HNNA

NOVATO, Calif., Aug. 5, 2026 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) reported results for its third fiscal quarter ended June 30, 2026, and declared a quarterly dividend of $0.15 per share to be paid on September 3, 2026, to shareholders of record as of August 20, 2026. The dividend represents an annualized yield of 6.1%.* "The U.S. stock market has delivered solid performance over the first half of 2026. I believe the market is trading on fundamentally positive information – strong corporate earnings as well as employment and wage growth – as opposed to any AI 'hype.' It is no longer primarily the Magnificent 7 driving market growth. Instead, we are seeing small and midcap growth and value stocks participating in the market's advance," said Neil Hennessy, Chairman and CEO. "I believe the shift in sentiment bodes well for long-term market performance. While interest rates may be higher than we had hoped, and geopolitical strain continues on a global level, I believe the underlying fundamentals continue to support measured growth, and I'm hopeful that we close out 2026 with another year of positive market returns," he added. "This quarter, we made the decision to redeem our notes payable of $40.25 million six months ahead of the maturity date of December 31, 2026," said Teresa Nilsen, President and COO. "That decision reflects our assessment of current interest rates, our available cash position, and our analysis of short-term capital needs." "We are pleased to report a 4% increase in revenue driven by higher assets under management year-over-year," she continued. "While the early redemption of our notes payable reduced earnings in the current quarter due to the accelerated recognition of financing costs, our net cash position increased 18% from the prior year to more than $35 million. We believe our balance sheet remains a competitive advantage, allowing us to pursue strategic acquisition opportunities while continuing to return capital to our shareholders through a dividend." Summary Highlights (compared to the prior comparable quarter ended June 30, 2025): Total revenue of $8.4 million, an increase of 4%. Net income of $2.0 million, a decrease of 6%, primarily attributable to the early redemption of debt. Fully diluted earnings per share of $0.25, a decrease of 4%. Average assets under management, upon which revenue is earned, of $4.3 billion, an increase of 4%. Total assets under management of $4.4 billion, an increase of 3%. Cash and cash equivalents, net of gross debt, of $35.4 million, an increase of 18%. * Based on the closing stock price of $9.76 on August 4, 2026, and an annualized dividend of $0.60 per share. 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 InformationNothing 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 StatementsThis 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-quarterly-earnings-and-announces-quarterly-dividend-302844149.html

NOVATO, Calif., May 6, 2026 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq:HNNA) reported results for its second fiscal quarter ended March 31, 2026, and declared a quarterly dividend of $0.15 per share to be paid on June 4, 2026, to shareholders of record as of May 21, 2026. The dividend represents an annualized yield of 6.0%.* "While 2026 began with solid market performance, March was marked by geopolitical tension, persistent inflationary pressures, and higher energy costs affecting consumers and corporations," said Neil Hennessy, Chairman and CEO. "Despite recent volatility, we view this as a typical market reaction within what we believe will be a longer-term growth cycle. I believe that economic fundamentals remain constructive and are supported by strong corporate balance sheets and resilient earnings output. We continue to monitor signs of economic weakening, but we remain optimistic about the long-term outlook for both the U.S. economy and equity markets." "We launched our first mutual fund, the Hennessy Balanced Fund, on March 8, 1996. Thirty years in the mutual fund business reflects our long-standing commitment to disciplined investing and to the shareholders we serve. While uncertainty remains, we are focused on the opportunities ahead," he added. "Last quarter, we raised our dividend by 9% - our first increase since 2019," said Teresa Nilsen, President and COO. "That decision was bolstered by our strong cash position, consistent profitability, and commitment to returning capital to our shareholders. Today's dividend announcement demonstrates the continuation of our corporate strategy." "Although total assets under management declined 8% year-over-year, we continue to generate net income and solid earnings per share each quarter," she added. "Just as importantly, we are also building our cash position as we evaluate strategic growth opportunities. Our focus remains on positioning the firm for the future while maintaining financial discipline today." Summary Highlights (compared to the prior comparable quarter ended March 31, 2025): Total revenue of $8.1 million, a decrease of 12%. Net income of $1.9 million, a decrease of 26%. Fully diluted earnings per share of $0.24, a decrease of 27%. Average assets under management, upon which revenue is earned, of $4.2 billion, a decrease of 12%. Total assets under management of $3.9 billion, a decrease of 8%. Cash and cash equivalents, net of gross debt, of $32.8 million, an increase of 20%. * Based on the closing stock price of $9.97 on May 5, 2026, and an annualized dividend of $0.60 per share. 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-quarterly-earnings-and-announces-quarterly-dividend-302764514.html

