The Indonesian espresso chain has posted vital earnings progress after elevating tens of tens of millions of {dollars} in April 2025
In March 2026, Fore Espresso dominated out franchising in favour of protecting operations beneath direct management. Whereas the Jakarta-based chain has some approach to go earlier than it could problem Indonesia’s largest espresso chains in dimension, its disciplined strategy to progress means the enterprise is in a robust monetary place to seize higher market share.
The mid-market operator achieved 44% year-on-year income progress throughout the 12 months ended 31 December 2025 to Rp 1.5trn ($88m).
After investing to increase its retailer community by 37% year-on-year to achieve 316 websites, Fore’s annual earnings additionally soared.
Web revenue elevated 55% year-on-year to Rp 90.1bn ($5.3m), whereas group EBITDA surged 58% throughout the interval to Rp 300bn ($17.6m).
“Our FY25 outcomes replicate our dedication to operational excellence and our agility in responding to market calls for. By efficiently integrating over 90 new shops into our ecosystem, we’ve not solely expanded our footprint but additionally strengthened our model fairness,” stated Vico Lomar, CEO, Fore Espresso.
Fore accelerated outlet progress after elevating Rp 353bn ($21m) in an oversubscribed IPO in April 2025, opening practically 60 shops within the second half of the yr. These included new specialty coffee-focused Fore Expertise retailer and food-led Fore Donut shops.
The espresso chain achieved a valuation of Rp 1.6trn ($95m) following its public itemizing and introduced plans to make use of the funds raised to open 140 new shops by 2027.
“We stay targeted on delivering premium reasonably priced espresso experiences whereas guaranteeing that each rupiah of our IPO capital interprets into sustainable worth for our stakeholders,” Lomar added.
Regardless of including practically 100 web new shops in 2025, Fore has some approach to go to problem Indonesia’s branded espresso store market leaders when it comes to shops.
World Espresso Portal analysis exhibits the entire Indonesian branded espresso store market grew by greater than 670 shops final yr to surpass 7,000 shops.
The section is led by Janji Jiwa and Kopi Kenangan, which have 1,100 and 1,000 shops, respectively, whereas fellow home chains Tomoro Espresso and Lain Haiti every opened 50 websites every final yr to attain 650 and 550 shops.
World Espresso Portal forecasts that the Indonesian branded espresso store market will surpass 10,400 shops by the top of 2030.
