Easee has moved back into profit after a turbulent period for the EV charging sector, posting a positive result before tax (EBT) of NOK 18.6 million (£1.4m) in 2025.
The Norwegian smart charging company had recorded a pre-tax loss of NOK 414 million (£31.3m) in 2023, meaning the business has swung its EBT by NOK 432 million (£32.7m) over two years.
It is a notable development at a time when plenty of charging firms are finding the market increasingly unforgiving. Petalite entered administration late last year after losing an anchor investor and failing to secure funding in time.
More recently, Trojan Energy collapsed and was sold via a pre-pack process to a subsidiary of Connected Kerb. In 2024, Tritium – one of the best-known suppliers of high-speed DC chargers – went bust before being rescued via a sale to India-based Exicom. And in 2022, premium home charger maker Andersen went into administration, later being acquired by EVIOS.
Against that backdrop, Easee is presenting its latest results as evidence that charging firms can still stabilise – and grow – if they can get costs and execution under control.
“The 2025 result shows that we have regained control of our cost-base, improved margins and strengthened trust in our markets,” says Easee CEO Anthony Fernandez.
“We have been clear about what we should focus on – and equally clear about what we should not. This has made us more focused, more robust and more precise in execution.”
A turnaround built on cost control and compliance
Easee says the turnaround was not an overnight fix. The company characterises 2024 as a transition year, when it still posted a negative result before tax of NOK 269 million (£20.3m), before moving into the black in 2025.
In the intervening period, Easee says it introduced structural changes, reduced costs, improved margins and strengthened operational efficiency – while also tightening compliance and documentation processes.
That last point matters for Easee, which has spent time rebuilding confidence in the wake of regulatory scrutiny in Sweden. In October 2025, Electrive reported that Sweden’s electrical safety authority discontinued its supervisory proceedings against Easee, meaning the company was no longer required to submit annual reports in that case.
Sales rebound, and a shift towards recurring revenues
Easee is also pointing to a commercial recovery alongside the financial one. The company says sales in 2025 returned to – and in several markets exceeded – the levels seen before 2023, and that it regained market share across Europe, with the DACH region its strongest market.
“According to our internal calculations, we regained market share across Europe in 2025 and expect to continue doing so in 2026, with DACH proving to be the strongest market,” Fernandez explains.
The business says it has now sold more than one million chargers across Europe, which it sees as a foundation for ‘flexibility’ services – effectively using connected chargers to help balance demand on the grid. In 2025, Easee says it delivered its first recurring revenues from the flexibility market.
This is where the wider market context bites. Hardware-only growth has become harder as charge point operators and manufacturers compete on price, face rising costs and, in some cases, struggle to raise fresh funding to bridge the gap between installation and utilisation. A Guardian report earlier this month suggested parts of the UK charging market are moving towards consolidation as the sector becomes more capital-intensive.
Easee’s message, by contrast, is that its installed base can support a shift towards software and services – provided it can keep costs under control and continue shipping products.
Investment returns – cautiously
Looking ahead, Easee says profitability will allow it to step back into product development and R&D spending in 2026, including new product and service launches. It is also positioning this as a way to compete in a market where firms increasingly need scale, resilience and a credible route to recurring revenue.
Easee said it plans to continue its growth trajectory on what Fernandez describes as ‘a solid and scalable foundation’.
“Profitability gives us the freedom to continue developing,” noted Fernandez.
“We have several new products and services in the pipeline and see opportunities to enter new markets – giving us clear and realistic ambitions for continued growth.”
For the sector, Easee’s turnaround is a reminder that the charging market is not simply a demand story – it is a capital story. Firms can have decent technology, decent pipelines and even public backing, and still run out of runway if funding tightens or margins collapse.
In that environment, a return to profitability is more than just a balance-sheet milestone. It is a signal to investors, partners and installers that a charging brand is likely to be around long enough to support its products – and to fund the next step, whether that is smarter charging, grid services, or simply building at a pace the market can sustain.
