Dear fellow shareholders,
As we move into the final months of the year, I want to take a moment to reflect on what has been a particularly busy fall for Ahtna. Here in Alaska, we’re often spared the direct impacts of hurricanes, but as a company with a global footprint, we have operations in areas more prone to natural disasters. This was the case recently when Hurricane Milton struck the southeastern United States, affecting some of our operations in Florida.
I am relieved to share that all of our employees in Florida are safe and accounted for following this devastating storm. Despite the severity of Hurricane Milton, we were fortunate not to suffer any injuries among our staff. Several of our subsidiary groups were impacted by Hurricane Milton. Ahtna Marine and Construction Company’s team, working on the Estero Beach project in Fort Myers, had to evacuate due to safety concerns, but fortunately the project site and equipment were not severely affected. Ahtna Professional Services, based in Clearwater, experienced disruptions but is working closely with the Coast Guard, which is reopening its base, allowing operations to continue. Ahtna Support Services’ contract operations were unaffected, and our CTC and ITAS customers and facilities remained safe, though some employees experienced minor power outages and debris at home. Although the storm primarily affected Florida’s west coast, tornadoes across the state added to the complexity of the disaster. Our leadership team in Florida recognizes that we were lucky under the circumstances, and our thoughts and prayers are with those who were less fortunate.
Despite the challenges posed by Hurricane Milton, we are moving forward with the Estero Island dredging and beach renourishment project, which is essential for repairing the severe erosion caused by past hurricanes. The area has faced extensive damage from previous storms, making this restoration effort critical to the long-term health and stability of the shoreline. The project is still on track, and Ahtna was the only company able to meet all the necessary criteria while staying under budget—a true testament to the expertise and efficiency of our team. With the frequency of hurricanes in the area, this project not only addresses past damage but also positions Ahtna to be able to help in future recovery efforts. As we complete this renourishment work, our experience and readiness will allow us to respond quickly to similar projects that may arise due to the recent storms. Ahtna’s proven ability to deliver high-quality results under difficult conditions strengthens our standing in this industry, opening doors for further opportunities in hurricane recovery and coastal restoration.

In other exciting news, Ahtna Integrated Services, LLC has been awarded a prestigious contract to provide custodial and recycling services at NASA’s Ames Research Center in California. This long-term contract marks a significant achievement for Ahtna, reinforcing our commitment to expanding our service offerings across diverse industries and sectors. The scope of this contract includes essential services such as sanitation, waste management, and recycling, all crucial for maintaining the health, safety, and sustainability of NASA’s facilities. This opportunity not only highlights our growing expertise in facility management but also strengthens our relationship with a key federal agency. Winning this contract showcases Ahtna’s ability to compete and succeed in highly specialized markets, and we look forward to the positive impact it will have on our company’s growth.
Our new joint venture, Ahtna USA – CDM JV, has been awarded a significant contract by the U.S. Army Corps of Engineers for hurricane relief efforts in Asheville, North Carolina. This important project will focus on installing and operating a water pre-treatment plant designed to address the aftermath of Hurricane Helene. The plant will help treat water impacted by hurricane runoff, ensuring it is safe for use in the area’s existing drinking water system. This contract further showcases Ahtna’s ability to rapidly mobilize and respond to emergency situations, utilizing our expertise in environmental management and infrastructure support. By partnering with CDM, a leader in water and wastewater treatment, we are able to bring technical knowledge and experience to this critical project. This venture is a strong demonstration of Ahtna’s growing capabilities in disaster recovery and environmental solutions, reinforcing our reputation as a trusted partner for large-scale emergency response efforts.
As we approach the end of the year, I want to thank each of you for your continued support. Ahtna’s success is built on the strength of our people and our community, and we remain dedicated to growing and protecting our business for the benefit of our shareholders.
Thank you for your continued support,

Roy Tansy Jr., Chief Executive Officer
Ahtna Netiye’, LLC