Jakarta, April 20, 2026 – PT Fore Kopi Indonesia Tbk (FORE), a leading F&B group managing the Fore Coffee and Fore Donut brands, delivered another stellar quarter, recording a 60.5% YoY increase in Net Profit to IDR 9.4 billion in 1Q26, up from IDR 5.9 billion in 1Q25. EBITDA grew 66.7% YoY to IDR 81.1 billion from IDR 60.0 billion in the prior-year period. These results were underpinned by a 52.4% YoY jump in Revenue to IDR 444 billion, compared to IDR 292 billion in 1Q25, and were accompanied by meaningful margin expansion, with EBITDA margin widening to 18.3% from 16.7% and Net Profit margin growing on a YoY basis.
These results are particularly notable given the dual headwinds of the Ramadan low season and an increasingly uncertain global geopolitical environment. The Company’s performance is a testament to the resilience of its business model, the strength of its brand equity, and the execution excellence of its team. Fore Coffee continued to expand its customer base and cement its position as the preferred destination for premium-quality coffee at an accessible price point. Profitability improvements were further supported by higher economies of scale.
Fore Coffee Indonesia continued its strategic store rollout, adding 20+ new outlets during 1Q26. Notably, over 40% of these new openings were located in Tier 2 and Tier 3 cities, reflecting both the growing demand for premium coffee experiences in these markets and Management’s commitment to deploying IPO proceeds in accordance with its strategy. As of the end of 1Q26, Fore Coffee Indonesia’s network had grown 35% YoY, reaching 338 active stores compared to 251 in 1Q25.
Fore Donut: Accelerating Footprint Growth
Following the successful launch of its first two outlets in 4Q25, Fore Donut opened five additional locations during 1Q26. In 2026, the brand is focused on accelerating its footprint expansion to meet growing consumer demand for its distinctively handcrafted products, made with quality local ingredients. Building on its near-term plan to open at Soekarno-Hatta International Airport, Fore Donut will also soon make its debut in Bandung and Surabaya, extending the brand’s reach to several of Indonesia’s key markets.
Management Commentary
Vico Lomar, President Director, stated:
“Our 1Q26 results reflect the consistency of our approach: we hold firm to operational excellence, we never compromise on product quality, and we are deliberate in how we allocate capital. Every new store we open is the result of careful site selection and disciplined use of IPO proceeds, with a clear focus on generating sustainable returns for our shareholders. Despite a challenging macro environment this quarter, our team executed with precision, and the numbers speak for themselves. We remain confident in the trajectory of the business and in our ability to continue delivering value as we scale.”
Willson Cuaca, Chairman, added:
“This quarter, FORE demonstrated extraordinary resilience. Not only was the quarter shortened by an extended holiday period, but the evolving global geopolitical situation and ongoing conflict made the operating environment highly unpredictable. Yet FORE’s achievement of 60.5% growth compared to the same quarter of the prior year demonstrates that Fore Coffee is the de-facto hang-out place for Indonesians.”
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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.
Contact information:
Email: investor.relations@fore.coffee
Website: www.fore.coffee
