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2025 Winter Edition
Message from the President & CEO
President & CEO John Lincoln with his son, Kavik.
Dear Shareholders,
I hope you are all able to enjoy a peaceful and loving holiday season with your friends and family. Our NANA team is hard at work closing the books for FY25, finalizing our audit with external auditors, and preparing this year’ s annual report to shareholders. As always, this time of year is a good opportunity to reflect on our recent past, feel and express gratitude for our blessings, and look forward to another year of work towards fulfilling our mission for shareholders.
Fiscal year 2025 was a historic year for our company. For the first time ever, NANA surpassed $ 3 billion in gross revenue. This milestone is the result of record sales across our family of companies and a strong year at Red Dog. Our business operations alone( not including Red Dog royalties) exceeded $ 2.8 billion in gross revenue and generated over $ 200 million in EBITDA( earnings before interest, tax, depreciation, and amortization), both alltime highs for NANA. Additionally, the board and shareholder-approved NANA permanent fund is off to a fantastic start, earning over $ 50 million and surpassing $ 500 million in market value. These financial achievements are the direct result of a clear and focused board financial strategy, strong leadership, and dedicated employees throughout the NANA family of companies and at Red Dog.
We recently wrapped up a very active fall informal season, with visits to every community in our region, as well as gatherings in Anchorage, the Mat-Su Valley, Fairbanks, Red Dog, Seattle, and Phoenix. These events require a tremendous amount of time and effort each year, but they are essential opportunities for shareholders to learn more about NANA and to share your perspectives on the company and its future. Hearing directly from you strengthens our corporation and helps to guide our path, ensuring our work aligns with shareholder priorities. Thank you to all of you who were able to make time for us this year.
In this edition of The Hunter, you will find updates on our strategic initiatives. We are expanding NANA’ s commercial footprint into the Lower 48, a move designed to advance our mission of creating opportunity, building value, and delivering a lasting impact for shareholders. You can read more about this initiative on page three. Closer to home, we have recently opened our brand-new office in Kiana, where shareholders are already making good use of the facility. On page five you can find photos from the grand opening ceremony. Our team is in the final phases of remodeling The Hunter Building in Anchorage. This NANA-owned property will soon house many of our Alaska-based subsidiaries including NANA North, Kuna
Published by NANA Regional Corporation, Inc.
Engineering, NMS, and part of the NANA Construction team. This move will increase efficiency, foster collaboration, and reduce leasing costs.
I am also pleased to announce a key leadership update. We are excited to welcome Sam Hill as our new vice president of shareholder relations. Sam is a NANA shareholder who grew up in Kotzebue. His experience and dedication will be invaluable as we continue to serve you. You can learn more about Sam on page two. Our team extends our deepest thanks to Salaktuna Sandy Kowalski for her incredible service and leadership in this role. We wish her all the best in her well-deserved retirement.
As we celebrate this season of togetherness, please accept my warmest wishes for a happy and healthy holiday.
Merry Christmas and Happy New Year!
Respectfully, John Aġnaaqłuk Lincoln President & CEO
Happy New Year!
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As we celebrate this season of joy and togetherness, we are grateful for our shareholders and the strength of our community. May your new year be filled with warmth, happiness, and the traditions that bring us closer.