Innovax Signals Return to Profit on Improved Financial Asset Gains

Innovax Holdings Limited ( (HK:2680) ) has issued an announcement.

Innovax Holdings Limited has issued a positive profit alert, indicating that it expects to swing from a loss of about HK$35.3 million in the prior financial year to a profit of between HK$9 million and HK$13 million for the year ended 28 February 2026. The turnaround is primarily attributed to a net realised gain and a reduced unrealised loss on financial assets measured at fair value through profit or loss, reversing the net realised and unrealised losses recorded a year earlier.

The company noted that these figures are based on preliminary, unaudited management accounts and may differ from the final results due later this month, urging shareholders and potential investors to exercise caution when dealing in its shares. The expected return to profitability, driven largely by improved performance of its financial asset portfolio, suggests a significant recovery in its core investment operations and could mark a pivotal improvement in its financial health and market positioning.

More about Innovax Holdings Limited

Innovax Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating as a financial services group focused on investment and securities-related activities. The Group manages financial assets measured at fair value through profit or loss, exposing its performance to market-driven gains and losses in line with broader capital market conditions.

Average Trading Volume: 78,518

Technical Sentiment Signal: Buy

Current Market Cap: HK$604.2M

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