Charbone Corporation Reports 155% Increase in Quarterly Gas Income and Operational Advancements

VARENNES, Quebec, August 27, 2026 — Leads & Copy — CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), an industrial gases company specializing in clean hydrogen, announced its second quarter 2026 financial and operational results for the period ending June 30, 2026. The company reported a significant increase in gas income, which rose 155% to $0.5 million in the second quarter of 2026, up from $0.2 million in the preceding three-month period ending March 31, 2026. This growth was attributed to accelerated demand, leading to increased recurring revenues and the acquisition of new customers. CHARBONE is actively expanding its production and distribution capabilities, including the Phase 1B scale-up at its Sorel-Tracy facility, where a second electrolyzer has arrived along with supporting distribution equipment. For the six months ended June 30, 2026, gas income more than doubled to $0.6 million, compared to no income in the same period of 2025.

General and administrative expenses remained controlled, with the company improving its operating leverage as revenues grew. In April 2026, CHARBONE secured $3 million as the initial tranche of a new $10 million secured convertible loan facility, with additional drawdowns possible. Investments in infrastructure are also evident, with property, plant, and equipment assets increasing by $3.5 million since December 31, 2025, due to ongoing development at the Sorel-Tracy site and expansion of distribution networks.

“Our platform is generating revenue across multiple gases and multiple markets, and we are excited about the momentum we are building,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE. “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.”

The company formally changed its corporate name from Charbone Hydrogen Corporation to Charbone Corporation in June 2026, reflecting its broader focus on industrial gases. Post-second quarter, CHARBONE expanded its helium delivery fleet from one unit to five in response to accelerated commercial demand, adding 22 new customers across Quebec and securing supply commitments through 2028. A key physical milestone for the Phase 1B build-out was reached on August 18, 2026, with the delivery of the electrolyzer to the Sorel-Tracy hydrogen production plant, targeting commissioning for fall 2026.

CHARBONE is scheduled to host a webinar on Monday, August 31st, at 11:00 AM EDT to discuss its second quarter results, recent achievements, and upcoming milestones. Interested parties can register via a provided link, with opportunities to submit questions in advance or during the live session. All financial figures are reported in Canadian dollars.

CHARBONE is a vertically integrated industrial gases company focused on producing, storing, and distributing Ultra-High Purity (UHP) strategic industrial gases. The company serves critical sectors such as semiconductors, artificial intelligence, data centers, advanced pharmaceuticals, and aerospace and defense. CHARBONE is building a network of clean UHP hydrogen production plants, employing a modular, decentralized approach with integrated storage and distribution. This model aims to efficiently supply mid-tier industrial gas customers with reliable UHP gases, including hydrogen, helium, and oxygen, addressing regional supply gaps and supporting the transition to a lower-carbon economy. The company is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).

Source: CHARBONE CORPORATION