Published:
Fore Coffee posts net profit of $3.6m in FY2024
Its revenue has also more than doubled, bringing in $64m (IDR1.04t).
Indonesian coffee chain Fore Coffee posted a net profit of $3.6m (IDR58.2b) for the financial year 2024 (FY 2024).
The company has also more than doubled its revenue, bringing in $64m (IDR1.04t), a 115% increase from the previous year.
The jump in earnings was driven by a 35% increase in store count, reaching 232 by the end of 2024.
Fore Coffee’s equity as of 31 December 2024 rose by 227% year-on-year (YoY) to $15.6m (IDR253.12b), whilst its liabilities grew 48% YoY to $23.9m (IDR387.64b).
This pushed total assets to $39.5m (IDR640.76b), an 89% increase from the previous year.
