<span item_type="fundamental" item_id="40bc46a109f438176a9b0dfd19b92db7" counter_id="ST/US/PELI" env="prod"></span><span item_type="announcement" item_id="595499116267047553" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 0.</p><p>EPS: As of FY2026 Q3, the actual value is USD 0.04.</p><p>EBIT: As of FY2026 Q3, the actual value is USD -1.265 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>General and Administrative Expenses</strong>: $375,265 for the three months ended October 31, 2025, compared to $43,064 for the three months ended October 31, 2024. For the nine months ended October 31, 2025, expenses were $726,449.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income (Loss)</strong>: $514,636 for the three months ended October 31, 2025, compared to a net loss of $43,064 for the three months ended October 31, 2024. For the nine months ended October 31, 2025, net income was $802,493.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was - $827,919 for the nine months ended October 31, 2025, compared to - $24,525 for the period from July 23, 2024 (inception) to October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li><li><strong>Investing Cash Flow</strong>: Net cash used in investing activities was - $86,250,000 for the nine months ended October 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li><li><strong>Financing Cash Flow</strong>: Net cash provided by financing activities was $87,019,066 for the nine months ended October 31, 2025, compared to $120,848 for the period from July 23, 2024 (inception) to October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Interest Earned on Investments Held in Trust Account</strong>: $888,798 for the three months ended October 31, 2025, and $1,524,470 for the nine months ended October 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Pelican Acquisition Corporation plans to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the technology industry. The company has entered into a definitive Agreement and Plan of Merger with Greenland Exploration Limited and March GL Company, aiming to complete the business combination by June 30, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has not engaged in any operations or generated any revenues to date and will not generate any operating revenues until after the completion of a business combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li><li><strong>Priority</strong>: The company intends to use the net proceeds from the IPO and private placement, including funds held in the Trust Account, to finance the operations of the target business and strategic acquisitions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2037431/000182912625010193/pelicanacq_10q.htm"></span></li></ul>

Pelican Acquisition | 10-Q: FY2026 Q3 Revenue: USD 0