Vatican Assets Grow by 89 Million Euros Despite Over 60% Drop in Operational Profit

The Vatican's financial report for 2025 reveals a significant drop in operational profit, which decreased by over 60% to 22.8 million euros, down from 62.2 million euros in 2024. However, the Holy See's overall net asset value saw a substantial increase, growing by 89 million euros to reach 2.686 billion euros.

Archbishop Nunzio Galantino, president of the Administration of the Patrimony of the Apostolic See (APSA), emphasized that the institution's goal is not to generate annual profits but to preserve and enhance the heritage entrusted to it. Investment strategies are cautious, avoiding speculative goals and high-risk exposures. For 2025, the strategy involved limited stock exposure (around 17%), a 32% allocation to bonds, and a 29% allocation to gold, alongside adequate liquidity reserves.

The increase in net assets is largely attributed to the rising value of gold, which contributed 40.8 million euros, and the appreciation of real estate holdings, adding 39.2 million euros. Securities also contributed 16.3 million euros to the net worth growth.

Real estate continues to be the main source of income for the Vatican, generating 44.5 million euros in the past year, an increase of 9.4 million euros compared to 2024. The Vatican manages a vast portfolio of properties, including 4,281 in Italy and approximately 1,200 in international cities like London, Paris, Geneva, and Lausanne.

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Our purpose is not to generate annual profit, but to preserve and strengthen the heritage entrusted to us.