ICSID’s caseload statistics for the 2025 fiscal year show a record level of investor-state arbitration proceedings, with 347 cases administered, the highest in its history, and 67 new cases registered, drawing on bilateral investment treaties (45%), other international treaties (27%), contracts (21%), and domestic investment laws (7%). For the first time, ICSID reported aggregated data on damages claimed and awarded, showing that 51% of concluded arbitrations resulted in no damages, while others saw awards under US$10 million or between US$10 million and US$99 million. Geographically, the largest share of new cases involved respondent States in Sub-Saharan Africa (24%), followed by Central America, the Caribbean, South America, and Eastern Europe/Central Asia, while the majority of investors hailed from Western Europe (44%) and North America (c. 19%). Sector wise, disputes in oil, gas, and mining remain dominant, accounting for 43% of new cases, with mining featuring in 19 matters. Overall, the FY 2025 statistics confirm strong global demand for ICSID arbitration and provide enhanced transparency on the origins, sectors, and damages trends of investor-state disputes.