THE LEADERSHIP PLAYBOOK
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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Published Fri, Feb 6, 2026 · 11:00 AM
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[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.
