Image: FastnedFastned calculates a 32 per cent increase compared to the first quarter of 2024. Charging revenue rose to 39.2 million euros – 40 per cent higher than the same period last year. As charging revenue grew more strongly than the volume of energy sold, Fastned was able to achieve a higher average revenue per kilowatt-hour. This equates to 0.70 €/kWh in revenue—almost exactly in line with Fastned’s standard tariff. For example, in Germany, the tariff was 0.73 €/kWh in the first quarter before dropping to 0.69 €/kWh from 1 April.The economic performance of the stations improved again in the first quarter. The annualised revenue per station reached 387,000 euros, up from 325,000 euros in the first quarter of 2024. The Dutch company said this demonstrates Fastned’s consistent progress along its efficiency path. Fastned notes organic growth in charging demand as Europe’s electric vehicle fleet continues to expand.More energy was also delivered per charging session: according to Fastned, the company processed 2.1 million charging sessions across nine countries between January and March, marking a 28 per cent increase compared to Q1 2024. On average, 26.5 kilowatt-hours were sold per session. Based on the company’s calculations, this enabled approximately 277 million kilometres to be driven on electricity, saving an estimated 50.3 kilotonnes of CO₂-equivalent emissions. The three key metrics—energy delivered, charging revenue, and number of charging sessions—represent new quarterly records for the company, according to the announcement.Expansion also continued: Fastned commissioned eight new sites in Denmark, Italy, France, and the UK in the first quarter. An additional four sites were expanded or modernised. By the end of the first quarter of 2026, the European Fastned network comprised 414 locations.While the charging revenue and volume of energy sold provide insight into Fastned’s operational business, they do not represent the complete financial results for the first quarter. While Fastned is operationally profitable due to its growing business, the picture changes after depreciation and investments. Due to the capital-intensive expansion across Europe, the company reported a net loss of 30.2 million euros for the full year 2024, despite rising revenues. Fastned finances its growth through loans and bonds: in January, the company secured a multi-million-euro financing framework, and in March, it raised 32 million euros from private investors through a bond issue.“The global events shaking up energy markets in the first quarter of 2026 show the urgent need for Europe to accelerate electrification and decouple itself from unreliable and costly fossil fuel imports,” said Fastned CEO Michiel Langezaal. “Fastned’s continued strong momentum in Q1 2026, with record revenues and increasingly efficient operations, demonstrates our leading role in building the public fast charging infrastructure drivers need to make the transition.”fastnedcharging.com
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