Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, 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 is driven by increased sales of clean ultra-high purity (UHP) hydrogen from its Sorel-Tracy plant and UHP helium and oxygen sourced through partners, reflecting accelerating demand in both U.S. and Canadian markets.
The company expects to release full financial results for the quarter ending June 30, 2026, on August 28, 2026. A webinar to discuss the results is scheduled for August 31, 2026, at 11:00 am EDT. Registration is available at https://info.rbmilestone.com/charbone-webinar-q2-2026.
The preliminary figures also show gas income for the first half of 2026 is expected to reach $0.6 million, a 100% increase from $nil in the same period last year. Operating expenses are expected to remain relatively stable compared to Q1 2026, indicating improved efficiency.
Benoit Veilleux, CFO and Corporate Secretary, commented, "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."
The growth is attributed to increased recurring revenues and new customer acquisitions, as demand for UHP gases continues to rise in sectors such as semiconductors, artificial intelligence, data centers, pharmaceuticals, and aerospace. Charbone's modular, decentralized production and distribution network positions it to serve mid-tier industrial customers who often face supply challenges.
In a separate development, Charbone announced the engagement of IMPAQ Capital Inc. for investor relations services. The previously announced stock options (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 start date of the agreement. IMPAQ has no direct or indirect interest in Charbone's securities other than the options.
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's forward-looking statements involve risks and uncertainties, and actual results may differ materially from expectations.
Charbone continues to expand its full-stack platform, including distribution equipment, to support growing demand and future sales growth. The company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases.
