As we bid farewell to winter and welcome the warmth of summer, I am pleased to share with you the latest from Aleut. In the past few months, we have achieved remarkable milestones and set ambitious goals for the future.
Aleut’s Shareholder Relations team is preparing for community travel to connect with you and share our latest updates. You can find out more about our upcoming travel dates on our calendar.
In April, we proudly announced a dividend distribution of $8 per share, totaling over $4 million to be disbursed among our shareholders. This dividend reflects the transformation of Aleut and the steadfast dedication of our subsidiaries. It underscores our unwavering commitment to maximizing dividends and opportunities for our shareholders.
Closing out fiscal year 2024 (April 1, 2023 – March 31, 2024), we celebrate reaching a revenue milestone of $380 million and an operating income of $38 million, an astonishing feat made possible by the diligent efforts of the Aleut team and subsidiaries.
While these figures are subject to finalization post-audit, they represent our highest earnings to date and reflect our unwavering commitment to you.
As we transition into fiscal year 2025, we remain cognizant of the need for sustained and balanced growth across our diverse portfolio of companies. Our budgetary planning for the upcoming year has been informed by a process of “normalization,” ensuring that future projections are based on reliable comparisons and realistic growth expectations. This strategic approach positions Aleut for continued success and sustainable growth in the years ahead.
As we prepare for our fiscal year 2024 audit and annual report in the coming months, I look forward to sharing further insights into normalization, our progress, and future initiatives.
Building upon the resilience showcased in our documentary, “Against All Odds,” this year’s Annual Meeting theme is “We Persist.” This theme encapsulates the enduring spirit of the Unangax^ people and mirrors Aleut’s unwavering commitment to resilience, adaptability, and progress. Just as our people have overcome adversity with resilience and determination, so too has Aleut. Our journey has been marked by perseverance and growth, and as we look towards the future, we remain steadfast in our commitment to our shareholders.
We Persist.
Qaĝaasakung,
Skoey Aachax̂ Vergen
Aleut President & CEO
Spring 2024
