Dutch fast-charging company Fastned reported annual charging revenue of €122.4 million in 2025, surpassing the €100 million mark for the first time, while posting a wider net loss as it continued to expand its European network.
The company said charging revenue rose 47% from €83.4 million a year earlier, supported by higher utilisation and a growing number of charging sites. The Netherlands remained its largest market, generating €72.8 million, followed by Belgium (€16 million), France (€12.7 million), Germany (€10 million) and the United Kingdom (€8 million).
Fastned’s total revenue reached €139.2 million in 2025, up 66% year-on-year, according to its annual report. In addition to charging income, the figure includes €16.7 million linked to infrastructure agreements, primarily tied to projects under Germany’s “Deutschlandnetz” programme.
The company said this additional revenue stems “from service concession arrangements with the German Highway authorities,” referring to government-supported charging infrastructure projects where a portion of construction costs is subsidised.
Fastned expanded its network to 406 sites across nine European countries in 2025, up from 346 a year earlier. The company said it typically invests about €892,000 per new site, covering equipment, grid connections and construction elements such as its branded canopies.
As a result, operating expenses linked to network expansion rose 48% to €33.9 million, while total capital expenditure reached €86.3 million, mainly for building new charging hubs.
Despite reporting operating EBITDA of €43.6 million, Fastned said this measure does not include key cost items such as infrastructure build-out, depreciation or financing expenses. The company recorded a net loss of €30.2 million for the year, up nearly 12% from 2024.