Completion of Ghummud Acquisition, Issue of Equity

Active Energy Group PLC

09 April 2026

 

9 April 2026

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

Completion of Ghummud Acquisition, Issue of Equity and TVR

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to announce the completion of the acquisition of the Ghummud grid connection asset in Abu Dhabi (the "Asset"), as previously announced on 10 March 2026.

The Asset comprises a 3.5 megavolt-ampere ("MVA") live grid connection, with an active transformer and associated electrical infrastructure, providing approximately 2.975 megawatts ("MW") of immediately available capacity.

This acquisition represents a key early building block in the Company's strategy to scale to 100 MVA of energised capacity within the next 18 months, alongside the previously announced 8 MVA project (on 1 October 2025) and the Kazna 1.5 MVA site (on 17 March 2026).

Investment Case

The acquisition provides the Company with immediate access to energised power capacity with no development lead time. The Asset was acquired at an implied value of approximately £0.57 million per MW, representing a discount to prevailing global benchmarks. This compares favourably with estimated UK replacement costs of between £1.0 million and £1.5 million per MW and also demonstrates a significant cost advantage relative to comparable digital infrastructure deployment costs in the United States. The transaction structure is capital‑efficient, combining a premium equity component alongside deferred cash consideration, and offers a clear and defined pathway to near‑term revenue generation and cash flow.

The Board believes that the acquisition of Ghummud clearly demonstrates the Company's ability to source and aggregate scarce, high‑quality ultra-low-cost power assets at attractive entry valuations, thereby establishing a strong foundation for the development of a scalable digital infrastructure platform.

Financial Potential

Based on internal estimates and current assumptions regarding power pricing, deployment timelines and customer contracting, the Ghummud site has the potential, once fully deployed and subject to securing and maintaining appropriate customer contracts, to generate approximately US$1.8 million in annual gross revenue.

Under these same assumptions, the site is expected to generate between US$0.8 million and US$0.9 million of annual free cash flow at steady state. On this basis, and subject to the successful execution of the Company's deployment and commercial strategy, the Board believes that the project could deliver a relatively short payback period of approximately three years.

Consideration

The total consideration for the acquisition is £2.0 million. This comprises £1.0 million to be satisfied through the issue of 909,090,909 new ordinary shares at a price of 0.11 pence per share, which will be subject to a 12‑month lock‑in arrangement ("Consideration Shares"), together with £1.0 million of deferred cash consideration payable over a 12‑month period. Initial operating profits from the asset are expected to contribute towards the final deferred payment. The Board believes that this transaction structure aligns the interests of all parties, preserves near‑term liquidity and supports the self‑funded scaling of the Company's digital infrastructure platform.

Next Steps

The Company will now proceed with the deployment of modular infrastructure at the site and progress discussions in respect of off‑take arrangements, with the objective of bringing the asset into near‑term revenue generation.

Admission and Total Voting Rights

Application will be made for the Consideration Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur, and dealings to commence, at 08:00 a.m. on 14 April 2026.

Following Admission, the Company's issued share capital will comprise 5,225,482,784 Ordinary Shares, each carrying one voting right. The Company holds no Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 5,225,482,784, which may be used by shareholders as the denominator for calculations under the FCA's Disclosure Guidance and Transparency Rules.

Paul Elliott, CEO of Active Energy, commented:

"Completion of Ghummud is an important step in executing our strategy to build a scaled portfolio of energised infrastructure assets. Alongside our 8 MVA project and the Kazna site, this marks the beginning of a clear pathway towards our targeted 100 MVA platform.

We are securing live capacity at a substantial discount to replacement cost and below comparable US deployment metrics, while avoiding the delays and capital intensity of new-build infrastructure.

This combination of capital discipline, speed to deployment and strong underlying economics is what we believe will drive significant value as we continue to scale."

Active Energy Group Plc	Paul Elliott (CEO) Pankaj Rajani (Non-Executive Chairman)	[e-mail]
Zeus Nomad and Broker	Antonio Bossi / Darshan Patel (Investment Banking) Nick Searle (Sales)	Tel: [phone] Tel: [phone]
Website	LinkedIn	'X'
www.aegplc.com	www.linkedin.com/in/active-energy-group-plc/	(@aegplc) / X

 

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