Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced that its preliminary gas income for the second quarter of 2026 is expected to increase 155% to $0.5 million, compared to $0.2 million in the first quarter of 2026. The company attributes this growth to accelerating demand for clean ultra-high purity (UHP) hydrogen and other strategic industrial gases across U.S. and Canadian markets.
Gas income, which encompasses revenues from hydrogen production and regional supply hubs, is a key metric for the company's operational performance. For the first half of 2026, gas income is projected to rise 100% to $0.6 million from nil in the same period of 2025. The company anticipates releasing its full financial and operational results for Q2 2026 on August 28, 2026, after market close, followed by a webinar on August 31, 2026, at 11:00 a.m. EDT.
Benoit Veilleux, Chief Financial Officer and Corporate Secretary, expressed pride in the team's momentum, emphasizing their focus on long-term value creation and expansion of their operational footprint. He noted that the company is delivering impactful, high-purity, and sustainable gas results that benefit shareholders and the broader community.
The growth is driven by sales of clean UHP hydrogen from Charbone's own Sorel-Tracy plant in Phase 1A, as well as UHP helium and UHP oxygen sourced through partners. Demand has accelerated throughout Q2 2026, leading to increased recurring revenues and new customers. The company continues to expand its full-stack platform, including distribution equipment, to support growing demand and future sales growth.
Operating expenses in Q2 2026 are expected to remain relatively comparable to Q1 2026, with continuous performance improvements without significant changes. This suggests that the company is achieving higher revenue without proportional cost increases, improving efficiency.
The preliminary figures are unaudited and subject to change, and final revenues will be supplemented by interim financial statements and management's discussion and analysis filed on SEDAR+.
In a related development, Charbone announced its engagement of IMPAQ Capital Inc. for investor relations services. As part of this engagement, 300,000 stock options previously announced on June 22, 2026, at $0.15 per share and 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. IMPAQ has no direct or indirect interest in Charbone or its securities, aside from these options.
Charbone is focused on developing a network of supply hubs for the production, storage, and distribution of 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 supports scalable growth and enhances operational flexibility, enabling it to serve mid-tier industrial gas customers with reliable supply.
The company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases. Charbone is listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange. For more information, visit www.charbone.com.
The company will host a webinar on August 31, 2026, to discuss Q2 results and corporate updates. Interested parties can register at https://info.rbmilestone.com/charbone-webinar-q2-2026. This announcement highlights the company's growing momentum in the industrial gases market, which is critical for high-precision manufacturing processes and operational performance in advanced technology sectors.
