Business
Happy Belly Food Group Announces 13th Consecutive Record Quarter, and Increased Positive Net Income from Operations
Toronto, Ontario--(Newsfile Corp. - August 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 the fiscal quarter ended June 30th, 2025."In Q2 2025, Happy Belly Food Group achieved its 13th consecutive record quarter and increased positive net income from operations. This milestone reinforces our...
About this update from Happy Belly Food Group Inc
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - August 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 the fiscal quarter ended June 30th, 2025.","length":355,"tagName":"p"},{"type":"text","content":""In Q2 2025, Happy Belly Food Group achieved its 13th consecutive record quarter and increased positive net income from operations. This milestone reinforces our reputation as a disciplined, high-growth multi-brand restaurant operator with a predictable growth model. It highlights our ongoing mission to become Canada's leading acquirer and scaler of emerging food brands while driving long-term shareholder value. We more than doubled our system sales, driving a 114% increase versus the same quarter last year. We successfully opened 12 new restaurant locations in Q2, with another 11 restaurant locations added through our continued focus on organic growth and accretive acquisitions so far in Q3," said Sean Black, Chief Executive Officer of Happy Belly."I would like to personally congratulate all brand leaders, franchisees, team members and cross functional teams for a truly great quarter. The team continues to execute on our aggressive growth and strategic plan, which has led to yet another positive step forward with significant growth during Q2 2025. System sales reached $16.2M (+114%), and total revenues of $5.7M (+155%) both doubled versus the same quarter last year. Adjusted EBITDA reached 9.9% in Q2 while achieving our second consecutive quarter of positive net income from operations. Our core principles have been the 3P's: People, Product and Process, while staying operationally and financially disciplined throughout our execution plan. As at the end of Q2 2025, we have 62 operating restaurants, up 36 or 138% versus the same quarter last year. We continue to drive both organic and inorganic growth through accretive acquisitions, improving sales and customer traffic, net restaurant openings, as well as overall profitability at restaurant level. Such positive tailwinds are already evident in Q3 2025, while we head towards the fall season.""These strong results are a testament to the team-orie...