PIF 2025 Annual Report: Revenue Hits $120B, Profit Doubles to $17B, AUM Tops $900B

Saudi Arabia's Public Investment Fund released its 2025 annual report, showing revenue up 9% year-on-year to $120 billion and net profit more than doubling to $17 billion, with assets under management exceeding $900 billion (up from $530B in 2021 and $150B in 2015). PIF said cumulative domestic investment from 2021-2025 topped $199 billion, contributing more than $342 billion to Saudi Arabia's non-oil GDP over the period — about 11% of non-oil GDP in 2025 alone. The report marks the formal close of PIF's 2021-2025 strategy cycle and confirms its pivot into the 2026-2030 phase prioritizing AI (including the new HUMAIN venture), energy transition, advanced manufacturing, and sports and entertainment.