To investigate the combustion characteristics of ternary active metal fuels Al/B/Mg （ABM） and Al/B/MgH₂ （ABM-H）， the heat of combustion and minimum ignition energy were studied by using an oxygen bomb calorimeter and a Hartmann tube， respectively. The sub-transient process of flame propagation and the spatiotemporal distribution characteristics of temperature fields were determined by using a high-speed camera system and a high-speed infrared camera system. The results indicate that the calorific values of ABM and ABM-H are 34.1 and 32.2 MJ·kg^-1， respectively， exhibiting increases of 14.4% and 8.1% over pure Al （29.8 MJ·kg^-1）. The minimum ignition energies of ABM， ABM-H， and Al are 160-170， 100-110， and 20-30 mJ， respectively. Compared to pure Al， the combustion duration of ABM and ABM-H increase by 65.5%， 34.5% and the peak flame propagation velocities increase by 12.6%， 23.0%， respectively， at a mass concentration of 625 g·m^-3. At a mass concentration of 500 g·m^-3， ABM-H and ABM exhibit the largest peak flame propagation velocities by 45.05， 38.7 m·s^-1， and the maximum temperatures peak of flame surface by 1856， 1717 ℃， respectively， where ABM-H shows a 7.6% improvement on temperatures peak of flame surface and a faster heating-rate compared to ABM. It suggests that the ABM and ABM-H formulations significantly reduce the explosion risk of the dust/air mixture， and significantly improving the combustion performance. ABM demonstrates superior thermal effects in calorific value and duration of combustion， whereas ABM-H exhibits higher reactivity in terms of minimum ignition energy， flame propagation speed， and temperature rise rate.