Hennessy Advisors(HNNA) - 2025 Q2 - Quarterly Results

Financial Performance - Total revenue for Q2 2025 was $9.3 million, an increase of 34% compared to Q2 2024[3] - Net income for the quarter reached $2.6 million, reflecting a 68% increase year-over-year[3] - Fully diluted earnings per share were $0.33, marking a 65% increase from the previous year[3] - Average assets under management increased to $4.7 billion, up 37% from the prior comparable quarter[3] - Total assets under management rose to $4.3 billion, an increase of 11% year-over-year[4] - Cash and cash equivalents, net of gross debt, amounted to $27.3 million, a 41% increase compared to the previous year[4] - The weighted average number of shares outstanding (diluted) increased by 2.8% to 7,912,156 shares[4] Dividends - A quarterly dividend of $0.1375 per share was announced, representing an annualized dividend yield of 5.2%[2] Strategic Initiatives - The company signed a definitive agreement with STF Management, LP to expand its ETF offerings, indicating a strategic growth initiative[3] - The company remains committed to long-term investing despite current market volatility and uncertainty[2]