Stella Holdings (01836) announced that for the fourth quarter of 2025, the Group's unaudited consolidated revenue increased by 0.8% year-on-year to $388.6 million; for the full year 2025, unaudited consolidated revenue rose by 1.5% to $1.5678 billion. Regarding the footwear manufacturing business, shipment volume remained flat year-on-year in the fourth quarter of 2025, while increasing by approximately 3.8% for the full year 2025, primarily driven by robust order demand from the sports category and new clients for whom the company is ramping up production. The average selling price declined during both periods, a result of the growth in the sports category, which carries a lower average selling price. In addressing the initial challenges encountered during the first half of 2025 related to production increases and the expansion of production facilities in Indonesia and the Philippines, the Group has made significant progress. The experience gained from these efforts will establish a crucial foundation for the trial production and capacity ramp-up of the Group's future new production facilities, which are expected to commence operations in the second half of 2026. The Group remains committed to returning up to an additional $60 million in cash to shareholders annually in both 2025 and 2026, through a combination of share repurchases and special dividend payments, while also maintaining a regular dividend payout ratio (including final and interim dividends) at the customary level of approximately 70%.