ELATE HOLDINGS (00076) has announced that the group expects to record a net loss attributable to the company's owners of approximately $14 million to $16 million for the period (the year ending December 31, 2025). This contrasts with a net profit attributable to owners of approximately $40.3 million reported for the same period in 2024. The board of directors attributes the expected loss for the period primarily to the recognition of a one-time fair value loss of approximately $42.7 million on financial assets at fair value through profit or loss. This loss was partially offset by a one-time fair value gain of approximately $22 million related to cryptocurrencies. Excluding the one-time fair value loss on financial assets and the one-time cryptocurrency fair value gain, the group would have achieved a net profit of approximately $4.7 million to $6.7 million for the period. This compares to an adjusted net profit of $1.1 million for the same period in 2024, which also excluded one-time fair value losses on financial assets. The board believes the increase in this underlying profitability is mainly due to a $5.1 million improvement in gross profit, driven by sales volume growth and the repricing of products for key customers in the electronics original design manufacturing and sales business.