Charging Economics

Is public fast charging profitable? Read from the one operator that publishes audited accounts — one company, not the sector.

Is public fast charging profitable? The one operator with audited public accounts — Fastned, Euronext-listed — earned €122.4m in 2025 (up 47%), with an operational EBITDA of €43.6m — a 36% margin — across 406 stations in 9 countries.

And yet the bottom line stayed red: a net loss of €30.2m, roughly 12% wider than 2024, as capex and grid fees rose. Revenue per station rose to about €331k with utilisation around 13.2% — station economics improving, company economics not yet.

Consolidation is real too: the Spark Alliance (renamed Charge League) pools Ionity + Fastned + Electra + Atlante into a roaming network of over 11 000 points in 25 countries.

One listed company's audited results — a window into the sector, not the sector.

Fastned's audited year, in three bars

million euro — revenue, operational EBITDA, net result

What it says, and what it cannot say

reading one audited window honestly

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