Sealaska to Achieve Third Straight Year of Record Financial Profit
Friday, December 20, 2019
As we near the end of 2019, Sealaska can look back and be proud of another successful year due to our business growth. Sealaska expects to meet and exceed its record net income of $65.2 million in 2018. Please note, Sealaska’s final 2019 audited financials will be published in May 2020.
Sealaska achieved a $100 million net income turnaround from 2013-2018, and in 2018 achieved its greatest amount of net income and revenue in company history.
Sealaska financial success drives shareholder value, such as:
- $10 million added to scholarship endowment
- $6 million memorial fund
- $16 million in shareholder dividends
- $10 million to Language Revitalization endowment
Business Income: Natural resources, environmental and water services, and food businesses are all growing year-over-year. We have a strategic focus on ocean health that 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. Global stock markets are up over 20 percent for the year and fixed income and bond markets are also up. While investment volatility makes it challenging to forecast year-end results, we are currently projecting ahead of last year.
ANCSA Section 7(i): With commodity price volatility from the U.S.–China trade war, 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.
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At Sealaska, we support leaders who recognize the importance of Indigenous self-determination, stewardship of our homelands and opportunities that strengthen Native communities for generations to come. After careful consideration, Sealaska is proud to endorse Jonathan Kreiss-Tomkins "JKT" for Governor of Alaska, Mary Peltola for the United States Senate and Bill Hill for Alaska's At-Large Congressional District.
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At Sealaska’s 53rd Annual Meeting in Aangóon (Angoon), the Inspector of Elections certified the results of the 2026 election.
The Sealaska Board of Directors met on April 10, 2026, and conducted key governance actions while receiving updates on shareholder services, shareholder development, natural resources and regional economic development.
We are excited to announce that the results of the 2025 Sealaska election have been certified and are ready to share with all of you.
Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
After considering the recently announced U.S. Postal Service delays to First-Class Mail in conjunction with a paper proxy error leading shareholders who wish to vote by mail to potentially wait for their regularly scheduled second proxy mailing, we have made the decision to extend the early bird deadline to June 6. We are listening to shareholders and want to give everyone the best chance to qualify as an early bird. Thank you for understanding and thank you for voting.