ELATE HOLDINGS (00076) has issued a positive profit alert, projecting a net profit attributable to shareholders of roughly $41.1 million for the six months ending June 30, 2026. This marks a significant turnaround compared to the net loss of approximately $15.1 million recorded during the same period in 2025.

According to the company's announcement, the anticipated profit surge is primarily driven by a fair value gain of about $38.8 million recognized on cryptocurrency holdings. Additionally, the absence of a previously recorded fair value loss of roughly $19.1 million on financial assets measured at fair value through profit or loss, which weighed on results in the prior-year period, has further bolstered the expected performance.

The board attributes the improved financial outcome to these favorable market movements and the non-recurrence of earlier valuation setbacks.