Happy Belly Food Group Reports $63.1M in System Wide QSR Sales Up 108% Growth YOY in Record Breaking Fiscal 2025

About this update from Happy Belly Food Group Inc

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands is pleased to announce its audited financial results and corporate update for the fiscal year ended December 31st, 2025.","length":335,"tagName":"p"},{"type":"text","content":"Fiscal 2025 and Recent Business Highlights","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"System wide sales across Quick Service Restaurants ("QSR") totaled $63.1M in fiscal 2025, up 108% versus the prior fiscal year (2024 - $30.30M). The increase is attributed to organic baseline restaurant growth, alongside increased restaurant count, which reached 77 operating restaurants in 2025 versus 43 in the prior fiscal year, representing a 79% increase in operating restaurant count. Total restaurant count includes the acquisitions and investments during fiscal 2025.","length":485,"tagName":"p"}]},{"val":[{"type":"text","content":"Total operating revenues, services, interest income, and rebates totaled $22.1M in fiscal 2025, up 176% versus the prior fiscal year (2024 - $8.0M). Year-over-year growth was driven by continued sales growth in the QSR segment, as well as four (4) business acquisitions in 2025, combined with new franchised restaurant openings and royalties collected during 2025 (34 restaurants added to the Happy Belly portfolio).","length":416,"tagName":"p"}]},{"val":[{"type":"text","content":"Total product sales totaled $18.1M in fiscal 2025, up 162% versus the prior fiscal year (2024 - $6.9M). Furthermore, royalties and franchise fee revenues reached $2.8M, up 195% from the prior fiscal year (2024 - $0.95M), which was driven by royalties collected from 34 new restaurant additions to the Happy Belly portfolio in 2025.","length":331,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) reached $0.1M or 0.3% in fiscal 2025, a 60% increase versus the prior fiscal year (2024 - adjusted EBITDA loss of $(0.1)M or (1.2)%). Q4 2025 adjusted EBITDA was $(0.5)M or negative 8.2% versus $(0.2)M or negative 6.5% in the same quarter last year.","length":268,"tagName":"p"}]},{"val":[{"type":"text","content":"Total cash and cash equivalents remain healthy at $3.0M as of December 31, 2025 (2024 ...

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