VivoPower PLC reports company developments tied to its AI data center infrastructure, Power-to-X platform and powered land assets. Recurring announcements cover data center asset activity, reserve-market demand response at the Mo i Rana, Norway site, conference presentations and updates on the company's sovereign AI compute infrastructure strategy.
Company news also covers capital-structure actions, including share conversion matters and registration-statement changes, as well as governance and advisory council updates, material agreements, shareholder voting matters, operating results and financial results.
VivoPower (VIVO) has moved its results conference call and webcast to November 16, 2026, at 8:00 a.m. Eastern Time.
Previously scheduled for November 10, the call is now titled “Strategic Update and Results Presentation” and will cover financial results and strategic developments. Webcast and dial-in details are available on the company’s investor relations website.
VivoPower (Nasdaq: VIVO) reported unaudited first-quarter fiscal 2027 revenue of US$6.8 million, returning to profit from a year-earlier loss. For the three months ended September 30, 2026, net profit was US$577,000 versus a US$7.375 million loss. Operating cash inflow was US$2.1 million versus a US$2.8 million outflow. Mo i Rana generated 95.5% of revenue; Tembo completed its first vehicle fleet deliveries.
The company secured US$50.0 million in convertible preference financing, partly received in cash and partly exchanged for debt, with the balance pending bank approvals. It retired US$28.8 million of shareholder loan principal, while approximately US$16 million of accrued interest remains outstanding. The board approved a separate company for its 2.2GW non-Nordic portfolio and pipeline. After quarter-end, VivoPower abandoned its preferred-tenant lease pursuit and began finalizing terms with another prospective Mo i Rana tenant.
VivoPower (VIVO) reported FY2026 revenue of US$2.6 million, primarily reflecting a partial-period contribution from the Mo i Rana data center.
The IFRS loss from continuing operations widened to US$50.353 million from US$17.306 million, restated. Adjusted EBITDA, a non-IFRS earnings measure, deteriorated to negative US$24.412 million from negative US$11.080 million, restated. Mo i Rana contributed US$2.5 million revenue from bitcoin-mining hosting over 50 days; no definitive AI lease has been signed. VivoPower estimates approximately US$411 million for the proposed first 40MW AI conversion phase, with financing unsecured. Year-end net current liabilities were US$11.95 million. After year-end, US$28.8 million of AWN loan principal was settled through cash and convertible preference shares; approximately US$16 million accrued interest remains outstanding. Tembo's proposed Cactus combination remains subject to approvals.
VivoPower (VIVO) signed definitive heads of agreement with Open Innovation AI to jointly explore and develop sovereign AI data centers. The collaboration covers the Nordics, Mainland Europe, the GCC and selected Asian countries. The partners target at least 1GW of capacity over the next three years.
VivoPower will lead site development, power procurement and facility operations, while Open Innovation AI will provide software for coordinating computing resources, AI operations and security. Sovereign AI infrastructure keeps data and operations under local control. An initial step is the planned deployment of Open Innovation AI software across VivoPower’s portfolio and Nordic pipeline. The signed agreement establishes a collaboration framework; individual projects are intended to proceed through separate project-specific agreements, with definitive documentation to follow.
VivoPower (Nasdaq: VIVO) has mobilized construction for a 40MW first-phase AI data center conversion at Mo i Rana, Norway. It has selected a global AI industry leader as its preferred AI tenant, with design and delivery to follow the tenant’s requirements. Local contractor Øijord & Aanes Entreprenørforretning will deliver site works. Demolition, enabling works and the main building structure will precede mechanical and electrical fit-out; VivoPower expects to award that contract shortly after completing a tender review.
VivoPower acquired the operational facility on April 21, 2026 and has enrolled 30MW of the existing facility in grid balancing services. The conversion is being designed to capture waste heat for productive reuse, subject to technical and commercial feasibility. No definitive agreements have been entered into for heat reuse or other Power-to-X uses of the facility’s energy.
VivoPower (Nasdaq: VIVO) has approved the creation of a separately listed AI Infrastructure Platform to hold its non-Nordic AI data center portfolio and pipeline, comprising in excess of 2.2GW of assets and opportunities across the UAE, Oman, Saudi Arabia, Malaysia, and the Philippines.
The Platform will be headquartered in Singapore, target a pre-IPO institutional and sovereign investment round, then pursue a primary listing on the London Stock Exchange and a secondary listing on the Abu Dhabi Securities Exchange. It is intended to fund construction from its own capital, transferring future construction capex requirements for this portfolio away from VivoPower. VivoPower plans to retain de facto control via anchor shareholding, board representation, and group governance linkage, so shareholders retain economic exposure to non-Nordic upside, although they will not receive direct Platform shares. Completion of the structure and listings remains subject to definitive documentation, regulatory clearances, market conditions, and, where applicable, shareholder approval.
VivoPower (Nasdaq: VIVO) has fully retired US$28.8 million of shareholder debt principal previously owed to founding shareholder AWN Holdings, an entity affiliated with Executive Chairman and CEO Kevin Chin. This eliminates all outstanding principal obligations under the historical AWN shareholder loan facility.
According to VivoPower, US$16.5 million of the debt was cancelled through AWN’s participation in the recently closed US$50 million PIPE 2, receiving 165,000 convertible preference shares on the same terms as third-party institutional investors and subject to a minimum six‑month lock‑up. The remaining US$12.3 million was repaid in cash. The company states that this removes a long‑standing balance sheet overhang, eliminates associated interest expense and materially improves credit quality ahead of its planned Nordic AI infrastructure platform buildout. The transaction, classified as a related party transaction, was reviewed and approved by VivoPower’s Audit and Risk Committee, composed solely of independent directors.
VivoPower (NASDAQ: VIVO) announced a definitive US$50 million strategic private investment in public equity (PIPE) led by New York-based AI data center investor Blue Sky Capital, alongside additional US, EU, UK, Nordic and GCC institutional and family office investors, including entities associated with Executive Chairman and CEO Kevin Chin participating on the same terms.
The PIPE is primarily structured as convertible preference shares with a US$7.50 per share conversion price into a fixed number of Class A Ordinary Shares, carries a 6% annual paid-in-kind coupon, and includes fixed-price warrants set at a premium to market. Net proceeds are earmarked for VivoPower’s Mo i Rana AI data center conversion in Norway and for corporate debt reduction.
VivoPower (NASDAQ: VIVO) has appointed Syed Muhammad Nouman, FCA, as Group Finance Director, effective July 20, 2026. He will also serve as Principal Financial Officer and Principal Accounting Officer for SEC reporting, following ratification by the company’s Audit Committee.
Nouman is a Fellow Chartered Accountant with over 17 years of global finance leadership experience, including audit, IFRS and US GAAP reporting, M&A, commercial finance, real estate and global tax. According to VivoPower, his role will cover group financial control, multi-jurisdictional statutory and public company reporting, enterprise financial planning, working capital, and support for corporate development as the company scales its sovereign AI data center infrastructure business and advances the Tembo business combination.
VivoPower (NASDAQ: VIVO) announced that Noble Capital Markets has initiated company-sponsored equity research coverage with an Outperform rating and a $10.00 price target. The report, authored by Noble senior research analyst Michael Kupinski, is available on Channelchek, where investors can access additional company information and ongoing coverage.