CHARGENasdaq StockholmSoftware - ApplicationIFRS · SEK

ChargePanel

ChargePanel AB is a Stockholm-based software company founded in 2014 that develops a white-label SaaS platform for managing electric-vehicle charging networks. Its system is used by charging-network operators and related partners across the Nordics, Europe, and other international markets, and includes a driver-facing app for charging access and network use.

Revenue10.1m SEK
−19.8 %y/y
Operating profit (EBIT)-0.0m SEK
EBIT margin-0.1%
Net income-10.9m SEK
+8.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-20-1001020m SEK2021: 4.1 m SEK20212022: 4.6 m SEK2022: EBIT -0.02 m SEK20222023: 4.6 m SEK2023: EBIT -15 m SEK20232024: 13 m SEK20242025: 10 m SEK2025: EBIT -0.01 m SEK202510-0.01
RevenueOperating profit (EBIT)

Business

Share of revenue
White-label charging platform88 %

Software used by customers to operate and brand EV charging networks.

Connected charging points12 %

Revenue tied to connected charging outlets and related network usage.

Customers

ChargePanel sells primarily to B2B customers that operate or enable EV charging networks, rather than to individual drivers directly. Its users include charging operators, mobility partners, and organizations that need a branded software layer to manage charging access, billing, and network administration.

Charging network operators

Buy the white-label platform to operate, monitor, and administer charging networks.

Energy and mobility partners

Use the software to offer charging services under their own brand.

Fleet and workplace charging users

Adopt the platform to manage access and usage for employees or vehicles.

International channel partners

Resell or deploy the platform in local markets outside the Nordics.

Strategy

ChargePanel’s strategy centers on expanding its white-label EV charging platform with a customer- and sustainability-led approach. The company aims to grow by adding strategic partners and customers across multiple geographies while keeping the platform independent of specific energy suppliers and charging hardware vendors.

Broaden international customer reachMedium term

A software platform can be deployed across countries with limited physical footprint.

Deepen strategic partnershipsShort term

Partnerships help distribute the platform and accelerate adoption in local charging ecosystems.

Strengthen platform utility for operators and driversMedium term

A better operator workflow and user app improve retention and network usage.

Geography

ChargePanel is headquartered in Stockholm and has its strongest disclosed revenue base in Sweden, with additional business in Norway, the UK, the EU, Africa, the US, Australia, Malaysia, and other markets. The company’s model is geographically flexible because the platform can be deployed across countries, but local EV adoption, regulation, and charging ecosystems affect rollout speed and customer demand.

Risks

ChargePanel depends on EV adoption, customer acquisition, and the ability of its platform to remain relevant across different charging standards and markets. As a software-led B2B business, it also faces concentration risk in its home market, execution risk in international expansion, and competitive pressure from other charging software providers.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer concentration in Sweden1Dependence on EV market growth2International execution risk3Technology and integration risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Customer concentration in SwedenImpact: HighLikelihood: Low

    A large share of revenue comes from one market, so local demand changes matter.

    Exposure: Sweden

  2. Dependence on EV market growthImpact: HighLikelihood: Low

    The platform benefits from charging-network expansion and EV adoption.

    Exposure: Global EV adoption

  3. International execution riskImpact: MediumLikelihood: Low

    Growth outside the Nordics requires local relationships, regulation fit, and support.

    ExposureEuropeAfricaAsia-PacificUS
  4. Technology and integration riskImpact: MediumLikelihood: Low

    The platform must work across hardware vendors and operator systems.

    Exposure: Software platform

Accounting

Judgemental items
SaaS revenue recognition

Recurring platform fees and service elements may be recognized over time depending on contract terms.

Impact: Affects revenue timing and quarterly comparability

Contract classification and performance obligations

White-label platform arrangements may include multiple deliverables.

Impact: Can change when and how revenue is recorded

Foreign currency translation

The company has customers in multiple countries and reports in SEK.

Impact: Can affect reported revenue and other operating income

Seasonality and onboarding timing

New customer launches and network activity may not occur evenly through the year.

Impact: Can create uneven quarterly revenue patterns

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

ChargePanel (CHARGE) Revenue, Earnings & Financials 2025 – Clarifo