Fastned accelerates build pace as Q3 revenue reaches €51.3 million
Fastned, a leading European fast-charging company, reported revenue related to charging of €51.3 million1 in Q3 2026. Gross profit increased by 44% year-on-year to €37 million.
Fastned signed agreements for 26 new high-traffic locations2 and opened 17 stations across its European network during Q3, a substantial increase compared to previous years. Build pace is ramping up with 65 stations currently under construction, which is almost double the number of last year, this puts the company in a good position to deliver on its 2026 target of 476-506 operational stations.
The market for public fast charging continued to strengthen, with battery-electric vehicles representing 28.0% of new vehicle registrations in Fastned’s operating markets in July and August. This was supported by the growing range of electric vehicle models on offer and cheaper batteries, driving down purchase prices for consumers. Additionally, high fuel prices are encouraging more people to go electric. The European Commission’s Electrification Action Plan, published in July, has further reinforced the long-term policy direction towards greater use of electricity across transport, buildings and industry.
Revenue and volume growth increases
Station sales volumes grew in the third quarter, with annualised average volume delivered per station reaching 596 MWh. Organic volume growth3 was 27% in Q3 2026, broadly in line with 29% growth in the BEV fleet across Fastned’s operating markets4.
Volume growth supported the rise in charging revenue to €51.3 million. The reported revenue includes €5.1 million related to Dutch e-credits for the first quarter of 2026, which were transferred in Q3 after the Dutch government portal reopened, following a temporary closure. Like for like revenue related to charging was €46.3 million, up 47% yoy. This one-off timing effect has no impact on Q3 gross profit.
Supported by the third quarter's holiday traffic, year-to-date annualised revenue per station reached €395,000, tracking close to the upper end of Fastned’s 2026 guidance range of €350,000 to €400,000. Historically, the fourth quarter is the largest quarter of the year as a result of the growing number of EVs on the road, as well as low temperatures increasing charging demand.
Broadening commercial reach
Fastned continued to broaden its customer propositions across private drivers, businesses and fleets. In September, the company announced a partnership with ANWB, a Dutch mobility organisation, to extend its reach among private drivers in the Netherlands. Through the partnership, Fastned is promoted to more than 600,000 ANWB Charge Card users, while subscribers can receive 10% off charging at Fastned stations across Europe. The partnership also includes educational programmes on electric driving.
Scaling the European network
Fastned continued to scale its network across its European markets during Q3. In Belgium, Fastned reached 60 stations and expanded its presence in Wallonia with the opening of Libin Galaxia. With 12 charging points of up to 400 kW, the station is one of the largest in the region. It was developed in cooperation with IDELUX, as part of a broader plan to expand fast-charging infrastructure across Wallonia.
In Germany, where the company is headed towards the 70-station mark, Fastned has now built 17 stations on German highways as part of Deutschlandnetz.
The highway and regional tenders have given Fastned access to government funding, and more importantly, to attractive sites and search areas across the country, including some of its most densely populated regions. These tender wins put Fastned on a trajectory to substantially grow its network in Germany.
In France, the opening of Thionville Yutz also marked the launch of Fastned’s first kiosk in the country. The kiosk strengthens the customer proposition at locations where on-site amenities are limited. By opening sites with Fastned amenities, the company can tap into another big pool of private and public land without sufficient third party amenities.
New bond issue and company milestone reached
During Q3, Fastned launched its third bond issuance of 2026 as part of its ongoing retail bond programme, supporting the company’s network expansion. The issuance remains open until 30 October 2026.
In Q3, Fastned achieved a significant milestone under the employee option plan introduced at the time of its Euronext Amsterdam listing in 2019, enabling employees to share in the value created as the company grows. The plan combines 10 operational and market-capitalisation milestones to reach the company’s 2030 targets. A milestone was achieved after annual revenue exceeded €100 million in 2025 and market capitalisation surpassed €700 million in Q3, unlocking options representing 1% of all outstanding shares to be distributed among employees.
Fastned reiterates 2026 guidance
Fastned reiterates its full-year 2026 guidance:
- 70 to 100 new stations operational by year-end (476 to 506 stations operational)
- Average revenue per station of €350,000 to €400,000
- Operational EBITDA margin of approximately 45%
Fastned remains focused on growing charging revenue, improving station performance and delivering its planned network expansion across Europe.
Once again, Fastned grew faster than the market. Sales at existing stations rose 27% and total sales rose by 43%, against fleet growth of 29%, and that growth is profitable. So we captured growth at existing stations and built stations to capture more. At the same time, we are building at double last year’s pace, with 65 stations under construction going into the final quarter. And we keep taking long-term market positions across Europe. We lead in the Netherlands and Belgium, and we are continuing to build strong positions in the UK, Germany and France. We do that not simply by deploying infrastructure, but by rolling out a station concept that has proved profitable, market by market.
1. Including carryover impact of €5.1m of Dutch e-credits platform from Q1 2026 due to government portal being temporarily unavailable
2. 4 locations under development were discontinued during the quarter
3. Defined as growth without the effect of new stations in ramp-up
4. Station weighted average across Fastned’s operating geographies
About Fastned
Fastned's mission is to accelerate the transition to electric mobility. Since 2012, we have been at the forefront of developing charging infrastructure in Europe, building and operating a rapidly growing network of iconic fast-charging stations. Our yellow stations, inspired by nature, offer a welcoming environment for drivers during the 10 to 15 minutes needed to charge up to 300 km of range. By offering the most reliable, convenient, and pleasant charging experience in Europe, we aim to encourage millions of people to drive on solar and wind power so that together, we can curb climate change. Fastned is listed on Euronext Amsterdam (AMS: FAST) and is a certified B Corp.