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Kopi Kenangan is profitable now, but its CEO thinks his pitfall was ‘too much funding’ at the start

The coffee chain is starting – but not rushing – its global roll-out early to future-proof the business

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Lionel Lim

Lionel Lim

Published Fri, Feb 6, 2026 · 11:00 AM
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    • Kopi Kenangan co-founder and CEO Edward Tirtanata says the group is considering expansions into new markets such as Taiwan and the Middle East.
    • Kopi Kenangan co-founder and CEO Edward Tirtanata says the group is considering expansions into new markets such as Taiwan and the Middle East. PHOTO: TAY CHU YI, BT

    The strategies and stories that shape today’s leaders.

    [SINGAPORE] Kopi Kenangan, one of Indonesia’s largest and fastest-growing coffee chains, clocked a milestone recently: its first full-year profit, for the year ended Dec 31, 2025.

    This is a significant milestone for any startup, but an even more remarkable one for the chain, given its net loss of 452.2 billion rupiah (S$34.25 million) just three years earlier, in 2022.

    The Leadership PlaybookKopi KenanganIndonesiaCoffee

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