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PT Fore Kopi Indonesia Tbk (FORE)
Press Release
FORE’s Net Profit Surged 55% YoY in FY25, Driven by Strategic Expansion
and Disciplined IPO Fund Utilization
Jakarta, March 30, 2026 - PT Fore Kopi Indonesia Tbk (FORE), the parent company of the Fore
Coffee and Fore Donut brands, recorded a stellar 55% YoY increase in net profit, reaching IDR 90.1
billion for the FY25 period. EBITDA surged 58% YoY to IDR 300 billion, from IDR 190 billion recorded
in FY24. In addition to the expansion of EBITDA margin to 20% from 18.3% in FY24, this growth was
driven by a 44% YoY jump in Revenue, reaching IDR 1.5 trillion compared to IDR 1.04 trillion in
FY24.
This strong financial performance was underpinned by the strategic expansion of Fore Coffee
Indonesia, which added 90+ new stores throughout 2025. Notably, 60+ of these outlets were
established post the IPO in April, fulfilling the management's commitment to shareholders regarding
the strategic use of IPO proceeds. By the end of 2025, Fore Coffee Indonesia’s network grew 37%
YoY, totaling 316 active stores compared to 231 at the close of 2024.
New Growth Horizons: Fore Donut
In late 2025, the company achieved a significant milestone by launching its first two Fore Donut
outlets in Supermall Karawaci (Tangerang) and Panglima Polim (South Jakarta). Following a warm
market reception, the brand’s momentum carried into March 2026 with the opening of its 7th location
in Epiwalk (South Jakarta). This successful diversification demonstrates the company’s ability to
execute organic growth initiatives and capture new market segments.
Management Commentary
Vico Lomar, President Director, stated:
"Our FY25 results reflect our commitment to operational excellence and our agility in responding to
market demands. By successfully integrating 90+ new stores into our ecosystem, we have not only
expanded our footprint but also strengthened our brand equity. We remain focused on delivering
premium affordable coffee experiences while ensuring that every rupiah of our IPO capital translates
into sustainable value for our stakeholders."
Willson Cuaca, President Commissioner, added:
"The Board is pleased with the management's execution of the post-IPO roadmap. The ability to
launch the widely successful Fore Donut proved that the FORE team’s innovation engine is working.
We are confident in our ability to sustain value creation for all stakeholders,"
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Appendix:
Fore Donut: Supermall Karawaci & Panglima Polim
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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