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Vistry Group PLC shares tumbled 16% on Wednesday, leading the housebuilding sector lower, as it signalled it will prioritise sales growth and cash generation over margins in the early part of this year. The company's full-year results for 2025 were broadly in line with expectations, with adjusted profit before tax rising 2% to £268.8 million despite a 9% drop in completions.
Vistry Group PLC said its executive chairman Greg Fitzgerald would step down over the next year as the housebuilder reported annual results broadly in line with expectations and signalled a renewed focus on cash generation. Fitzgerald will retire as chair at the company's annual meeting in May and will leave the chief executive role by March 2027, the group said alongside its results for calendar 2025.
Vistry Group PLC (LSE:VTY) is positioned to benefit from recent Government measures that improve funding visibility for Affordable Housing, that's according to stockbroker Panmure Liberum. The broker, in a note, highlighted 'new clarity' from the UK's Ministry of Housing, Communities and Local Government on rent-setting.
Vistry Group PLC (BVHMY) Q4 2025 Sales/Trading Call Transcript
Shares in housebuilder Vistry Group PLC (LSE:VTY) fell 7.5% to 632.2p, giving back some of their recent gains, as investors focused on the shape of earnings rather than the headline confirmation of full-year guidance. The move comes after the stock had rallied close to 20% from its November lows, reflecting growing confidence that Vistry would meet its 2025 targets.
Vistry Group PLC (LSE:VTY) said it met full-year expectations in 2025 and struck a note of cautious optimism on the outlook, signalling that performance in 2026 is likely to be weighted towards the second half as funding clarity improves and affordable housing programmes gather pace. The housebuilder said adjusted profit before tax for the year to December is expected to be about £270 million, up from £263.5 million in 2024 and in line with market expectations.
Vistry Group PLC (LSE:VTY) shares rose 2.8% to 645.8p after the housebuilder reaffirmed its full-year outlook, saying it still expects a year-on-year rise in profits despite a tough housing market. Ahead of the third-quarter trading update, said broker Panmure Liberum, "many commentators were assuming that Vistry would disappoint", following half-year results in September that did just that.
Vistry Group PLC (LON: VTY - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seven research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.
Vistry Group PLC's (LSE:VTY) focus on affordable and build-to-rent housing may finally be set to pay off. Analysts at Panmure Liberum have reinitiated coverage of the UK's largest housebuilder with a “buy” rating and a 725p target price, arguing that investors are overlooking the company's position at the heart of the government's housing plans.
Vistry stands out as a homebuilder with lower capital intensity, focusing on government-backed affordable housing through pre-sales to housing associations. There is some poorly quoted backlog that is going to become less burdensome on profits in the coming years. The macro exposure on the partner business is less related to rates and more to political efforts to fund housing supply, a relatively multi-partisan issue.
Vistry Group PLC (OTCPK:BVHMY) Q2 2025 Earnings Call September 10, 2025 3:30 AM EDT Company Participants Gerald Fitzgerald - CEO & Executive Chairman Timothy Lawlor - CFO & Executive Director Stephen Teagle - Chief Executive – Countryside Partnerships Conference Call Participants William Jones - Redburn (Europe) Limited, Research Division Christopher Millington - Deutsche Bank AG, Research Division Aynsley Lammin - Investec Bank plc, Research Division Lewis Roxburgh - Goodbody Stockbrokers UC, Research Division Clyde Lewis - Peel Hunt LLP, Research Division Glynis Johnson - Jefferies LLC, Research Division Presentation Gerald Fitzgerald CEO & Executive Chairman Good morning, everyone, and welcome to Vistry's Half Year Results for 2025. So I'm joined today by Tim Lawlor, Chief Financial Officer; and Stephen Teagle, Chief Executive, Partnerships and Regeneration.
Vistry Group PLC (LSE:VTY) reported a 55% drop in first-half profit before tax as completed sales dropped due to subdued demand from the housbuilder's housing association partners ahead of the government's spring spending review. Profit before tax came in at £40.9 million for the first six months of 2025, down from £91.2 million the year before.
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Vistry Group PLC (LSE:VTY) shares rose 2.9% as it reported lower profits, as expected, and reiterated guidance that the full year will be more weighted to the second half than usual as government funding begins for the Affordable Homes Programme. House completions of 6,800 were made in the first half of 2025, down 13% on last year, with 73% funded from collaborations for its Partnerships arm.
Vistry Group PLC (LSE:VTY) is still looking to repair its reputation after three profit warnings last year, though the government's plans for increased social housing spending are helping bring some investors back. Its shares are one of the best-performing in the housebuilding sector so far this year, helped by the government announcing plans to allocate £39 billion to affordable homes in coming years, a key area of focus for the FTSE 250 group's bow.
Vistry Group PLC (LSE:VTY) shares jumped 9% to 715p, to lead a second day of gains across the housebuilding sector, after reports that Chancellor Rachel Reeves will allocate billions of pounds to affordable homes. Today's government spending review will include £39 billion for affordable homes at its centre, newspapers including the Financial Times reported.
Vistry Group PLC (LSE:VTY) reported an improvement in its sales rate, rising to 0.91 per outlet per week from the 0.59 announced in March, with the last eight weeks averaging 1.32. In a statement ahead of its annual shareholder meeting, the housebuilder said it continues to expect a year-on-year profit increase in 2025, with performance more heavily weighted to the second half of the year.
Vistry Group PLC (LSE:VTY) reported a 35% fall in profits for last year, which was slightly better than it had previously indicated due to the accounting treatment of major cost overruns in its southern division. Adjusted profit before tax was £263.5 million in the 2024 calendar year, down 35% on 2023, but better than circa-£250 million it guided to in January.
Shares in housebuilders, including Vistry Group PLC (LSE:VTY) and Barratt Redrow PLC (LSE:BTRW), were on the front foot on Tuesday after the government announced £2 billion of new funding to support social and affordable housing.