Financial Highlights

Key financial data and ratios

Annual Report Financial Highlights
Public Information Disclosure
Share Ownerships Analyst Coverage
Prospectus Supporting Professionals
Frequently Asked Questions
Annual Report Financial Highlights Public Information Disclosure Share Ownerships Analyst Coverage
Prospectus Supporting Professionals Frequently Asked Questions

Financial Highlights

(in millions of Rupiah unless stated otherwise)

Number of active stores FY21 FY22 FY23 FY24 FY25 1H25 1H26
Total 96 122 173 232 322 261 377
Fore Coffee Indonesia 96 122 173 231 316 259 363
Fore Donut 0 0 0 0 2 0 10
Fore Coffee Singapore 0 0 0 1 4 2 4
Income Statement (IDRmn) FY21 FY22 FY23 FY24 FY25 1H25 1H26
Net Sales Revenue 107,367 286,715 482,071 1,038,659 1,497,135 662,373 1,004,935
Gross Profit 61,073 168,589 302,180 634,903 924,319 409,261 622,015
EBITDA 683 27,979 67,936 189,781 300,049 130,636 216,046
Operating Income (33,320) (25,719) 67 66,415 105,762 45,643 82,206
Earnings Before Tax N/A N/A (2,359) 52,958 103,662 41,413 78,107
Net Income (33,808) (59,931) 1,155 58,219 90,133 42,031 56,489
Balance Sheet (IDRmn) FY21 FY22 FY23 FY24 FY25 1H25 1H26
Total Current Assets 36,952 44,131 84,312 165,175 484,955 522,013 462,998
Cash on hand and in banks 11,716 17,710 26,907 63,031 327,531 400,307 263,964
Inventories - net 14,586 18,514 46,832 87,190 134,623 96,958 145,786
Accounts rcvbls & others 10,650 7,907 10,572 14,954 22,802 24,749 53,247
Total Non-Current Assets 124,114 133,853 255,132 475,585 675,216 502,035 796,377
Fixed assets - net 62,300 67,107 119,189 188,831 301,920 213,636 362,381
Right-of-use assets - net 53,902 57,780 119,346 242,303 320,267 244,905 371,063
Restricted cash & others 7,913 8,967 16,597 44,450 53,029 43,494 62,933
Total Assets 161,066 177,985 339,444 640,760 1,160,172 1,024,048 1,259,375
Total Current Liabilities 55,239 402,136 154,814 273,324 360,382 279,320 377,515
LT loan to related parties 0 313,702 2,998 19,754 0 9,018 0
Bank loan 0 0 0 10,811 10,858 10,811 9,982
Lease liabilities 20,182 26,101 48,834 79,820 99,684 80,565 105,289
Trade, tax pybls & others 35,057 62,333 102,983 162,940 249,840 178,925 262,244
Total Non-current Liabilities 352,035 81,653 107,145 114,313 119,202 111,468 144,166
LT loan to related parties 327,354 62,924 74,082 0 0 0 0
Bank loan 0 0 0 16,193 5,335 10,738 756
Lease liabilities 23,757 17,711 31,166 91,095 102,211 91,304 129,354
Employee benefits 924 1,019 1,896 7,025 11,656 9,425 14,056
Total Liabilities 407,274 483,789 261,959 387,637 479,584 390,788 521,681
Net cash (debt) 11,716 17,710 26,907 36,027 311,339 378,757 253,226
Net Equity (246,208) (305,804) 77,485 253,123 680,588 633,260 737,693
Issued and fully paid capital 19,742 19,742 361,687 492,685 624,285 624,285 624,285
Additional paid-in capital 0 0 32,989 27,416 233,016 233,016 233,016
Accumulated losses (265,950) (325,546) (324,545) (267,001) (177,797) (224,040) (121,308)
Others 0 0 7,354 23 1,084 0 1,701
Total Liabilities and Equity 161,066 177,985 339,444 640,760 1,160,172 1,024,048 1,259,375
Growth FY21 FY22 FY23 FY24 FY25 1H25 1H26
Revenue Growth (%) N/A 167 68.1 115.5 44.1 N/A 51.7
EBITDA Growth (%) N/A 3,997.2 142.8 179.4 58.1 N/A 65.4
Net Profit Growth (%) N/A N/A N/A 4,941 54.8 N/A 34.4
Profitability FY21 FY22 FY23 FY24 FY25 1H25 1H26
Gross Profit Margin (%) 56.9 58.8 62.7 61.1 61.7 61.8 61.9
EBITDA Margin (%) 0.6 9.8 14.1 18.3 20.0 19.7 21.5
Operating Profit Margin (%) N/A N/A 0.0 6.4 7.1 6.9 8.2
Net Profit Margin (%) (31.5) (20.9) 0.2 5.6 6.0 6.3 5.6