Core Insights - Functional Brands Inc. reported strong financial growth in Q3 2025, with significant achievements that position the company for accelerated growth [2][3] - The company successfully completed its direct listing on the Nasdaq Capital Market under the symbol MEHA, which is seen as a validation of its business model and a foundation for future expansion [2] - The P2i by Kirkman prenatal supplement became the first to align with FIGO's transparency standards and comply with California's SB 646 QR-code disclosure law ahead of the 2027 deadline [3] Financial Performance - Revenue for Q3 2025 reached $1.7 million, marking a 21.4% increase compared to Q3 2024, driven primarily by growth in direct-to-consumer sales [8] - Gross profit increased by 28.1% year-over-year, with the gross profit margin improving by 310 basis points to 57.8% due to higher revenue and better cost control [8] - The company reported a net income of $0.3 million or $0.04 per diluted share, a turnaround from a net loss of $0.3 million in the prior year [8] Balance Sheet Highlights - As of September 30, 2025, total assets amounted to $8.23 billion, an increase from $7.17 billion at the end of 2024 [7] - Current assets rose to $4.21 billion, up from $2.86 billion at the end of 2024, with cash increasing significantly to $1.01 million [7] - Total liabilities increased to $7.63 billion from $7.29 billion, with current liabilities also rising to $5.70 billion [7] Strategic Initiatives - The company formed a partnership with Market Performance Group to enhance the growth of its Kirkman brand across eCommerce and digital channels [3] - Functional Brands is focused on acquiring and growing science-based consumer brands, with a commitment to providing high-quality wellness solutions [4]