<span item_type="fundamental" item_id="61ce4d3d67972e581866a45461dff524" counter_id="ST/US/PELIR" env="prod"></span><span item_type="announcement" item_id="561054930254891777" env="prod"></span><p>Revenue: As of FY2026 Q2, the actual value is USD 0.</p><p>EPS: As of FY2026 Q2, the actual value is USD 0.03.</p><p>EBIT: As of FY2026 Q2, the actual value is USD -969.9 K.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Interest Income</strong>: For the three months ended July 31, 2025, interest income was $638,657, and for the six months ended July 31, 2025, it was $639,041.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: For the three months ended July 31, 2025, net income was $307,410, and for the six months ended July 31, 2025, it was $287,857.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li><li><strong>General and Administrative Expenses</strong>: For the three months ended July 31, 2025, these expenses were $331,247, and for the six months ended July 31, 2025, they were $351,184.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended July 31, 2025, net cash used in operating activities was - $460,093.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: For the six months ended July 31, 2025, net cash used in investing activities was - $86,250,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the six months ended July 31, 2025, net cash provided by financing activities was $86,903,260.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Investments Held in Trust Account</strong>: As of July 31, 2025, investments held in the trust account amounted to $86,885,672.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Pelican Acquisition Corporation plans to effectuate its initial business combination using cash from the IPO proceeds and private placement units, with a focus on target businesses within the technology industry globally.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a merger agreement involving a series of mergers with Greenland Exploration Limited and March GL Company, aiming to become a publicly traded company on Nasdaq under the name Greenland Energy Company.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625007404/pelicanacq_10q.htm"></span></li></ul>

PELICAN ACQUISITION CORPORATION SHS USD0.0001(S/R 02/05/2030) | 10-Q: FY2026 Q2 Revenue: USD 0