Saudi PIF Profit Doubles As Revenue Reaches $119.7 Billion
PIF’s 2025 annual results said net profit rose to SAR65.1 billion and revenue reached SAR449.9 billion, giving Saudi Arabia’s sovereign fund more liquidity for Vision 2030 investments without naming project-level allocations.

PIF Reports Higher Profit And Revenue
Saudi Arabia’s Public Investment Fund said its 2025 net profit more than doubled to SAR65.1 billion, or $17.33 billion, from SAR25.8 billion a year earlier.
The annual financial results said revenue reached SAR449.9 billion, or $119.7 billion, after a 9 percent rise from SAR413 billion in 2024.
The annual results put the sovereign fund’s balance sheet behind a large part of Saudi Arabia’s Vision 2030 programme.
PIF is described as a financing vehicle for diversification, with investment activity spanning infrastructure, tourism, technology, energy, manufacturing and global financial markets.
The result is relevant for technology and capital coverage because the fund sits behind many Saudi strategic sectors rather than one listed company.
The report names broad sectors, but it does not break out which technology or infrastructure holdings contributed the most to profit growth.
Operating Profit Rises Across The Portfolio
PIF’s annual results said operating profit rose to SAR77.9 billion in 2025 from SAR34.6 billion a year earlier.
The fund tied the improvement to portfolio performance, investment income and broader business activity.
The update also points to a tougher external market.
The annual results cite a challenging global investment environment shaped by higher interest rates and geopolitical uncertainty, while saying PIF continued to expand domestic and international investments.
PIF has established new companies, supported strategic sectors and built stakes in international businesses over recent years.
The annual results do not identify which of those areas delivered the largest year-on-year contribution.
Assets And Cash Expand Investment Capacity
PIF’s balance sheet grew in 2025.
Total assets were listed at SAR4.54 trillion, up 5 percent from SAR4.32 trillion at the end of 2024.
The fund also listed cash and cash equivalents above SAR350 billion.
That cash position gives PIF capacity to keep funding long-term projects and investments.
The annual results tie the fund to tourism, entertainment, renewable energy, real estate, mining, logistics and advanced manufacturing, alongside its international portfolio.
For Saudi capital markets, the asset and cash figures show the scale of the state investment vehicle that continues to support diversification beyond oil.
They do not show asset-level returns or project-level financing plans.
Project-Level Allocations Remain Undisclosed
The results show stronger earnings, revenue, operating profit, assets and cash for the sovereign fund.
They also leave the biggest allocation questions outside the public figures.
PIF’s annual financial results did not disclose project-level budgets, named technology holdings, new investment commitments, asset-level returns or a timetable for deploying the additional cash.
















