HENNESSY ADVISORS INC

Hennessy Advisors Inc. reported Q3 2026 net income of $1.999 million ($0.25 diluted EPS) on total revenue of $8.390 million. For the nine months ended June 30, 2026, net income was $5.839 million ($0.73 diluted EPS) on total revenue of $24.843 million. A significant event was the full redemption of $40.25 million in 2026 Notes on June 30, 2026, which substantially reduced total liabilities and cash.

Hennessy Advisors, Inc. reported its third fiscal quarter 2026 results, with total revenue increasing 4.2% to $8.4 million. However, net income decreased 5.7% to $2.0 million and diluted EPS fell 3.8% to $0.25, primarily due to accelerated recognition of financing costs from the early redemption of $40.25 million in notes payable. The company also declared a quarterly cash dividend of $0.15 per share. Average assets under management grew 4.0% to $4.3 billion, and total assets under management increased 2.6% to $4.4 billion, while net cash position improved by 17.6% to $35.4 million.

Hennessy Advisors, Inc. announced the full redemption of its outstanding 4.875% notes due 2026. The company delivered a notice to the trustee on May 28, 2026, for the redemption of $40.25 million in principal amount. The redemption will occur on June 30, 2026, at 100% of the principal amount plus accrued interest, after which no notes will remain outstanding and they will be delisted from Nasdaq.

Hennessy Advisors reported a decline in financial performance for the three and six months ended March 31, 2026. Net income for the quarter decreased to $1.91 million on total revenue of $8.13 million, a 12.3% drop year-over-year. The company also terminated an agreement to purchase ETF management assets, resulting in $0.4 million in expensed costs. Despite the decline in earnings, the company increased its quarterly cash dividend to $0.15 per share.

Hennessy Advisors, Inc. reported its second fiscal quarter results for March 31, 2026, with total revenue decreasing 12% to $8.1 million and net income falling 26% to $1.9 million, resulting in diluted EPS of $0.24. The company also declared a cash dividend of $0.15 per share, payable on June 4, 2026. Despite a decline in assets under management, the company increased its cash and cash equivalents, net of gross debt, by 20% to $32.8 million, indicating a focus on financial discipline and strategic growth opportunities.