Aang Unangax̂ Shareholders & Descendants,
As the weather shifts and spring ushers in longer days, we also welcome a new fiscal year starting April 1st – the perfect time to reflect on Aleut’s accomplishments and look ahead to the future. At the heart of everything we do is our commitment to you, our shareholders, ensuring that our decisions and actions align with delivering value and supporting our Unangax̂ communities. I’m filled with gratitude for the hard work, dedication, and collective efforts that have driven Aleut’s continued success over recent years. Thanks to our disciplined approach to growth, we are on track for another record-setting year.
This month, we celebrated a significant milestone as Dave Nevzuroff marked his 50th year with Aleut. Dave’s dedication and leadership over the past five decades have left an incredible impact on our corporation. As a shareholder employee, he has exemplified the strength and value that shareholders bring to Aleut, mentoring colleagues, shaping key initiatives and company culture, and embodying the spirit of team Aleut. You can read more about his incredible life and career on our website here.
On February 1, 2025, we finalized the acquisition of Richards Distributing Inc. (RDI) and transitioned its businesses—Arctic Home Living, Alaska EcoWater, and Renewable Energy Systems—to Aleut’s newest subsidiary, Aleut Energy. This acquisition aligns with Aleut’s commitment to growth and diversification, expanding into the renewable energy and retail industries. Combined with their exceptional reputation and expertise, this allows Aleut to expand our impact across Alaska while continuing to drive value for our shareholders. We’re thrilled to welcome the entire Aleut Energy team into the Aleut family of companies. You can learn more on our website here.
This past year was one of significance for Aleut. The launch of Tayal Brokerage; the establishment of our Settlement Trust and the removal of the debt ceiling; the rebrand of Aleut & two of our subsidiaries (AV & ARE); the purchase of RDI and the formation of Aleut Energy; the continued growth of Aleut Federal; and the many shareholder hires and promotions within Aleut are just a few examples of Aleut’s recent successes—all of which are driven by our vision to serve and uplift our shareholders and communities.
Continuing to build on this momentum, Aleut is forecasting to once again achieve a record-breaking year. While our fiscal year is not quite over, we are tracking towards our highest revenue earnings to date at just under $400 million. That’s an increase of $22 million from last year. This achievement is a testament to our collective efforts and disciplined and balanced strategy.
Importantly, this growth is sustainable, ensuring we remain on track to deliver long-term shareholder value. The 2025 dividend announcement will be made in mid-April, shortly after the close of our fiscal year. It’s been an exceptional year at Aleut, and we look forward to sharing our earnings with you.
We have two upcoming Shareholder Informational Meetings in Scottsdale, Arizona on April 5, and San Francisco, California on April 6. We look forward to providing corporate updates and hearing from our local shareholders on the West Coast! We’ll be kicking off our summer in-region community travel soon after. More information about dates and locations for those meetings will be shared in the coming weeks.
Together, we are building a stronger future for our people—one rooted in our shared mission, values, and vision for sustainable growth.
Qaĝaasakung,
Skoey Aachax̂ Vergen
Aleut President & CEO
March 2025
Board Chair Report
Dear Shareholders & Descendants,
As spring unfolds, it brings a renewed sense of purpose and momentum for Aleut staff and the Board. This season is an opportunity to reflect on our shared progress and look forward to the goals we will achieve together in 2025.
Because of the commitment and action of our shareholders, Aleut was able to establish a Settlement Trust, which will allow for more favorable tax benefits for dividends and benefits for shareholders. Dividend distributions from the Trust will begin this year as well, and we’re excited to share more information with you as it becomes available.
At Aleut, we are committed to supporting shareholder careers, and we are excited to recognize eight shareholder employees who received promotions this year.
Congratulations! Aleut thrives because of engaged shareholders, and we are so proud to see our Unangax̂ shareholders advancing within the corporation and making a difference in our communities.
1. Lauren Boots
2. Kailyn Kashevarof
3. Diana Mack
4. Samantha Mack
5. Melanie Morris
6. Sadie Newton
7. Carmen Philemonof
8. Maggie Samuelson
9. Chasity Wilson
The future of our corporation is shaped by strong leadership, and Aleut’s Board of Directors plays a critical role in guiding Aleut’s strategic direction. If you are interested in serving on the Aleut Board of Directors, the nomination period opens in mid-April, with a deadline of June 11, 2025. We encourage all shareholders who are committed to Aleut’s long-term success to consider running for one of the open seats—visit our website to learn more or access the downloadable application.
Upcoming in April, we are excited to host shareholder informational meetings in Scottsdale, Arizona, and San Francisco, California. These gatherings provide a unique opportunity to connect with shareholders, discuss corporate updates, and engage in meaningful conversations about Aleut’s progress. We value these moments for greater connection with you. We look forward to seeing many of you there! RSVP and location info is on our website here.
Congratulations to this year’s Aleut Marketplace winners: Kjell Mack, Madison Thompson, and Arlene Wilson. Their success reflects the innovation and entrepreneurial spirit of our shareholders, and we look forward to seeing their businesses thrive in the coming years! Stay tuned for more information about our 2025 Aleut Marketplace announcement in the coming weeks!
Looking ahead to summer, we are excited to announce that the annual Aleut Picnic will take place on June 28, 2025. Last year, we enjoyed a beautiful sunny day filled with laughter, celebration, and the joy of gathering as a community. We hope to see many of you again this year to share in this celebration of Aleut’s Incorporation, cheer on our Culture Camp Unangax̂ dancers, and gather together.
On behalf of the Board of Directors, we are proud of the Corporation’s accomplishments this year and we look forward to our continued success.
Qaĝaasakung,
Jenifer Samuelson Nelson
Aleut Board Chair
March 2025