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Fastned B.V. Management Reports 2026
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Management Reports
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Fastned reports over €100 million in annual charging revenue for the first time, doubling revenue in two years
Amsterdam, 19 March 2026
Fastned, a leading European fast charging company, generated €122.4 million in revenue related to charging in 2025. This represents a doubling of Fastned's charging revenue in two years and the first time Fastned has surpassed €100 million in annual charging revenue. The figures were confirmed in Fastned's Annual Report 2025, published on 19 March 2026.
This milestone reflects the continued expansion of Fastned's network and the sustained increase in demand for fast charging, alongside consistent growth in the number of fully electric cars on Europe's roads, which now surpasses 10 million, with over 8.5 million in Fastned's nine operational markets.
Fastned opened its first station in Italy at Brescia Est in February 2025.
Revenue, station economics, and costs
€100m+ boundary broken
Revenue related to charging increased to €122.4 million: up 47% year-on-year (2024: €83.4m). In two years, Fastned has more than doubled its yearly charging revenue (2023: €60.5m).
Operational EBITDA grew 34% to €43.6 million - demonstrating strong and improving unit economics as the network scales. This corresponds to an operational EBITDA margin of 36%, in line with the 2025 guidance range of 35–40%.
Gross profit related to charging increased by 41% to €96.2 million, driven by strong volume growth coupled with higher gross profit margins per kWh.
Revenue per station improved to €331,000 (2024: €270,000). As indicated in Fastned’s Q4 2025 update, this is in line with the guidance for 2025 of a full-year average of more than €325,000 per station per year. This demonstrates that existing stations are becoming more productive and increasingly profitable as the network scales.
Retail investor support
Over €110 million was raised to support expansion in 2025 through the company’s bond programme. Across three tranches, Fastned’s retail investor community raised €36.5 million (February), €34.7 million (June), and €39.1 million (November) to support expansion - with the latter being Fastned’s most successful single bond issue to date.
This funding from thousands of individual retail investors demonstrates confidence in the business model for EV fast charging and in Fastned’s strategy and growth plans. Following a further round in early 2026, total outstanding retail bonds now exceed €301 million.
Scaling with discipline
Network operation costs were €52.5 million (+47% vs 2024), in line with network expansion and activity. Network expansion costs increased to €33.9 million (+48% vs 2024), reflecting continued investment in new stations and capacity. Underlying company EBITDA was €8.3 million, indicating a balance between improved operations and deliberate investment in expansion.
Fastned's first stations in Spain were opened in 2025 at Garraf Norte and Garraf Sur.
Expansion at scale
A European network: 9 countries and counting
Fastned's mission is to accelerate the transition to e-mobility all over Europe. For the first time, more Fastned stations are now located outside the Netherlands (222 locations) than inside (184 locations). This represents the company's transformation from a domestic company with international operations to a continental leader in fast charging.
At year-end 2025, Fastned operated 406 fast charging stations across nine countries: up from 346 stations across seven countries at the end of 2024.
New markets and milestones
- The company added 60 new operational stations in 2025 (vs. 50 in 2024).
- The company secured 94 in its development pipeline for a year-end total of 663 secured locations (including 406 operational stations) – nearly two-thirds of the locations required to achieve its target of 1000 stations.
- Fastned brought stations to two new countries: Italy (in February at Truck Park Brescia Est, on the busy A4 Brescia-Verona freight corridor) and Spain (October on the C-32 corridor south of Barcelona).
- The first Fastned station directly on Germany's Autobahn opened in July at Neufelder Heide-Süd).
- Milestones were hit across the network: Belgium and Germany both surpassed 50 operational stations, ending 2025 at 52 and 54 stations respectively. France reached 50 stations in July 2025, ending the year at 59.
Station upgrades and capacity expansion
As well as 60 new stations opening in 2025, 35 existing stations were expanded, upgraded or redeveloped, reflecting a strategy to increase density and utilisation at our highest-performing locations.
Expansion work at Fastned Lemsterhop in the Netherlands during 2025.
Retail, trucks, and flagships
In 2025 Fastned continued adding kiosks, shops and toilets to selected stations throughout the network. As the EV market matures, drivers increasingly need more than just reliable fast charging; they need a drink, good food to eat, and a restroom break during a long journey. Fastned will continue to develop its retail concept throughout 2026.
