Overview
- The Crown Estate reported operating profit of £1.2 billion for the year to March, down from £1.4 billion a year earlier due to reduced Round 4 offshore wind option‑fee income.
- Excluding one‑off option fees, underlying operating profit rose 5% to £370 million and marine operating profit increased to £175 million, supported by higher wind generation and new capacity.
- Revenue from existing offshore wind farms grew 20% to £117 million while the Crown Estate’s net asset value climbed to £16.7 billion as its managed offshore capacity reached 13 GW.
- The organisation returned £487 million to HM Treasury in the year and disclosed on 25 June that changes made by Parliament in 2025 let it retain a larger share of gross revenue, rising toward 60% for reinvestment.
- With the new retention powers and a pending borrowing framework, the Crown Estate plans to deploy up to £5 billion over the next decade to speed offshore wind build‑out, support supply chain capacity and fund housing and innovation projects.