CHARBONE Reports Q2 2026 Financial Results, Confirming 155% Gas Income Growth
Varennes, Quebec, August 27, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce its second quarter 2026 financial and operational results for the six-month period ending June 30, 2026. CHARBONE will also be hosting a webinar on Monday, August 31st at 11:00am EDT which interested parties can register below.
In Q2 2026, gas income across CHARBONE’s hydrogen production plants and regional supply hubs for all industrial gases increased 155% to $0.5 million from $0.2 million for the prior three-month period ending March 31, 2026. Demand accelerated throughout Q2 2026, driving increased recurring revenues and new customers. CHARBONE continues to expand its full-stack platform, including the Phase 1B scale-up at Sorel-Tracy, following arrival of the second electrolyzer on site, along with distribution equipment deployed to support growing demand and expected future sales growth from new and existing customers.
Q2 2026 HIGHLIGHTS:
Gas income increased 155% to $0.5 million in Q2 2026, compared to $0.2 million in Q1 2026.
For the six months ended June 30, 2026, gas income increased 100% to $0.6 million, compared to $nil in the same period of 2025.
General and administrative expenses remained disciplined in Q2 2026, with the Company continuing to improve its operating leverage relative to growing revenues.
On April 29, 2026, the Company drew down $3 million as the first tranche of its new $10 million secured convertible loan facility, with additional optional drawdowns available during the term.
As of June 30, 2026, property, plant and equipment assets increased by $3.5 million since December 31, 2025, reflecting ongoing investment in the Sorel-Tracy Phase 1B build-out and distribution infrastructure.
“Our platform is generating revenue across multiple gases and multiple markets, and we are excited about the momentum we are building. Across North America, we are expanding our footprint and delivering UHP, sustainable industrial gases to customers who depend on reliable regional supply. At the same time, we remain focused on operational performance and capital discipline. With the Phase 1B electrolyzer now on site at Sorel-Tracy, we are advancing commissioning on track for fall 2026. Our vision is quickly becoming a reality and we continue to execute on this growth for the long-term benefit of our shareholders,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.
As of June 3, 2026, the Company’s corporate name was formally changed from Charbone Hydrogen Corporation to Charbone Corporation, reflecting its evolution into a full-spectrum industrial gases platform. Subsequent to Q2 2026, CHARBONE also expanded its dedicated helium delivery fleet from one unit to five following accelerated commercial demand, adding 22 new customers across Quebec and securing long-term supply commitments through 2028. On August 18, 2026, the Company announced the delivery of the Phase 1B electrolyzer to its Sorel-Tracy hydrogen production plant, marking the most significant physical milestone to date for the Phase 1B build-out. Commissioning is targeted for fall 2026.
Reminder: Charbone to Host Second Quarter Results and Corporate Update Webinar
CHARBONE invites all investors and other interested parties to register for the webinar at the link below. Management will be presenting an overview of its Q2 2026 results, recent operational achievements, and upcoming milestones. There will be an allotted time for Q&A. You may submit your question(s) beforehand in the registration form or live on the webinar platform.
On July 16, 2026, CHARBONE announced its engagement of IMPAQ Capital Inc. (“IMPAQ”), an independent service provider, to deliver investor relations services. In connection with this engagement, the Company is providing the following update regarding the compensation granted to IMPAQ. Stock options previously announced on June 22, 2026 (300,000 options at $0.15 per share, expiring June 22, 2028) were cancelled and regranted on July 13, 2026, under identical terms to aligned with the effective starting date of the agreement. IMPAQ has no interest, directly or indirectly, in CHARBONE or its securities, or any right or intent to acquire such an interest other than the options announced herein.
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).
Forward-Looking Statements
This press release contains statements that constitute “forward-looking information” within the meaning of Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. Forward-looking statements reflect the respective expectations, estimates or projections of Charbone’s management regarding future results or events, based on opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations expressed in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to differ materially from those expressed in the forward-looking statements. Risks and uncertainties related to Charbone’s activities may affect forward-looking statements. These risks, uncertainties and assumptions include, without limitation, those described under “Risk Factors” in the Company’s management discussion and analysis for the period ended September 30, 2025, which can be accessed on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Unless required by applicable securities laws, Charbone does not undertake to update or revise the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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