Interior of a Fastned shop.
Heavy-duty vehicles account for approximately 25% of Europe's road transport emissions. To accelerate the transition for trucks too, Fastned has deployed 400 kW truck chargers with dedicated lanes for large heavy-duty vehicles at various stations across our network.
These facilities came together in two new flagship stations in Gentbrugge. Belgium: each an all-electric service area operating with zero emissions, opened in September 2025. These are Fastned's largest stations to date, serving both sides of a busy highway and providing car and truck charging alongside a 350+ capacity
restaurant, a self-service shop open 24/7, safe outdoor play area, and clean toilets and showers.
Usage and impact
- Energy delivered across the network increased 30% year-on-year to 183.0 GWh.
- Charging sessions grew 26% to 6.8 million.
- Fastned powered 914.8 million electric kilometres and avoided 165.9 kilotonnes of CO₂ equivalent.
- Europe's EV fleet surpassed 10 million vehicles in 2025; registrations of new EVs rose nearly 30% year-on-year across the EU.
Innovation, Technology & Advocacy
Addressing Europe's grid bottleneck
Grid capacity remains the single biggest constraint on fast-charging deployment across Europe and requires urgent attention to complete the transition to electric mobility. Fastned is contributing to solutions with Battery Energy Storage System (BESS) pilots, introduced at multiple stations in 2025 and into 2026. These BESS installations are designed to support high-power charging where grid connections alone would not be sufficient, and to provide more flexibility and stability as demand grows with increased EV uptake.
In 2025 Fastned also piloted a new one megawatt-class charger (the Alpitronic HYC 1000) at Aalscholver in the Netherlands, learning more about how the next generation of EV infrastructure behaves in the field.
Fastned piloting a new one megawatt-class charger in Aalscholver.
Large-scale charging deployment will require coordinated investment in electricity infrastructure at national and European level. As an industry leader whose business depends on grid availability, Fastned advocates at EU and national level for grid modernisation as critical to the transport transition.
Industry leadership: making the case for the transition
In 2025 Fastned strengthened its role as an influential force in European EV charging through multiple leadership and advocacy initiatives:
- ChargeUp Europe: CEO Michiel Langezaal was elected President of ChargeUp Europe and began his term in early 2025. He brings long-standing expertise and independent operator perspectives to the group, including in the European Commission's Strategic Automotive Dialogue meeting with Commission President Ursula von der Leyen in March.
- ChargeLeague: Along with three other leading charging companies, Fastned co-founded ChargeLeague to align industry standards and accelerate
sector development, with the aim of providing the simplest and most accessible experience for every EV driver in Europe.
- Green Industrial Grids Association (GIGA): Matt Ersin, Fastned Director of Government & Public Affairs, was elected as the first Chair of the newly-founded group GIGA, advocating for fundamental grid modernisation as a critical enabler of fast-charging growth.
- EU policy: European Climate Commissioner Wopke Hoekstra visited Fastned's Gentbrugge station in 2025, reflecting fast charging's growing role in EU climate and industrial policy discussions.
Climate Commissioner Hoekstra visiting Fastned Gentbrugge in September 2025
"Passing €100 million in annual charging revenue is a proud milestone for Fastned and a signal to industry and financial markets. We have proven fast charging to be a commercial business that can attract long-term investment - and we are scaling this proven model across the continent. With over 400 stations in nine countries, and supported by thousands of investors, we are well placed to continue to be a leader in the electrification of transport across Europe.
A decade ago people questioned whether or not society would switch to electric, and who would build the charging network needed for that to happen. Well, we did – and we proved it could be a successful business. That proof allows us to continue to invest, to drive scale across Europe and to support millions of drivers to go electric in the coming decade and deliver the best charging service that can be expected of us. That is what Fastned is doing."
- Michiel Langezaal, Co-Founder and CEO of Fastned.
2026 Outlook
Fastned’s guidance for 2026, based on secured pipeline and increased organisation efficiency, was confirmed in January 2026:
- 476–506 operational stations (70–100 new stations)
- €350–400k revenue per station
- 35–40% operational EBITDA margin
Fastned will publish its update for Q1 2026 on Thursday 16 April 2026.
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.