Sealaska Achieves $60.7 Million Net Income in 2021
Friday, May 6, 2022

Successful businesses helping to benefit people and planet

Sealaska released its official annual report and financial statements to shareholders on Friday, May 6, 2022, and reported $60.7 million in net income for the year ending Dec. 31, 2021.

The survival of the Tlingit, Haida and Tsimshian people has long depended on a balanced view of the ecosystem inclusive of all living things. Sealaska is designing solutions to some of the planet’s greatest challenges by combining cultural values with modern, market-based and technology-driven insights.

Following this strategy, Sealaska achieved $60.7 million in net income for 2021. Record investment income and continued growth from Sealaska’s ongoing business operations increased 2021 net income by $5 million year-over-year.

The 2021 Sealaska Annual Report celebrates the 50-year anniversaries of the Alaska Native Claims Settlement Act (ANCSA), which created regional corporations like Sealaska when it was signed into law on December 18, 1971, and Sealaska’s incorporation on June 16, 1972.

The report highlights how Sealaska’s role as a land manager and holder of the ancestral lands of the Tlingit, Haida and Tsimshian people has evolved during its 50-year history. Today, Sealaska manages its lands with an emphasis on cultural, community and financial benefit. The report also recognizes some of the company’s formative leaders and highlights individuals currently embodying Sealaska’s vision for community leadership and impact.

Sealaska’s business plan in the coming years is focused on two industries: sustainable seafood and hydro sciences, according to Sealaska President and CEO Anthony Mallott.

“This combination is especially strong for us,” Mallott explained. “Increasing consumer demand for sustainable seafood through attractive, approachable products will reduce demand for foods like beef and pork, which are responsible for high levels of carbon emissions. Our other focus is in hydro sciences, which support the rapidly growing offshore renewable energy sector.”

Since our founding 50 years ago, Sealaska’s purpose has been to generate profits to provide benefits and resources to our shareholders and descendants. We are proud to have created funds and endowments that have supported the dreams and aspirations of thousands of shareholders over the years, and that will continue to do so in perpetuity.

In 2021, Sealaska directed $26.7 million to shareholder benefits and programs. As Sealaska continues to grow and invest in our businesses — where our efforts drive results — operations will play an even larger role in providing shareholder benefits going forward.

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...