KFC Indonesia Suffers Hundreds of Billions in Losses, Swelling Debt, and Declining Outlets

Jakarta, CNBC Indonesia — The performance of PT Fast Food Indonesia Tbk (FAST), the operator of the KFC network in Indonesia, continues to face heavy pressure throughout 2025. Although losses were successfully contained, the debt burden has instead surged sharply amid the closure of dozens of outlets.

Based on the 2025 consolidated financial report, FAST recorded a net loss of Rp369 billion, an improvement compared to the Rp798 billion loss in the previous year. However, this improvement is not yet sufficient to lift operational performance into positive territory.

Operationally, the company still recorded a business loss of Rp311 billion. Meanwhile, revenue was recorded as stagnant at around Rp4.88 trillion.

On the other hand, pressure is coming from the financial structure. FAST’s long-term bank debt has risen dramatically to Rp1.82 trillion in 2025, from only around Rp353 billion in the previous year.

Not only that, auditors have also highlighted material uncertainty regarding the going concern status. This is reflected in the position of short-term liabilities exceeding current assets by Rp1.3 trillion, as well as accumulated losses that have exceeded Rp507 billion.

Amid this pressure, FAST has also carried out business network adjustments. The number of outlets has shrunk to 690 at the end of 2025, from 715 outlets in 2024, or a reduction of around 25 outlets.

However, alongside this, FAST remains aggressive in capital expenditure. Cash flow for investment activities reached Rp1 trillion, mostly used for additions to fixed assets and renovations.

On the liquidity side, the company still recorded positive operating cash flow of Rp203 billion.