Stella International (1836) Q3 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2026 earnings summary
26 Oct, 2026Executive summary
Q3 2026 consolidated revenue rose 2.2% YoY to US$412.9m; 9M revenue increased 1.7% to US$1,199.6m.
The 2026–2028 plan prioritizes manufacturing-base expansion and diversification; 2026 is an investment year, with most planned profit growth expected later in the plan period.
Financial highlights
Q3 consolidated revenue was US$412.9m, versus US$404.2m in Q3 2025; 9M revenue was US$1,199.6m, versus US$1,179.2m.
Footwear manufacturing revenue rose 1.3% YoY to US$396.7m in Q3 and 1.6% to US$1,163.3m in 9M.
Outlook and guidance
Vietnam’s dedicated premium Sports factory began operations in Q3 2026 and is expected to ramp up through 2027; two factories in Indonesia and Bangladesh are expected to start in Q4 2026.
New factories, together with the existing Solo, Indonesia factory, are expected to add ~20m pairs of production capacity over the coming years.
Most profit growth from the Three-Year Plan is expected in the latter part of 2026–2028.
Latest events from Stella International
- Higher ASP and premium mix lifted margins and adjusted profit despite lower shipments.1836
H2 2023 - Revenue up, profit down as investments and higher costs weigh; dividend payout ratio held at 70%.1836
H1 2026 - Full-year revenue and shipment volumes rose, driven by Sports segment growth and new customers.1836
Q4 2025 - Revenue up 1.5%, profits down; major investments and strong cash returns planned.1836
Q2 2026 - Revenue up 1.9% year-over-year, ASP rises 3.8%, and new factories to drive future growth.1836
Q1 2026 - Revenue up 1.6%, net profit down, strong cash supports HK145 cents/share dividend.1836
H2 2025 - Q3 2025 revenue up 3.7% with strong Sports segment growth and robust shareholder returns planned.1836
Q3 2025 - Revenue and shipments up, profit and margins down; strong cash, high dividend, and expansion plans.1836
H1 2025 - Adjusted net profit surged 54.1% on Sports growth, margin gains, and strong cash returns.1836
H1 2024