HNNA

EX-99.1

2 ex_997559.htm

EXHIBIT 99.1

ex_997559.htm

Exhibit 99.1

Media Contacts:

Teresa Nilsen

Hennessy Advisors, Inc.

Terry@hennessyadvisors.com; 800-966-4354

Hibre Teklemariam

SunStar Strategic

HTeklemariam@sunstarstrategic.com; 703-894-1057

FOR IMMEDIATE RELEASE

Hennessy Advisors, Inc. Reports Quarterly Earnings

and Announces Quarterly Dividend

August 5, 2026, Novato, CA - 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%.

​

​

Three Months Ended Jun 30,

​

​

Change

​

​

​

2026

​

​

2025

​

​

Amount

​

​

Percent

​

Total Revenue

​

$

8,390,476

​

​

$

8,054,259

​

​

$

336,217

​

​

​

4.2

%

Net Income

​

​

1,999,148

​

​

​

2,120,934

​

​

​

(121,786

)

​

​

-5.7

%

Earnings Per Share (Diluted)

​

​

0.25

​

​

​

0.26

​

​

​

(0.01

)

​

​

-3.8

%

Weighted Average Number of Shares Outstanding (Diluted)

​

​

8,038,411

​

​

​

7,960,872

​

​

​

77,539

​

​

​

1.0

%

Average Assets Under Management

​

​

4,261,027,927

​

​

​

4,098,783,695

​

​

​

162,244,232

​

​

​

4.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of Jun 30,

​

​

​

​

​

​

​

​

​

​

​

2026

​

​

2025

​

​

​

​

​

​

​

​

​

Total Assets Under Management

​

$

4,390,624,761

​

​

$

4,280,005,244

​

​

$

110,619,517

​

​

​

2.6

%

Cash and Cash Equivalents, Net of Gross Debt Balance

​

​

35,350,689

​

​

​

30,069,042

​

​

​

5,281,647

​

​

​

17.6

%

*

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 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

hnna20260430_8k.htm

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):          May 6, 2026

HENNESSY ADVISORS, INC.

(Exact name of registrant as specified in its charter)

California

001-36423

68-0176227

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

7250 Redwood Blvd., Suite 200

Novato, California

94945

(Address of principal executive offices)

(Zip code)

Registrant’s telephone number including area code: (415) 899-1555

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

Common stock, no par value

HNNA

The Nasdaq Stock Market LLC

4.875% Notes due 2026

HNNAZ

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1

Item 2.02.

Results of Operations and Financial Condition

On May 6, 2026, Hennessy Advisors, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 7.01.

Regulation FD Disclosure

On May 6, 2026, the Company issued a press release announcing that it had declared a cash dividend of $0.15 per share on its common stock. The cash dividend is payable June 4, 2026, to shareholders of record at the close of business on May 21, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 9.01.

Financial Statements and Exhibits

EXHIBIT INDEX

Exhibit

Description

99.1

Press release.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HENNESSY ADVISORS, INC.

May 6, 2026

By:

/s/ Teresa M. Nilsen

Teresa M. Nilsen

President

3

hnna20260204c_8k.htm

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0001145255

hnna:NotesDue20264875CustomMember

2026-02-05 2026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):          February 5, 2026

HENNESSY ADVISORS, INC.

(Exact name of registrant as specified in its charter)

California

001-36423

68-0176227

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

7250 Redwood Blvd., Suite 200

Novato, California

94945

(Address of principal executive offices)

(Zip code)

Registrant’s telephone number including area code: (415) 899-1555

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

Common stock, no par value

HNNA

The Nasdaq Stock Market LLC

4.875% Notes due 2026

HNNAZ

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1

Item 2.02.         Results of Operations and Financial Condition

On February 5, 2026, Hennessy Advisors, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended December 31, 2025. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 7.01.         Regulation FD Disclosure

On February 5, 2026, the Company issued a press release announcing that it had declared a cash dividend of $0.15 per share on its common stock. The cash dividend is payable March 4, 2026, to shareholders of record at the close of business on February 18, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 9.01.         Financial Statements and Exhibits

EXHIBIT INDEX

Exhibit

Description

99.1

Press release.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HENNESSY ADVISORS, INC.

February 5, 2026

By:

/s/ Teresa M. Nilsen

Teresa M. Nilsen

President

3