The Crown Estate delivered a net revenue profit of over £1bn for 2024/25, driven by offshore wind Round 4 option fees.
Its contribution to the Treasury now totals £5 billion over the past decade.
New borrowing and investment powers under the Crown Estate Act 2025 will allow greater capital deployment across marine, urban and rural assets.
Net asset value fell to £15.0 billion from £15.5 billion after recognising Round 4 income, while urban and rural valuations rose.
Round 4 will add up to 8 GW of clean energy; Round 5 is targeting 4.5 GW of floating wind.
A £400 million port-and-supply-chain fund has been outlined to back the UK offshore sector.
The urban portfolio is modernising one million sq ft in London and plans a £1.5 billion science hub at Cambridge Business Park.
A conditional joint venture with Lendlease could unlock 10 million sq ft of commercial space and 26,000 homes.
Across its strategic land, the estate has identified potential for 56,000 new homes, with 5,000 in planning this year.
Energy use in the real-estate portfolio is down 20 % against a 2021/22 baseline.
Fifteen thousand acres are now under environmental farm tenancies, and 2,000 trees were planted on the Windsor Estate in the year.
Chief executive Dan Labbad (pictured) said new powers “enable us to create lasting benefits for the country and its finances.”