Fastned grows revenue – and losses
To break it down: Fastned has reported a 44-per cent revenue increase compared to the same period last year, but also numerous losses. Revenue for its charging business currently sits at €54.3m, compared to €37.8m in the first six months of 2024 (itself 45 per cent higher than the same figure in 2023). The company also saw a gross profit of €41m on its balance sheet, 38 per cent higher than 2024’s €29.8m.
However, the company did post a net loss of €19.9m in H1 of 2025 – significantly larger than the €11.6m net loss it posted in the same period of 2024. However, Fastned has stated that €16.3m of these losses can be attributed to its Europe-wide expansion; in H1 of 2025, its network grew by 17 new locations in five European countries. Additionally, existing stations were expanded with additional charging points such as in Aalscholver in the Netherlands.
Commenting on the losses, Fastned stated: “This increase is a result of our efforts to scale rapidly across Europe and build our organisation to be ready for a more ambitious future. This is in line with our strategy of increasing our build pace of stations as we move in H2 – historically our most productive period of the year for station construction.”
In terms of output: Fastned reports that it supplied a total of 81.4GWh (an increase of 30 percent) of renewable energy in more than 3.1 million charging sessions (an increased of 24 percent). It means that, on average, slightly more energy was consumed per charging session than in the first half of 2024 – likely due to the trend towards larger vehicle batteries. Fastned has estimated that, within that 81.4GWh, it enabled 406.9 million kilometers to be driven electrically and avoided an estimated 73.8 kilotons of CO2 equivalents if this distance had been driven with combustion engines.
Despite the half-year loss, the company’s financial position is stable, as Fastned raised a total of €71 million from investors in two tranches in the first half of the year. According to the announcement, this includes many private investors in the Netherlands and Belgium, with the “community” now numbering over 10,000 members.
Michiel Langezaal, CEO of Fastned, said: “In the first half of 2025 the EV market has turned a corner and entered its next phase of acceleration, and it is expected to ramp up further. We have continued to make disciplined investments in our network and bring Fastned to more electric drivers, and our revenues continue to grow. We’re building Europe’s fast charging network of the future, and I’m excited for what the rest of the year will bring for Fastned.”
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