Charbone Reports 155% Surge in Preliminary Q2 2026 Gas Income, Signaling Growth in Clean Hydrogen Market

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 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 expand its clean ultra-high purity (UHP) hydrogen and other industrial gas operations across North America.

The anticipated increase in gas income, which encompasses revenues from hydrogen production and regional supply hubs, reflects a surge in demand from both U.S. and Canadian markets. Charbone expects to confirm multiple sales growth in Q2 2026, 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. The company notes that demand has accelerated throughout the quarter, leading to increased recurring revenues and new customer acquisitions.

For the first half of 2026, gas income is expected to reach $0.6 million, a 100% increase from nil in the same period of 2025. Operating expenses for Q2 2026 are projected to remain relatively stable compared to Q1 2026, as the company continues to achieve 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 host a webinar on August 31, 2026, to discuss its Q2 results and provide an operational update. Interested parties can register at this link.

In addition to the financial update, Charbone announced the engagement of IMPAQ Capital Inc. for investor relations services, with stock options granted under identical terms to those previously announced. This move is part of the company's broader efforts to enhance shareholder communication and market visibility.

Charbone's growth comes amid increasing demand for UHP gases in sectors such as semiconductors, artificial intelligence, data centers, pharmaceuticals, and aerospace, where high-purity gases are critical for precision manufacturing. The company's modular, decentralized approach to hydrogen production and its integrated distribution platform position it to capitalize on the global transition to a lower-carbon economy.

These preliminary figures are unaudited and subject to change. The company plans to release its full financial and operational results for Q2 2026 on August 28, 2026, after market close.