Let’s be clear: while the likes of Fastned regularly celebrate significant revenue growth, this typically comes at a high cost for almost all CPOs – namely, thanks to expensive investments in an ever-growing number of locations. However, only a handful of CPOs are listed on the stock exchange and therefore required to disclose their data publicly, as Fastned does.
The recently published financial results for the first half of 2026 from the Dutch CPO thus highlight the broader industry trend: charging providers continue to invest vast sums of money while incurring significant losses, with the charging business remaining a bet on the future. In other words, it depends on a massively increasing number of EVs in the European market, which will need to use charging stations far more efficiently in the future.
So let’s examine the details: in the first half of 2026, the number of Fastned charging sessions rose to 4.1 million (+34 per cent). The volume of electricity sold grew by 38 percent to 112.3 GWh. As a result, revenue from charging operations rose by 40 percent year-on-year to €75.1 million. Fastned increased its gross profit from charging operations by 61 percent to €66 million in the first half of 2026, while gross profit per kWh grew by 17 percent. However, the term ‘gross profit’ is more misleading than it seems, as it essentially means Fastned can resell electricity purchased wholesale at a significant markup to EV drivers. Other costs, however, are not included in this figure.
