Hennessy Advisors(US:HNNA)2025-02-13 21:16Financial Performance - Total revenue for Q1 2025 was $9.7 million, representing a 58% increase compared to the prior year[2] - Net income reached $2.8 million, an increase of 136% year-over-year[2] - Fully diluted earnings per share were $0.36, reflecting a 125% increase from the previous year[2] Assets Management - Average assets under management increased to $4.8 billion, up 59% compared to the prior period[2] - Total assets under management were $4.8 billion, marking a 46% increase year-over-year[3] - Cash and cash equivalents, net of gross debt, amounted to $24.7 million, an increase of 28%[2] - The cash position net of debt strengthened by nearly 30% over the last twelve months[2] Fund Performance - All 17 Hennessy Funds posted positive returns for the year ended December 31, 2024[1] - The Dow Jones Industrial Average returned 14.99% and the S&P 500® Index returned 25.02% for the year ended December 31, 2024[1] Dividends - The company announced a quarterly dividend of $0.1375 per share, representing an annualized dividend yield of 4.6%[1]