Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced that preliminary gas income for the second quarter ending June 30, 2026, is expected to surge 155% to $0.5 million, up from $0.2 million in the previous quarter. This growth reflects accelerated demand across the company's hydrogen production and regional supply hubs for industrial gases in both the U.S. and Canadian markets.
The company attributes the increase to robust sales of clean ultra-high purity (UHP) hydrogen from its Sorel-Tracy plant, as well as UHP helium and UHP oxygen sourced through partners. This momentum is expected to translate into higher recurring revenues and an expanding customer base, with the company continuing to invest in its full-stack platform, including distribution equipment, to support future growth.
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. Operating expenses are projected to remain relatively stable, reflecting ongoing efficiency improvements.
“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, CFO 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 release full financial and operational results on August 28, 2026, after market close, and will host a webinar on August 31, 2026, at 11:00 am EDT. Interested parties can register here.
In a separate development, 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 aims to enhance shareholder communication and market visibility.
Charbone is focused on developing a network of supply hubs for UHP strategic gases, serving sectors such as semiconductors, AI and data centers, pharmaceuticals, and aerospace. Its modular, decentralized approach is designed to provide reliable supply and stable revenue generation, supporting the transition to a lower-carbon economy.
