v3.25.3
Earnings/(Loss) Per Share (Tables)
12 Months Ended
Jun. 30, 2025
Earnings per share [abstract]  
Basic earnings/(loss) per share
2025
2024
2023
Ordinary shares in issue (000)
634 768
632 634
618 072
Adjustment for weighted number of ordinary shares in issue (000) (a)
(468)
(7 930)
(428)
Weighted number of ordinary shares in issue (000)
634 300
624 704
617 644
Adjustment for weighted number of treasury shares (000) (b)
(12 451)
(5 267)
(47)
Basic weighted average number of ordinary shares in issue (000)
621 849
619 437
617 597
SA Rand
2025
2024
2023
Total net profit attributable to shareholders (million)
14 384
8 587
4 820
Total basic earnings per share (cents)
2 313
1 386
780
(a)These are the weighted number of ordinary shares for the years presented. The increase in 2024 was mainly due to
12 651 525 shares issued on 4 April 2024 as part of the new Harmony ESOP scheme. Refer to note 22 for the actual
number of treasury shares that are in issue.
(b)These are the weighted number of treasury shares for the years presented. The increase in 2025 was due to the ESOP
plan shares being weighted for a full 12-month period in 2025 compared to a five-month period in 2024. The impact of the
shares on the basic weighted average number of shares was 12 404 035 in 2025 (2024: 5 219 618). Refer to note 22 for
the actual number of treasury shares that are in issue.
Diluted earnings/(loss) per share
2025
2024
2023
Weighted average number of ordinary shares in issue (000)
621 849
619 437
617 597
Potential ordinary shares (000) (a)
6 851
10 256
2 877
Weighted average number of ordinary shares for diluted earnings per share
(000)
628 700
629 693
620 474
SA Rand
2025
2024
2023
Total diluted earnings per share (cents)
2 288
1 364
777
(a)The issue price and the exercise of share options issued to the employees include the fair value of any services to be
supplied to the entity in the future under the share option or other share-based payment arrangements.
The increase in the weighted average number of diluted shares in 2024 was as a result of the significant increase in the
Harmony share price during the year. This impacted the base as well as the percentage applied to it to determine the
bonus element. As a result, there were a larger number of dilutive shares across all active shares schemes, with the
exception of the new ESOP scheme, which were anti-dilutive. This, combined with the 2023 deferred share plan
implemented in September 2023, resulted in an increase in the diluted shares. The inclusion of the share options as
potential ordinary shares had a dilutive effect on earnings per share.
Disclosure of Dividends Declared
SA Rand
2025
2024
2023
Dividends declared (millions)
2 038
1 394
136
Dividend per share (cents)
321
222
22