In the first six months of the year, Vistry’s expected adjusted operating profits are £125m, down from the £161.8m achieved a year before.

Additionally, Vistry’s management is expecting pre-tax profits of £80m for the first half of 2025 and below the £120.7m recorded a year earlier.

Vistry has completed circa 6,800 completions in this period though it had delivered 7,782 homes by this point in 2024.

The group’s sales rate averaged 1.02 in the first six months of 2025, down from 1.21, which led to a reduction in revenues.

Vistry’s revenue for the first half of the year is expected to be £1.8bn, down from £2bn in the first half of 2024.

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Elsewhere the housebuilder has successfully extended its £500m revolving credit facility and £400m term loan to April 2028, with its existing eight lenders on unchanged terms.

Vistry’s management has said the group remains on track to deliver a year-on-year increase in profits by the end of 2025, with a forward order book that has reached £4.3bn.

At this point in 2024, the housebuilder’s order book was £5.1bn.

“I am pleased to report that the group has delivered first half profits in line with expectations which underpin the Board’s confidence in its full-year outlook,” said Greg Fitzgerald, CEO at Vistry.

“The group has a strong forward order book totalling £4.3bn, excluding any benefit from the new Affordable Homes Programme funding, which will start to have a positive impact in the second half. 

“Working with our partners, we have good momentum and a strong deal pipeline which support our second half delivery and medium-term targets.”