Aang Aleut Shareholders & Descendants,
Fall marks a natural point to reflect on an active summer and sharpen our focus on the priorities ahead.
Over the summer, the Aleut team visited our regional communities to connect with shareholders, descendants, and partners. Our conversations were candid and highlighted what matters: distributions, investments, and how Aleut is planning for the next generation. The theme for this year’s Annual Meeting, At the Table, reflects that same approach: decisions shaped through shared dialogue, grounded in our mission to create measurable, lasting benefits for those we serve.
In July, Aleut returned a clean and timely independent audit with results that verify our fiscal year 2026 record revenue of $415 million and strong EBITDA of $32 million. This paves the way for our approach moving into fiscal year 2027, investing in building capacity and long-term outcomes. Aleut’s largest capital investment, the Aleut Hangar in Alabama, is in active construction. When complete in early 2027, it will expand aviation capability and position Aleut subsidiaries to compete in markets where scale and technical expertise matter most.
That same focus drives local priorities. In Cold Bay, Aleut Ventures opened a new Fixed Base Operation (FBO), growing our aviation infrastructure to support regional service and delivering tangible benefits for the community.
In Adak, work began on the first phase of the Denali Commission’s Arctic Infrastructure Program with a $5.8 million award. This stage includes planning and design for transportation and fuel systems, supported by critical site assessments and maritime surveys. These actions lay the groundwork for future infrastructure and coordinated development on the island.
In King Cove, Aleut Federal crews are preparing sites to support construction of the road to Cold Bay — a project decades in the making. Residents had the opportunity to participate in workforce development training, including commercial truck driving certifications, creating a direct path for community members to participate in the work that will shape their community.
As these milestones take shape, voting determines what comes next and who will guide the Corporation. Your voice is essential. Proxy packets are arriving in homes with a mail-in ballot and envelope, or you can vote online. It is quick and simple. All shareholders can access the full packet and vote at aleutvote.com.
Aleut’s trajectory is deliberate. Every decision from strategic initiatives, investments, and community conversations is aimed at one outcome: strengthening an enterprise that delivers lasting benefit across generations.
Qaĝaasakung,
Skoey Aachax̂ Vergen
Aleut President & CEO
September 2026
Hello Unangax̂ Family,
As fall begins, I look back on a summer of conversations—at meetings, gatherings, and through the questions you’ve shared. Listening matters. It shapes how the Board approaches its responsibilities and the future of your Corporation.
The 54th Annual Meeting of Shareholders will take place in Bellevue, Washington, just outside of Seattle, on October 17, 2026. Over a quarter of our shareholders live in the Pacific Northwest, and every three years we rotate the meeting to offer the opportunity for shareholders to participate where they live. Whether you join us online or in Washington, this is an important opportunity to stay informed and engaged. Complete details and registration can be found here.
Proxy packets are in homes, and voting is open at aleutvote.com. This is one of the most direct ways to influence Aleut’s future. Voting online is simple, and you’ll need your PIN to vote. It can be found on your mailed proxy ballot, emailed to you from noreply@aleutvote.com, or through the PIN lookup tool at aleutvote.com, using the last four digits of your Social Security Number and your date of birth.
This year, nine candidates are on the ballot. The expanded pool provides more choices for our shareholders. As you review the candidate information, consider the responsibilities the role carries: oversight of strategy, focus on financial performance, and representing shareholder voices in planning for long-term resilience and growth. These are positions of trust that require sound judgment and putting the organization’s interests first. More information and candidate profiles are available on this webpage at aleutvote.com.
When you vote, you will be entered into the proxy prize drawings. Every proxy submitted strengthens shareholder engagement and helps Aleut move forward with clear representation. The early bird deadline is on September 23, with winners announced on September 25. Voting will remain open until October 14.
Your input matters beyond voting. The Shareholder Q&A panel will continue again this year. Submit your questions in advance online—they will be addressed during the meeting, with answers posted after the event and included in the winter newsletter, to keep everyone informed. This format ensures clarity and transparency, and allows us to answer even more of your questions. More information is linked here.
Thank you for your trust and for being part of this work. Your voice, through voting, dialogue, and ideas, shapes the decisions we make at the table today and for generations ahead.
Qaĝaasakung,
Jenifer Samuelson Nelson
Aleut Board Chair
September 2026