Companies

Stella reports third quarter volume growth on solid sports demand

Oct 21, 2025 Hong Kong

The Hong Kong-based footwear manufacturer has reported a 7.8% year-on-year increase in footwear shipments in the third quarter of the year, driven by solid sports demand

In the three months to the 30^th of September, Stella International Holdings reported unaudited consolidated revenue of 404.2 million US dollars, reflecting a 3.7% increase, as compared to the same period last year. In the first nine months of the year, consolidated revenue totalled 1.18 billion US dollars, marking a 1.7% year-on-year increase.

The footwear manufacturing business alone recorded a year-on-year increase in third quarter revenue of 3.6%, reaching 391.6 million US dollars.

This figure reflects a 7.8% increase in footwear shipments and a 3.8% decrease in average selling price, primarily driven by the sports segment, which has a lower average selling price (ASP) and solid demand from new customers, as well as a low base effect, emphasised the company.

In this trading update, Stella noted that it had successfully overcome initial challenges in scaling up production in Indonesia and the Philippines. This has provided insights that will support the launch of new facilities, which are set to begin operations in late 2026.

“We are close to finalising our next Three-Year Plan (2026- 2028), which includes our intention to scale-up total production capacity by an additional 20 million pairs starting from this year”, said Lawrence Chen, Chairman of the Group. “We remain focused on acquiring and ramping up new customers, particularly in the Luxury, high-end Fashion and Sports categories”, he concluded.

Image Credits: Sergio Guardiola Herrador on Unsplash

Hong Kong Companies Footwear Manufacturing Quarter Results Results Stella