FORE's Q1 2026 Profit Surges 60.5%, Stores Expand and Growth Accelerates
PT Fore Kopi Indonesia Tbk (FORE) reported a 60.5% year-on-year increase in net profit for the first quarter of 2026, reaching Rp9.4 billion. This performance is noteworthy as it demonstrates continued business growth amid the Ramadan period and global uncertainties.
FORE operates in the food and beverage sector, running coffee shops under the Fore Coffee brand and the Fore Donut business line.
According to disclosures to the Indonesia Stock Exchange (BEI) and the Financial Services Authority (OJK) on 20 April 2026, the company also recorded a 52.4% increase in revenue to Rp444 billion from Rp292 billion in the same period last year.
EBITDA rose 66.7% to Rp81.1 billion. The EBITDA margin also improved to 18.3% from 16.7% previously, indicating better operational efficiency.
Chief Executive Officer Vico Lomar stated that every new store opening is conducted through careful location selection and disciplined use of IPO funds, with a focus on sustainable returns.
Chairman Willson Cuaca noted that this quarter’s performance shows the business’s resilience amid challenging operational conditions.
Store Expansion Continues
On the expansion front, Fore Coffee added more than 20 new stores during the first quarter of 2026. Over 40% of the new openings were in tier-2 and tier-3 cities. As of the end of March 2026, the total number of active stores reached 338 units, up 35% from 251 stores the previous year.
Fore Donut also added five new locations in the first quarter of 2026 and plans to expand its network to Bandung, Surabaya, and Soekarno-Hatta Airport.
Key Points
Net profit grew by double digits
Revenue increased by over 50%
Added 20+ new stores
Expansion heavily into tier-2 and tier-3 cities
Fore Donut continues to add new locations
In conclusion, FORE recorded strong growth in profit and revenue in the first quarter of 2026. This performance was supported by store expansion, operational efficiency, and development of new business lines.