Matthew 25 and the previous chapter, Matthew 24, are the only two chapters in the four gospels for which Swedenborg offered verse by verse explanations. It's great that we have these, because we get some assurance that the methods that he used in his exegesis of Genesis, Exodus, and Revelation can also be applied to the gospels.

The commentary on Matthew 25 is divided into chunks associated with explanations of chapters in Genesis, in the middle of "Arcana Coelestia". For chapter 25, it starts in Arcana Coelestia 4635-4638. Here's an excerpt from no. 4636:

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"The Lord used this parable to describe His own coming. This is clear from every detail in it as well as from the final sentence where He says, 'Watch therefore, for you do not know the day, nor the hour, in which the Son of Man will be coming' - words similar to those used in Chapter 24.... It has been shown already that His coming is the close of the age or the final period of the Church."

Next, in Arcana Coelestia 4637, there's a strong clear attestation to the power and importance of the internal sense of the Word:

"Consequently anyone who does not know this cannot make anything else out of the Lord's parables than ordinary comparisons which hold nothing deeper within them, as with this particular parable concerning the ten virgins. He makes nothing more out of it if he does not know what 'virgins' means in the internal sense, and also what ten, five, lamps, vessels, oil, those who sell, a wedding feast, and every other detail mean. And the same is true with all other parables. As has been stated, the details mentioned by the Lord in them look, in the outward form they take, like ordinary comparisons, but in their internal form their nature is such that they fill the whole of heaven. This is because the internal sense is contained within every detail, and that sense is such that its spiritual and celestial content spreads like light and flame throughout the heavens in all directions. That sense is utterly superior to the sense of the letter, flowing from every phrase and every word, indeed from every tiny letter."

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(Swedenborg's exegesis of the chapter continues in 4662-4664, 4807-4810, 4954-4959, and 5063-5071. It's well worth the read!)

Also, we'll append the commentary on this chapter that Rev. John Clowes wrote back in the 1850's:

Verses 1, 2, 3, 4. That in the last time of the old church and the first of the now, they who are of the church will receive spiritual truths, and some will be in truths wherein is the good of love and charity, and some in truths wherein is no good of love and charity.

Verse 5. That by reason of delay, they will be sluggish in the things of the church, and will cherish doubt.

Verse 6. But that at the last time of the old church and the first of the new, there will be a change, for then will be the judgement, namely, acceptance and rejection.

Verses 7, 8. And then all will prepare themselves, and they who are in truths without the good of love and charity will be willing to have good communicated from others to their empty truths.

Verse 9. But this is impossible, since no good can then be communicated but the good of merit.

Verse 10. Wherefore the application is preposterous, because none can be received into heaven but those who are principled in good and thence in truth.

Verse 11. Nevertheless, they who are in truths without good, are willing to enter from faith alone without charity, and from works in which is no life of the Lord, but only the life of self.

Verse 12. But they are rejected, because they are not in any charity towards their neighbour, nor by it in conjunction with the Lord.

Verse 13. Therefore the life ought to be regulated according to the precepts of faith, because the time of acceptance, and the state, is unknown to man.

Verses 14, 15. For the Lord gives to all who are in the church the knowledges of truth and good from the Word, with the faculty of perceiving them.

Verses 16, 17, 18. And by these knowledges and this faculty, some procure to themselves much intelligence and wisdom, and others procure some, and others none.

Verses 19-23. Wherefore at the Lord's coming, they who had procured much intelligence and wisdom, and they who had procured some, are accepted of the Lord, and gifted by Him with dominion over all evils and falsities, and admitted to conjunction of life with Himsel

Verses 24-31. But they who had procured none are then deprived of the truths which they had possessed in the memory only, and not in the life, and become principled in mere falsities separated from all good and truth.

Verses 24, 25. For not having joined charity to faith, they think harshly of the Divine Mercy, and act from mere natural fear, which obscures the knowledges of heavenly truth.

Verses 26, 27. Whereas they ought rather, by those knowledges, to have procured to themselves charity, and thus have attained conjunction of life with the Lord.

Verses 28, 29. Therefore those knowledges are taken away from them, and conferred on those who apply them to the reformation of their lives.

Verse 30. And they who have lived in faith alone without charity, are deprived of all the truths of faith, and all the goods of charity, having their lot with those who are in mere evils and falsities.

