Harmony Gold Mining Company Limited (HMY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you for joining us. I'm Bayer Schnell, the CEO of Harmony. Today, we are presenting our financial year 25 results that unpack not only our operational and financial performance, but it also details how we are creating value for our shareholders and all our stakeholders. You'll also hear today from our financial director, Boipelo Lekubu, who will take you through the financial detail later on in the deck. Before we begin, please take note of our safe harbour statement. We encourage you to read the cautionary language in full. And with that, let's move to the heart of the equity story. FY25 marks our 10th consecutive year of meeting production guidance. This level of consistency is rare in our sector and is underpinned by responsible stewardship, operational excellence, effective capital allocation, and cash certainty. Harmony has delivered a steady performance over the past decade, contributing to investor confidence and long-term trust. Our growth story is built on consistent delivery, higher quality ore bodies, disciplined cost management, record cash flows, and a robust balance sheet. It also sets the stage for a future powered by quality gold and meaningful copper. Our success has been built by keeping safety, sustainability, and operational excellence as non-negotiables. Copper, of course, provides a catalyst to our investment case through Mac Copper, Eva Copper, and Wafi Golpu. This will further enhance the portfolio and improve our quality across commodity cycles. Our success is built on trust and collaboration, and we remain focused on the needs and interests of all our stakeholders. This commitment positions Harmony as a partner of choice where we operate. Harmony has once again delivered a stellar operating and financial se...