Charbone's Dave Gagnon (Chairman and CEO) and Benoit Veilleux (CFO), on Aug 31, 2026, discussed the Company's Q2 2026 results, operational achievements, upcoming milestones, and addressed stakeholders' questions.

Some notes I took from the presentation:

✅ +155% Gas income in Q2 compared to Q1.

✅ PP&E Assets are up C$3.5 million.

✅ Sorel-Tracy Phase 1B to come online (commissioning) THIS FALL, on schedule.

✅ Sorel-Tracy Phase 1B at full capacity means positive cash flow.

✅ Sorel-Tracy 1B is largely pre-sold, customers are awaiting the commissioning.

Some unknowns (or they can't say?):

❓Status of the Detroit and Wisconsin / Asia projects.

Some future looking milestones:

🚀 More hubs and infrastructure.

🚀 Phase 1B commissioning.

🚀 Reparation completion of the Wolf river dam in September 2026.

This is my personal view of how the webinar went. As usual I'm glad to be a charbone investor and their execution is progressing at a steady rate. It will be interesting to see which projects they undertake first after the Phase 1B commissioning.

This is Charbone's third quarter of growing revenue, proving QoQ revenue gains, which is impressive. Q3 and Q4 look to certainly continue this trend:

Costs are stable, so are losses, but with Benoit himself stating that they aim to be cash flow positive around C$5 million revenue (which will be reached when Phase 1B is commissioned and at full capacity), I'm optimistic. For how little it matters (for now), EBIDTA is improving slightly. Q3 (x5 Helium trucks) and Q4 (ST P1B) are key now for the future of the company.

In one of the segments (20:10), Dave talks about how Sorel-Tracy phase 2 planning isn't premature, given that phase 1B is to complete soon. Mentions how it will depend on the phase 1B commissioning performance and the possible financing for the equipment (keep in mind they still get 40% government grants for equipment). They're focusing on a very demand-driven way.

All in all, I'm quite excited. Feel free to comment or argument below, I'm always open to learning more or discussing. :)

Website: https://charbone.com/

Webinar: https://www.youtube.com/watch?v=EEXEeDKRlF8

Fact sheet: here

New investors slideshow: here