AIDEA Posts Record $67.4M Income, Declares $17M Dividend to State

The Alaska Industrial Development and Export Authority reported a historic statutory net income of $67.4 million for the fiscal year ending June 30, 2025, marking the second straight year of record results. From that surplus the authority declared a $17 million dividend to the state treasury, continuing dividend distributions that have totaled hundreds of millions of dollars since AIDEA’s inception.

AIDEA credited a mix of targeted financing and portfolio activity for the strong result. Notable transactions include a $70 million loan to Alyeschem to support development of a North Slope methanol and ultra-low-sulfur diesel (ULSD) facility, participation in the Ketchikan shipyard transaction, and ongoing loan and portfolio activity in hotel and infrastructure investments. These project-level investments exemplify AIDEA’s mission to promote economic development and job creation through direct financing, loan support, and participation in transactions that may otherwise struggle to secure capital.

For North Slope Borough residents, the Alyeschem loan is the most directly relevant item. A methanol/ULSD facility on the North Slope could anchor new industrial activity locally, providing construction and operational opportunities and strengthening regional supply chains. While the authority did not attach specific employment projections to the loan announcement, the financing aligns with AIDEA’s stated objective of catalyzing projects that create sustained economic activity in resource regions of the state.

The financial outcome also has broader budgetary and market implications. The $17 million dividend increases funds flowing into the state treasury this year and underscores AIDEA’s capacity to convert project finance and portfolio returns into direct fiscal contributions. At the same time, consecutive record earnings should bolster AIDEA’s balance sheet and lending capacity, potentially lowering financing costs for future projects by improving the authority’s risk profile and enabling more ambitious or catalytic investments.

AIDEA attributes its performance in part to a compact, board-led management structure and a small staff that focuses on strategic project selection and financial oversight. That operational model, combined with active participation in infrastructure and industrial projects, appears to be producing both returns and public dividends.

"Alaskans can take pride in AIDEA’s exceptional financial performance this year." The authority’s results signal continued capacity to invest across Alaska, with the North Slope among the regions most likely to see near-term impacts from recently financed projects.