DBT: Revenue declines 4% in H1 2026, but R3 fast-charging network doubles
DBT group posted H1 2026 revenue of €3.7m, down 4% compared to the first half of 2025.
This contraction reflects a deliberate strategic choice: the gradual discontinuation of slow chargers, a low-margin business.
In return, R3, the fast-charging network launched in 2022, has doubled its revenue to €1.5m and now represents 41% of group revenues. This transformation positions DBT in higher value-added segments.
R3 becomes the group's leading revenue contributor
The R3 fast-charging network recorded activity growth in the first half of 2026. Its revenue reached €1.5m, doubling compared to the first half of 2025 (+103%).
This growth accompanies the network's expansion, which counted 135 stations open as of June 30, 2026, 15 more than on January 1st. The number of charges stood at approximately 100,000 over the semester, up 66% compared to H1 2025. According to the group, this volume could have been higher without the acts of vandalism (cable thefts) that occurred in early 2026.
The R3 economic model, based on recurring revenues linked to the operation of charging hubs, contrasts with DBT's traditional industrial activity. It now represents 41% of consolidated revenue and has emerged as the group's flagship business.
DBT CEV refocuses on fast chargers, revenue declines
The decline in consolidated revenue is primarily attributable to DBT CEV, the historical charger manufacturing business. Its revenue contracted to €1.4m in H1 2026, a decrease of 47% compared to H1 2025.
This decline is not accidental: the group decided to gradually withdraw from the slow charger market, which generated significant volume but low gross margins. This reorientation is part of a refocusing strategy launched nearly a year ago toward Milestone fast chargers.
In parallel, DBT Engineering, the design and engineering subsidiary, posted revenue of €0.8m in H1 2026, up 85% thanks to export sales. This branch reflects positive momentum in higher technology value-added activities.
R3 targets exceeding €3m revenue in 2026
DBT confirmed its 2026 target for R3: revenue exceeding €3m. This target implies an acceleration in territorial coverage: the group reiterates its target of more than 50 new stations installed during 2026, representing an increase in installation pace of more than 50% compared to 2025.
To support this expansion, DBT raised €1.5m in convertible bonds on July 7, 2026, funds intended to finance the growth of R3 and Milestone chargers. Beyond network deployment, R3 is preparing two new development avenues: a turnkey charging offering for businesses (consulting and installation) and a service for the operation and maintenance of charger parks.
These additional services aim to consolidate recurring revenues. The group emphasizes that the expansion of the electric mobility market, supported by France's target of 400,000 chargers by 2030, provides a favorable context, and aims to ultimately return to operating breakeven.
