Jakarta, 13 May 2026 — PT Fore Kopi Indonesia Tbk (“the Company” or “FORE”), a publicly listed company in the food and beverage sector operating the Fore Coffee and Fore Donut brands, held its Annual General Meeting of Shareholders (AGMS) and Public Expose at Thamrin Nine Ballroom, Central Jakarta on Monday (11/05). The AGMS approved a number of key agenda items in support of the Company’s continued business growth.
The following resolutions were approved by shareholders at the AGMS:
- The approval and ratification of the Annual Report of the Company for the financial year ended on 31 December 2025 including the Activities Report of the Company, the Board of Commissioners Supervision Report and Financial Statements for the financial year ended on 31 December 2025, as well as the full release and discharge of the responsibility (acquit et de charge) to the Board of Commissioners and the Board of Directors of the Company on the management and supervision of the Company during the relevant financial year.
- The determination of the use of net profits for the financial year ended on 31 December 2025.
- The Appointment of the Public Accountant that will audit the financial statements of the Company for the year ended on 31 December 2026.
- The approval on the determination of salary, honorarium and other benefits for the members of the Board of Commissioners and the Board of Directors.
- Accountability Report on the Realization of the Use of Proceeds from the Company’s Initial Public Offering.
- Approval of the change of the Company’s address.
Performance and Business Fundamentals
Amid a dynamic economic environment, intense industry competition, and cost pressures throughout 2025, the Company delivered solid performance by focusing on strengthening its business fundamentals, improving operational efficiency, and pursuing measured expansion. The Company recorded revenue growth of 44% year-on-year (YoY) and net profit growth of 55% YoY, driven by strategic expansion that brought the total number of active stores of Fore Coffee Indonesia to 316 by end of 2025 — an increase of 37% YoY. EBITDA grew 58% YoY as profitability improved on the back of greater economies of scale.
The recently published Sustainability Report and Environmental, Social, and Governance (ESG) disclosure also highlights the Company’s tangible social impact. As of 31 December 2025, FORE’s total workforce exceeded 4,300 employees. As a labour-intensive business, FORE noted that 97% of its employees are under 30 years of age, 84% are graduates of senior high schools (SMA) and vocational high schools (SMK), and 45% are women. FORE provides a credible and inclusive formal career pathway for young talent through an intensive training programme for every barista and baker candidate. As a further expression of its commitment to human-resource development, the internal barista competition ‘Fore Grind Master’ was held for the third consecutive season in late 2025.
Vico Lomar as Chief Executive Officer (CEO) PT Fore Kopi Indonesia Tbk., said, “We extend our deepest appreciation to all shareholders for the trust and support extended at today’s AGMS. The ratification of the financial statements and approval of all agenda items affirm that the strategic direction we are pursuing carries the full mandate of our shareholders. We remain committed to placing operational excellence and consistent quality at the forefront of our strategy to sustain our competitiveness and market relevance.”
Willson Cuaca as Chairman, also added, “As we mark one year since FORE’s listing on the stock exchange, we remain committed to staying adaptive in the face of global geopolitical dynamics while preserving our local relevance. Guided by this principle, we consistently execute our long-term vision to deliver optimal value for shareholders. We are focused on three key ‘C’ pillars: Culture — to strengthen the Company’s foundation; Capability — to equip ourselves for future challenges; and Capacity — to deliver meaningful benefits for shareholders, our team, and the broader community.”
Business Outlook
At the Public Expose, the Company reaffirmed its sustainable business growth strategy, anchored on three key pillars: measured outlet expansion, product innovation, and business diversification. Business growth will be accompanied by the development of internal capabilities and an enhanced customer experience. ESG initiatives relating to the environment and community development will continue to be scaled in line with the Company’s business growth.
The Company will continue to monitor industry dynamics closely to ensure that all initiatives undertaken remain relevant and sustainable.
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PT Fore Kopi Indonesia, Tbk (FORE) – Company Information
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.
Media Contact Information:
Email: corporate.communication@fore.coffee
Website: www.fore.coffee