Verse 31. For when Divine Truth shall appear in its light, through the angelic heaven, then shall be the judgement.

Verse 32. And then shall the goods and evils of all be made manifest in the Light Divine, and there shall be a separation of what is good from what is evil, or of those who are in charity and thence in faith, from those who are in faith alone, and not in charity.

Verse 33. And this separation will be according to truths derived from good with the good, and according to falsities derived from evil with the evil, thus every one will be arranged according to his life.

Verse 34. Then shall they who are in charity and thence in faith be received amongst those in heaven who are in truth; derived from good.

Verses 35, 36. Since they are in the affection of good and truth, because proceeding from the Lord, and are averse from what is evil and false, because proceeding from themselves, and thus are in humiliation grounded in self-acknowledgment, and thence in all the offices of charity.

Verses 37, 38, 39. And yet if they had seen the Lord Himself in all the offices of charity, every one would have done them, but not from love to Him, but from fear, nor for the sake of Him, but for the sake of themselves.

Verse 40. Nevertheless the truth is that the Lord is present with those who are in the good of love and charity because He is in that good itself.

Verse 41. But they who are in faith and not in charity, will then avert themselves from all good and truth, and convert themselves to what is evil and false, and remain in the craving of infernal evil.

Verses 42, 43. Since they have never been in the affection of good and truth because proceeding from the Lord, nor averse from what is evil and false because proceeding from themselves, nor in humiliation grounded in self-acknowledgement, nor in any offices of charity thence derived.

Verse 44. And yet in the external form they have done those offices, but not from a principle of love to the Lord, but from fear, thus not for the sake of Him, but of themselves.

Verse 45. For they who are not in the affection of good and truth from the Lord, are not influenced by love to the Lord, but by self-love.

Verse 46. All such therefore will be everlastingly tormented by the concupiscences of evil, but they who are in the good of charity, will have life from that good, because it is from the Lord, who is the life itself.

1057. Whose names have not been written in the book of life from the foundation of the world, signifies that there are those who do not acknowledge the Divine authority of the Lord over heaven and earth, but regard it as transferred to a certain vicar, and from him to his vicars. This is evident from the signification of "names not written in the book of life," as being those who are not received in heaven (See n. 199, 222, 299); and as those are not received into heaven who do not acknowledge the Lord's Divine authority over heaven and earth, such are here meant. Also from the signification of "from the foundation of the world," as being from the establishment of the church. In the sense of the letter or the natural sense "the foundation of the world" means the creation of the world; but in the internal spiritual sense it means the establishment of the church; for the spiritual sense treats of spiritual things, while the natural sense treats of natural things which pertain to the world. For this reason the creation of the heaven and the earth in the first chapter of Genesis describes in the spiritual sense the new creation or establishment of the first and Most Ancient Church on this earth. (That this is described by the creation of heaven and earth in the first chapter of Genesis may be seen in the Arcana Coelestia, where the contents of that chapter are explained.) Moreover, "to create" signifies in the Word to reform; and "the Creator" means the Lord as Reformer and Savior. (That "to create" signifies to reform, and that the creation of heaven and earth in the first chapter of Genesis in the spiritual sense describes the establishment of the Most Ancient Church can be seen above, n. 294, 739.)

[2] The establishment of the church is meant by "the foundation of the world" in these passages in the Word:

The king shall say to them on the right hand, Come and possess as an inheritance the kingdom prepared for you from the foundation of the world (Matthew 15:34).

Jesus praying said, Father, for Thou lovedst Me before the foundation of the world (John 17:24).

Jesus said, The blood of all the prophets shed from the foundation of the world shall be required of this generation (Luke 11:50).

That the establishment of the church is meant by "the foundation of the world" is evident from passages in the Word where mention is made of "founding the earth," "the founding of the earth," and "the foundation of the earth," which do not mean the founding or creating of the earth, but the establishment or creation of the church upon the earth. As in Zechariah:

Jehovah spreadeth abroad the heavens, and foundeth the earth, and formeth the spirit of man in the midst of him (Zechariah 12:1).

