2019 Q3 Financial Update
Wednesday, October 30, 2019

In 2018, Sealaska businesses continued to achieve record growth that allowed us to make some of the most significant philanthropic and financial investments for our communities in our corporation’s history. All indications from the 2019 performance expect us to see that trend continue (** please see forward-looking statements in the annual report). Now that we are achieving key financial goals and a stable growth path, Sealaska is more clearly able to refine our vision so that a better future for people and the planet is within reach. Sealaska’s business success is the result of this strategic vision and the company’s commitment to stick to the plan.

In September 2019, directors toured Independent Packers (IPC), one of three businesses Sealaska operates under Sustainable Foods.

Sealaska’s Business Income Continues to Grow

In September 2019, directors toured Independent Packers (IPC), one of three businesses Sealaska operates under Sustainable Foods. Over the last few years, targeted investments in sustainable goods expanded to include three businesses: Orca Bay, Odyssey Foods and IPC.

In 2018, Sealaska made $65 million in net income and we expect stronger net income in
2019. We are building on our strategic vision while operating successful businesses in industries that tie to our values

Business Income

  • Natural resources, environmental and water services, and food businesses are all growing year-over-year.
  • Why? Having a strategic focus on ocean health keeps us disciplined in our business approach and decision-making.

Investment Income

  • Strong stock markets in 2019 should allow us to show growth in investment income.
  • Why? Global stock markets are up approximately 15 percent for the year and fixed income and bond markets are also up for the year.
  • Investment volatility makes forecasting year-end results difficult as a downturn could happen anytime, but we are currently ahead of last year’s results.

ANCSA Section 7(i)

  • ANCSA Section 7(i) income has seen commodity price volatility based on the U.S.–China trade war and we may see lower 7(i) income in 2019 compared to 2018.

Our best strategy to address the ups and downs we see in ANCSA Section 7(i) and investment income is to focus on our business results and to create growth in our own operational income.

**Refer to forward-looking statements on page 25 of the 2018 annual report.


Latest News


Sealaska Announces Spring Distribution of $19.2 Million

Posted 4/12/2024
As part of Sealaska’s continued investment in our communities and region, a spring 2024 distribution totaling $19.2 million will be issued to shareholders on Thursday, April 18. Sealaska’s board of directors approved the distribution at a meeting held in Juneau on Friday, April 12. The upcoming distribution includes dividends totaling $4.5 million from Sealaska’s ocean-health business platform, $3.1 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and an additional $11.6 milli...

Sealaska Spring 2024 Distribution Date Announced

Posted 3/19/2024
The Sealaska Board of Directors will meet on Friday, April 12, 2024, to approve the amount for Sealaska’s 2024 spring distribution. The distribution will take place on Thursday, April 18.  Shareholders can prepare for a seamless distribution by completing any enrollment or stock transfer paperwork, including gifting or inheritance, by Friday, April 12 at 4 p.m. The last day to make changes to addresses or direct deposit information is Monday, April 15, , before close of business, or online via M...

Sealaska announces Desiree Jackson to serve as Vice President of Administration and Outreach

Posted 3/6/2024
Jackson’s goals, experience are aligned with Sealaska’s vision for shareholders, communities and the region’s collective future. A focus on strategy, values and excellence has led Desiree Anax x’aséigu yé Jackson to her new role as Sealaska’s Vice President of Administration and Outreach. Jackson has served as the executive director of...

First Quarter Board Q&A provides shareholders an opportunity to connect with their board

Posted 3/4/2024
Members of Sealaska’s board of directors had an opportunity to connect with shareholders and answer questions during the Feb. 29 board Q&A session hosted on MySealaska. Directors Barbara Cadiente Nelson, Ka’illjuus Lisa Lang joined Executive Chair Joe Nelson and Board Youth Advisor Deikeenaak’w  Connor Ulmer in providing an update following January’s board meeting and shared upcoming opportunities and associated deadlines with participants. Sealaska’s language grant application period i...

Virtual Shareholder Orientation offers connection, information for original and new shareholders alike

Posted 2/26/2024
Sealaska’s Shareholder Relations team hosted a virtual shareholder orientation on Tuesday, Feb. 20 for an audience of nearly 170 shareholders from far and wide. This event offered both new and long-term shareholders a chance to learn more about the benefits and responsibilities of being a shareholder and answer questions about specific Shareholder Relations policies, procedures and protocol.   Shareholder Relations Manager Jodie Gatti, who joined the Sealaska team in November, was joined by...