The office that manages Vatican investments and real estate on Monday reported a profit of 62 million euros (around $63 million) in 2024, up 16 million euros from 2023. It’s one of the best results in years and a bit of good news as Pope Leo XIV begins to tackle the Holy See’s longstanding financial crisis.
In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See’s operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said.
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