Saudi Arabia’s Public Investment Fund reported a net profit of 65.1 billion riyals for 2025, more than doubling the 25.8 billion riyals it recorded the previous year, according to audited consolidated financial statements published on the London Stock Exchange and reviewed by Reuters.
Revenue rose 9% to 449 billion riyals, compared with 413 billion riyals in 2024, while operating profit jumped to 77.9 billion riyals from 34.6 billion riyals the year before.
Total assets grew 5% to 4.54 trillion riyals by end-2025, up from 4.32 trillion riyals at end-2024. The fund said it held cash and cash equivalents of more than 350 billion riyals, a position it said supports the execution of its long-term investment strategy.
Several portfolio companies and projects moved forward during the year. The fund launched Humaine, a vehicle focused on artificial intelligence investment, and Expo 2030 Riyadh, a company set up to develop and operate facilities for the world exposition. The coastal destination Amaala opened, and Qiddiya announced the launch of the first Six Flags theme park outside North America.
On the financing side, the fund issued its first euro-denominated green bonds, raising 1.65 billion euros, and launched its first commercial paper programme, with both moves aimed at diversifying its funding base and backing sustainable projects.
The fund also signed memoranda of understanding with a number of global financial institutions during the year, alongside continuing domestic programmes targeting skills development, innovation, and the private sector.
