Win&Co Group (COCO) Expands International Presence in Thailand

Jakarta, May 2026 – PT Wahana Interfood Nusantara Tbk (IDX: COCO), widely known as Win&Co Group, continues to strengthen its international expansion strategy. This time, the Company has entered into a strategic partnership with Thailand-based distribution company Canaan Enterprises Co., Ltd.

Win&Co Group and Canaan Enterprises signed a Memorandum of Understanding (MoU) during THAIFEX 2026, one of Asia’s leading food and beverage trade exhibitions held in Bangkok, Thailand. Through this partnership, Canaan Enterprises will support the market development and distribution of various chocolate products manufactured by Win&Co Group throughout Thailand.

In addition, the collaboration carries a projected value of US$500,000 over the coming years. This initiative forms part of the Company’s broader strategy to expand its international footprint while introducing Indonesian chocolate products to a wider global audience.

Thailand Emerges as a Strategic Market in Southeast Asia

Canaan Enterprises Co., Ltd. operates as a food and beverage distribution company with an extensive network across both the retail and food service sectors in Thailand.

Meanwhile, Thailand remains one of the largest food and beverage markets in Southeast Asia. The country’s confectionery, bakery, café, and premium dessert sectors continue to experience strong growth, creating attractive opportunities for international brands.

Given these market conditions, Win&Co Group views Thailand as a highly promising destination for expansion. The continued growth of bakery, pastry, dessert, café, and premium confectionery businesses further strengthens the market potential for chocolate products.

Thailand’s Chocolate Market Continues to Grow

In addition to its strong food and beverage industry, Thailand’s chocolate market continues to demonstrate significant growth potential. Industry reports estimate that the market will grow at a CAGR of 5.30% between 2026 and 2034.

Thailand’s chocolate market reached approximately US$271 million in 2025. Furthermore, analysts project the market value to increase to US$431.34 million by 2034.

As a result, Win&Co Group sees a substantial opportunity to expand the presence of Indonesian chocolate products in Thailand. The market’s growth reflects increasing consumer demand for premium chocolate and high-quality food products.

“Thailand is one of Southeast Asia’s most strategic markets, supported by a dynamic premium food and beverage industry. Through this partnership, we see significant opportunities to expand the reach of Indonesian chocolate products while strengthening Win&Co Group’s positioning in international markets. We are confident that the quality of Indonesian cocoa and the Company’s product innovations will be well received in Thailand and across the region,” said Muyassar Lidinilhaq, Manager of International Business at Win&Co Group.

Promoting Indonesian Cocoa on the Global Stage

Beyond expanding its international market reach, this partnership also supports the Company’s efforts to introduce the quality and potential of Indonesian cocoa to global markets.

Indonesia ranks among the world’s largest cocoa-producing countries. Moreover, Indonesian cocoa offers unique and complex flavor characteristics, making it highly suitable for the development of premium chocolate products.

Furthermore, Win&Co Group has positioned international expansion as one of the key pillars of its long-term growth strategy. As global demand for premium chocolate products continues to rise, opportunities for Indonesian cocoa-based products are expected to expand further.

Therefore, the Company remains confident in its ability to compete globally through product quality, continuous innovation, and authentic flavor differentiation.

Commitment to Sustainable Growth

In line with its ongoing business transformation, Win&Co Group remains committed to strengthening innovation and maintaining high product quality across all business segments.

Additionally, the Company plans to further expand its distribution network in both domestic and international markets. Through these initiatives, Win&Co Group aims to achieve sustainable business growth while creating greater value for stakeholders.