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Edge10 Jul 2026
Inside Take-Two: The Grand Anticipation
The story of how Take-Two Interactive built the empire behind Grand Theft Auto, Red Dead Redemption, and one of gaming's largest mobile portfolios.
Kumulus Vape
Kumulus Vape (ALVAP) investor relations material
Kumulus Vape Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary22 Jul, 2026
Executive summary
Consolidated revenue for H1 2026 was €25.6M, down 7.8% year-over-year from €27.8M, reflecting a constrained consumer environment and market pressure.
Diversification of sales channels, especially digital and retail boutiques, helped mitigate the decline in distribution activity.
Financial highlights
B2B revenue for H1 2026 was €21.7M, down 11% from €24.4M in H1 2025, representing 84.8% of total revenue.
B2C e-commerce revenue grew 1.9% year-over-year to €2.24M, now 8.8% of total revenue.
Retail boutique revenue surged 41.5% year-over-year to €1.66M, now 6.5% of total revenue.
Outlook and guidance
Second half expected to benefit from full-scale operation of Labster, the in-house bottling lab for proprietary brands.
Expansion of distribution channels and franchise network (Cigaverte) targeted for growth and improved territorial coverage.
Continued focus on logistics optimization and adapting to evolving market trends.
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Latest events from Kumulus Vape
- H1 2025 revenue fell 7.6% to €27.8M; annual target cut to €58–60M amid franchise shift.ALVAP
Q2 2025 TU3 Aug 2026 - H1 2024 revenue hit €30.1M with margin gains; annual target revised to €64M amid market headwinds.ALVAPQ2 2024 TU3 Aug 2026
- Profitability held at €1.0M net income amid revenue decline and sector headwinds.ALVAPH2 202520 Apr 2026
- Stable Q3 revenue at €14.8M; B2B growth and regulatory risks shape outlook.ALVAPQ3 2025 TU5 Nov 2025
- Revenue and net income fell, with stable gross margin but negative operating cash flow.ALVAPH1 202525 Sep 2025
- Q1 2025 revenue declined 9% to €13.9M as franchise strategy and BtoB focus intensified.ALVAPQ1 2025 TU7 Jul 2025
- Q3 revenue at €14.8M, 70% of annual target met; strong Q4 expected with €64M goal reaffirmed.ALVAPQ3 2024 TU13 Jun 2025
- H1 2024 net income was €1.05M on €30.1M revenue, with ongoing franchise integration.ALVAPH1 202413 Jun 2025
- Net income up 41% to €2.6M, with margin gains and a €62M revenue target for 2025.ALVAPH2 20246 Jun 2025
Next Kumulus Vape earnings date
H1 202617 Sep, 2026
Kumulus Vape
Next Kumulus Vape earnings date
H1 202617 Sep, 2026
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