Fastned (FAST) Q3 2026 TU earnings summary

Executive summary

• Q3 charging revenue reached €51.3m, up 63% YoY; electricity delivered rose 43% to 67 GWh, sessions increased 39% to 2.3m, and gross profit grew 44% to €37m.

• The network ended Q3 with 451 operational stations after 17 openings; 65 sites were under construction and 26 new high-traffic locations were signed.

• YTD annualised revenue per station was €395,000, near the top of 2026 guidance.

• 2026 guidance was reiterated: 70–100 new stations, €350,000–€400,000 revenue per station, and ~45% operational EBITDA margin.

Financial highlights

• Charging revenue was €51.3m, including €5.1m of Dutch e-credits recognized after the government transfer portal reopened; excluding the timing effect, revenue was €46.3m, up 47% YoY.

• Gross profit rose 44% YoY to €37m, or €0.55/kWh; the e-credit timing effect did not affect Q3 gross profit.

• Electricity sales grew 43% YoY, sessions rose 39% to 2.3m, and sales at existing stations increased 27%.

• Cash at quarter-end was €82.4m.

Outlook and guidance

• 2026 guidance remains 70–100 new stations, taking the operational network to 476–506; the longer-term ambition is 1,000 stations before 2030.

• Revenue-per-station guidance is €350,000–€400,000; YTD annualised revenue was €395,000, while Q3 run-rate performance exceeded the range’s upper end.

• Operational EBITDA margin guidance remains ~45%; Q4 is expected to be the largest quarter for openings.

• Not all sites under construction are expected to open by year-end, as grid energization and permitting can delay commissioning.