FORE – Opens 20 new stores in 1Q26

FORE – Opens 20 new stores in 1Q26 Fore Kopi Indonesia's (FORE) President Director, Vico Lomar, announced that the company aggressively expanded its network by opening 20 new Fore Coffee stores and five Fore Donut locations in 1Q26. Over 40% of these new coffee shops are strategically located in tier 2 and tier 3 cities, bringing the company's total network to 338 stores, which reflects a 35% yoy growth. Based on the company's unaudited interim report, the Director also highlighted a solid financial trajectory, with net profit surging by 60.47% yoy to IDR9.43 bn. This bottom-line growth was driven by a 52.34% yoy increase in net sales to IDR444.45 bn and a 66.7% yoy rise in EBITDA to IDR81.1 bn. Management attributed this robust performance to the disciplined utilization of IPO proceeds and precise location selection, allowing the company to maintain growth despite a shorter operational quarter. (Source : Investor Daily)