Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, has announced that its preliminary gas income for the second quarter of 2026 is expected to increase by 155% to $0.5 million, up from $0.2 million in the first quarter of 2026. This growth underscores the company's successful execution of its strategy to capitalize on the accelerating demand for clean ultra-high purity (UHP) hydrogen and other strategic industrial gases in the U.S. and Canadian markets.
The company's gas income encompasses revenues from its hydrogen production and regional supply hubs for all industrial gases. The preliminary results indicate that in Q2 2026, Charbone anticipates confirming multiple industrial gas sales growth, including clean UHP hydrogen sourced from its own Sorel-Tracy plant in Phase 1A, as well as UHP helium and UHP oxygen sourced through partners. Demand has accelerated throughout the quarter, leading to increased recurring revenues and new customer acquisitions. This momentum is expected to continue as Charbone expands its full-stack platform, including distribution equipment, to support growing demand and future sales growth.
On a year-to-date basis, gas income for the first half of 2026 is expected to increase by 100% to $0.6 million, compared to $nil in the same period of 2025. Operating expenses in Q2 2026 are anticipated to remain relatively comparable to Q1 2026, 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. 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,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.
The company will release its full financial and operational results for the second quarter ending June 30, 2026, on Friday, August 28, 2026, after markets close. A webinar to discuss the results and provide a corporate update is scheduled for Monday, August 31, 2026, at 11:00 am EDT. Interested parties can register at: https://info.rbmilestone.com/charbone-webinar-q2-2026.
In a related development, Charbone announced its engagement of IMPAQ Capital Inc. for investor relations services, effective July 16, 2026. As part of the compensation, 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 starting date of the agreement. IMPAQ has no interest, directly or indirectly, in Charbone or its securities, other than the options granted.
This strong performance highlights Charbone's role in meeting the growing demand for UHP gases across critical sectors such as semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies. The company's modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform, positions it well for scalable growth and more stable, diversified revenue generation. As the global economy transitions to a lower-carbon future, Charbone's commitment to providing accessible, decentralized clean hydrogen and specialty gases addresses supply gaps for underserved industrial customers.
The preliminary figures are unaudited and subject to change, with final results to be provided in the company's interim financial statements and MD&A to be filed on SEDAR+.
