Pelican Acquisition Corporation Ordinary Shares (PELI) Q1 2026 Earnings Report

Executive Summary

Pelican Acquisition Corporation Ordinary Shares (PELI) is reporting QQ1 2026 results in a pre-merger SPAC context typical of the sector. The quarter shows no operating revenue and a net loss of $19.553 million, driven by operating expenses of $19.937 million and a modest other income of $0.384 million. The business currently carries a substantial financing footprint, evidenced by net cash provided by financing activities of $480.197 million and a notable forex impact of $59.073 million, culminating in a net increase in cash of $440.533 million and an ending cash balance of $499.606 million. This liquidity supports the SPAC’s ongoing search for a suitable business combination, but it also masks the absence of operating earnings intrinsic to a traditional asset-management business.

Key Performance Indicators

Operating Income

-19.94K

QoQ: N/A | YoY:N/A

Net Income

-19.55K

QoQ: N/A | YoY:N/A

EPS

-0.01

QoQ: N/A | YoY:N/A

Revenue Trend

Margin Analysis

Key Insights

Revenue: 0 (no reported operating revenue for QQ1 2026)
Other income: 0.384
Operating expenses: -19.937
EBITDA: -19.937
EBITDARatio: N/A

Financial Highlights

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.

Income Statement

Metric	Value	YoY Change	QoQ Change

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	0.00	0.03	+0.0%	View
Q1 2026	0.00	-0.01	+0.0%	View

Pelican Acquisition (PELI) Q1 2026 Earnings Report

Earnings Highlights

Pelican Acquisition Corporation Ordinary Shares (PELI) QQ1 2026 Results – Pre-merger SPAC with robust financing runway and limited operating activity

Executive Summary

Key Performance Indicators

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Pelican Acquisition (PELI) Q1 2026 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

More PELI Quarterly Reports

PELI

Related Financial Data

Sector Analysis: Financial Services

PELI Full Profile

PELI Financial Statements

Earnings Calendar