Norwegian smart charging firm Easee has reported a return to profitability after a challenging period for the electric vehicle (EV) charging sector, recording a pre-tax profit of NOK 18.6 million (£1.4m) in 2025. This marks a significant turnaround from a pre-tax loss of NOK 414 million (£31.3m) in 2023, highlighting a swing of NOK 432 million (£32.7m) over two years.
The development comes at a time when many charging companies face a difficult market landscape. For instance, Petalite entered administration late last year after failing to secure necessary funding. More recently, Trojan Energy was acquired by Connected Kerb following a pre-pack sale, while Tritium, a notable supplier of high-speed DC chargers, was rescued through a sale to Exicom after facing insolvency. Similarly, the premium home charger maker Andersen was acquired by EVIOS after going into administration in 2022.
Despite these challenges, Easee’s latest results suggest that companies within the sector can still stabilise and grow by effectively managing costs and execution. According to Easee CEO Anthony Fernandez, the 2025 results reflect improved cost control, better margins, and strengthened market trust. Fernandez emphasised the importance of focus and precision in execution for the company’s success.
Easee characterises 2024 as a transition year, during which it continued to post a negative pre-tax result of NOK 269 million (£20.3m) before achieving profitability in 2025. During this period, the company implemented structural changes, reduced costs, improved margins, and enhanced operational efficiency while tightening compliance and documentation processes. This was particularly crucial following regulatory scrutiny in Sweden, which concluded in October 2025 when Sweden’s electrical safety authority discontinued its proceedings against Easee.
Alongside financial improvements, Easee has also experienced a commercial recovery. Sales in 2025 returned to, and in some markets exceeded, levels seen before 2023. The company regained market share across Europe, with the DACH region emerging as its strongest market. Easee has now sold over one million chargers across Europe, laying the groundwork for offering ‘flexibility’ services that help balance demand on the grid. In 2025, the company achieved its first recurring revenues from this flexibility market.
Looking forward, Easee plans to reinvest in product development and R&D in 2026, exploring new product and service launches. The company is positioning itself to compete in a market that requires scale, resilience, and a path to recurring revenue. Fernandez describes Easee’s growth trajectory as built on a ‘solid and scalable foundation,’ with ambitions for continued growth and expansion into new markets.
For the industry, Easee’s return to profitability illustrates that the charging market is not solely driven by demand but also by capital availability. Even with promising technology and market potential, companies can face challenges if funding dwindles or margins erode. In this context, achieving profitability signals stability to investors, partners, and installers, demonstrating a brand’s capacity to support its products and pursue future developments, whether in smarter charging solutions, grid services, or sustainable growth.
