Understanding the Market | INNOVAX HLDGS rose over 18% in the morning, with a mid-term profit attributable to shareholders of HKD 18.279 million, turning a profit compared to the same period last year

INNOVAX HLDGS rose over 18% before noon, and as of the time of publication, it rose 18.76% to HKD 13.61, with a transaction volume of HKD 10.9917 million. On the news front, on October 28, INNOVAX HLDGS released its interim results for the six months ending August 31, 2025, reporting total revenue of HKD 11.993 million, a year-on-year decrease of 87.2%; during the period, profit was HKD 18.279 million, compared to a loss of HKD 22.889 million in the same period last year; earnings per share were HKD 0.3047. During this period, the group achieved a total profit and comprehensive income of approximately HKD 18.30 million, while in the same period last year, it recorded a total loss and comprehensive expenses of approximately HKD 22.90 million. The turnaround from loss to profit was mainly attributed to the net realized and unrealized gains of financial assets measured at fair value through profit or loss during this period, amounting to approximately HKD 24.10 million, while in the same period last year, it recorded net realized and unrealized losses of financial assets measured at fair value through profit or loss amounting to approximately HKD 18.30 million