Fore Coffee (FORE) Sustains Strong Profit Surge with 42% Growth to Rp 60.1 Billion
Key Takeaways
|
JAKARTA, Investortrust.id — PT Fore Kopi Indonesia Tbk, or Fore Coffee, has sustained its rapid earnings momentum, booking a 42% increase in net profit to Rp 60.1 billion up to the third quarter of 2025, compared with Rp 42.34 billion in the same period last year. Despite this strong growth, earnings per share slipped slightly from Rp 8.08 to Rp 7.51.
The local coffee chain also recorded a robust 62% year-on-year rise in EBITDA to Rp 200.5 billion, compared with Rp 123.62 billion in the third quarter of 2024. The sharp increase underscored Fore Coffee’s solid fundamentals amid a dynamic macroeconomic environment.
Fore Coffee President Director Vico Lomar said the performance was driven by strong revenue growth, which surged 43% year on year to Rp 1.04 trillion by September 2025 from Rp 727.37 billion in the same period last year. He attributed the result to aggressive network expansion and an adaptive business strategy.
“Impressive EBITDA and profit performance have been supported by high revenue growth of 43% year on year. Our rapid store expansion has enabled Fore Coffee to remain resilient amid changing market conditions,” Vico said in an official statement in Jakarta on Thursday, Oct 23, 2025.
The achievement reinforced Fore Coffee’s position as one of Indonesia’s leading retail coffee chains, capable of sustaining high growth and profitability despite stiff competition from both local and international brands.
Operationally, the company launched its first Fore Donut outlet at Supermall Karawaci, which sold out consistently during its opening month. The brand considers Fore Donut a promising new category within its existing coffee business.
Fore Coffee also opened more than 60 new outlets during the first nine months of this year, bringing its total to 290 stores across more than 50 cities in Indonesia and Singapore. The company said it successfully maintained quarter-on-quarter growth through consistent execution and innovation.
Source: InvestingPro, data as of the time of publication. Disclaimer: Market data, price targets, and valuation models are subject to change and may differ across platforms. Investors are advised to verify figures with official exchange disclosures before making investment decisions.
Valuation
At the close of trading, Fore Coffee (FORE) was priced at Rp 535 per share, down 1.83% from the previous session. The stock has traded within a 52-week range of Rp 252 to Rp 800. Based on eight InvestingPro valuation models, the company’s fair value is estimated at an average of Rp 605.16, implying a potential upside of about 13.1%.
Despite trading at a high earnings multiple, Fore Coffee maintains strong fundamentals, holding more cash than debt on its balance sheet and posting impressive gross profit margins.