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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.”
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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: investor.relations@fore.coffee
