CHARBONE reports strongest quarter to date in preliminary third-quarter results

Summary

• CHARBONE Corp. reported preliminary Q3 2026 gas income of approximately C$553,000, representing a 21% increase from Q2 & more than three times Q1 income.
• Year-to-date gas income reached nearly C$1.2 million as the company recorded its strongest quarter to date.
• Active customers grew from three to 28 since the end of Q1 2026, while multi-year supply agreements doubled from two to four.
• Monthly deliveries increased from about two to about 12, supported by a trailer fleet expansion from two to 11 units.
• The company now operates four regional supply hubs in Québec, Ontario, Nova Scotia, & New York State.
• CHARBONE maintains an integrated model producing its own hydrogen at the Sorel-Tracy Phase 1A plant using renewable power from Hydro-Québec.
• Hydrogen & helium cylinder filling has been brought in-house to improve margins & control over quality & delivery times.
• Phase 1B expansion at Sorel-Tracy is on track for a fall 2026 launch, with electrolyzer installation & civil work completed.
• Management targets reinstallation of the generator at the Wolf River hydroelectric project in Wisconsin during December 2026.
• A Q3 2026 results webinar is scheduled for December 1, 2026, at 11 a.m. ET to discuss financial results & operational milestones.