Stella International (STELLA HOLDINGS) Q1 2026 Revenue Rises 1.9% on Higher ASP, New Capacity Underway

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Stella International Holdings Limited reported unaudited consolidated revenue of USD 337.40 million for the three months ended 31 March 2026, a 1.9% year-on-year increase from USD 331.00 million.

Footwear manufacturing remained the core contributor, generating USD 327.40 million, up 2.2% versus the prior-year period. Shipment volume slipped 1.7% to 11.90 million pairs, but average selling price advanced 3.8% to USD 27.40 per pair, reflecting a richer sports-footwear mix.

The Group is executing a Three-Year Plan (2026–2028) focused on commissioning three new factories in Indonesia, Bangladesh and Vietnam during 2026, in addition to its existing Solo plant in Indonesia. The four facilities are expected to add approximately 20.00 million pairs of annual capacity, with start-up targeted for the second half of 2026. Management characterises 2026 as an “investment year,” projecting material profit contributions from the expanded footprint in the later stages of the plan.

On capital allocation, Stella International reiterated its intention to return up to USD 60.00 million to shareholders in 2026 through a mix of share repurchases and special dividends, while maintaining a regular dividend payout ratio of roughly 70%.

The Board affirmed that the new capacity build-out and shareholder-return program remain on schedule as of 16 April 2026.

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