Firm Announces 15th Dividend Increase NOVATO, Calif., Feb. 5, 2026 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today announced financial results for its first fiscal quarter of 2026, which ended December 31, 2025. The Board of Directors also declared a quarterly dividend of $0.15 per share, a 9% increase, which will be paid on March 4, 2026, to shareholders of record as of February 18, 2026. This represents an annualized dividend yield of 5.9%, based on a closing price of $10.15 on February 4, 2026. "The sentiment I continue to hear is that 2025 was a 'surprisingly strong' year for the U.S. stock market. I would argue the strength of the market speaks for itself and reflects solid underlying economic fundamentals," said Neil Hennessy, Chairman and CEO. "The natural question is what comes next. While concerns remain around inflation, global trade tensions, and interest rates, I continue to believe in the resilience of the U.S. economy. Headlines may create volatility, but I am confident that a soft landing in 2026 remains a reasonable expectation, supported by projected GDP growth, improving earnings, and continued economic expansion." "Here at Hennessy, we manage our products with a steady hand and a long-term perspective," he added. "We appreciate the continued trust of our shareholders and remain focused on disciplined execution and persistence in the year ahead." "Despite lower assets and earnings compared to the prior year, our balance sheet continues to strengthen," stated Teresa Nilsen, President and COO. "Cash net of debt has increased nearly 30% over the past twelve months." "Our strong cash position is allowing us to make the strategic decision to increase our quarterly dividend to $0.15 per share," Nilsen added. "This marks our 15th dividend increase and reflects our commitment to returning capital to shareholders, while maintaining the financial strength and operational efficiency needed to act decisively when the right opportunities arise." Summary Highlights (compared to the prior comparable quarter ended December 31, 2024): Total revenue: $8.3 million (down 14%) Net income: $1.9 million (down 32%) Fully diluted earnings per share: $0.24 (down 33%) Average assets under management, upon which revenue is earned: $4.2 billion (down 14%) Total assets under management: $4.1 billion (down 14%) Cash and cash equivalents, net of gross debt: $31.7 million (up 28%) 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-quarterly-earnings-302680653.html

NOVATO, Calif., Dec. 3, 2025 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today reported results for the fiscal year ended September 30, 2025. "As 2025 draws to a close, I have the utmost confidence in the strength of the economy and the U.S. stock market," said Neil Hennessy, Chairman and CEO. "In the one-year period ended September 30, 2025, the Dow Jones Industrial Average gained 11.50% and the S&P 500® Index rose 17.60% (on a total return basis). Those results, in my view, reflect a resilient economy and a steady consumer that are together poised to drive growth as we approach the holiday season." "The market will always have its skeptics, but I'll never bet against our economy or our country. There's uncertainty, of course. However, I believe the market fundamentals are sound: steady consumer spending, solid corporate earnings, and moderate inflation. As the Federal Reserve eases monetary policy in coming months, I expect lower interest rates to further support investors, consumers, and businesses alike," he added. "I'm also proud of our Funds' historical performance. Every one of our 17 Hennessy Funds posted positive returns in the one- and three-year periods ended September 30, 2025. Among our 16 Funds with more than 10 years of operating history, all delivered positive results for both the 5-year and 10-year periods ended September 30, 2025," stated Neil Hennessy. "While total assets under management declined from prior year, we are entering fiscal year 2026 from a strong position – nearly $4.3 billion in assets under management, more than $72 million in cash, and a pending deal in process to expand our ETF lineup," said Teresa Nilsen, President and COO. "Our higher average assets this year helped fuel a 40% increase in net income and boosted our cash position by over $8.5 million. These results reflect both the strength of our operating model and the discipline of our team," she added. "Looking ahead, our focus remains on growth and stability. We remain committed to maintaining our quarterly dividend, and we'll continue to seek opportunities—organically and through acquisition—that align with our values and create long-term value for our shareholders." Summary Highlights for the Fiscal Year (compared to fiscal year 2024): Total revenue of $35.5 million, an increase of 20%. Net income of $10.0 million, an increase of 40%. Fully diluted earnings per share of $1.27, an increase of 38%. Average assets under management, upon which revenue is earned, of $4.5 billion, an increase of 22%. Total assets under management at fiscal year end of $4.2 billion, a decrease of 9%. Cash and cash equivalents, net of gross debt, of $32.2 million, an increase of 36%. 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-strong-fiscal-2025-results-with-38-increase-in-annual-earnings-per-share-302632139.html

