Greenland Energy Co 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File No.333-294995 GREENLAND ENERGY COMPANY(Exact Name of Registrant as Specified in Its Charter) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of May 13, 2026, the Registrant had 43,730,194 shares of Common Stock outstanding. TABLE OF CONTENTS PageNumberPART I - FINANCIAL INFORMATION1Item 1. Condensed Consolidated Financial Statements1Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations12Item 3. Quantitative and Qualitative Disclosures About Market Risk15Item 4. Controls and Procedures15PART II - OTHER INFORMATION16Item 1. Legal Proceedings16Item 1A. Risk Factors16Item 2. Unregistered Sales of Equity Securities and Use of Proceeds16Item 3. Defaults Upon Senior Securities17Item 4. Mine Safety Disclosures17Item 5. Other Information17Item 6. Exhibits18SIGNATURES20 Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this “Quarterly Report”) of Greenland Energy Company (“Greenland Energy,” the “Company,”“we,” “our,” and “us”) contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Allstatements, other than statements of historical fact included in this Quarterly Report, are forward-looking statements. Forward-lookingstatements include, but are not limited to, statements regarding our business strategy, exploration plans, drilling activities, expectedtiming of operations, capital requirements, liquidity, financing plans, use of proceeds, regulatory approvals, contractor engagement,equipment procurement and mobilization, resource potential, market conditions, public company costs, and other statements that arenot historical facts. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,”“potential,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions may identify forward-looking statements,although not all forward-looking statements contain these words. These forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risksand uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risksand uncertainties include, but are not limited to: risks relating to our limited operating history; our exploration-stage status; our abilityto obtain sufficient financing; our ability to execute our exploration program on the expected timeline or at the expected cost;geological and technical uncertainties inherent in oil and gas exploration; the absence of proved reserves or production revenues;commodity price volatility; regulatory, permitting, environmental and political risks associated with operations in Greenland; Arcticoperating and logistics risks; reliance on third-party contractors, advisors and service providers; public company costs and complianceobligations; our ability to maintain Nasdaq listing requirements; volatility in the trading price of our securities; and the other risks anduncertainties descri