STELLA HOLDINGS (01836) reported a 2.2% decrease in total revenue in the first quarter to approximately $331 million.

STELLA HOLDINGS (01836) announced that for the three months ending on March 31, 2025, due to the high base effect, the group's unaudited comprehensive income decreased by approximately 2.2% to $331 million, compared to approximately $338.4 million in the same period last year. The shipment volume for the three months ending on March 31, 2025 increased by approximately 3.4%, driven by the sports category. The average selling price decreased, mainly due to a higher proportion of sports products with lower average selling prices in the orders. The group achieved an operating profit margin of approximately 11.9% in 2024, exceeding the target set in the three-year plan (2023-2025) to achieve an operating profit margin of 10% by the end of 2025 and a low double-digit percentage increase in after-tax profit. The group has proposed to pay a special dividend of $60 million in cash for 2024, and is committed to maintaining a regular dividend payout rate of 70% in 2025 and 2026, in addition to returning up to an extra $60 million in cash annually to shareholders through a combination of share buybacks and special dividends.