European fast charging company Fastned 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 the first half of the year, 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.
New stations
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.
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. The new stations represents a 65% increase in new openings compared with H1 2025 – the company’s strongest first half for station openings to-date.
In the United Kingdom, Fastned opened its first station under its joint venture with Places for London, Transport for London’s property company. In addition, 60 new locations were added to its development pipeline.
Funding
During H1 2026, Fastned further diversified its funding structure, including 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.
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. The second campaign closed on 21 June 2026 and raised €36.5 million.
Michiel Langezaal, Co-founder and CEO, Fastned, said:
‘’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.”
Image courtesy of Fastned
