Companies

Stella International reports first-half results in line with expectations

Jul 20, 2026 Hong Kong

The Hong Kong-based group reported first-half results in line with expectations, with revenue up by 1.5% year-on-year, and announced that three new factories are on track to begin operating in the second half

“Our performance in the first half of 2026 was within our expectations, even against a backdrop of heightened geopolitical and economic uncertainties. Forward order visibility remains solid, supported by our customers’ ongoing attraction to our diversified manufacturing base and our ability to deliver differentiation, high quality and value”, said Mr. Chi Lo-Jen, Chief Executive Officer of the Group.

In the first half of the 2026 financial year, Stella Holdings recorded a consolidated revenue totalling 786.7 million US dollars, reflecting an increase of around 1.5% compared to the same period in the previous financial year. Revenue totalled 449.3 million US dollars in the second quarter alone, reflecting a year-on-year increase of around 1.2%.

The revenue of the footwear manufacturing business alone grew by 1.7% (766.6 million US dollars) and 1.4% (439.2 million US dollars) in the first half and second quarter, respectively, compared to the same periods in the 2025 financial year.

The group highlighted that shipment volumes “were flat, in line with expectations”, but that the average selling price increased “due to a higher ASP product mix within our Sports segment and increased raw material costs” in the six months ending on the 30^th of June.

Stella International also announced that its three new factories in Indonesia, Bangladesh and Vietnam are expected to begin operations in the second half of 2026. Together with its existing factory in Solo, Indonesia, they are expected to add around 20 million pairs of production capacity over the coming years, with most profit growth from the company’s 2026-2028 plan expected later in the period.

Image Credits. stella.com.hk

Hong Kong Companies Footwear Quarter Results Results Stella