By Snehil Singh
King Charles is set to receive an official annual income of 拢132 million in 2025-26. This comes after the Crown Estate, which manages his public property, reported a profit of 拢1.15 billion ($1.57 billion) for the year ending March 31, 2025. The profits were mainly driven by offshore wind leases, with 拢1.07 billion coming from this sector alone. Profits at the Crown Estate were 拢1.1 billion in the fiscal year ending March 31, but more than double their level two years ago at 拢442.6 million. The monarchy receives 12% of these profits to fund its work, including the ongoing 拢369 million renovation of Buckingham Palace. This percentage was reduced from 25% in 2023 to account for the increased profits from offshore wind projects. Overall, the Crown Estate, which includes a portfolio of London residences and rural real estate, is currently worth 拢15 billion, down from 拢15.5 billion the previous year. Its marine business was valued at 拢3.4 billion after a 拢1 billion drop in value this year. The London property assets were valued at 拢7.1 billion, with much of the portfolio concentrated around Regent Street and St. James’s, compared to 拢6.9 billion for the previous year. The Crown Estate is also redeveloping around 93,000 square meters of commercial space in London as part of a 拢490 million project. It has entered into a joint venture with construction company Lendlease to potentially build up to 26,000 homes and create 100,000 jobs. The estate estimates it can build up to 56,000 new homes across its portfolio. The offshore wind power sector has been a major contributor to the Crown Estate’s profits. The royal estate, as the legal owner of the seabed surrounding England, Wales, and Northern Ireland, is in charge of auctioning offshore wind rights. It has benefited from the industry’s rapid growth by demanding high option fees from renewable energy companies in order to secure seabed regions for wind farm construction. However, revenue from leasing rounds is expected to drop to 拢25 million annually from January 2026 as more projects move into development stages. Dan Labbad, CEO of the Crown Estate, said they always knew the boost to our profits due to offshore wind leasing option fees from Round four was short term, and we expect this year to be the high point for these returns.