Hennessy Advisors Inc. reported its financial results for the full year ended September 30, 2025. Total revenue reached USD 35.5 million, marking a 20 percent increase. Net income rose 40 percent to USD 10.0 million. Fully diluted earnings per share were USD 1.27, up 38 percent for the period. Average assets under management, which drive revenue, increased 22 percent to USD 4.5 billion. At fiscal year end, total assets under management were USD 4.2 billion, representing a decrease of 9 percent. Cash and cash equivalents, net of gross debt, stood at USD 32.2 million, up 36 percent.
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