Hennessy Advisors(US:HNNA)2024-12-11 21:15Financial Performance - Total revenue for the fiscal year ended September 30, 2024, was $29.6 million, representing a 23% increase compared to the previous year[6] - Net income increased by 49% to $7.1 million for the same period[6] - Fully diluted earnings per share rose by 46% to $0.92[6] - Cash and cash equivalents, net of gross debt, increased by 17% to $23.7 million[6] Assets Under Management - Average assets under management increased by 23% to $3.7 billion[6] - Total assets under management at fiscal year end reached $4.6 billion, a 53% increase from the previous year[6] - The company welcomed $549 million in net new assets under management during the fiscal year[5] Market Performance - The Dow Jones Industrial Average returned 28.85% and the S&P 500® Index returned 36.35% over the one-year period ended September 30, 2024[4] - Hennessy Funds posted positive returns across all 17 funds for the fiscal year[4] Business Strategy - The company executed a business strategy that included purchasing assets related to the management of $72 million in mutual funds[5]