Dutch chargepoint operator Fastned’s revenue grew 40% in the first six months of 2026 but the company still made a net loss of €13m (£11.1m), with the performance of its UK charging hubs negatively impacting the firm’s bottom line.
Fastned operates 434 charging stations across Europe, with the UK home to 39 of these. And while the firm’s main European markets posted positive H1 earnings before interest, taxes, depreciation, and amortization (EBITDA), the opposite was true in the UK.
Fastned’s EBITDA was positive in the Netherlands (€17.4m), Germany (€1.96m) and Belgium (€2.4m) – but in the UK the company reported negative EBITDA of €2.27m (£1.94m) for H1 2026.
And while Fastned was able able to turn France’s EBITDA from a negative €1m in H1 2025 to a slight postive (€152,000) in H1 ’26, in the UK its negative EBIDTA grew, rising from €1.16m in H1 2025.
Such results are indicative of the difficulty of doing business in the UK, particularly where energy, tax and planning matters are concerned. Also noteworthy is that the price gap between domestic electricity and public-chargepoint power is more significant here than in many countries in mainland Europe, making charging hubs less attractive to UK EV drivers than they might be elsewhere.
Fastned’s total revenue from charging increased 40% to €75.m (£64.2m) in H1 2026 compared to the same period last year while its underlying EBITDA rose almost tenfold, from €1.4m (£1.2m) to €13.7m (£11.7m).
The firm’s gross profit rose 60% to €66m (£56.4m), but after all expenses were taken into account Fastned lost €13m (£11.7m) over the period – though this was an improvement on the first six months of 2025, when it lost €18.3m (£15.65m).
The firm estimates its H1 results should be €5m (£4.3m) higher, but it can’t include this figure due to a technical glitch with the Dutch government’s “e-credits” system, which has delayed the transfer of cash brought about by the carbon tokens that legislation in the Netherlands demands fossil-fuel companies pay chargepoint operators for.
Fastned opened 28 new charging hubs in H1 2026 and says the fact its losses shrank dispute the company expanding its network “provides tangible evidence of progress towards profitability” as its fixed costs are spread across an increasing number of charging stations.
Annualised network operation costs stood at €20,600 (£17,600) per charger for the period (down 2% on H1 ’25), while Fastned has 723 new charging hubs in development, with 52 of these planned for the UK.
Michiel Langezaal, co-founder and chief executive of Fastned says the firm’s “great results” demonstrate that the company is “coming into a new phase of our plan to become a leading European charging company”.
He added: “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 levelling off, and operating profit is accelerating.’
