Punjab Kings lost to Royal Challengers Bangalore in the IPL 2025 Qualifier 1 while Mumbai Indians defeated Gujarat Titans in the Eliminator. This sets up a Qualifier 2 match between Punjab Kings and Mumbai Indians; the victor will advance to the final against Royal Challengers Bangalore.

Mumbai Indians boast extensive playoff experience holding a 2-2 record in Qualifier 2 matches. Conversely Punjab Kings have a limited Qualifier 2 history with their only previous appearance resulting in a 24-run victory over Chennai Super Kings in 2014 securing their first-ever finals berth.

The Punjab Kings aim to reach their second IPL final while the Mumbai Indians seek to revive their past success and win another championship.