Hennessy Advisors, Inc. released its financial results for the second fiscal quarter of 2025, which ended March 31, 2025, on May 7, 2025. The company reported a 65.0% increase in diluted earnings per share, reaching $0.33, up from $0.20 in the comparable prior-year quarter. Total revenue for the quarter grew by 33.7% to $9,275,783, compared to $6,939,977 in the second fiscal quarter of 2024.
Net income for the quarter increased by 67.7% to $2,582,979 from $1,539,823 in the prior-year period. Average assets under management (AUM) rose by 37.2% to $4.75 billion, while total AUM as of March 31, 2025, stood at $4.26 billion, a 10.5% increase from $3.85 billion a year prior.
The company's cash and cash equivalents, net of gross debt balance, increased by 41.2% to $27,311,927. Management highlighted the definitive agreement with STF Management, LP to expand ETF offerings, noting it reflects a commitment to growth and deployment of cash position.
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