Hennessy Advisors, Inc. Reports Quarterly Earnings and Announces Quarterly Dividend

Rhea-AI Summary

Hennessy Advisors (NASDAQ:HNNA) has reported strong Q3 2025 financial results and declared a quarterly dividend. The company achieved total revenue of $8.1 million (up 4%) and net income of $2.1 million (up 5%), maintaining earnings per share at $0.26.

The company's assets under management increased to $4.3 billion (up 6%), while their cash position strengthened significantly to $30.0 million (up 38%). A quarterly dividend of $0.1375 per share was declared, representing a 4.4% annualized yield. The company is also pursuing expansion of its ETF offerings through potential management of STF Tactical Growth funds.

Positive

• Total revenue increased by 4% to $8.1 million
• Net income grew 5% to $2.1 million
• Assets under management rose 6% to $4.3 billion
• Cash position strengthened significantly, up 38% to $30.0 million
• Maintained stable quarterly dividend with 4.4% annualized yield
• Potential expansion into new ETF offerings

Negative

• Earnings per share remained flat at $0.26
• Market volatility persists due to inflation and Fed policy uncertainty

NOVATO, Calif., Aug. 6, 2025 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq:HNNA) today announced financial results for its third fiscal quarter of 2025, which ended June 30, 2025. The Company also declared a quarterly dividend of $0.1375 per share to be paid on September 4, 2025, to shareholders of record as of August 20, 2025. This represents an annualized dividend yield of 4.4%, based on a closing price of $12.63 on August 5, 2025.

"While equity markets continued to rise and reach new highs in the first half of 2025, volatility persisted due to uncertainty around inflation, tariffs, and delays in anticipated Fed rate cuts," said Neil Hennessy, Chairman and CEO. "Rather than react to the constant flurry of financial headlines, we stay grounded in the fundamentals. In my opinion, the U.S. labor market has proven remarkably resilient, with historically low unemployment and consistent payroll growth. GDP is rising modestly, while inflation continues to moderate – I believe both of which are boosting consumer sentiment. We're also seeing encouraging signs in corporate earnings and businesses putting money to work – upgrading operations, expanding capacity, and leaning into growth for the future."

"With the passage of major fiscal legislation in early July, I believe investors now have the clarity needed to refocus on the strength of the economic data. I remain confident in the resilience of the market and optimistic about future performance. As always, we remain calm, focused, and committed to delivering long-term value to our shareholders," he added.

"We're pleased to report growth in assets under management, continued positive earnings, ongoing quarterly dividend payments, and a growing cash position – each of which strengthens our ability to capitalize on future opportunities. We also remain focused on completing the process for Hennessy Advisors to assume management of the STF Tactical Growth & Income ETF and the STF Tactical Growth ETF, which would expand our ETF offerings," said Teresa Nilsen, President and COO.

Summary Highlights (compared to the prior comparable quarter ended June 30, 2024):

• Total revenue: $8.1 million (up 4%)
• Net income: $2.1 million (up 5%)
• Fully diluted earnings per share: $0.26 (unchanged)
• Average assets under management, upon which revenue is earned: $4.1 billion (up 5%)
• Total assets under management: $4.3 billion (up 6%)
• Cash and cash equivalents, net of gross debt: $30.0 million (up 38%)

		Three Months Ended June 30,				Change
		2025		2024		Amount		Percent
Total Revenue		$           8,054,259		$           7,784,523		$           269,736		3.5 %
Net Income		2,120,934		2,029,527		91,407		4.5 %
Earnings Per Share (Diluted)		0.26		0.26		-		0.0 %
Weighted Average Number of Shares Outstanding (Diluted)		7,960,872		7,732,068		228,804		3.0 %
Average Assets Under Management		4,098,783,695		3,893,131,722		205,651,973		5.3 %
		As of June 30,
		2025		2024
Total Assets Under Management		$     4,280,005,244		$     4,027,830,779		$     252,174,465		6.3 %
Cash and Cash Equivalents, Net of Gross Debt Balance		30,069,042		21,767,015		8,302,027		38.1 %

About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing.

Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations and projections about future events based on currently available information. Forward‑looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‑looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‑looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.

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SOURCE Hennessy Advisors, Inc.

FAQ

What were Hennessy Advisors (HNNA) Q3 2025 earnings results?

Hennessy Advisors reported Q3 2025 revenue of $8.1 million (up 4%) and net income of $2.1 million (up 5%), with earnings per share remaining stable at $0.26.

What is Hennessy Advisors' (HNNA) current dividend yield?

Hennessy Advisors declared a quarterly dividend of $0.1375 per share, representing an annualized yield of 4.4% based on the August 5, 2025 closing price of $12.63.

How much are Hennessy Advisors' (HNNA) assets under management in Q3 2025?

Hennessy Advisors' total assets under management reached $4.3 billion, representing a 6% increase from the previous year.

What is Hennessy Advisors' (HNNA) cash position as of Q3 2025?

The company's cash and cash equivalents, net of gross debt, stood at $30.0 million, showing a significant increase of 38% compared to the previous year.

What new business developments is Hennessy Advisors (HNNA) pursuing?

Hennessy Advisors is working to assume management of the STF Tactical Growth & Income ETF and the STF Tactical Growth ETF, which would expand their ETF offerings.