The Crown Estate reported a decline in annual operating profit to GBP 1.2 billion (approximately EUR 1.4 billion) from GBP 1.4 billion (approx. EUR 1.6 billion) in the previous year due to lower offshore wind Round 4 option fee income, as the Round 4 projects started entering the construction phase. Excluding the Round 4 option fees, operating profit rose 5 per cent to GBP 370 million (approx. EUR 435 million), while revenue from existing offshore wind farms increased 20 per cent to GBP 117 million (approx. EUR 138 million).

Over the year, the Crown Estate returned GBP 487 million (approx. EUR 573 million) to HM Treasury, bringing total contributions to GBP 5.1 billion (approx. EUR 6 billion) over the past decade, according to its financial report released on 25 June.