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 and gross profit increased 44% to €37m.

• The network reached 451 operational stations after 17 Q3 openings; 65 locations were under construction and 26 new location agreements were signed.

• 2026 guidance was reiterated at 70–100 new stations and €350k–€400k revenue per station; YTD annualised revenue per station was €395k.

Financial highlights

• Charging revenue was €51.3m, including €5.1m of Dutch e-credits carried over from Q1; like-for-like revenue was €46.3m, up 47% YoY.

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

• Electricity delivered increased 43% to 67 GWh and charging sessions rose 39% to 2.3m; existing-station sales grew 27% versus 29% BEV fleet growth.

Outlook and guidance

• 2026 guidance: 70–100 new stations, reaching 476–506 operational stations, and €350k–€400k revenue per station; operational EBITDA margin target remains ~45%.

• YTD annualised revenue per station reached €395k; 65 sites under construction support the Q4 pipeline, though grid and permit delays may defer openings beyond year-end.

• Long-term target is 1,000 stations before 2030; location acquisition is running at more than 100 annually.