Stella International (F.Y. 2024-2025)
Executive Summary
Stella International is the leading developer and manufacturer of premium footwear and leather goods. This company supplies to world’s top sports, fashion, luxury, and casual footwear brands. The company provides end-to-end services such as design, product development, commercialization, and manufacturing. During 2025, The company has a strong financial position. The company’s major customers include Nike, HOKA, Under Armour, Timberland, UGG, Coach, Michael Kors, Prada, Jimmy Choo and other global brands. During 2025, the company’s net profit had declined. The company also faced challenges such as tariffs, uncertainty in markets, and macroeconomic pressures. Stella has launched its three-year strategic plan (2026-2028). This company focuses on expanding its manufacturing capacity, strengthening its relationships with luxury and sports brands, etc.
Company Overview
Stella International is the leading footwear and leather goods manufacturer company globally. It was established in 1982. Stella supplies major global brands across sports, luxury, fashion, athleisure, and premium casual footwear brands. The company’s major customers include Nike, HOKA, Under Armour, Timberland, UGG, Coach, Michael Kors, Prada, Jimmy Choo and other global brands. Stella has expanded into handbags and leather accessories, and aims to become a total solutions provider for premium leather products.
Industry Overview
Stella International operates in the global footwear and leather goods industry. The company supplies to leading sports, luxury, fashion, and casual footwear brands. The company’s demand is growing for athletic footwear, fashion products, innovation, and etc. This company invests in expanding its production capacity, strengthening its R&D, and etc. The company also faced challenges such as rising production costs, uncertainty in tariffs, etc.
Financial Performance (US$’000)
Particulars | 2025 | 2024 |
Revenue | 1,570,237 | 1,545,114 |
Cost of sales | (1,227,907) | (1,161,157) |
Gross profit | 342,330 | 383,957 |
Other income | 6,705 | 7,878 |
Other gains and losses, net | (1,221) | 10,647 |
Selling and distribution expenses | (42,504) | (40,389) |
Administrative expenses | (155,536) | (164,084) |
Impairment losses on financial assets, net | (2,158) | (16,013) |
Share of profit of a joint venture | 1,630 | 2,538 |
Profit before tax | 161,209 | 183,428 |
Income tax expense | (24,180) | (28,688) |
Profit for the year | 137,029 | 170,134 |
Source: Annual Report of Stella International 2025
Source: Annual Report of Stella International 2025
Source: Annual Report of Stella International 2025
Key Financial Ratio
Particulars | 2025 | 2024 |
Operating profit margin | 9.5% | 11.9% |
Return on investment capital | 16.3% | 21.6% |
Current ratio | 2.88 | 3.20 |
Quick ratio | 2.15 | 2.47 |
Source: Annual Report of Stella International 2025
Source: Annual Report of Stella International 2025
SWOT Analysis
Strengths 1.The company has a strong financial position in 2025. 2.The company has a strong focus on innovation, etc. 3.The company has strong global brands. | Weaknesses 1. The company highly depends on international footwear brands. 2.The company’s net profit has declined. |
Opportunities 1.The company’s demand is growing for sports and athleisure footwear. 2. The company can expand its business. 3.The company focuses on sustainability, and ESG. | Threats 1.The company has strong competition. 2. rising in labor, raw material costs. 3.Change in exchange rate and raw material prices. |
Conclusion
Stella International is the leading footwear and leather goods manufacturer company globally. The company has a strong reputation for quality, innovation, and etc. During 2025, The company has a strong financial position. The company also faced challenges such as uncertainty in tariffs, rising costs, and operational inefficiencies. This company invests in expanding its production capacity, strengthening its R&D, and etc. Stella International is well-established for future growth.