UIC Hits $1 Billion in Revenue, Plans Stuaqpak Financial Services

Ukpeaġvik Iñupiat Corporation crossed $1 billion in annual revenue in 2025, the first time in the Alaska Native village corporation's 53-year history. UIC is one of few Alaska Native village corporations to reach that level, and the milestone reflects the corporation's expanding role in Alaska's economy.

Expanded financial services are planned for the Stuaqpak building in Utqiaġvik in June 2026, increasing local access in a community with limited banking options, according to the company.

UIC operates across construction, logistics, research, commercial sectors, and government services. The corporation employs more than 4,400 people and serves more than 4,200 Iñupiat shareholders and their descendants.

Beyond the Balance Sheet

Strong earnings back the trust distributions the UIC Board of Directors approved for 2026, along with scholarships and shareholder hire initiatives. In 2025, UIC also opened enrollment for second-generation descendant shareholders, extending ownership stakes and future benefit eligibility to a broader pool of Iñupiat community members.

When Utqiaġvik's primary grocery store closed in January 2025, UIC launched new grocery operations to restore food access. Expanded financial services at the Stuaqpak building are also planned for June 2026. Full details of the 2026 Regular Trust Distribution are available through the UIC Shareholder Portal under Resources > Shareholder Announcements.

"These results demonstrate what is possible when we stay grounded in our responsibility to our shareholders and our community. We are committed to reinvesting in Utqiaġvik and the North Slope in ways that support economic strength while perpetuating our Iñupiat culture, values, and way of life for generations to come," said Beverly J.S. Eliason, UIC Board Chair.

"This milestone reflects the resilience of our people and the strength of our strategy. We have grown with purpose, keeping our Iñupiat shareholders at the center of every decision. Reaching $1 billion in revenue strengthens our ability to invest in our communities, expand opportunities for our shareholders, and carry our values forward in meaningful ways," said Dr. Pearl K. Brower, UIC President and CEO.

Annual Meeting

UIC held its 53rd Annual Meeting of Shareholders on June 6 in person at Fred Ipalook Elementary School and online via Zoom, under the theme One Billion Strong. Certified election results and door prize winner information from that meeting are posted in the UIC Shareholder Portal. Shareholders can find them by logging into portal.uicalaska.com and navigating to Resources > Shareholder Announcements. Distribution details and other shareholder services are also available through the portal, or by contacting the UIC Stock Department at (907) 852-7444 or [email protected].