Inside Look: EBITDA at Sealaska
Thursday, October 28, 2021

Sealaska measures the success of our businesses through operating EBITDA growth. EBITDA – Earnings before Interest Expense, Taxes, Depreciation and Amortization – gives us insight into how our businesses are performing financially before accounting adjustments or expenses that are unrelated to the running of those operations.
As shown in the chart above, EBITDA from our business operations has grown steadily since 2015. New England Seafood Ltd and CS Marine Constructors joined Sealaska last year, as we continue to double-down on our investment in businesses that most strongly reflect our vision and values.
Just a few years ago, 7(i) revenue-sharing made up a significant portion of Sealaska’s overall profit. The success of our businesses has changed that mix – we’re no longer reliant on other regional corporations for a significant portion of our cash flow. Continuing that independence into the future is a key tenet for us, one that is critical to building sustainable profits that reliably support ongoing investment in shareholder benefits and programs.
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SHI has an exciting position overseeing their STEAM programming and Post Secondary programming!
We are continuing our search for a dynamic and visionary leader to serve as Sealaska’s president. It is important that we find the right candidate to fill this position, which is why the Sealaska board of directors is being as exacting as possible as we search for a candidate capable of amplifying the impact of our mission and providing benefits that empower our shareholders. To this end, the Sealaska board of directors recently revised the job description for the position of president and sought the assistance of a professional recruiting firm. Our hope is to announce a successful candidate as our new president this coming summer.