Saudi PIF revenue jumps 9% to $120 billion, net profit more than doubles in 2025

Saudi Arabia's Public Investment Fund (PIF) has announced a strong financial performance for 2025, with revenues climbing 9% year-on-year to $120 billion and net profit more than doubling to $17 billion. This robust growth underscores the fund's significant expansion over the past decade, as its assets under management (AUM) now exceed $900 billion, a substantial increase from $530 billion in 2021 and $150 billion in 2015.

The sovereign wealth fund highlighted its substantial contribution to Saudi Arabia's economic diversification under Vision 2030. Between 2021 and 2025, PIF's cumulative domestic investments surpassed $199 billion. In 2025 alone, PIF accounted for 11% of the Kingdom's total non-oil Gross Domestic Product (GDP), demonstrating its pivotal role in driving economic transformation. The fund's revenue and profit growth were bolstered by stronger contributions from its portfolio companies, alongside returns from financial investments and increased dividends.

PIF maintained strong credit ratings, with Moody's assigning Aa3 and Fitch giving A+, both with stable outlooks, and S&P providing an inaugural A-1 short-term rating. Domestically, the fund launched significant initiatives in 2025, including HUMAIN to advance artificial intelligence capabilities and the Expo 2030 Riyadh Company. Maram Aljohani, PIF's chief of staff, emphasized the fund's role in driving development through long-term investments and strategic company establishment.

Internationally, PIF's investments grew by 12% in 2025, marked by the opening of new subsidiary offices in Paris, Beijing, and Shanghai, complementing its existing global network in London, New York, and Hong Kong. The fund also diversified its funding sources, issuing its first euro-denominated green bond and establishing a commercial paper program for flexible financing.

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PIF contributed 11% of Saudi Arabia’s total non-oil GDP in 2025 and contributed more than $342 billion cumulatively from 2021-2025