FORE COFFEE

Is opening a Tech-run Coffee shop how you stay relevant in 2026? IDX Listed 'FORE', Fore Coffee just beat Ramadan's slow season in Indonesia. Willson Cuaca, co-founder of East Ventures - one of Indonesia's most recognisable VC firms, who invested in Tokopedia, Traveloka, and Xendit - raised Fore Coffee with the founders of Otten Coffee, Robin Boe and Jhoni Kusno. Fore Coffee went public on the IDX in 2025, under 'FORE', raising $21M. 6 months after, they opened a subsidiary brand called Fore Donut under PT Cipta Favorit Indonesia. Indonesia is the world's largest Muslim country. Although it's not a religious state by law, the fasting month of Ramadan traditionally brings in massive drought in the F&B's daytime dining sector. However the rollout and expansion of Fore Donut coincided with the companys highest net profit growth of 60.5% YoY in Q1 this year, running on 66.7% EBITDA growth and 52.4% revenue growth. Following the AGM and Public Expose meeting in May, they announced a full-year target of 70% net profit growth and 50% revenue growth. This just might be how you stay relevant in 2026.