India, July 1 -- The Crown Estate which manages King Charles's public property, reported an annual profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year with the offshore wind leases its biggest source of revenue.

The Crown Estate is made up of tracts of land and most of the Britain's sea bed.

It is an independently run, commercial business, whose profits goes to the UK Treasury and are seen as the benchmark for the level of public funding for the royal family.

According to the company statement cited in a Reuters report, the net revenue profits was 1.15 billion pounds for the year between April 1 2024 and March 31 2025. Most of the revenue (1.07 billion pounds) came from the offshore wind farm leasing ...