Dutch electric vehicle (EV) charging company Fastned reported a wider net loss for the first half of 2025 despite a significant increase in revenue and expansion of its network across Europe.
The company posted a net loss of €19.9 million for the January–June period, compared with a €11.6 million loss in the same period last year.
Fastned said €16.3 million of the losses were linked to the company’s expansion strategy, which included opening 17 new charging stations in five European countries and upgrading several existing locations with additional charging points, such as in Aalscholver, the Netherlands.
Revenue from its charging operations rose 44% to €54.3 million, compared with €37.8 million a year earlier, while gross profit climbed 38% to €41 million.
Fastned supplied 81.4 GWh of renewable electricity in more than 3.1 million charging sessions, up 30% and 24% respectively from last year, with average energy use per session increasing in line with the trend towards larger vehicle batteries.
The company estimated that this output enabled around 406.9 million kilometres of electric driving and avoided 73.8 kilotons of CO₂ equivalent emissions compared with combustion engine use.
Fastned said its financial position remained stable after raising €71 million from investors in two funding rounds during the first half of the year, including significant contributions from private investors in the Netherlands and Belgium. The company’s investor “community” now includes more than 10,000 members.
