Happy Belly Food Group Announces 14th Consecutive Record Quarter, and Third Consecutive Quarter of Positive Net Income from OperationsNovember 26, 2025 7:28 AM EST | Source: Happy Belly Food Group Inc.Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce its unaudited financial results and corporate update for th ...

Core Insights - Happy Belly Food Group achieved its 13th consecutive record quarter with a 114% increase in system sales compared to the same quarter last year, reaching $16.2 million [2][4] - The company reported total revenues of $5.7 million in Q2 2025, a 155% increase year-over-year, driven by organic growth and acquisitions [3][4] - Happy Belly opened 12 new restaurant locations in Q2 2025 and has a total of 62 operating restaurants, up 138% from the previous year [3][4] Financial Performance - System-wide sales reached $16.2 million in Q2 2025, up from $7.6 million in Q2 2024, reflecting a 114% increase [4] - Total operating revenues, including vendor rebates and interest income, amounted to $5.7 million in Q2 2025, compared to $2.2 million in Q2 2024, marking a 155% increase [4] - Adjusted EBITDA for Q2 2025 was $0.6 million, representing a margin of 9.9%, a significant improvement from a negative $(0.1) million in the same quarter last year [4][11] Growth Strategy - The company continues to focus on both organic growth and accretive acquisitions, with plans to expand its restaurant portfolio further [3][4] - Happy Belly's management emphasizes a disciplined approach to growth, focusing on the "3P's": People, Product, and Process [3] - The company has signed multiple franchise agreements and development deals across Canada, indicating strong expansion plans [6][10] Operational Highlights - In Q2 2025, Happy Belly generated $0.7 million in cash flow from operating activities and invested $1.1 million in property and equipment [7] - The company added 12 new restaurants during Q2 2025, with further expansions planned in Q3 [7] - As of June 30, 2025, Happy Belly's net working capital was $2.7 million, and total cash and cash equivalents stood at $3.0 million [4]