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Fastned B.V. — Earnings Release 2025
Apr 17, 2025
3841_rns_2025-04-17_dbc1bcc1-6340-4b3e-821c-547f60cd6ffd.pdf
Earnings Release
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Fastned Q1 2025 Update: revenue leaps 48% to record quarterly high and company opens first station in Italy
Fastned, the European fast-charging company, has reported new all-time highs for quarterly revenue in Q1 2025 alongside significant growth in energy sold and charging sessions completed.
Revenues for the first quarter reached €28.0 million, a 48% increase on Q1 2024, while renewable energy sales rose to 42.1 GWh: up 34% year-on-year. The company expanded its network with its first station in Italy, while a successful bond issue raised over €36 million in investment as EV sales in Europe are back on the rise.
Strong financial growth
Fastned recorded €28.0 million in revenue in Q1 2025 - a new record high for Fastned in quarterly revenue - while selling 42.1 GWh of renewable energy to electric drivers all over Europe.
Revenue per station (annualised) reached €325,000 while gross profit increased to €19.7 million. Annualised revenue was €113.6 million - over €100m for the second consecutive quarter.
Fastned raised a record amount of €36.5 million in its first bond issue of 2025; this is the largest amount raised by Fastned in a single tranche. This latest tranche, which closed in February, brings the total outstanding amount of bonds with retail investors to over €227 million.
| Q1 2025 | Q1 2024 | |
|---|---|---|
| Renewable energy delivered (GWh) | 42.0 (+34%) | 31.4 |
| Charging sessions handled (million) | 1.6 (+33%) | 1.2 |
| CO2 equivalent avoided (kilotonnes) | 38.1 (+26%) | 30.3 |
| Revenue (€ million) | 28 (+48%) | 18.9 |
| Total (end Q1 2025) | New in Q1 2025 | |
| Stations operational | 353 | 7 |
| Locations secured | 587 | 20 |
Growing networks and partnerships
Fastned opened its first station in Italy, just off the A4 highway near Brescia, close to the spectacular Lake Garda. Eight 400kW chargers are now operating at Truck Park Brescia Est to serve the growing number of EV drivers in Italy, making this the largest charging station to date on the A4 Holding group highway network. Italy has become Fastned's eighth country of operations, and Fastned intends to grow its network into a ninth country in 2025. An additional 10 locations are already secured for future station development in Italy.
Fastned and Places for London, the property company owned by Transport for London (TfL) secured planning permission for the first of an initial five charging hubs in the city. The first site, at TfL's Hatton Cross station car park, will feature 12 400kW charging bays. Our ambition is to construct 65 charging hubs across London during our joint venture with Places for London.
New Fastned stations opened in Belgium, France, Switzerland and the UK for a total of 353 active stations at the end of Q1 2025.
Fastned also secured 20 new locations in Q1 2025, bringing us to a total of 587¹ locations either operational or in our development pipeline on our path to 1,000 active stations by 2030.
Market Outlook²
The BEV market has returned to strong growth throughout Europe following the clarification of regulatory timelines for car manufacturers, the arrival of (often delayed) entry-level BEV models on the market, and the launch of the European Commission’s Strategic Dialogue on the Future of the European Automotive Industry.
Across the EU27 + EFTA + UK, sales share for full BEVs rose to 16.9%, increasing from 12.5% a year earlier. There are now over six million battery-electric vehicles (BEVs) registered across Europe. Across the first two months of Q1 2025, BEV sales in the EU27 increased by 28%.
The wider transition to electric mobility continued at pace. Combined market share for petrol and diesel cars in the EU27 fell to 38.8%, a 9.7% reduction from a year earlier. In France ICE and diesel registrations fell by 27.5%, in Germany by 24.9% and in Italy by 19%.
¹Two previously secured locations were discontinued from our development pipeline in Q1.
²Based on EU27 + EFTA + UK registrations in January and February.
https://www.acea.auto/pc-registrations/new-car-registrations-3-in-february-2025-year-to-date-battery-electric-15-2-market-share/
| Country | BEV share of new car registrations
Jan–Feb 2025 (%) | BEV share of new car registrations
Jan–Feb 2024 (%) |
| --- | --- | --- |
| Belgium | 33.1 | 21.4 |
| Denmark | 65.4 | 40.3 |
| France | 17.7 | 17.3 |
| Germany | 17.1 | 11.6 |
| Italy | 5.0 | 2.8 |
| Netherlands | 35.2 | 26.3 |
| Switzerland | 20.4 | 16.8 |
| United Kingdom | 22.8 | 15.8 |
Low exposure to recent market volatility
Volatility in global markets following policy shifts in US trade policy has had minimal material impact on Fastned's business and operations. We have conducted a broad analysis of our supply chain and concluded that Fastned is not materially exposed as a result of these changes, and are exploring ways we can minimise impact and maximise opportunity.
Q1 around the organisation
- Fastned launched the Spark Alliance along with fellow founder members Atlante, Electra and IONITY. This collaboration between Europe's leading charging companies has created what is now the largest charging network in Europe.
With so many charging companies, so many apps, so many payment methods, EV charging can be fragmented and confusing for drivers - especially on long journeys across borders. The Spark Alliance aims to solve this confusion,
bringing together the best and most trusted charging companies to make fast charging a simple and seamless experience for all EV drivers - whatever brand of car they drive. Find out more about the Spark Alliance here.
- Fastned published its Annual Report 2024 on 27 March 2025 including full details on all operational, financial and sustainability policies for 2024.
- Co-Founder and CEO Michiel Langezaal was elected as President of ChargeUp Europe, the European charging industry association. As President, Langezaal will advocate for growth in Europe's already world-leading charging sector, increased competitiveness of Europe, and the creation of green jobs.
'I am delighted with Fastned's growth this quarter. Record highs in quarterly revenue show the growing value of our quality charging concept, while our arrival into Italy means we are now active in eight countries across Europe - great steps towards our vision of an electric-only future. The transition to electric mobility is accelerating again, and we will continue to scale our network while maintaining our best-in-class station design and driver experience.'
- Michiel Langezaal, co-Founder and CEO of Fastned
About Fastned
Fastned is on a mission to accelerate the transition to electric mobility. Since 2012, we've been at the forefront of European charging infrastructure development, building and operating a rapidly growing network of iconic fast charging stations. Our yellow, nature inspired stations create a welcoming environment for drivers during the 10-15 minutes it takes to charge up to 300 km of range. By offering Europe's most reliable, convenient and joyful charging experience, we aim to inspire millions to drive on solar and wind energy so that together we can curb climate change. Fastned is listed at Euronext Amsterdam (AMS: FAST) and is a certified B Corp.