Crown estate makes more than £1bn profit for third year running (opens original article in a new tab)

The Crown Estate, managing King Charles's properties, made over £1bn profit for the third year in a row, mainly from offshore windfarms, with a portion of the income returned to the Treasury and the monarchy.

• Crown Estate made £1.2bn profit for the third year in a row, mainly from offshore windfarms
• Wind developers paid £875m in option fees to the Crown Estate for seabed areas
• Crown Estate returned £487m to the Treasury, with £132.1m going to King Charles for royal duties
• Crown Estate CEO Dan Labbad's pay increased by 20% to almost £2.33m