European fast-charging company Fastned has reported revenue related to charging of €51.3 million (£43.3m) in the third quarter of 2026.
Gross profit increased by 44% year-on-year to €37 million, with Fastned signing agreements for 26 new locations and opening 17 stations across its European network during Q3.
It comes as a further 65 stations are also currently under construction, which is almost double last year – enabling the company to hit its 2026 target of 476-506 operational stations.
Station sales volumes grew in the third quarter, with annualised average volume delivered per station reaching 596 MWh. Organic volume growth was 27% in Q3 2026, broadly in line with 29% growth in the BEV fleet across Fastned’s operating markets.
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% year-on-year. 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.
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.
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.
In Germany, 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 attractive sites and search areas across the country, including some of its most densely populated regions, it said. In France, the opening of Thionville Yutz also marked the launch of Fastned’s first kiosk in the country.
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.
Fastned reiterated its full-year 2026 guidance of 70 to 100 new stations operational by year-end (476 to 506 stations operational).
Michiel Langezaal, CEO at Fastned, said:
“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.”
Tom Hurst, UK Country Director at Fastned, said:
“The wider picture across Europe shows a clear shift towards electric transport, and here in the UK, we are matching that momentum step for step. Opening our landmark 40th hub in Liverpool in August was a proud moment for the team, but we haven’t slowed down by any means, we are already at 42 operational hubs and have more scheduled to launch before the end of the year. As battery costs fall, EV model choices grow, and driver demand soars, our focus remains on expanding our proven station concept to deliver the reliable, ultra-rapid charging network the UK needs.”
Image courtesy of Fastned
