Back to announcement
20260720_FORE_Laporan Informasi dan Fakta Material_32113394_lamp2.pdf
Other Text extracted FORESource file signed link, expires in 15 minutes
Extracted text 2
Page 1
PT Fore Kopi Indonesia Tbk (FORE)
Press Release
FORE Reports 65% EBITDA Growth and 34% Net Profit Growth in 1H26 as
Revenue Crosses IDR 1 Trillion
Jakarta, July 20, 2026 – PT Fore Kopi Indonesia Tbk (FORE), a leading F&B group managing the
Fore Coffee and Fore Donut brands, delivered another period of strong growth in the first half of
2026, underscoring the resilience of its business model amid a dynamic operating environment.
Revenue surged 52% YoY to IDR 1 trillion, supported by a 44% YoY expansion in total active
stores. EBITDA soared 65% YoY to IDR 216 billion from IDR 131 billion in the prior-year period, as
EBITDA margin widened to 21.5% from 19.7% in 1H25. Net profit grew 34% YoY to IDR 56.5
billion, up from IDR 42 billion a year earlier.
Fore Coffee Indonesia continued its strategic store rollout, adding more than 40 new outlets during
1H26; over 40% of which were located in Tier 2 and Tier 3 cities. This reflects both the growing
demand for premium coffee experiences in these markets and Management's commitment to
deploying IPO proceeds in accordance with its strategy. Total active stores under Fore Coffee
Indonesia reached 363, up from 259 in 1H25. Together with 10 active Fore Donut stores and 4
active Fore Coffee Singapore stores, the Group's network now spans 377 stores across more than
60 cities.
FORE's 1H26 results reaffirm the strength of its Premium Affordable business model that combines
brand equity, operational discipline, and consistent execution across its growing network. Fore
Coffee continued to broaden its customer base, solidifying its role as Indonesia's preferred
destination for premium-quality coffee at an accessible price point, while profitability was further
lifted by greater economies of scale.
Fore Donut: Building Trust Through Halal Certification and Continued Expansion
Building on the successful launch of its first two outlets in 4Q25, Fore Donut opened 8 additional
locations during 1H26, continuing its rapid rollout, including its debut in a new city, Surabaya. The
brand's receipt of halal certification in early July 2026 marks a key milestone, reinforcing consumer
trust as demand grows for its distinctively handcrafted products made with honest, humble local
ingredients. Fore Donut is set to open at Soekarno-Hatta International Airport next, followed by its
debut in Bandung, further extending the brand's reach across Indonesia's key markets.
Management Commentary
Vico Lomar, President Director, stated:
"Our 1H26 results are a direct reflection of the discipline we bring to every part of the operation —
from product consistency to the customer experience at every store. We are equally disciplined in
capital allocation, ensuring every rupiah of IPO proceeds and every new store opening is deployed
with a clear line of sight to shareholder returns. This half's performance shows that operational
excellence and shareholder value creation are not separate goals for us — they are the same
goal."
1
Page 2
Appendix:
Fore Donut: Opening of Its 10th Outlet at Tunjungan Plaza, Surabaya in June 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 60 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 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:
www.fore.coffee ∙ 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.
***
2
Names mentioned 2 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Fore Kopi Indonesia Tbk
p.1 ×8
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.