Pelican Acquisition (PELI) Q1 2026 Earnings Report

Summary of key metrics (USD millions unless noted otherwise):
- Revenue: 0 (no reported operating revenue for QQ1 2026)
- Other income: 0.384
- Operating expenses: -19.937
- EBITDA: -19.937
- EBITDARatio: N/A
- Operating income: -19.937
- Income before tax: -19.553
- Net income: -19.553
- EPS: -0.01; EPS diluted: -0.01
- Weighted average shares outstanding: 2.70 million
- Cash flow from operating activities: -39.664
- Net cash provided by (used in) financing activities: 480.197
- Net change in cash: 440.533
- Cash at end of period: 499.606
- Cash at beginning of period: 59.073
- Total assets: 670.572
- Total current assets: 501.456
- Total current liabilities: 703.341
- Short-term debt: 700.000
- Total liabilities: 703.341
- Stockholders’ equity: -32.769
- Net debt: 200.394
- Free cash flow: -39.664
- Liquidity note: Forex effects contributed 59.073 resulting in a net cash increase alongside financing activity inflows.