It hasn't been the best quarter for Hennessy Advisors, Inc. (NASDAQ:HNNA) shareholders, since the share price has fallen 14% in that time. But the silver lining is the stock is up over five years. In that time, it is up 24%, which isn't bad, but is below the market return of 100%. While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Hennessy Advisors managed to grow its earnings per share at 1.3% a year. This EPS growth is slower than the share price growth of 4% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Hennessy Advisors, it has a TSR of 69% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return. Hennessy Advisors shareholders gained a total return of 11% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 11% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 3 warning signs for Hennessy Advisors (1 can't be ignored) that you should be aware of. Of course Hennessy Advisors may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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%) 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-quarterly-earnings-and-announces-quarterly-dividend-302523412.html SOURCE Hennessy Advisors, Inc.

NOVATO, Calif., May 7, 2025 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq:HNNA) reported results for its second fiscal quarter of 2025, which ended March 31, 2025. The firm also announced a quarterly dividend of $0.1375 per share to be paid on June 4, 2025, to shareholders of record as of May 20, 2025, which represents an annualized dividend yield of 5.2%.* "The first quarter of 2025 was marked by heightened volatility, fueled by headline-grabbing developments, most notably the announcement of sweeping new tariffs that triggered sharp selloffs across both equity and bond markets," said Neil Hennessy, Chairman and CEO. "Ongoing uncertainty surrounding potential tax changes, inflation, interest rate policy, and government spending cuts has only added to investor unease. With so much happening so quickly—and with little immediate clarity—it's understandable that many investors are feeling overwhelmed. Having witnessed many turbulent markets over my 45-year career, I believe it's essential to look past the short-term noise. Markets should eventually stabilize as new realities are absorbed and understood. We feel our responsibility is to stay grounded in the fundamentals. And today, those fundamentals appear to remain solid: consumers are still spending, corporations are well capitalized, and interest rates have remained relatively stable." "Our commitment to long-term investing has never wavered. We are confident in our ability to navigate in the current environment, and we believe that a disciplined, forward-looking approach will continue to deliver solid long-term results for our company, employees, and shareholders. In times like these, patience, focus, and perspective are the most valuable tools we have," he added. "This quarter, we were also proud to announce the signing of a definitive agreement with STF Management, LP to expand our ETF offerings," added Teresa Nilsen, President and COO. "This strategic step reflects our continued commitment to growth and is a strong example of how we are deploying our cash position in meaningful ways. At the same time, we remain focused on delivering value to our shareholders—through our strong profitability, cash flow growth, and dividends—as demonstrated in our financial results for the quarter ended March 31, 2025." Summary Highlights (compared to the prior comparable quarter ended March 31, 2024): Total revenue of $9.3 million, an increase of 34%. Total revenue of $9.3 million, an increase of 34%. Net income of $2.6 million, an increase of 68%. Net income of $2.6 million, an increase of 68%. Fully diluted earnings per share of $0.33, an increase of 65%. Fully diluted earnings per share of $0.33, an increase of 65%. Average assets under management, upon which revenue is earned, of $4.7 billion, an increase of 37%. Average assets under management, upon which revenue is earned, of $4.7 billion, an increase of 37%. Total assets under management of $4.3 billion, an increase of 11%. Total assets under management of $4.3 billion, an increase of 11%. Cash and cash equivalents, net of gross debt, of $27.3 million, an increase of 41%. Cash and cash equivalents, net of gross debt, of $27.3 million, an increase of 41%. Three Months Ended Mar 31, Change 2025 2024 Amount Percent Total Revenue $ 9,275,783 $ 6,939,977 $ 2,335,806 33.7 % Net Income 2,582,979 1,539,823 1,043,156 67.7 % Earnings Per Share (Diluted) 0.33 0.20 0.13 65.0 % Weighted Average Number of Shares Outstanding (Diluted) 7,912,156 7,700,203 211,953 2.8 % Average Assets Under Management 4,746,380,124 3,459,895,504 1,286,484,620 37.2 % As of Mar 31, 2025 2024 Total Assets Under Management $ 4,255,690,493 $ 3,852,601,729 $ 403,088,764 10.5 % Cash and Cash Equivalents, Net of Gross Debt Balance 27,311,927 19,343,177 7,968,750 41.2 % * Based on the closing stock price of $10.59 on May 6, 2025, and an annualized dividend of $0.55 per share. 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. View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-65-increase-in-quarterly-earnings-per-share-and-announces-quarterly-dividend-302448813.html SOURCE Hennessy Advisors, Inc.