INNOVAX HLDGS (02680) announced that the group expects to achieve profit and comprehensive income of approximately HK$15 million to HK$20 million for the six months ended August 31, 2025, compared to a loss and comprehensive expense of approximately HK$22.9 million for the six months ended August 31, 2024. The expected change from loss to profit is primarily attributable to the total net realized and unrealized gains on financial assets measured at fair value through profit or loss for the six months ended August 31, 2025, compared to the total net realized and unrealized losses on financial assets measured at fair value through profit or loss for the six months ended August 31, 2024.