Kumulus Vape: 2025 Results and Financial Resilience

Kumulus Vape, a distributor of vaping products in France, closed 2025 with a net profit of €1.0 million, despite a 5.2% decrease in revenue to €57.5 million. Economic, regulatory, and budgetary challenges influenced consumer spending, impacting sales, particularly in the B2C sector and brick-and-mortar stores. The B2B market remained stable, representing 87.3% of sales at €50.2 million.

Despite competitive pressure, the gross margin reached 21.7%. Cash flow strengthened to 5.2 million, while debt was reduced to 3.5 million. These results demonstrate Kumulus Vape's ability to maintain its profitability.