Saudi wealth fund PIF’s profit doubles on higher revenue

The Saudi Arabia Public Investment Fund (PIF) reported that its profit more than doubled last year, reaching $17 billion for the 12-month period ending December 30. This significant increase was due to higher revenue, which rose by 9% year-on-year to $120 billion. The PIF retained over $900 billion in assets under management, marking a 4.2% decline in total shareholder return in 2025.

However, its annualized total shareholder return since the Vision Realization Programme's inception remained at 5.8%. Local investments accounted for 76% of the total assets under management, while international investments and treasury made up the remaining 20% and 4%, respectively. Maram Al Johani, chief of staff and secretary general to the board at PIF, stated that the fund contributed 11% of Saudi Arabia's total non-oil GDP in 2025, amounting to more than $342 billion cumulatively from 2021-2025.

The PIF also expanded its international presence in 2025 by opening new subsidiary company offices in Europe and Asia, and by making targeted investments across key markets. The fund's domestic holdings include major entities such as Maaden, Sabic, and the Saudi National Bank. In 2025, the PIF signed agreements with Goldman Sachs Asset Management, Macquarie Asset Management, and SACE, driving capital mobilization and inward investment into Saudi Arabia.

Additionally, the PIF completed a $55 billion acquisition of Electronic Arts, marking its largest investment to date in the global gaming industry.