Active Energy Group (AIM:AEG) said its Ghummud digital infrastructure facility in the United Arab Emirates generated $319,637 in revenue during its first full quarter of operations.
The AIM and OTCQB-listed power infrastructure group completed the Ghummud acquisition on 9 April, with revenue generation beginning after digital infrastructure was redeployed to the site, announced on 5 May.
The three-month figure covers the period to 31 July and marks the facility's first contribution since the deal closed.
The board said performance matches expectations set at the time of acquisition and expects revenue per megavolt-ampere to rise as the site matures and efficiency measures take hold.
Active Energy is evaluating targeted, low-capital enhancements to increase available power capacity at the site, though the assessment is early-stage and any cost, timing or uplift remain unquantified.
Ghummud is the first operational asset in Active Energy's strategy of acquiring and optimising power-backed digital infrastructure across the UAE.
"Ghummud's first revenue is an important milestone," said chief executive Paul Elliott, adding that the site is "progressing towards its previously announced steady-state operating potential through continued improvements in efficiency, uptime and power utilisation."
The company said the results were delivered despite volatility in digital asset markets and geopolitical uncertainty in the Middle East.
News Intelligence what this means for the company
Active Energy's Ghummud facility generated $319,637 in its first full quarter of operations following the April acquisition, matching board expectations. The company is evaluating low-capital upgrades to boost power capacity, though costs and timing remain unquantified. This represents the first revenue contribution from what the company describes as the first operational asset in its UAE digital infrastructure strategy, though the quarterly figure translates to roughly $1.28m annualised—below the AED 4.85m ($1.32m) illustrative run-rate reported for the facility's first full month in June.
The facility is performing within expectations and generating revenue as planned, but the quarterly result does not yet demonstrate whether the June run-rate is sustainable or whether the promised efficiency improvements and capacity upgrades will materialise. The board's commitment to low-capital enhancements is encouraging, but the absence of cost, timing, or uplift quantification leaves material execution risk unresolved.
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