Aang Unangax̂ Shareholders & Descendants,
As the seasons shift and we prepare to welcome a new year, I am filled with gratitude for our Aleut family. Each year brings challenges, changes and opportunities, yet each year, our community rises to meet them. The strength of our Corporation continues to come from our commitment to our people and our shared mission.
This fall, we hosted one of our largest Annual Meetings. More than 300 shareholders joined us in person, and many more tuned in online. It was a powerful reminder of the connection we all share and the momentum we continue to build together. The theme, “Horizons,” felt especially fitting as we reflected on Aleut’s extraordinary growth over the last few years. We’ve come a long way, and the most exciting chapters of Aleut’s story are still ahead.
Congratulations to Kyle Foster, Okalena Patricia Lekanoff-Gregory, and Dr. Gary L. Ferguson II on their reelection to the Aleut Board of Directors. We are grateful for their continued leadership and guidance.
For the first time, we held a Shareholder Q&A panel that allowed us to answer 57 unique questions submitted directly by our shareholders. This format allowed us to address more questions, include more shareholders, and cover a wider range of topics. Thank you to our shareholders for being open and willing to try something new. You can read all submitted questions and responses in the printed newsletter or access them online via our Q&A webpage directly by clicking here.
As we approach the final quarter of FY26, we are tracking toward another strong year—despite unexpected challenges, including the recent federal government shutdown. Even with tighter budgets, we are ahead of our profit targets. Aleut’s teams across the enterprise have delivered exceptional results by securing contracts, adapting to new environments, and advancing projects that support shareholder success.
As we move into strategic planning for FY27, we’re focused on the future. Our sights are set on achieving $1 billion in revenue by 2033, a benchmark that reflects our disciplined focus on performance, diversification, and creating long-term opportunities that deliver meaningful shareholder returns. Everything we do is rooted in our mission: to serve our shareholders, strengthen our communities, and build value that endures. Thank you for your continued trust, participation, and partnership.
From all of us at Aleut, we wish you a safe, joyful holiday season and a strong start to 2026.
Qaĝaasakung,
Skoey Aachax̂ Vergen
Aleut President & CEO
December 2025
Board Chair Report
Aang Shareholders and Descendants,
As winter settles across our region and we move into a time of reflection and celebration, I find myself thinking about the strength of our Aleut community, how deeply we are rooted in one another, and how far we’ve come together. This past year has been full of connection, engagement, and continued progress, all made possible by your participation and support.
In early October, we were glad to welcome more than 200 shareholders to our Open House at Aleut’s new headquarters in Denali Towers. It was important to us that you not just see where we work but also spend time in the spaces we created for you. The afternoon was full of good conversation and laughter, and there was a real sense of pride throughout the building. One of the most memorable moments happened without any planning—an impromptu Elders’ roundtable in the boardroom that quickly became a favorite for those who were there. That kind of connection is what these spaces are meant for. Since the move, our Shareholder Care Center has seen between 20 and 40 walk-in visitors each month, which tells us these resources are being used and appreciated.
One of the year’s highlights was the Unangax̂ Communities Conference, where the Board had the privilege of participating in a Q&A session. The questions we received were thoughtful and direct, and the conversations that followed spoke to the strength of our collective vision. Your engagement helps ensure that Aleut’s direction is firmly grounded in the realities, values, and aspirations of our people, and reminds us of the importance of creating space for two-way dialogue.
Aleut’s reach continues to grow, with a record 4,295 shareholders and 990 registered descendants, 44% of whom live outside Alaska. Our commitment to serving shareholders where they live is reflected in our expanded programs, scholarships, and community support. Our expanded reach has pushed us to think differently about service and accessibility. This year alone, Aleut hosted 10 informational meetings, supported more out-of-state shareholder events, and served more than 1,200 shareholders in their own communities.
Looking ahead, the Board remains focused on strategic planning that supports the long-term success of Aleut. That includes disciplined growth, reinvestment in the region, and maximizing value and benefit for shareholders. We are committed to building a future that reflects your priorities and expands access to opportunity for our Unangax̂ families and communities.
On behalf of the Board of Directors, thank you for being part of this journey. Wishing you and your loved ones a peaceful holiday season and a strong start to the new year.
Qaĝaasakung,
Jenifer Samuelson Nelson
Aleut Board Chair
December 2025