Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced that its preliminary gas income for the second quarter ended June 30, 2026, is expected to increase by 155% to $0.5 million, compared to $0.2 million in the prior quarter. This growth underscores the company's success in expanding its hydrogen production and regional supply hubs for strategic industrial gases.
The company attributes the surge to accelerating demand across U.S. and Canadian markets, including clean ultra-high purity (UHP) hydrogen sourced from its own Sorel-Tracy plant in Phase 1A, as well as UHP helium and UHP oxygen sourced through partners. This demand has led to increased recurring revenues and new customers, positioning Charbone for sustained growth.
For the first half of 2026, gas income is expected to reach $0.6 million, a 100% increase from $nil in the same period last year. Operating expenses for Q2 2026 are anticipated to remain relatively stable compared to Q1, reflecting continuous performance improvements without significant cost increases.
“Our team at CHARBONE is incredibly proud of the momentum we have built over the last quarter, which underscores our unwavering focus on long-term value creation,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary. “Through our targeted efforts in North America, we are not only expanding our operational footprint but also reaffirming our promise to deliver impactful, high purity and sustainable gas results that benefit our shareholders and the broader community alike.”
The company plans to release its full financial and operational results for Q2 2026 on August 28, 2026, after market close, and will host a webinar on August 31, 2026, at 11:00 am EDT. Interested parties can register at https://info.rbmilestone.com/charbone-webinar-q2-2026.
In addition, Charbone announced that it has engaged IMPAQ Capital Inc. for investor relations services. As part of the engagement, stock options previously announced on June 22, 2026 (300,000 options at $0.15 per share, expiring June 22, 2028) were cancelled and regranted on July 13, 2026, under identical terms to align with the effective start date of the agreement.
Charbone is focused on developing a network of supply hubs for UHP strategic industrial gases, serving sectors such as semiconductors, artificial intelligence, data centers, advanced pharmaceuticals, and aerospace and defense. The company's modular, decentralized approach and integrated storage and distribution platform support scalable growth and stable revenue generation, addressing supply gaps for underserved industrial customers.
The preliminary figures are unaudited and subject to change, with final results to be provided in the interim financial statements and MD&A filed on SEDAR+. For more information, visit www.charbone.com.
