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Edge11 Sep 2026
Texas Pacific Land Corporation: Keeper of the Permian Basin
Land once granted to a failed 19th-century railroad now generates royalties for Texas Pacific Land Corporation across the Permian Basin.
Kumulus Vape
Kumulus Vape (ALVAP) investor relations material
Kumulus Vape H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary16 Sep, 2026
Executive summary
Revenue for H1 2026 was €25.5M, down 8.3% year-over-year due to a challenging economic and geopolitical environment impacting B2B sales.
Despite lower sales, all profitability metrics improved, with EBITDA up 29.4% and net income up 24.1% year-over-year.
B2C and retail network segments grew, offsetting some B2B decline, supported by a revamped e-commerce platform and expanded franchise network.
Financial highlights
Gross margin rose 11.3% to €6.7M, representing 26.3% of revenue, up 4.6 points year-over-year.
EBITDA reached €1.9M (7.5% margin), up from €1.5M (5.3%) in H1 2025.
Operating income increased 16.7% to €1.4M (5.6% margin).
Net income was €0.76M (3% margin), up 24.1% year-over-year.
Outlook and guidance
H2 2026 expected to benefit from full-scale production at Labster, supporting margin strategy and own-brand growth.
Strengthened industrial partnerships and continued franchise expansion to drive activity rebound and maintain profitability gains.
Favorable seasonality in H2 anticipated to support revenue recovery.
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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 TU - H1 2024 revenue hit €30.1M with margin gains; annual target revised to €64M amid market headwinds.ALVAPQ2 2024 TU
- H1 2026 revenue fell 7.8% year-over-year, but digital and retail growth offset B2B decline.ALVAPQ2 2026 TU
- Profitability held at €1.0M net income amid revenue decline and sector headwinds.ALVAPH2 2025
- Stable Q3 revenue at €14.8M; B2B growth and regulatory risks shape outlook.ALVAPQ3 2025 TU
- Revenue and net income fell, with stable gross margin but negative operating cash flow.ALVAPH1 2025
- Q1 2025 revenue declined 9% to €13.9M as franchise strategy and BtoB focus intensified.ALVAPQ1 2025 TU
- Q3 revenue at €14.8M, 70% of annual target met; strong Q4 expected with €64M goal reaffirmed.ALVAPQ3 2024 TU
- H1 2024 net income was €1.05M on €30.1M revenue, with ongoing franchise integration.ALVAPH1 2024
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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