Charbone Hydrogene annonce les resultats financiers T3 2025
Executive Summary
- Charbone reports a 17 % reduction in net operating loss to C$577,159 for the three‑month period ended September 30 2025.
- Completed Phase 1A construction of the Sorel‑Tracy UHP hydrogen plant; commissioning is underway and first hydrogen production is expected within days.
- Executed multiple financing transactions—including a private placement of $1,012,980, debt settlement units of $1,776,827, and issuance of 13,333,334 common shares for the acquisition of hydrogen equipment from Harnois Énergies Inc.—raising roughly $3 million in net proceeds.
Key Details
- Financial Performance (Q3 2025)
- Net operating loss: C$577,159 vs. C$697,894 in Q2 2024 (‑17 %).
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Revenue recognized from progress on the Malaysia green‑hydrogen collaboration framework agreement.
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Financing Activity
- Issued additional secured convertible debentures of $303,634 (total outstanding $2,050,000); 12 % annual interest payable monthly; conversion price $0.07 per share; maturity in one year.
- Closed a private placement raising $1,012,980 (including $551,000 received in October 2025).
- Settled debt with issuance of units valued at $1,776,827 (including $503,125 issued in October 2025).
- Issued management debt‑settlement shares worth $310,000.
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Exercised warrants for a total of $657,672 (including $452,345 exercised in Q3 2024).
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Acquisition & Asset Transfer
- Signed asset purchase agreement with Harnois Énergies Inc.; acquired and relocated hydrogen production and refueling equipment to the Sorel‑Tracy site.
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Issued 13,333,334 common shares at $0.075 per share, providing a cash consideration of $1 million to Harnois Énergies Inc.
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Operational Milestones
- Phase 1A construction of the Sorel‑Tracy ultra‑high‑purity hydrogen plant is complete; all components installed and connected; commissioning tests in progress.
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First helium delivery completed in October 2025 following a new supply agreement with a leading U.S. industrial gas producer, marking the start of revenue generation from industrial gas distribution.
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Strategic Partnerships
- Revenue‑recognition related to ongoing collaboration framework for a green‑hydrogen project in Malaysia (announced Q2 2025).
- New supply agreement with a major U.S. industrial gas producer to expand Charbone’s product offering.
Notable Quotes
“La direction est déterminée à poursuivre ses efforts pour structurer des ententes visant à financer de nouveaux investissements et l'expansion des projets,” – Benoît Veilleux, Chief Financial Officer & Corporate Secretary, Charbone.
All forward‑looking statements are subject to risks and uncertainties detailed in the company’s prospectus and SEDAR filings.