GRIDSERVE posts first positive EBITDA as EV charging network revenue jumps 45%

GRIDSERVE has reported a 45% year-on-year increase in charging network revenue, reaching £64 million in 2025, while achieving positive EBITDA for the first time as the UK’s largest public EV charging operator seeks to demonstrate the commercial viability of large-scale EV infrastructure.

The company said its charging network generated EBITDA of £26 million, representing a 40% margin, while group EBITDA reached £3 million for the year ending 31 December 2025. Revenues have grown at a compound annual growth rate of 55% since 2023, with more than three million charging sessions completed across the network during 2025.

The financial milestone comes after a strategic refocus under chief executive Daniel Kunkel, who joined the business in March 2025 from Shell and ubitricity. Kunkel said: “This strong set of results demonstrates the commercial strength of our platform at a time when EV adoption and demand are accelerating across the UK.” He added that government support through a stable long-term policy framework remains important to help accelerate EV adoption and infrastructure investment.

GRIDSERVE said its network maintained 99% availability across more than 200 operational sites during the year. The operator also highlighted customer satisfaction performance, citing a Trustpilot score of 4.2 and industry recognition including Zap-Map’s Driver Recommended Network 2026 award and Electrifying.com’s Charging Network of the Year 2025 title.

The business continued investing in new technologies and infrastructure throughout 2025, including the launch of the Department for Transport-backed Electric Freightway programme.

The initiative saw the opening of what GRIDSERVE described as the UK’s first public electric heavy goods vehicle charging hubs at Baldock and Exeter motorway service areas. The company also introduced its Autocharge plug-and-go payment technology and trialled battery storage systems designed to support high-power charging in areas with grid capacity constraints.

GRIDSERVE’s network now includes more than 1,600 ultra-rapid charging bays, up 19% year-on-year, across over 200 locations. Backed by investors TPG Rise Climate and Infracapital, the company plans to add more than 500 ultra-rapid charge points during 2026 and open a new Electric Forecourt at Markham Vale near the M1 this summer, as competition intensifies in the UK’s rapidly expanding EV charging market.