Harmony Gold Mining Company filed its annual Form 20-F with the SEC on October 30, 2026, disclosing four material weaknesses in internal control over financial reporting. The company concluded that its controls and procedures were ineffective as of June 30, 2026.
Harmony Gold is restating its consolidated financial statements for the fiscal years ended June 30, 2024, and June 30, 2025. The restatements address two errors: misaligned software algorithm parameters used to calculate depreciation and deferred taxes at several mines, and incorrect timing in the recognition of payroll provisions and accruals.
The disclosures may prompt increased investor and regulatory scrutiny of the company’s financial oversight and reporting accuracy.