Revenue Surge; Iran Conflict No Impact

Quantum Data Energy PLC

31 March 2026

 

Quantum Data Energy PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: QDE

ISIN: GB00BNG90H86

Dated: 31 March 2026

Quantum Data Energy PLC

("Quantum", "QDE" or the "Company")

QDE Generates Strong Electricity Supply and Revenues in Q1 2026

and Update Regarding Iran Conflict Impact

London, UK - Quantum Data Energy PLC (LSE: QDE) is pleased to announce, further to its RNS announcement dated 3 February 2026, that its 100% owned Pyebridge 8.1 MW flexible generation power asset ("Pyebridge") has achieved strong electricity generation of c. 3.3 GWh in Q1 2026, a 61% increase on Q1 2025, reflecting continued strong demand for flexible generation power and underscores QDE's core business model.

Further, the Q1 2026 results reflect that the ongoing Iran conflict did not have a direct material impact on QDE's core business model.

The highlights and further details of the abovementioned matters are outlined below.

Q1 2026 Electricity Generation and Revenues Key Highlights:

·    Pyebridge achieved strong electricity generation output and sales of c. 3.3 Gigawatt/hours ("GWh") for Q1 2026 (January - March 2026), representing an increase of 61% compared to Q1 2025;

·    Pyebridge generated and sold c. 12 GWh of electricity during the 12-month rolling period up to March 2026, representing an increase of c. 74% compared to the same prior year 12-month rolling period;

·    This sustained high output underscores the asset's robust operational performance and the strong demand for flexible generation capacity amid intermittent renewable supply;

·    Pyebridge has achieved average total revenues of c. £285,000 per MW in production per annum over the past rolling 12-month period ending March 2026;

·    During the 12-month rolling period ending March 2026, Pyebridge achieved an average electricity sales price of £126/MWh, representing an outperformance of 65% compared to the average wholesale market electricity price over the same period; and

·    During the 12-month rolling period ending March 2026 Pyebridge generated and sold electricity for an average of c. 12-hours per day, which is around 50% higher than the typical average 8-hours daily demand base-case for a flexgen asset, and further underscores the ongoing strong demand for flexgen power, and QDE's core business model.

Update Regarding Iran Conflict Impact

The QDE Board wishes to assure shareholders that the Company's exposure to the current Iran conflict is considered unlikely and immaterial. QDE's core business model is well insulated from the impact of the conflict, as QDE's Q1 2026 trading results clearly show, for reasons including inter alia the United Kingdom sources less than 1% of its gas supply from the conflicted region, with approximately 70% imported from Norway and the remainder from domestic North Sea production, meaning no direct supply disruption risk to the Company's fuel supply is anticipated. Whilst elevated international gas prices have temporarily compressed spark spreads (the variance between electricity prices and gas prices), electricity forward prices are already repricing upward in line with higher gas costs - consistent with the experience of 2022 during the outbreak of the Ukraine war, when a comparable dynamic preceded the strongest trading year on record for gas-fired flexible generation. The Board is confident that the Company remains well-positioned to benefit as the market reprices, and that its underlying business model is robust.

Pieter Krügel, CEO at Quantum Data Energy PLC, said: "We are delighted with the ongoing strong performance of our Pyebridge flexgen asset, which underscores the ongoing strong demand for flexgen power and QDE's core business model. Further, it is clear that the current Iran conflict does not have a material impact on QDE's business model, which is well insulated and robust. We are actively working on growing our portfolio of flexgen assets to reach our initial target of 300 MW and beyond, and we look forward to updating the market with progress in this regard in due course."

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About Quantum Data Energy PLC:

Quantum Data Energy PLC (LSE: QDE) is a UK-based developer, operator and owner of flexible generation power assets. The Company delivers flexible, modular power solutions to the UK grid and AI datacentres worldwide, enabling scalable, reliable energy for next-generation digital infrastructure. The Company has deep expertise in infrastructure planning, grid access, gas access, and efficient power supply. Its new AI power supply strategy is intended to position QDE as a leading AI infrastructure platform on the London Stock Exchange.

ENDS

This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Pieter Krügel	[e-mail]	Quantum Data Energy PLC	CEO
Guy Wheatley, CFA	[phone]	Fortified Securities	Corporate Broker

 

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