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20260420_FORE_Laporan Informasi dan Fakta Material_32071857_lamp2.pdf
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PT Fore Kopi Indonesia Tbk (FORE)
Press Release
FORE Records 60.5% YoY Net Profit Growth in 1Q26, Demonstrating
Resilience Amid Ramadan Low Season and Global Geopolitical Uncertainty
Jakarta, April 20, 2026 - PT Fore Kopi Indonesia Tbk (FORE), a leading F&B group managing the
Fore Coffee and Fore Donut brands, delivered another stellar quarter, recording a 60.5% YoY
increase in Net Profit to IDR 9.4 billion in 1Q26, up from IDR 5.9 billion in 1Q25. EBITDA grew
66.7% YoY to IDR 81.1 billion from IDR 60.0 billion in the prior-year period. These results were
underpinned by a 52.4% YoY jump in Revenue to IDR 444 billion, compared to IDR 292 billion in
1Q25, and were accompanied by meaningful margin expansion, with EBITDA margin widening to
18.3% from 16.7% and Net Profit margin growing on a YoY basis.
These results are particularly notable given the dual headwinds of the Ramadan low season and an
increasingly uncertain global geopolitical environment. The Company’s performance is a testament
to the resilience of its business model, the strength of its brand equity, and the execution excellence
of its team. Fore Coffee continued to expand its customer base and cement its position as the
preferred destination for premium-quality coffee at an accessible price point. Profitability
improvements were further supported by higher economies of scale.
Fore Coffee Indonesia continued its strategic store rollout, adding 20+ new outlets during 1Q26.
Notably, over 40% of these new openings were located in Tier 2 and Tier 3 cities, reflecting both the
growing demand for premium coffee experiences in these markets and Management’s commitment
to deploying IPO proceeds in accordance with its strategy. As of the end of 1Q26, Fore Coffee
Indonesia’s network had grown 35% YoY, reaching 338 active stores compared to 251 in 1Q25.
Fore Donut: Accelerating Footprint Growth
Following the successful launch of its first two outlets in 4Q25, Fore Donut opened five additional
locations during 1Q26. In 2026, the brand is focused on accelerating its footprint expansion to meet
growing consumer demand for its distinctively handcrafted products, made with quality local
ingredients. Building on its near-term plan to open at Soekarno-Hatta International Airport, Fore
Donut will also soon make its debut in Bandung and Surabaya, extending the brand's reach to
several of Indonesia's key markets.
Management Commentary
Vico Lomar, President Director, stated:
"Our 1Q26 results reflect the consistency of our approach: we hold firm to operational excellence,
we never compromise on product quality, and we are deliberate in how we allocate capital. Every
new store we open is the result of careful site selection and disciplined use of IPO proceeds, with a
clear focus on generating sustainable returns for our shareholders. Despite a challenging macro
environment this quarter, our team executed with precision, and the numbers speak for themselves.
We remain confident in the trajectory of the business and in our ability to continue delivering value
as we scale."
Willson Cuaca, President Commissioner, added:
"This quarter, FORE demonstrated extraordinary resilience. Not only was the quarter shortened by
an extended holiday period, but the evolving global geopolitical situation and ongoing conflict made
the operating environment highly unpredictable. Yet FORE's achievement of 60.5% growth
compared to the same quarter of the prior year demonstrates that Fore Coffee is the de-facto
hang-out place for Indonesians."
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Appendix:
Fore Donut: 7th store opening at Epiwalk (South Jakarta) in March 2026
About PT Fore Kopi Indonesia Tbk (FORE)
Established in 2018, PT Fore Kopi Indonesia Tbk (FORE) is a leading F&B group managing the Fore Coffee and Fore Donut
brands. The Company has proven a highly scalable business model targeting the Premium Affordable segment, marked by
its swift expansion to 300+ outlets across over 50 cities in Indonesia and Singapore.
FORE has pioneered a new culture, making premium quality local Indonesian coffee accessible. Its commitment to the local
coffee ecosystem is exemplified by product lines like ‘Kopi dari Tani’ (Coffee from Farmers) and ‘Aren Latte’ (Palm Sugar
Latte), which utilize materials sourced directly from local farmers and MSMEs. Furthermore, the company champions
environmental sustainability through reusable cups and dedicated in-store recycling collection points for used packaging.
The IPO in April 2025 successfully raised over IDR 353 billion. The net proceeds of over IDR 337 billion are strategically
allocated to funding the development of up to 140 new Fore Coffee outlets, 30 new Fore Donut outlets, and for essential
working capital, securing its path for future dominance.
For further information, please contact: Official Social Media:
Email: investor.relations@fore.coffee Instagram:
∙ fore.corporate
Official website: ∙ fore.coffee
www.fore.coffee ∙ forecoffee.sg
∙ fore.donut
∙ fore.career
Youtube: forecoffee
Disclaimer:
This press release is for informational purposes only and is not intended to be relied upon as a recommendation to buy, sell, or hold FORE's
shares. The information herein is general in nature and does not constitute investment advice. No representation or warranty, express or
implied, is made regarding the completeness, accuracy, or fairness of the information contained in this press release. All opinions and
estimates are our current opinions and are subject to change without notice. FORE, its affiliated companies, and their respective employees
are not responsible for any losses or damages arising from the use of, or reliance on, any part of this press release. We disclaim any liability
for errors, omissions, or inaccuracies that may occur. The information contained in this press release reflects the conditions as at the date of
publication. We are under no obligation to update or revise any information contained herein, whether as a result of new information, future
events, or otherwise, except as required by applicable laws and regulations.
Forward-Looking Statements:
This press release contains forward-looking statements. These statements, which may include words such as "targeting," "potential,"
"confident," "estimated," "plans," or any other similar words, are based on our current expectations and projections about future events. By
their nature, these statements involve risks and uncertainties that could cause actual results to differ materially from the expectations
expressed in this release. Factors that could cause such differences include, but are not limited to: 1) Economic, social, and political
conditions in Indonesia. 2) Industry-specific factors, such as the food and beverage market and competition. 3) Market and regulatory risks,
including fluctuations in foreign exchange and interest rates, and changes in laws or regulations. 4) Operational risks, such as raw material
costs, supply chain disruptions, and changes in customer demand. 5) Financial risks, including capital costs and the availability of financing.
Although management believes the expectations reflected in these statements are reasonable, we cannot guarantee their accuracy or that
they will be realized. You should not place undue reliance on these statements. They are valid only as of the date of this press release, and
we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or
otherwise. These forward-looking statements are made to provide insight into the management’s current views regarding the FORE’s outlook.
Readers are cautioned not to place undue reliance on such statements, as actual results may differ materially from those anticipated.
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Fore Kopi Indonesia Tbk
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