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.

3934. 'And Leah said, A troop comes!' in the highest sense means Omnipotence and Omniscience, in the internal sense the good of faith, and in the external sense works. This is clear from the meaning of 'a troop' in this context. The reason 'a troop' in the highest sense means Omnipotence and Omniscience is that the word troop here denotes a large number; and when a large number is used in reference to the Lord's Divine an infinitely large number is meant, and this is nothing else than Omnipotence and Omniscience. But the term omnipotence is rooted in the idea of vastness in dimension, and omniscience in the idea of vastness in number. Omnipotence is also rooted in the idea of infinite good, or what amounts to the same, in Divine love and so in the Divine will, whereas omniscience is rooted in the idea of infinite truth, or what amounts to the same, in Divine intelligence. Why 'troop' in the internal sense means the good of faith is a question of correspondence, for good that is the good of charity corresponds to the Lord's Divine omnipotence, and truth which is the truth of faith to His omniscience.

[2] The reason why 'a troop' in the external sense means works is that these correspond to the good of faith. Indeed works are the product of that good, for the good of faith cannot exist without works, just as thinking what is good and willing it cannot exist without the doing of it. The one is the internal, the other the corresponding external. What is more, so far as works are concerned, if they do not correspond to the good of faith they are not the works of charity, nor are they the works of faith, since they are not the outcome of what should properly be within them, but dead works that have no good or truth within them. But when the external does correspond to the internal, works are either those of charity or of faith. The works of charity are those which flow from charity as their soul, but the works of faith are those which flow from faith. The works of charity are done by one who is regenerate, whereas the works of faith are done by one who is not yet regenerate but is becoming so. The same applies to affections, that is to say, to the affection for good and the affection for truth. The regenerate person does good out of an affection for that good and so from a desire for good, whereas the one who is to be regenerated does good out of an affection for truth, and so from a knowledge of good. (How these affections differ from each other has often been shown already.) From this one may see what is meant by works.

[3] Furthermore the relationship of the good of faith to works is like that of a person's will and consequent thought to his face, which, as is well known, is an image of the mind, that is, of the person's will and consequent thought. If will and thought do not present themselves in the face as their true image then hypocrisy or deceit, not will and thought, are manifested there because that person presents a different face from what he wills and thinks. It is similar with every act of the body in relation to the more internal things of thought and will. The internal side of a person lives within his external by means of act or action. If act or action does not accord with his internal it is a sign either that that act is not the product of his internal but a mere response to custom and habit, or that it is something untrue as in hypocrisy and in deceit. Here again one may see what is meant by works. Consequently anyone who professes faith, more so anyone who professes the good of faith, and yet denies works, and more so if he rejects them, is without faith and still more without charity.

[4] This being the nature of the works of charity and faith, and since nobody has any charity or faith in him unless works are being done, the Word therefore mentions works so many times, as may be seen from the following places: In Jeremiah,

Your eyes have been opened upon all the ways of the sons of man, giving to everyone according to his ways and according to the fruit of his works. Jeremiah 32:19.

In the same prophet,

Turn now every one of you from his evil way, and make your works good. Jeremiah 35:15.

In the same prophet, I will requite them according to their work and according to the work of their hands. Jeremiah 25:14.

In Hosea,

I will visit upon him his ways, and requite him for his works. Hosea 4:9.

In Micah,

The earth will be a desolation over its inhabitants, on account of the fruit of their works. Micah 7:13.

In Zechariah,

Thus said Jehovah Zebaoth, Turn from your evil ways and from your evil works. Jehovah Zebaoth thought to deal with us according to our ways, and according to our works so He dealt with us. Zechariah 1:4, 6.

In John,

Blessed are the dead who die in the Lord from now on. Yes indeed, says the Spirit, that they may rest from labours, for their works follow them. Revelation 14:13.

[5] In the same book,

I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the book of life, and the dead were judged by the things written in the books, according to their works. The sea gave up the dead that were in it, and death and hell gave up the dead that were in them. They were judged therefore every one according to their works. Revelation 20:12-13.

In the same book,

Behold, I am coming quickly, My reward with Me, to give to everyone according to his work. Revelation 22:12.

In John the Evangelist,

This is the judgement, that light has come into the world, but men preferred darkness rather than light, for their works were evil. Everyone who performs evil deeds hates the light and does not come to the light lest his works should be exposed. Anyone however who does the truth comes to the light, so that his works may be clearly seen, because they have been wrought in God. John 3:19-21.

In the same gospel,

The world cannot hate you, but it hates Me because I testify of it that their works are evil. John 7:7.

In the same gospel,

Jesus said to the Jews, If you were Abraham's sons you would do the works of Abraham. You do the works of your father. John 8:39, 41.

In the same gospel,

If you know these things, blessed are you if you do them. John 13:17.

[6] In Matthew,

Let your light shine before men, that they may see your good works. He who does and teaches so will be called great in the kingdom of heaven. Matthew 5:16, 19.

In the same gospel,

Not everyone who says to Me, Lord, Lord, will enter the kingdom of heaven but he who does the will of My Father who is in heaven. Many will say to Me on that day, Lord, Lord, did we not prophesy by Your name, and by Your name cast out demons, and do many mighty works in Your name? But then I will confess to them, I do not know you; depart from Me, you workers of iniquity! Matthew 7:21-23.

In Luke,

The householder replying says to them, I do not know where you are from. Then you will begin to say, We ate in your presence and we drank; you taught in our streets. But He will say, I tell you, I do not know where you come from; depart from Me, all you workers of iniquity! Luke 13:25-27.

In Matthew,

Everyone who hears My words and does them I will liken to a wise man. But everyone hearing My words and not doing them will be likened to a foolish man. Matthew 7:24, 26.

In the same gospel,

The Son of Man will come in the glory of His Father together with His angels, and at that time He will repay everyone according to his works. Matthew 16:27.

[7] From all these places it is evident that works are what save a person or what condemn him, good works being those that save, evil those that condemn; for his works contain what he wills. Anyone who wills what is good does what is good, but anyone who does not do what is good, no matter how much he may say that he wills it, does not will it when he does not do it. It is as though he were to say, I will it, yet I don't will it. And because the will itself is contained in works, and charity belongs to the will, and faith to charity, it is evident what kind of will, that is, what kind of charity and faith, is present in someone when he does not do good works, and more so when he does the opposite of these.

[8] In addition it should be recognized that the Lord's kingdom begins in a person in the life that belongs to works, for he is then at the start of regeneration; but once the Lord's kingdom is established in him the kingdom ends in works, and then he is regenerate. Indeed the internal man is in this case present in the external in a corresponding fashion; and since works are done by the external man while charity and faith rooted in charity dwell in the internal man, works are therefore at the same time charity. And as it is in the works of the external man that the life of the internal so presents itself, therefore - when speaking about the Last Judgement in Matthew 25:32-46 - the Lord lists nothing else than works, declaring that those who have done good works will enter into eternal life and those who have done evil into a state of damnation. What has been said also shows the meaning of what one reads about John's lying at Jesus' breast and in His bosom and about His loving him more than the rest, John 13:23, 25; 21:20; for John represented good works, see the Prefaces to Genesis 18, 22. What the works of faith are, which from their appearance may be called the fruits of faith, and what the works of charity are, will in the Lord's Divine mercy be discussed more fully elsewhere.