Watterson is honored to have been named the Denali level Best General Contractor in Alaska Business’ last four Best of Alaska Business surveys and the Foraker level Best Place to Work 1-250 Employees category for the first time this year.

We have invested approximately $3 million to complete a 9-mile powerline to extend electricity to our Jumbo Dome mining area. Our Two Bull Ridge Mine is nearing completion, with final reclamation scheduled to begin in 2025.

In 2024, UIC’s revenue grew by 13.5 percent, a $109.4 million increase over 2023. We also completed UIC’s largest acquisition to date: a majority interest in Delta Solutions & Strategies. In addition, UIC welcomed more than 1,000 new Class B shareholders.

By way of collaboration with federal, state, and community partners, the Lower Tyonek Creek culvert replacement project was completed. The $4.4 million project establishes the largest fish passage culvert completed in Alaska, greatly improving salmon habitat on the west side of the Cook Inlet.

We now operate thirty-six stores in Alaska, from Tok and Fairbanks to Ketchikan and Dutch Harbor, featuring groceries; beer, wine, and spirits; general merchandise; sporting goods; pharmacy items; Ace Hardware; fuel; and wholesale meat, seafood, and cheese.

This year, Aleut launched Aleut Energy to expand retail and renewable energy services in Alaska; established Tayal Brokerage; issued the first shareholder distribution through the Aleut Settlement Trust; partnered on The Wildbirch Hotel to grow hospitality; and moved HQ to the Denali Towers.

Subsidiary SNC Tallimat, part of our holding company SNC Global Solutions, secured a multimillion-dollar project in Nevada. We are proud to share that we also received a multimillion-dollar US Economic Development Administration grant to support the energy infrastructure of existing fuel tank operations.

In 2024, Northrim Bank completed the acquisition of Sallyport Commercial Finance to complement products currently offered and to diversify the bank’s portfolio. Northrim will celebrate its 35th anniversary at the end of 2025 and remains committed to serving the needs of Alaskans.

NANA is proud to highlight one of our newest subsidiaries, Qavvik Air. Since July 2024, Qavvik Air has provided lifesaving medevac services to the NANA region. This dedicated program enhances emergency response and ensures timely medical care for remote, underserved communities across rural Alaska.

Lynden was voted the Best Cargo/Logistics provider in the 2025 Best of Alaska Business awards and was named a 2025 Green Supply Chain Partner by Inbound Logistics. In late 2024, Lynden was chosen to deliver the US Capitol Christmas Tree from Alaska’s Tongass National Forest to Washington, DC.

Koniag continued to advance its strategic vision with major developments last year. The corporation issued record shareholder distributions; appointed the first CEO of its Koniag Capital sector; and welcomed new leadership at Vervint, its commercial tech subsidiary.

Great Northwest, celebrating fifty years of building and serving our Alaska community, continues to maintain safe and efficient operations while successfully navigating the varying economic climates.

Goldbelt is building momentum from its 50th year with Goldbelt Aaní—a cultural tourism site and deep-water port on 251 acres of lush rainforest in West Douglas—marking Juneau’s first Indigenous cruise destination and a new chapter in long-term growth for shareholders and community.

Gana-A’Yoo continues to experience year-over-year record growth; 2024 was again a record year for revenue and net profits. We paid our highest shareholder distribution to date; added in-house counsel; expanded our investment portfolio; and created an endowment at our Gana-A’Yoo Foundation.

Alaska Business readers voted First National the Best Place to Work for the tenth year in a row and Best Bank/Credit Union for the fifth time consecutive time. The bank received an “Outstanding” Community Reinvestment Act rating from the Office of the Comptroller of the Currency for an eighth three-year reporting period in a row, spanning twenty-four years.

Cruz expanded its marine department and oil and gas support services in 2024. We continued to mine and place gravel year round and had one of our busiest ice road seasons. We won three prestigious awards: Alaska Oil and Gas Association’s Contractor of the Year for Safety and two Associated General Contractors of Alaska Excellence in Construction Awards.

Credit Union 1 recently expanded with new branches in Kotzebue, Wasilla, and Skagway to now serve Alaskans through fifteen branches in ten communities, plus convenient digital services.

Significant reinvestment in our service departments and parts inventory levels at all five branches have enabled us to provide the highest level of support to our customers across the entire state.

We have a new Southeast Alaska regional office in Juneau and received the inaugural CHASE (Construction Health & Safety Excellence) Flag designation granted by Alaska Occupational Safety & Health.

Our recent awards are USA Today Top Workplace 2025; The Washington Post Top Workplace 2023–25; Military Friendly Employer 2024; and Inc. 5000 2025 for Copper River Cyber Solutions, Copper River Technologies, and Reconcraft.

Colville has commenced operations at our new Diesel Exhaust Fluid plant in Deadhorse and recently opened the first retail store located inside security in the Deadhorse airport. Colville has been awarded the Valdez loop haul contract, which positions us to better serve the fuel market.

In 2025, Chugach Electric launched the first community solar project in Alaska, allowing members to add solar power to their home or business.

Chugach appointed President Katherine Carlton and Government Division President Laine Klein; acquired AK Integrated Services and HVAC; opened Chugach Naswik multi-use facility in Valdez and Cyber Express in Anchorage; advanced Chugach land exchange legislation; and established two nonprofits.

2024 was another year of strong growth at Choggiung, Limited. Our construction and IT/cybersecurity businesses had strong performance; our high-speed affordable broadband infrastructure construction project is nearly complete; and we have continued issuing shares to qualified descendant shareholders.

Cape Fox Tours earned an Adventure Green Alaska certification for demonstrating compliance with its sustainable tourism practices. Cape Fox Tours has put thought into implementing the values for sustainability into its business model and remains committed to efforts to further sustainability.

Calista’s revenue exceeded $1 billion for the first time last year. Our business growth is enabling us to increase shareholder benefits. Total shareholder distributions exceeded $17 million last year. We also debuted a new scholarship program focused on trade programs.

In December 2024, BBNC acquired majority interest in Alaska Growth Capital, a Native Community Development Financial Institution and US Small Business Administration lender. The move expands BBNC’s financial services and deepens its commitment to small business growth, empowering rural and Alaska Native entrepreneurs with flexible, community-focused lending.

In addition to its North Pole and Fairbanks locations, Black Gold Express has recently expanded, opening an Anchorage terminal to better serve its customers.

In response to strong shareholder support, the BSNC board of directors unanimously approved placing the Open Enrollment Resolution on the 2025 shareholder proxy, letting shareholders vote whether to open enrollment to BSNC lineal descendants and missed enrollees.

ASRC launched our 2025 & Beyond Strategic Plan, a roadmap designed to drive sustainable growth and enhance shareholder value. The plan is another example of ASRC’s long-term vision to grow the corporation with our shareholder base and deliver meaningful, sustainable dividends for future generations.

In 2024, Ahtna delivered more than $22 million in benefits to more than 2,300 shareholders, highlighting our ongoing investment in the well-being of our people.

We made a significant investment in Alaska Precast Solutions Inc., a leader in bringing innovative hollowcore precast concrete manufacturing to Alaska for construction purposes, allowing for faster project timelines, strong profitability, and durability in our unique environments.

Alutiiq Logistics & Maintenance Services secured a contract to support Marine Helicopter Squadron One (HMX-1), the elite unit responsible for transporting the President and Vice President of the United States, a proud continuation of our legacy of service to the nation.