Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, has announced preliminary gas income for the second quarter of 2026 is expected to surge 155% to $0.5 million, up from $0.2 million in the first quarter. This growth underscores the company’s successful expansion in the North American market and its ability to capitalize on increasing demand for clean ultra-high purity (UHP) hydrogen and other strategic industrial gases.
The company attributes the anticipated rise to multiple industrial gas sales growth in both the U.S. and Canadian markets, including clean UHP hydrogen from its 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. For the first half of 2026, gas income is expected to increase 100% to $0.6 million, compared to nil in the same period last year.
“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 continues to expand its full-stack platform, including distribution equipment, to support growing demand and expected future sales growth. Operating expenses in Q2 2026 are expected to remain relatively comparable to Q1 2026, reflecting continuous performance improvements without significant changes.
Charbone is also making strategic moves to strengthen its investor relations. On July 16, 2026, the company announced its engagement of IMPAQ Capital Inc. to deliver investor relations services. In connection with this, 300,000 stock options previously announced on June 22, 2026, were cancelled and regranted on July 13, 2026, under identical terms. IMPAQ has no direct or indirect interest in Charbone’s securities, other than the options granted.
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. Additionally, Charbone will host a webinar on Monday, August 31, 2026, at 11:00 am EDT to discuss the results and provide a corporate update. Interested parties can register at https://info.rbmilestone.com/charbone-webinar-q2-2026.
This growth is significant for the industrial gases sector, as it demonstrates the increasing viability and demand for clean hydrogen and UHP gases in critical industries such as semiconductors, artificial intelligence, data centers, advanced pharmaceuticals, and aerospace and defense. Charbone’s modular, decentralized approach to production and distribution positions it to efficiently serve mid-tier customers and address supply gaps, contributing to the global transition to a lower-carbon economy.
The preliminary figures are unaudited and subject to change, with final results to be included in the company’s interim financial statements and MD&A to be filed on SEDAR+. Charbone’s forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.