Here "spreading abroad the heaven and founding the earth," does not mean the spreading abroad of the visible heaven and the founding of the habitable earth, but the church as to its internals, which are called spiritual, and as to its externals, which are called natural. "To found" this and "to spread abroad" that means to establish; and therefore it is added, "and formeth the spirit of man in the midst of him," which signifies his reformation and regeneration.

[3] In Isaiah:

Hearken unto Me, O Jacob and Israel, My hand hath founded the earth, and My right hand hath spanned the heavens (Isaiah 48:12-13).

"Founding the earth with the hand, and spanning the heavens with the right hand," has a similar signification here as above, as can be seen from what precedes and what follows in this chapter where the establishment of a New Church by the Lord is treated of. In the same:

Thou hast forgotten Jehovah thy Maker, that stretcheth forth the heavens and foundeth the earth (Isaiah 51:13).

Here again, "the heavens and the earth" signify the church as to its internal or spiritual things and its external or natural things; and "to stretch forth and found" signifies to establish.

[4] In the same:

I will put My words in thy mouth, and will cover thee with the shadow of My hand, to plant the heavens and to found the earth, and to say unto Zion, Thou art My people. Awake, awake, arise, O Jerusalem (Isaiah 51:16-17).

Here "to plant the heavens and to found the earth" evidently stands for the establishment of the church; for this is said to the prophet, that "the word should be put in his mouth, and that he should be covered with the shadow of the hand, to plant the heavens and to found the earth;" and a prophet cannot found the earth, but he can found a church; therefore it is also added, "to say unto Zion, Thou art my people. Awake, awake, arise, O Jerusalem," "Zion and Jerusalem," in the Word, meaning the church. In David:

The heaven is Thine and the earth is Thine; the world and the fullness thereof Thou hast founded them (Psalms 89:11).

Here too, "heaven and earth" signify the church; "the world" signifies the church as to good, and "the fullness thereof" signifies all the goods and truths of the church.

[5] In the same:

The earth and the world Jehovah hath founded upon the seas, and established upon the rivers. Who shall ascend into the mountain of Jehovah, and who shall stand in the place of His holiness? (Psalms 24:2-3).

The establishment of the church is described by "founding the earth and the world upon the seas, and establishing them upon the rivers," as can be seen above (n. 304, 518, 741). That the establishment of the church is signified is evident from what here follows, namely, "Who shall ascend into the mountain of Jehovah, and who shall stand in the place of His holiness?" "The mountain of Jehovah" means Zion, which signifies where the Lord reigns by means of the Divine truth, and "the place of His holiness" means Jerusalem, where the temple was, which signifies the church as to doctrine. All this makes clear that "the founding of the world" signifies the establishment of the church. For the "world" has a similar meaning as "heaven and earth;" and the expression "to found the earth" is used because the "earth" signifies the church on earth, and upon this heaven as to its holy things is founded. This also makes clear the signification of "the foundations of the earth" in the following passages. In Isaiah:

Do ye not know, do ye not hear, hath it not been declared to you from the beginning, do ye not understand the foundations of the earth? (Isaiah 40:21).

In the same:

The foundations of the earth are corrupted (Isaiah 24:18; likewise Isaiah 63:12; Jeremiah 31:37; Micah 6:2; Psalms 18:7, 15; 82:5).

(Continuation respecting the Second Kind of Profanation)

[6] Profaners of this kind are stupid and foolish in spiritual things, but are crafty and keen in worldly things, because they make one with the devils in hell; and because, as has been said above, they are merely sensual, and are therefore in what is their own [proprium], which draws its delight of life from the unclean effluvia that exhale from waste matters in the body, and that are emitted from dunghills; and these cause a swelling of their breasts when their pride is active and the titillation of these causes delight.

[7] That such is the source of their delight is made evident by their delights after death when they are living as spirits; for then more than the sweetest odors do they love the rank stenches arising from the gases of the belly and from outhouses, which to their smell are more fragrant than thyme. The approach and touch of these close up the interiors of their mind, and open the exteriors pertaining to the body, from which comes their quickness in worldly things, and their dullness in spiritual things. In a word, the love of having dominion by means of the holy things of the church corresponds to filth, and its delight to a stench indescribable by words, and at which angels shudder. Such is the exhalation from their hells when they are opened; but they are kept closed because of the oppression and occasional swooning which they produce.