Fastned (FAST) H1 2026 earnings summary

Executive summary

• Achieved record operational and financial growth in H1 2026, with revenue and EBITDA growth outpacing costs and operational efficiency improving as the organization scaled.

• Delivered 112 GWh of electricity in H1 2026, up 38% year-over-year, and handled 2 million charging sessions in Q2, up 41%.

• Opened 28 new stations in H1, reaching 434 operational stations by end of June across nine countries, with 442 by the call date.

• Avoided 51,500 tons of CO2 in Q2 2026, up 44% year-over-year.

• Net loss narrowed to €13.0 million from €18.3 million YoY, reflecting improved operational leverage.

Financial highlights

• Charging-related revenue was €75.1 million (+40% YoY); gross profit €66.0 million (+61% YoY); operational EBITDA €37.4 million (+109% YoY); underlying company EBITDA €13.7 million (+874% YoY).

• Gross profit per kWh increased to €0.60 from €0.50 in H1 2025.

• Gross profit margin on charging reached 88% (up from 77% in H1 2025).

• Cash and cash equivalents at June 30, 2026: €100.7 million.

• Capital expenditure was €44.7 million in H1 2026.

Outlook and guidance

• Updated operational EBITDA margin guidance to approximately 45% for full year 2026, up from 35-40%.

• Targeting 70–100 new stations for 2026, aiming for 476–506 operational stations by year-end and a long-term goal of 1,000 stations before 2030.

• Revenue per station expected at upper end of €350,000–400,000 range.

• Focus on expanding in high-traffic locations and optimizing network utilization as BEV penetration deepens.

• Continued investment in growth supported by diversified funding sources.