Korean F&B brand Reddog posts 87.9% revenue growth in H1 2026
Operating profit climbed 142.9% to US$2.7m (IDR48.6b).
Reddog reported consolidated revenue of US$11m (IDR198.5b) for the first half of 2026, up 87.9% from a year earlier, as the Korean street-food operator continued its expansion in Indonesia and prepared for a possible public listing.
Operating profit climbed 142.9% to US$2.7m (IDR48.6b), with the operating margin widening to 24.5% from 18.9% in the same period last year.
The six-month revenue figure also nearly matched Reddog’s full-year audited revenue for 2025.
The company generated 97% of last year’s US$11.4m (IDR204.9b) revenue in just the first half of 2026.
Reddog said it is in talks with several Indonesian securities firms over a potential initial public offering on the Indonesia Stock Exchange (IDX), with a target timeline of early 2027.
The company has not appointed an underwriter or submitted a registration statement.
Any listing would depend on market conditions and regulatory approval from Indonesia’s Financial Services Authority (OJK) and the IDX.
The company is also moving beyond Indonesia. In April 2026, Reddog set up a global entity in Singapore and is scheduled to open its first Singapore outlet in August at a CapitaLand shopping mall.
The Singapore store is intended as a starting point for expansion into the wider ASEAN region.
Founded in 2019 and headquartered in Jakarta, Reddog operates and franchises more than 145 outlets across Indonesia, selling Korean street-food staples, including tteokbokki and Korean-style corn dogs.
(US$1 = IDR17,926)
