Stella International Holdings, the Hong Kong，China headquartered developer and manufacturer of footwear and leather goods products, announced on August 21 its interim results for the six months ending June 30, 2025.
The Group recorded a net profit of US$78.1 million (first half of 2024: US$91.5 million), including a marked-to-market net fair value gain of US$0.2 million on financial instruments related to the Lanvin Group. As of June 30, its net cash position was US$291.3 million, compared with a net cash position of US$326.1 million at the same period in 2024.
In the first half of 2025, its non-customer-exclusive manufacturing sites operated at close to full utilisation in the sports and high-end fashion segments. Revenue and shipment volumes increased by 0.7% and 3.8% year-on-year, despite a high-base effect resulting from early shipments of approximately one million pairs to certain customers in the corresponding period of last year. However, Stella faced some temporary gross margin pressures during the period, due to short-term efficiency issues associated with the ramp-up of the company’s expanded production capacities in Indonesia and the Philippines.
Lawrence Chen, Chairman of the Group, said: “We remain on track for sustained growth as we finalise our next three-year plan, starting in 2026. This includes our plan to scale up total capacity by an additional 20 million pairs (of footwear) and to accelerate the development of our handbag and accessories manufacturing business which we intend to establish as an important long-term growth driver.”
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