Vatican asset value climbs as 2025 profit plunges

The Vatican’s Office for the Management of Assets reported that operational profit for 2025 fell by more than 60 % to €22.8 million, down from €62.2 million in 2024. Despite the loss, the net value of the Holy See’s assets rose by €89 million to €2.686 billion, driven by gains in gold, real estate and securities.

Revaluation of physical gold added €40.8 million to the net wealth, while higher property values contributed €39.2 million and securities another €16.3 million. Real‑estate income reached €44.5 million, €9.4 million more than the previous year, reflecting better management, higher rental revenues and lower maintenance costs. The asset portfolio is composed of roughly 17 % equities, 32 % bonds and 29 % physical gold, and the Vatican now oversees about 5,500 properties worldwide.

APSA transferred €22.7 million to support the daily operations of the Holy See. Archbishop Giordano Piccinotti, president of APSA, emphasized that “the priority is not to maximise profit but to preserve and strengthen the Church’s heritage.” The new Pope, elected in May 2025 after the death of Pope Francis, faces the challenge of reducing long‑standing budget deficits while maintaining the Vatican’s financial stability.