Fastned (FAST) H2 2025 earnings summary

Executive summary

• Achieved record revenue growth, with charging-related revenues up 47% year-over-year to €122.4 million and total revenues reaching €139.2 million, a 66% increase, driven by network expansion and strong EV adoption across Europe.

• Expanded operational network to 406 stations in nine countries, surpassing 400 stations for the first time and securing over 660 locations, progressing toward the 2030 target of 1,000 stations.

• Raised over €110 million through three retail bond issues, supporting accelerated rollout and organizational scaling, while maintaining a strong cash position of €69.9 million at year-end.

• Continued focus on operational excellence, customer experience, and sustainability, with over 165,900 tonnes of CO2e avoided and 100% renewable energy supplied.

Financial highlights

• Charging-related revenue: €122.4 million (+47% vs. 2024); total revenue: €139.2 million (+66%).

• Gross profit from charging: €96.2 million (+41%); gross margin: 79%.

• Operational EBITDA: €43.7 million (+34%); EBITDA margin: 36%.

• Net loss: €30.2 million (vs. €26.6 million in 2024); EPS (diluted): €-1.55.

• Cash flow from operations: €-20.4 million, impacted by working capital changes; cash and equivalents: €69.9 million.

Outlook and guidance

• Target to operate 1,000 stations by 2030 remains unchanged, with plans to accelerate build pace and deepen coverage on major European corridors.

• Anticipates continued growth in BEV adoption and charging demand, with focus on high-value locations and scalable station designs.

• Ongoing investments in grid solutions, battery storage, and digital customer experience to support future growth.