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Lever Style Corp. ( (HK:1346) ) has provided an update.
Lever Style Corporation reported that 2025 revenue fell 10.2% to US$200.2 million, largely due to a deliberate pullback from its two largest clients over credit concerns, even as the rest of its customer portfolio recorded growth despite disruptive U.S. tariffs. The group’s longtime client Bonobos entered Chapter 11 in 2024, prompting Lever Style to sharply reduce exposure, and the combined US$27.2 million revenue contraction from these two customers masked an underlying 2.7% revenue increase from the remaining business.
Despite the sales decline and what management called the most challenging year for the apparel industry since COVID, the company achieved a record-high net profit margin of 7.9%, helped by tight cost controls, improved operating efficiency and digitalization efforts. Lever Style ended the year debt-free with a record US$41.5 million cash balance, maintained its final dividend at HK7.0 cents per share, and said the acquisition of activewear maker AAG’s business should position it for growth in 2026, underscoring resilience in the face of tariff-driven volatility.
The most recent analyst rating on (HK:1346) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Lever Style Corp. stock, see the HK:1346 Stock Forecast page.
More about Lever Style Corp.
Lever Style Corporation is a Hong Kong–listed apparel manufacturer operating an asset-light model and supplying fashion brands primarily in the U.S. and other markets. The company focuses on versatile garment production, including activewear, and has been investing in digitalization and platform-based operations to improve efficiency and competitiveness. Its customer base spans multiple brands, reducing reliance on any single client.
Average Trading Volume: 170,666
Technical Sentiment Signal: Buy
Current Market Cap: HK$888.3M
See more insights into 1346 stock on TipRanks’ Stock Analysis page.