Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) 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 significant growth underscores the accelerating demand for clean ultra-high purity (UHP) hydrogen and other strategic industrial gases across North America.
The company attributes this increase to robust sales growth in both U.S. and Canadian markets, 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. Demand has accelerated throughout Q2 2026, leading to higher 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 the nil reported in the same period last year.
Benoit Veilleux, CFO and Corporate Secretary, expressed pride in the team's performance, stating, "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 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, reflecting continuous performance improvements without significant cost increases.
Charbone is also engaging with investors through a webinar scheduled for August 31, 2026, where management will present an overview of Q2 results and upcoming milestones. Interested parties can register at this link.
In related news, Charbone announced its engagement of IMPAQ Capital Inc. for investor relations services. As part of the agreement, 300,000 stock options previously announced on June 22, 2026, were cancelled and regranted on July 13, 2026, under identical terms to align with the effective start date of the agreement.
Charbone is a vertically integrated industrial gases company focused on producing, storing, and distributing UHP gases for sectors like semiconductors, AI data centers, pharmaceuticals, and aerospace. Its modular and decentralized approach supports scalable growth and stable revenue generation. The company's commitment to clean hydrogen and specialty gases positions it well in the transition to a lower-carbon economy.
Full financial results for Q2 2026 are expected to be released on August 28, 2026, after market close. Investors are advised to review the preliminary figures with caution, as they are unaudited and subject to change.
