INNOVAX HLDGS (02680) saw its stock price rise by 18.67% in afternoon trading, reaching HKD 13.60, with a turnover of HKD 12.15 million.

On October 28, INNOVAX HLDGS announced its interim results for the six months ended August 31, 2025. The group reported total revenue of HKD 11.99 million, a decrease of 87.2% year-on-year. However, it recorded a profit of HKD 18.28 million during the period, compared to a loss of HKD 22.89 million in the same period last year. Earnings per share stood at 30.47 HK cents.

During the reporting period, the group achieved a total profit and comprehensive income of approximately HKD 18.3 million, a significant turnaround from a total loss and comprehensive expense of HKD 22.9 million in the prior year. This improvement was primarily attributed to a net total realized and unrealized gain of about HKD 24.1 million from financial assets at fair value through profit or loss, compared to a net total realized and unrealized loss of HKD 18.3 million in the previous year.