Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced that its preliminary gas income for the second quarter ending June 30, 2026, is expected to increase 155% to $0.5 million, compared to $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 industrial gas supply across North America.
The company attributes the surge to accelerated demand in both U.S. and Canadian markets for clean UHP hydrogen sourced from its Sorel-Tracy plant in Phase 1A, as well as UHP helium and UHP oxygen sourced through partners. This demand has driven increased recurring revenues and new customer acquisition, positioning Charbone for sustained growth. 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 momentum, stating, "Our targeted efforts in North America 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." Operating expenses in Q2 2026 are expected to remain relatively comparable to Q1, reflecting continuous performance improvements without significant cost increases.
The company is also expanding its full-stack platform, including distribution equipment, to support growing demand and expected future sales growth. Charbone plans to release its full financial and operational results for Q2 2026 on August 28, 2026, followed by a webinar on August 31, 2026, to discuss the results and upcoming milestones.
In related news, Charbone announced its engagement of IMPAQ Capital Inc. for investor relations services, effective July 16, 2026. Under the agreement, 300,000 stock options originally granted on June 22, 2026, were cancelled and regranted on July 13, 2026, under identical terms to align with the agreement's start date. IMPAQ has no direct or indirect interest in Charbone's securities other than these options.
Charbone's focus on clean UHP gases is critical for high-precision manufacturing in sectors such as semiconductors, artificial intelligence, data centers, pharmaceuticals, and aerospace. The company's modular, decentralized approach to hydrogen production and integrated storage and distribution platform enables scalable growth and more stable revenue generation, addressing supply gaps for underserved industrial customers.
As the global economy transitions to lower-carbon solutions, Charbone's commitment to accessible, decentralized clean hydrogen and specialty gases positions it to capitalize on increasing demand. The company's preliminary results indicate strong momentum, and stakeholders will be watching for the full Q2 report to confirm the sustainability of this growth trajectory.
