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

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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.