Vistry’s completions fall 9%

Vistry Group has met its full year guidance, noting a “particularly strong” second half but with completions down 9%, it said today (January 14).

In a trading update ahead of its full year results on March 4, the mixed-tenure, partnerships housebuilder said its group adjusted pre-tax profit for the year ending December 31 2025 was anticipated to be around £270 million against 2024’s £263.5 million.

This follows Vistry’s trading update in November in which it stated that it expected to achieve year-on-year profit growth after seeing a positive “early impact” of the government’s affordable housing measures on its partner contracts. Its half year results were impacted by lower demand from affordable housing partners.

Revenue for 2025 is expected to be “broadly flat” at £4.2 billion (2024: £4.3 billion), on total completions of around 15,700 against 2024’s 17,225.

The majority of these were partner funded at 74%, down 8% to 11,600 units, mainly reflecting partner uncertainty over funding in the first half, Vistry said.

But in the second half, affordable housing volumes increased 30% on the equivalent period in 2024, with the clarity of funding that June’s Spending Review gave, Vistry commented.

However, it also noted that in …