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flag Vatican reports €62M profit, aiding Pope Leo XIV's efforts to tackle Holy See's financial crisis.

flag The Vatican's investment office reported a profit of €62 million in 2024, up €16 million from 2023, offering some relief as Pope Leo XIV addresses the Holy See's financial crisis. flag The office directed €46 million of the profit to fund the Holy See's operating costs, with €10.5 million from investments. flag The Vatican faces a €50-60 million annual deficit and a €1 billion pension fund shortfall. flag It owns 4,234 properties in Italy and 1,200 abroad, but only about 20% are rented at fair market value.

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