INNOVAX HLDGS (02680) announced its interim results for the six months ended August 31, 2025. The group recorded total revenue of HK$11.99 million, representing an 87.2% year-on-year decrease. However, it achieved a profit of HK$18.28 million during the period, compared to a loss of HK$22.89 million in the same period last year. Earnings per share stood at 30.47 HK cents.

During the reporting period, the group reported a total comprehensive income of approximately HK$18.3 million, reversing from a total comprehensive loss of about HK$22.9 million in the prior year. The turnaround was primarily attributed to a net gain of approximately HK$24.1 million from fair value changes in financial assets at fair value through profit or loss, compared to a net loss of around HK$18.3 million in the corresponding period last year.