Highlands Coffee plans to list within next two years

Highlands Coffee plans to list within next two years

Highlands Coffee plans to list within the next 18-24 months, but the specific plan hasn't been developed.

A view of a Highlands Coffee shop. — Photo courtesy of the company

Highlands Coffee plans to go public within the next 18-24 months, but the specific plan hasn't been developed.

According to Zing News, Tim Seltzer, CFO of Highlands Coffee, said that the company is committed to the listing goal, so that it can share success with all employees, customers and partners, while opening up opportunities to attract investment and promote future growth.

According to Seltzer, the choice of a trading floor for its listing will be based on the most suitable factor to support growth ambitions as well as maintain core values. The company will continue to promote Vietnamese coffee globally, always preserve the identity, origin and pride of Việt Nam.

The company’s goal is not only to list the business but also target to continually increase the company’s value exponentially three, five or even 10 years after the IPO.

Highlands Coffee currently owns a system of more than 900 coffee shops in Việt Nam and 53 coffee shops in the Philippines, and exports packaged coffee to more than 20 international markets.

The company has also just inaugurated a 24,000sq.m coffee roasting factory in Phú Mỹ II Industrial Park, Bà Rịa-Vũng Tàu Province with a total investment of nearly VNĐ500 billion (US$19.2 million), which has an expected capacity of 75,000 tonnes of coffee per year when it is put into stable operation.

Highlands Coffee recorded an average daily sale of about VNĐ16-17 million per store in Q1 2025, higher than the average result in 2024 of VNĐ15-16 million. The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) reached more than VNĐ297 billion in Q1 2025, up 5.7 per cent over the same period. 

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