Fastned posted first-quarter 2026 revenue of €39.2 million, marking a 40% rise from the year-earlier period, according to its trading update.

Charging volume expanded 32% to 55.6 gigawatt-hours through 2.1 million sessions, covering over 277 million emission-free kilometers. This growth exceeded the 27% increase in battery electric vehicle registrations. The average selling price climbed 6% to €0.71 per kilowatt-hour.

Gross profit jumped 63% to €32.1 million, with the margin per kilowatt-hour improving 23% to €0.58. Annualized revenue per station rose 19% to €387,000, reflecting better network utilization.

The company added eight new fast-charging stations in Denmark, Italy, France, and the United Kingdom, reaching a total of 414 sites across Europe. It also expanded or upgraded four existing locations.

Fastned reaffirmed its full-year 2026 targets: opening 70 to 100 new stations for a total of 476 to 506, average revenue per station of €350,000 to €400,000 (up from €335,000 in 2025), and an EBITDA margin of 35% to 40%.

External factors like rising oil prices and geopolitical tensions are enhancing electric vehicle appeal, the company noted, alongside expanding EV adoption and demand for public charging infrastructure.