Overview
- the 2024–2025 distributable surplus totals £22.9 million (about $30.9 million), a slight drop from £23.6 million the previous year.
- The surplus covers official, charitable and private expenses for Prince William, Princess Catherine and their three children, as he does not receive a traditional salary.
- The Duchy manages about 129,000 acres across England and Wales with farms, homes, forests and commercial properties, and it is exempt from corporation tax because it is not a separate legal entity.
- The report reiterates goals to reach net zero by the end of 2032, citing new habitat creation, peatland restoration on Dartmoor and innovation on focus farms.
- Housing work continues with projects offering homes and wraparound care and a proposed South East Faversham development expected to deliver nearly 1,000 affordable homes, while some residents have reported local maintenance concerns.