FORE – Coffee grows revenue by 47% yoy and adds 29 new stores

FORE – Coffee grows revenue by 47% yoy and adds 29 new stores Fore Kopi Indonesia (FORE) booked an IDR662 bn in revenue in 1H25, rising 47% yoy, driven by aggressive outlet expansion and operational efficiency. Net profit also rose 29% yoy to IDR42 bn, nearly matching its earnings for the first nine months of 2024, showing signs of accelerated profitability. The company opened 29 new outlets in 1H25, bringing its total to 261 outlets, and targets 70 new outlets by the end of 2025. FORE has allocated IDR222 bn in capex for 2025, with 80% going to outlet expansion, including both Fore Coffee and the newly introduced Fore Donut concept, launching in 3q25 in Jabodetabek, Bandung, and Surabaya. As outlined in its IPO prospectus, FORE plans to open around 140 new outlets using IDR275 bn of IPO proceeds, with a breakdown of 10% Flagship, 80% Medium, and 10% Satellite formats. Funds will also cover renovations and equipment procurement across Java, Sumatra, Kalimantan, Sulawesi, and Bali, with phased deployment through 2025–2026. (Source : Bisnis Indonesia)