Anta Sports posts strong H1 2025 growth, realigns capital structure

Anta Sports Products Limited reported robust performance for the six months ended 30 June 2025, with revenue climbing 14.3% year-on-year to RMB38,544 million and adjusted profit attributable to equity shareholders increasing 7.1% to RMB6,597 million. The board declared an interim dividend of HK$137 cents per ordinary share. Concurrently, Anta Sports' indirect wholly-owned subsidiary, Anca Holding, entered into share subscription agreements with Wise Source and Reward Grand.

These agreements will result in the issuance of 2,500 subscription shares, diluting Anta Sports' indirect beneficial interest in Anca Holding from 100% to 80%. This transaction constitutes a deemed disposal of 20% equity interest in Anca Holding, a special purpose vehicle for the "Jack Wolfskin" business. Anca Holding indirectly owns 100% of JW Purchaser, which recently acquired 100% equity interests in JW Holdco. The proceeds will fund Anca Holding’s general operating expenses, working capital, and business development.

Further, Anta Sports has entered into a joint venture with MUSINSA Co., Ltd., forming a JV to operate Korean fashion businesses in mainland China, Hong Kong, and Macao. Anta and MUSINSA will hold 40% and 60% equity interests, respectively. Additionally, due to the interim dividend declaration, the conversion price of its €1,500,000,000 zero coupon guaranteed convertible bonds due 2029 will be adjusted from HK$102.62 to HK$101.13, effective 11 September 2025.