Ghummud Delivers Maiden Revenue of US$319,637
Summary by AI BETAClose X
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
3 August 2026
Active Energy Group plc
("AEG", the "Company" or the "Group")
Ghummud Delivers Maiden Revenue of US$319,637
Active Energy Group plc (AIM: AEG, OTCQB: AEUSF), is pleased to provide an operational update on its Ghummud digital infrastructure facility following the first quarter of revenue generation since completion of the acquisition on 9 April 2026.
Operational Highlights
· US$319,637 revenue generated during the first full quarter of operations.
· Engineering optimisation initiatives continuing to improve efficiency, uptime and power utilisation.
· Evaluation underway to increase available power capacity through targeted, low-capital infrastructure enhancements.
· Performance remains in line with the Board's expectations and supports the operational assumptions outlined at the time of acquisition.
For the three-month period ended 31 July 2026, the Ghummud facility generated US$319,637 of revenue, representing the first revenue contribution since completion of the acquisition on 9 April 2026. Revenue generation commenced during the period following the redeployment of digital infrastructure to the site announced on 5 May 2026. The Board expect the facility's revenue running rate per MVA to increase as the site further matures and efficiency initiatives are implemented.
Ghummud represents the first operational asset within AEG's strategy of acquiring and optimising power-backed digital infrastructure capable of generating recurring revenues whilst providing opportunities for further operational enhancement and future expansion across the UAE.
The Company is also evaluating opportunities to increase the site's available power capacity through targeted infrastructure enhancements. This evaluation is at an early stage; any uplift, cost and timing are not yet quantified and would be subject to the necessary approvals.
The first quarter performance is consistent with the Board's expectations and supports the operational assumptions outlined at the time of the acquisition.
The Board also notes that these results have been delivered during a period of continued volatility in digital asset markets and heightened geopolitical uncertainty within the Middle East. Despite these external factors, Ghummud has continued to perform in line with the Board's expectations, demonstrating the resilience of the Company's operational model and reinforcing confidence in its infrastructure-led growth strategy.
Outlook
The Company expects to provide further operational updates as optimisation initiatives continue and as additional infrastructure opportunities within its expanding UAE development pipeline advance.
The Board remains confident that the combination of disciplined operational execution, targeted infrastructure enhancements and a growing portfolio of power-backed assets positions AEG to capitalise on the accelerating demand for AI, next-generation digital infrastructure and other strategically important industries across the UAE.
Paul Elliott, Chief Executive Officer of Active Energy Group, commented:
"Ghummud's first revenue is an important milestone. Performance since the site began contributing revenue in May is in line with our expectations for this stage of the ramp-up, and as we energise further capacity we expect it to become an increasingly valuable contributor to the Group's recurring revenues.
Importantly, these results have been achieved whilst the site continues to undergo optimisation and during a period of continued volatility in digital asset markets and heightened geopolitical uncertainty within the Middle East. Despite this backdrop, Ghummud has continued to perform in line with our expectations. The facility is progressing towards its previously announced steady-state operating potential through continued improvements in efficiency, uptime and power utilisation.
As we continue to optimise the asset and evaluate opportunities to increase available power capacity through targeted, low-capital infrastructure enhancements, we believe Ghummud has the potential to become an increasingly valuable contributor to the Group's recurring revenues."
The person responsible for arranging the release of this announcement on behalf of the Company is Paul Elliott, Chief Executive Officer.
Ends
Enquiries:
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Active Energy Group Plc |
Paul Elliott (CEO)
Pankaj Rajani (Non-Executive Chairman)
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info@aegplc.com |
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Zeus Nomad and Broker |
Antonio Bossi / Darshan Patel (Investment Banking)
Nick Searle (Sales)
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Tel: +44 (0) 203 829 5000
Tel: +44 (0) 203 829 5633 |
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Website |
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'X' |
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www.linkedin.com/in/active-energy-group-plc/
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