Hennessy Advisors(HNNA) - 2025 Q3 - Quarterly Results

Financial Performance - Total revenue for Q3 2025 was $8.1 million, representing a 4% increase compared to the prior year[5] - Net income for the quarter was $2.1 million, up 5% from the same period last year[5] - Average assets under management increased to $4.1 billion, reflecting a 5% growth year-over-year[5] - Total assets under management reached $4.3 billion, marking a 6% increase compared to the previous year[5] - Cash and cash equivalents, net of gross debt, rose to $30.0 million, a significant increase of 38%[5] Dividends - The company declared a quarterly dividend of $0.1375 per share, resulting in an annualized dividend yield of 4.4%[2] Strategic Initiatives - The company is focused on expanding its ETF offerings by assuming management of the STF Tactical Growth & Income ETF and the STF Tactical Growth ETF[4] - The company reported ongoing positive earnings and a growing cash position, strengthening its ability to capitalize on future opportunities[4] Market Outlook - The U.S. labor market remains resilient with historically low unemployment and consistent payroll growth, positively impacting consumer sentiment[3] - Management remains optimistic about future performance, citing clarity from recent fiscal legislation as a positive factor for investors[3]