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ALVAP: Profitability held at €1.0M net income amid revenue decline and sector headwinds

· Issued by Kumulus Vape SA

Profitability was maintained in 2025 with €1.0M net income despite a 5.2% revenue decline, as cash and debt positions improved. Regulatory and macroeconomic headwinds weighed on all segments, but new initiatives and a dividend proposal signal confidence for 2026.

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