Disciplined growth makes Indonesia’s Fore Coffee an attractive investment

Nine-month net sales, gross profit and EBITDA all surpassed full-year 2025 levels for the premium Indonesian operator

Photo: Fore Coffee

Nine-month net sales, gross profit and EBITDA all surpassed full-year 2025 levels for the premium Indonesian operator

Eighteen months after listing on the public markets, Fore Coffee’s stock continues to rise.

The Jakarta-based coffee chain, which raised Rp 353bn ($21m) in its April 2025 IPO, posted soaring third-quarter earnings, with nine-month revenues, EBITDA, and profits all surpassing full-year 2025 levels.

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