HENNESSY ADVISORS INC

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

HNNA$10.36+1.6%Stored close · as of Nov 9, 2026

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Contents

Statements of Income

(In thousands, except share and per share amounts)

	Three Months Ended March 31,		Six Months Ended March 31,
	2025	2024	2025	2024
Revenue
Investment advisory fees	$8,673	$6,436	$17,734	$12,101
Shareholder service fees	603	504	1,250	983
Total revenue	9,276	6,940	18,984	13,084
Operating expenses
Compensation and benefits	2,674	2,253	5,440	4,119
General and administrative	1,799	1,464	3,452	3,188
Fund distribution and other	251	201	516	350
Sub-advisory fees	1,032	1,046	2,165	1,957
Depreciation	69	57	130	126
Total operating expenses	5,825	5,021	11,703	9,740
Net operating income	3,451	1,919	7,281	3,344
Interest income	(677)	(771)	(1,386)	(1,557)
Interest expense	572	568	1,144	1,135
Income before income tax expense	3,556	2,122	7,523	3,766
Income tax expense	973	582	2,106	1,026
Net income	$2,583	$1,540	$5,417	$2,740
Earnings per share
Basic	$0.33	$0.20	$0.70	$0.36
Diluted	$0.33	$0.20	$0.69	$0.36
Weighted average shares outstanding
Basic	7,784,225	7,676,099	7,782,152	7,674,134
Diluted	7,912,156	7,700,203	7,890,031	7,684,245
Cash dividends declared per share	$0.14	$0.14	$0.28	$0.28

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.