Fastned B.V. — Earnings Release 2025

Jan 15, 2026

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Fastned reports €38.1m revenue in Q4 as charging network scale-up accelerates

Amsterdam, the Netherlands, 15 January 2026 – Fastned, a leading European fast charging company, has reported €38.1 million in revenue related to charging for Q4 2025, up 44% on a year earlier.

The company delivered 54.8 GWh of energy to electric drivers over more than 2 million charging sessions, powering over 273m kilometres of emissions-free driving. These figures mark record quarterly highs for the company.

The company also raised €39 million through its most recent retail bond campaign - the third round in 2025. In total Fastned attracted approximately €110 million through its bond programme in 2025, compared to approximately €82 million raised in 2024 (also across three rounds). Our bond issuance programme will be continued in 2026.

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Fastned opened 26 new charging stations during Q4 2025 with locations arriving in Belgium, France, Germany, the Netherlands, Switzerland and the UK, as well as the inauguration of the company's first station in Spain. At the end of 2025 there were 406 Fastned stations open to drivers in nine countries across Europe.

Fastned's station in Chartres Mainvilliers, France, opened in December 2025.

Delivering on guidance for 2025

Fastned set the following guidance for 2025:

• 400 to 425 stations operational by year end (54-79 new stations)
• More than €325,000 revenues per station (full year average)
• 35% to 40% Operational EBITDA margin (full year average)

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With 406 stations at year end and an approximate revenue per station of €335,000, Fastned has delivered on the first two elements of its guidance for 2025. For the third element, operational EBITDA, we reiterate our guidance for a margin of 35-40%; verified figures will be available in our Annual Report 2025, scheduled for publication on 19 March 2025.

Outlook and guidance for 2026

Based on its secured pipeline and increased organisational capacity, Fastned sets its guidance to:

• 476 to 506 stations operational by the end of 2026 (70-100 new stations)
• Revenues of €350k-400k per station (full year average)
• ● 35-40% operational EBITDA

Fastned is on track towards its ambition of operating 1,000 stations by 2030, while continuing to grow revenue per station and operational EBITDA as utilisation increases and the fast charging market matures in line with rapidly growing EV sales.

Expansions and upgrades on the road to 1000 stations by 2030

In addition to new openings, Fastned significantly increased capacity at existing locations through expansions, repowering and higher-power upgrades. Alongside 26 new stations in Q4, 35 existing stations (in six countries) were expanded, redeveloped or upgraded.

During the busy holiday season, occupancy and utilisation of our stations increased dramatically. These continuous upgrades and expansions enable Fastned to serve more drivers at peak times when the need is greatest, and ensure we maintain our premium driver experience even during periods of heavy traffic at our locations.

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Fastned's location in Ridderkerk, the Netherlands, underwent expansion to increase capacity during Q4 .

Fastned also strengthened its development pipeline and continued acquiring high-value locations at pace. 44 new high traffic locations were signed during Q4 ; the company has now secured 663 locations for 1 development, supporting Fastned's long-term ambition to build 1,000 stations by 2030.

Record year driven by accelerating EV adoption

Fastned's record Q4 and full-year results were driven by continued growth in the battery electric vehicle (BEV) fleet across its markets. In 2025, BEV registrations in Europe again grew strongly, with some markets ending the year with EV shares of new car sales around 35%.

1 5 locations were removed from our pipeline in Q4 2025.

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	et share Jan-Nov 2025
% of new car sales that are fully electric in Fastned markets.Source: ACEA
Country	EV market share Q4 2025	Change vs Q4 2024
Netherlands	36.8%	+10.6%
Belgium	34.3%	+21.2%
Germany	18.8%	+40.0%
France	19.5%	+14.8%
United Kingdom	22.7%	+21.4%
Switzerland	21.6%	+14.2%
Spain	8.6%	+62.0%
Italy	5.8%	+41.5%
Denmark	67.2%	+33.3%

With recent clarifications and amendments to the EU's Roadmap to 2035 now completed, Fastned's view is that the core direction of travel for European mobility has not changed, and policy has already done much of its job by catalysing scale. Economics is now driving the market: from lower battery costs to better total cost of ownership for drivers, the shift to electric mobility is now irreversible.

Around the organisation

● Fastned inaugurated its first station in Spain, marking the company's entry into its ninth operational market and extending the network into a key growth region in Southern Europe. The inauguration was attended by Spanish Minister of Industry Jordi Hereu alongside other local dignitaries and partners, with Fastned CEO Michiel Langezaal also attending.

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Fastned co-Founder and CEO Michiel Langezaal and Spanish Minister of Industry Jordi Hereu inaugurate Fastned's debut station in Spain.

• Both Belgium and Germany celebrated their 50th Fastned stations during Q4, deepening our networks and making electric driving easier and more convenient throughout these countries.
• In France, Fastned successfully won a tender for the country's first all-electric service area, at Aire de Saint Yvi. Inspired by our flagship all-electric service area in Gentbrugge, Belgium, this station advances Fastned's vision of highway service areas with fast charging, great facilities, and no fossil fuels anywhere.
• Fastned has begun piloting the fastest EV charger in the Netherlands, with a new 1000kW charger installed in Aalscholver and available for use. This charger can deliver power at nearly 100 times the speed of

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ordinary on-street charging. This initial pilot will be used to gather data and evaluate suitability for further rollout across our network.

The first one-megawatt charger in the Netherlands at Fastned Aalscholver.

''It's been a fantastic quarter for Fastned and I'm delighted at how our team continues to scale our business across Europe. Our network now surpasses 400 stations, which continue to deliver industry-leading returns, giving us great confidence for the future.

In recent months we have seen trains and airports struggling with winter conditions and travellers stranded during the holiday season. In this context, I am proud to say Fastned's stations have thrived, delivering on our commitments and reliably serving more drivers than ever before.

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Delivering in harsh conditions while scaling has been a great challenge: our team has passed this test with great results and put us in pole position for 2026.''

• Michiel Langezaal, co-Founder and CEO of Fastned

Webcast and presentation

Fastned will host a webcast for analysts and investors on 15 January 2026 at 11:00 CET to discuss the Q4 2025 trading update. The presentation will be available on Fastned's website. A replay of the webcast will be made available on the company's website after the event.