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Edge1 May 2026
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The story of Marlboro's transformation from a women's cigarette to a global icon: one of the most effective brand repositionings in history.
Kumulus Vape
Kumulus Vape (ALVAP) investor relations material
Kumulus Vape H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary9 Apr, 2026
Executive summary
Net income reached €1.0M for 2025, maintaining profitability despite a challenging environment.
Revenue declined 5.2% year-over-year to €57.5M, reflecting macroeconomic and sector-specific pressures.
Cash position strengthened to €5.2M, while financial debt reduced to €3.5M.
The group demonstrated resilience, preserving its business fundamentals and preparing for future growth.
Financial highlights
Revenue: €57.5M in 2025, down 5.2% from €60.7M in 2024.
Gross margin: €12.5M (21.7% of revenue), down from €14.3M (23.6%).
EBITDA: €2.5M (4.4% of revenue), down 38.1% year-over-year.
Operating income: €2.0M (3.4% of revenue), down 45.3%.
Net income: €1.0M (1.7% of revenue), down 62.3%.
Outlook and guidance
No public quantitative targets for 2026, but focus on returning to growth.
Launch of Labster, a new in-house consumables lab, to drive margin optimization and product innovation.
Continued expansion of the retail network and digital tools to support omnichannel strategy.
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Latest events from Kumulus Vape
- Stable Q3 revenue at €14.8M; B2B growth and regulatory risks shape outlook.ALVAP
Q3 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 20257 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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Leroy DaleyApp Store
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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