Kumulus Vape: 2026 Half-Year Results Show Growth Despite a Decline in Sales

Kumulus Vape, a specialist in the sale of electronic cigarettes, reported revenue of €25.5 million for the first half of 2026, down 8.3% compared to 2025. This decline is primarily due to their B2B activity. However, their B2C activity grew by 5.6%, reaching €2.4 million, thanks to a redesign of their online sales platform.

Despite a decline in sales, Kumulus Vape's profitability increased. Gross profit reached €6.7 million, representing 26.3% of revenue. EBITDA rose by 29%, reaching €1.9 million. This improved profitability is attributed to a logistical reorganization and increased sales of proprietary products through their Labster unit.

The group's financial structure has been strengthened, with shareholders' equity of €17.1 million and cash reserves increased to €6.3 million. The group plans to continue strengthening its partnerships to support its margins and prepare for a rebound in its business.