Fastned sees underlying company EBITDA accelerate to €13.7m in H1 2026 vs €1.4m in H1 2025 and updates guidance
Fastned, a leading European fast charging company, has reported strong commercial and financial progress in the first half of 2026.
Operational EBITDA more than doubled to €37.4 million from €17.9m in H1 2025. Underlying company EBITDA increased from €1.4 million in H1 2025 to €13.7 million in H1 2026, as Fastned accelerated both station rollout and commercial growth across Europe. Gross profit related to charging grew by 61% year-on-year to €66m, with a 17% increase in gross profit per kWh.
Revenue related to charging increased by 40% year-on-year to €75.1 million. Fastned’s cash position stood at €100.7m at the end of H1 2026.
The reported revenue is negatively influenced by €5 million relating to Dutch e-credits for the first quarter of 2026. Although quantities and price for the e-credits have been contractually agreed, legal title for these unit transfers could not be recognised for IFRS reporting during H1 due to the Dutch government portal being temporarily unavailable (see official announcement here). This is expected to be recognised as revenue in Q3 2026. This one-off situation has no impact on H1 2026 gross profit due to a compensating impact within cost of sales. For more information see the Financial Review section of Fastned’s Interim Report H1 2026, or the Appendix in the H1 2026 Trading Update presentation.
Fastned opened 28 new stations - a record for the company in the first half of the year - taking its network to 434 operational stations across nine countries as of 30 June 2026. The company also added 60 new locations to its development pipeline. An additional 8 Fastned stations were opened between the end of H1 and the publication date of the Interim Report.
The Fastned Interim Report H1 2026 is available here. Further information is available on Fastned’s Investor Relations page.
Maturing network sparking sustainable growth
In H1 2026, Fastned delivered 112.3 GWh of renewable energy, an increase of 38% compared with the same period last year. The network supported 4.1 million charging sessions, up 34%, powering an estimated 562.2 million electric kilometres and avoiding 101.9 kilotonnes of CO2 equivalent.
Gross profit related to charging rose by 61% to €66.0 million, with the related gross margin increasing from 76% in H1 2025 to 88% in H1 2026.
Operational EBITDA reached €37.4 million, compared with €17.9 million in H1 2025, representing growth of 109% and greater than the equivalent figure for the full 12 months of 2025.
Underlying company EBITDA, which includes the costs of expanding the network, increased to €13.7 million, compared with €1.4 million in the first half of 2025.
Fastned’s net loss narrowed to €13.0 million, a 29% decrease from €18.3 million in H1 2025.
Ramping up the rollout across Europe
After passing the milestone of 400 stations in late 2025, Fastned opened 28 new stations during the first half of 2026. This represents a 65% increase in new openings compared with H1 2025: the company’s strongest first half for station openings to date, showing the company’s success in improving its construction pace.
Fastned’s network reached 434 operational stations across the Netherlands, Belgium, France, Germany, the United Kingdom, Switzerland, Denmark, Italy and Spain as of 30 June 2026. Including these operational stations, the company’s total portfolio of locations grew to 723 at the end of the reporting period.
Germany was a standout market during H1 2026. Fastned reached its 60-station milestone in the country during the second quarter, with 12 new stations opening in Germany in Q2 alone.
In the United Kingdom, Fastned opened its first station under its joint venture with Places for London, Transport for London’s property company. The large charging hub at Hatton Cross, close to Heathrow Airport, demonstrates Fastned’s ability to bring its product to cities, as well as motorway locations.
Fastned made significant progress in overcoming bottlenecks in the station development process:
- 60 new locations were added to our development pipeline during H1 2026.
- 68 building permits obtained, an increase of 89% compared with H1 2025.
- 36 stations were upgraded or expanded across the network.
- New Country Directors were appointed in France, Switzerland and Denmark to support the next phase of growth.
Growing customer engagement and commercial reach
Fastned’s commercial performance was supported by growth across both private and professional customer segments.
The number of Gold Members doubled from approximately 5,000 to 10,000 during H1 2026. Gold is Fastned’s monthly subscription offering, providing regular users with a 30% discount on charging.
Fastned introduced a physical B2B charge card with more than 36 fleets onboarded to date, and expanded roaming access through third-party platforms and collaborations including ChargeLeague. These developments broaden access to Fastned’s network and support demand from professional and fleet customers alongside private drivers.
Network reliability remained high, with uptime of 99.3% during the period. Reliability remains an essential element of Fastned’s customer proposition and is a key reason drivers return to Fastned’s stations.
Equity, bonds, institutional funding: three pillars for sustainable growth
During H1 2026, Fastned further diversified its funding structure by establishing bank financing as a formal third pillar alongside its Euronext Amsterdam listing and retail bond programme.
In January 2026, Fastned closed a green loan facility of up to €200 million from a syndicate comprising ABN AMRO, Crédit Agricole, ING, Invest-NL and Rabobank. An initial €100 million of committed capital has been allocated to fund station rollout in Belgium and Switzerland over a three-year availability period, with an option for a further €100 million to support expansion in other Fastned markets.This facility provides Fastned with access to institutional debt markets on terms that reflect the growing scale and maturity of its business.
Fastned also completed two retail bond campaigns during the first half of 2026. The first campaign, which closed in March 2026, raised €32.4 million and represented the 20th tranche in the company’s retail bond programme. The second campaign closed on 21 June 2026 and raised €36.5 million, including €35.1 million in new investment, a record amount for a single Fastned bond campaign.
Together, the two campaigns raised approximately €69 million from individual investors in the Netherlands and Belgium. Total outstanding retail bonds reached €337 million, and more than 12,000 bondholders have now invested in Fastned.
Market Outlook
Europe’s shift to electric mobility continued to accelerate in the first half of 2026, despite persistent geopolitical uncertainty. New EU car registrations increased by 5.7% year-on-year, while battery-electric vehicles reached a 20.7% market share, up from 15.6% in H1 2025. Some of Europe’s largest markets recorded particularly strong BEV growth, including France (up 62.9%), Germany, (up 48%), and Denmark (up 41.2%).
In total, over 1.2 million new battery-electric cars were registered across the EU in H1 2026. Across the EU, EFTA and the UK, market share rose from 17.5% in H1 2025 to 22.2% in H1 2026.
In contrast, petrol and diesel vehicles together fell to 29.9% of new registrations, down from 37.8% a year earlier.
Guidance updated: operational EBITDA margin to ~45%
In Fastned’s Q4 2025 Update the company communicated the following guidance for the full year 2026:
- 70-100 new stations operational by year end
- Revenues of €350,000 to €400,000 per station (full-year average), and
- Operational EBITDA margin of 35–40%.
Now, based on these H1 results and the market outlook, Fastned is updating its FY 2026 guidance for operational EBITDA margin. Fastned now expects:
- Operational EBITDA margin of ~45% for FY 2026.
The guidance related to station rollout and average revenues per station remain unchanged. Full-year operational EBITDA will be confirmed in Fastned’s 2026 Annual Report.
Webcast and presentation
Fastned will host a webcast for analysts and investors on 13 August 2026 at 11:00 CET to discuss the H1 2026 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.
‘’These great results show that we are coming into a new phase of our plan to become a leading European charging company. We raised capital, made investments and saw costs accelerate to grow our network and organisation all over Europe. Since then, we’ve heard the question: when will these investments start to pay off? These results show clearly: the answer is now. Revenue continues to grow, costs are leveling off, and operating profit is accelerating.''
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.