FORE Records IDR 1.6 Trillion Revenue, with EBITDA Growing 71% YoY in 9M26

Jakarta, October 20, 2026 – PT Fore Kopi Indonesia Tbk (FORE), an F&B group operating the Fore Coffee and Fore Donut brands, recorded solid financial performance through 9M26, supported by improved profitability and continued store network expansion.

Revenue increased 53.3% year-on-year (YoY) to IDR 1.6 trillion from IDR 1.04 trillion in the same period last year. EBITDA grew 70.6% YoY to IDR 342.2 billion, with the EBITDA margin improving to 21.4% from 19.3%. Net profit also rose 49.7% YoY to IDR 90 billion. The Company’s net sales, gross profit, and EBITDA during 9M26 have surpassed full-year realization for the FY25 period.

Fore Coffee Indonesia continued to expand its network, adding more than 70 new stores during 9M26, bringing its active store count to 388. Store openings have already exceeded the initial full-year 2026 target of 70 new stores. More than 55% of the new stores were opened in Tier 2 and Tier 3 cities, in line with the Company’s strategy to broaden its market reach. In total, the Group’s network comprised 410 stores, consisting of 388 Fore Coffee stores in Indonesia, 5 stores in Singapore, and 17 Fore Donut stores.

Fore Donut: Sustained Expansion Strengthens Business Diversification

Since its launch in September 2025, Fore Donut has continued to expand its reach and is now present in Jakarta, Tangerang, Bekasi, Bogor, Bandung, and Surabaya. From January to September 2026, the brand added 15 new stores, comprising 11 stores in the Greater Jakarta area and two each in Bandung and Surabaya. Most recently, the expansion reached Bogor through two locations: Living World Kota Wisata and Cibinong City Mall. In line with the network growth, Fore Donut also introduced product innovations through the launch of the “Crumbs & Crunch Series” for the donut category and “The Layered Pairings” for the beverage category in the third quarter of2026. This network expansion and product innovation are part of the Company’s strategy to broaden its consumer reach while strengthening the diversification of the Group’s business portfolio.

Management Commentary

Vico Lomar, President Director, stated:

“The Company’s performance from January to September 2026 reflects our continued commitment to operational discipline and product quality. Our focus extends beyond network expansion to improving the productivity of each store. We also remain committed to good corporate governance (GCG) and prudent capital management, including the use of IPO proceeds in line with the Company’s strategy. Going forward, we will continue to strengthen our operations and grow our business sustainably to create long-term value for all stakeholders.”