Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company focused on clean ultra-high purity (UHP) hydrogen and other strategic gases, announced that its preliminary gas income for the second quarter of 2026 is expected to surge by 155% to $0.5 million, up from $0.2 million in the first quarter. This growth underscores the accelerating demand for clean hydrogen and other industrial gases across North America, positioning Charbone as a key player in the transition to a lower-carbon economy.
The company, which operates hydrogen production and regional supply hubs, attributes the increase to multiple industrial gas sales from both U.S. and Canadian markets. Notably, clean UHP hydrogen sourced from its own Sorel-Tracy plant in Phase 1A, along with UHP helium and UHP oxygen from partners, have driven demand. The company expects this momentum to result in increased recurring revenues and new customers, reinforcing its full-stack platform that includes distribution equipment to support future growth.
For the first half of 2026, gas income is projected to reach $0.6 million, a 100% increase compared to the same period last year, when the company reported no gas income. Operating expenses in Q2 are expected 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 will release its full financial and operational results for Q2 2026 on August 28, 2026, after market close. Investors and interested parties are invited to join a webinar on August 31, 2026, at 11:00 AM EDT, where management will present an overview of results and upcoming milestones. Registration is available at this link.
In related news, Charbone announced its engagement of IMPAQ Capital Inc. to provide investor relations services, effective July 13, 2026. As part of the agreement, 300,000 stock options previously granted on June 22, 2026, at $0.15 per share and expiring June 22, 2028, were cancelled and regranted under identical terms to align with the start date. IMPAQ has no direct or indirect interest in Charbone's securities, aside from the options granted.
The company serves sectors such as semiconductors, artificial intelligence, data centers, advanced pharmaceuticals, and aerospace and defense, where UHP gases are critical for high-precision manufacturing. Charbone's modular, decentralized approach to hydrogen production and its integrated storage and distribution platform enable it to efficiently serve mid-tier industrial gas customers, addressing supply gaps and supporting the shift towards localized clean energy.
These preliminary figures are unaudited and subject to change, with final results to be provided in the interim financial statements and MD&A on SEDAR+. The company cautions that forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.
