Business
Happy Belly Food Group Announces 14th Consecutive Record Quarter, and Third Consecutive Quarter of Positive Net Income from Operations
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 the fiscal quarter ended September 30th, 2025."In Q3 2025, Happy Belly Food Group achieved its 14th consecutive record quarter and third consecutive quarter of positive net income from operations. These...
About this update from Happy Belly Food Group Inc
[{"type":"text","content":"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 the fiscal quarter ended September 30th, 2025."In Q3 2025, Happy Belly Food Group achieved its 14th consecutive record quarter and third consecutive quarter of positive net income from operations. These milestones-including segmented EBITDA for the QSR division surpassing $1.0 million in Q3 and royalties & fees for the QSR division also surpassing $1.0 million in Q3, both marking firsts for the Company-reinforce our reputation as a disciplined, high-growth multi-brand restaurant operator with a predictable growth model. They highlight our ongoing mission to become Canada's leading acquirer and scaler of emerging food brands while driving long-term shareholder value," said Sean Black, Chief Executive Officer."We have a lot to be proud of as a team, and as an organization. We have truly built a predictable and repeatable growth model that saw our system sales more than double, driving a 125% increase versus the same quarter last year. We successfully added 12 new restaurant locations in Q3 to the Happy Belly portfolio through a mixture of organic and inorganic growth, with another 2 restaurant locations added through our organic growth model so far in Q4, giving Happy Belly 75 operating locations in total.""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 our aggressive growth plan which has led to significant growth in Q3. System sales reached $19.2M (+125%), and total revenues of $7.2M (+188%) supported by our adjusted EBITDA reaching a new high of 10.4% in Q3.""Our core principles have been the 3P's: People, Product and Process, while staying operationally and financially disciplined throughout our execution plan. These strong results are a testament to the team-oriented culture we have built at Happy Belly. Our management team and brand partners are working together to support our franchisees in national and US expansion as we anticipate to deliver signi...