In January–September of this year, revenue from asset management of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) decreased by 6.17 percent compared to the same period last year, amounting to 5 billion 235.7 million manats.

According to AZERTAC, citing SOFAZ’s Revenue and Expenditure Statement for January–September of the current year, extra-budgetary revenue arising from exchange rate differences totaled 15 billion 66.1 million manats during the reporting period. Over the same period, SOFAZ transferred 10 billion 860.8 million manats to the state budget, an increase of 11.7 percent compared to the corresponding period of the previous year.

During January–September of this year, 34.3 million manats were allocated for the implementation of educational projects, which is 19 percent higher than in the previous year.

For reference, between January and September 2025, SOFAZ sold 4 billion 350.3 million US dollars through auctions conducted by the Central Bank of the Republic of Azerbaijan.

The increase in SOFAZ’s assets over the first nine months of 2025 was primarily driven by returns from asset management and extra-budgetary revenue.

Regarding financial markets, the relatively stable economic and market environment observed in the third quarter led to a decline in the volatility of government bond yields compared to previous quarters. During the reporting period, the yields of 10-year government bonds in the eurozone and the United Kingdom increased, while in the United States they showed a downward trend. SOFAZ’s revenue from debt instruments also increased, supported by high interest earnings.