Subsidiary Updates

Aleut Energy

Aleut Energy has completed its first three months under Aleut ownership and is focused on integration, growth, and seasonal sales. The company participated in several major home shows this spring across Fairbanks,

Anchorage, the Mat-Su, and Kenai—connecting with customers and generating interest ahead of summer installation season.

Its brands—Renewable Energy Systems of Alaska, Arctic Home Living, and Alaska EcoWater—are building a strong sales pipeline to support long-term growth. Aleut Energy’s early momentum helps diversify Aleut’s portfolio while contributing revenue that supports shareholder programs and community investment.

Aleut Federal

Aleut Federal continues to grow its federal contracting portfolio across multiple sectors, strengthening Aleut’s long-term presence in national defense and infrastructure. The Mission and Technology Services Group significantly outperformed its FY25 targets through continued delivery on bridge contracts. The Environmental Services Group was awarded a seat on the U.S. Navy’s Environmental Multiple Award Contract (EMAC) for the Southeast region—a five-year, $49 million opportunity to support cleanup at contaminated Navy and Marine Corps sites.

Meanwhile, the Construction Services Group secured a Department of Energy infrastructure project in Oak Ridge, TN, and three new task orders in Guam under the SABER contract. These wins reinforce Aleut Federal’s reputation for high-quality, safety-focused execution in complex federal environments. By expanding its federal footprint, Aleut Federal drives consistent revenue and helps fund programs that benefit
shareholders and descendants.

Aleut Mechanical

Aleut Mechanical closed out one of its most successful years yet in Fiscal Year 2025 (April 2024–March 2025), thanks to strong project management, experienced leadership, and consistently high-performing teams. With a full backlog of work secured, the team spent the spring season preparing for a busy summer construction schedule. The company also announced the promotion of Constantinos “Dino” Nafpliotis to Vice President. Dino brings over two decades of expertise in Alaska’s mechanical contracting sector, with specialties in complex HVAC and plumbing renovations in challenging environments. Aleut Mechanical’s strong financial performance and growing leadership team ensure consistent contributions to Aleut’s bottom line—providing reliable support for shareholder dividends and future investment in shareholder services.

Aleut Real Estate

Aleut Real Estate continues to grow its impact while deepening its commitment to shareholder hiring. This spring, ARE welcomed new maintenance tech John Rukovishnikoff and two shareholder summer interns, Deedee Nevzoroff and Vega Britt. ARE also recently added associate broker Natalie Travers-Smyre, who brings strong industry connections to support Tayal Brokerage’s success. Additionally, ARE completed the acquisition of Wildbirch, further diversifying Aleut’s real estate portfolio and supporting shareholder and descendant employee  opportunities. These actions not only grow Aleut’s asset base, but provide meaningful employment and training opportunities for shareholders and descendants.

Aleut Ventures

Aleut Ventures achieved its highest earnings in 18 years, thanks to strong fuel sales in Adak and efficient operations across the region. Fuel deliveries were completed in both Adak and Cold Bay in April, and prices were lowered in both communities—providing immediate cost-of-living relief to residents. AV is also investing in new equipment to improve reliability and service delivery on Adak. In April, General Manager Chase Berenson joined Aleut leadership in welcoming 15 members of the U.S. Navy and two U.S. Air Force representatives for site visits and infrastructure assessments. These visits support ongoing collaboration and potential investment in regional development.

To further promote Adak as a destination, AV released a new Adak Travel Guide on its website, offering helpful tips and itineraries for prospective visitors.

AV was also recently featured on two podcasts—Alaska Wild Project and Discover with Lucy—to share insights about travel, logistics, and life on Adak Island. These efforts not only boost awareness of Aleut’s presence in the region but also support tourism, partnerships, and future economic development. AV’s continued success translates directly into increased shareholder value and sustained investment in the Aleut region.

Strata-G Solutions

Strata-G ended the year with profitability above budget, highlighting strong contract execution and disciplined leadership. The team is currently partnering with Aleut Real Estate to develop a new hangar facility in Huntsville, Alabama—a project that will expand Aleut’s capacity in aerospace and defense markets. Business development staff have actively participated in national industry conferences to build relationships and pursue new contracts. Strata-G’s disciplined growth and investment in future-facing infrastructure directly support shareholder value by strengthening Aleut’s position in high-opportunity sectors.