Acquisitions and Business Combinations (Tables)

12 Months Ended

Jun. 30, 2026

The amount disclosed in the cash flow statement for cash paid for the acquisition of MAC Copper is determined as follows:

The fair values as at the acquisition date are as follows:


	SA Rand
Figures in million	Provisional fair value	Measurement period adjustments	Final fair value
Assets
Non-current assets
Property, plant and equipment	37 623	(5 357)	32 266
Other non-current assets	76	—	76
Streaming contract assets1	199	10	209
Current assets
Inventories	432	—	432
Trade and other receivables2	303	—	303
Cash and cash equivalents	420	—	420
Non-current liabilities
Deferred tax liabilities	7 478	(2 822)	4 656
Provision for environmental rehabilitation	222	—	222
Contingent consideration liabilities	860	(58)	802
Other non-current liabilities	107	—	107
Streaming contract liabilities	4 617	237	4 854
Current liabilities
Borrowings	3 858	—	3 858
Income tax payable	250	(205)	45
Trade and other payables	820	—	820
Contingent consideration liabilities	2 511	(1)	2 510
Derivative financial liabilities	503	—	503
Streaming contract liabilities	347	62	409
Fair value of net identifiable assets acquired at 24 October 2025	17 480	(2 558)	14 922

1This relates to the copper compound derivative, refer to note 29 for further information.

2The gross contractual amounts receivable is equal to the fair value of the receivables as at acquisition date.

Goodwill arising from the acquisition has been recognised as follows:


	SA Rand
Figures in million	24 October 2025
Consideration paid	17 480
Fair value of net identifiable assets	(14 922)
Goodwill	2 558

The goodwill has been allocated to CSA. The goodwill recognised is mainly attributable to broader strategic benefits to Harmony

arising from the acquisition, including increased exposure to copper, portfolio diversification, enhanced operating scale, strategic

optionality in relation to future mine planning and development, and the potential to leverage Harmony's technical, operational and

financial capabilities across the acquired asset base. None of the goodwill recognised is expected to be deductible for tax purposes.

The movement in goodwill is as follows:


	SA Rand
Figures in million	2026	2025
Balance at beginning of year	—	—
Additions	2 558	—
Foreign exchange translation	20	—
Balance at end of year	2 578	—
The net carrying value of goodwill has been allocated to the following cash generating unit:
CSA	2 578	—
Net carrying value	2 578	—