[Vistry Group results for the first half of 2026]

The company's reported loss for the period was £661million, net of £475million impairment of goodwill and a £73million building safety provision.  It reported “more challenging” open market conditions over the summer months due to lower customer confidence and broader economic uncertainty.  While the company remains committed to a mixed-tenure, partnerships model, it plans to transition to  a “smaller, more focused business", with planned completions down to 12,000 per year from 15,658 in 2025.  It also plans to consolidate its current 25 regions to 12 larger operating regions to “obtain cost efficiencies”.

Action taken to generate cash, including higher discounts on sales, accelerated asset sales, and changes in site mix and build rates reduced profits for the period by around £50million.  However, the company expects a “significant improvement in profitability” and a “materially stronger balance sheet position” in the second half of the year, with a net cash position in excess of £100million forecast for the year end.