Stella International Holdings, the Chinese Hong Kong headquartered developer and manufacturer of footwear and leather goods products, has reported modest growth in 2025, with shipment volumes rising 3.8% and revenue increasing 1.6% to US$1.57 billion, driven primarily by its sports segment and new customer demand.
Despite this uptick in volumes, profitability was impacted by production inefficiencies linked to the ramp-up of new facilities in Indonesia and the Philippines, alongside tariff support provided to certain U.S. customers. Net profit for the year stood at US$137 million, with an operating margin of 9.5%.
Looking ahead, Stella outlined a three-year plan (2026–2028) focused on diversifying its customer base and expanding manufacturing capacity. The company plans to scale production for both sports and high-end fashion clients while strengthening R&D capabilities in Vietnam. New factories in Indonesia, Bangladesh and Vietnam are expected to add around 20 million pairs of capacity over time.
The company also aims to grow its handbag and accessories business following the acquisition of a high-end factory in Vietnam in 2025.
For 2026, Stella expects ongoing headwinds from the global tariff environment and anticipates it will be a key investment year, with only modest contributions from new facilities. However, it remains confident that strong demand from sports and luxury customers, combined with its diversified manufacturing base, will support continued growth and customer acquisition.
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