Fastned continues revenue growth in Q3

Fastned, the Dutch fast-charging operator, has released its Q3 2025 results, reporting continued growth in its charging business. Revenue from charging reached €31.5 million, a 44% increase compared with Q3 2024, matching the growth rate seen in the first half of the year. The summer months contributed strongly, with revenue in Q3 surpassing the first two quarters combined; H1 2025 revenue totalled €54.3 million.Energy sales and charging sessions also reached new records: 46.8 GWh of energy sold represents a 32% increase year-on-year, while 1.7 million charging sessions are up 27% on Q3 2024. Fastned estimates that this avoided 42.4 kilotonnes of CO2-e emissions.Fastned provides limited information on profitability. The company reports a gross profit of €25.4 million (+40%) but does not disclose net profit or net loss figures, nor group-wide EBITDA. In H1, the company operated with a positive EBITDA but recorded a net loss of €18.3 million due to ongoing investments in network expansion. Net results for the full year 2025 are expected with the annual report.Q3 data provide insight into the performance of an average charging station and selected country metrics. Fastned operates 380 stations, with the number of chargers per location increasing from 6.0 to 6.4. Daily charging sessions per station rose from 45 to 49, resulting in average daily energy sales per station of 495 MWh, up from 437 MWh. Despite higher operating costs, the increase in revenue per station led to growth in operational EBITDA per station.During Q3, Fastned commissioned 19 new stations, including its first fast-charging park in Spain, two stations in Gentbrugge, Belgium, branded as “a vision for the future of EV charging,” and the first station directly on a German motorway as part of its Germany network. Fastned expects to exceed 400 stations by the end of 2025.An innovative new project will follow: the company received planning permission for an indoor drive-thru fast-charging park in Aberdeen, Scotland, due to open in winter 2026. The site will feature 12 charging points at 400 kW, with a building offering amenities such as seating and toilets.Fastned has secured over 100 additional sites, bringing it past the halfway point towards its target of 1,000 stations by 2030. More than half of Fastned’s network is now outside the Netherlands. The company is preparing a third bond issuance in 2025, expected to close by the end of October, to finance continued expansion.“Our Q3 results show how our concept continues to outperform the market – and the only way is up,” said Fastned CEO Michiel Langezaal. “Fastned is now a pan-European company, scaling fast and playing a vital role in Europe’s transition, both on and off the motorway. As the road towards 2035 and an electric-only future becomes clearer, Fastned is in a great position to keep growing and leading the industry as a major European player in the charging market.”fastnedcharging.com (financial report), fastnedcharging.com (PDF), fastnedcharging.com (Aberdeen)

Automobile Magazine-UK