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Vistry Group (LON:VTY) Posts Earnings Results

On Thursday, September 24, 2026, Housebuilder Vistry warned of further job cuts after reporting a half-year loss of over £660 million, seeking to save £50 million through restructuring.
Pre-Tax losses of £661.3 million resulted from a £475 million write-down and a £73.2 million provision for building safety at Grenfell Tower, with underlying losses of £83.3 million for six months to June 30.
CEO Adam Daniels announced plans to cut regional operations from 25 to 12 and exit the South East private home sales market, while slashing annual completions to around 12,000 homes.
Vistry reduced fiscal 2026 adjusted profit guidance to around £165 million from £200 million, excluding a £40 million impact from delayed deals; lenders waived banking covenants supporting the overhaul.
Further job losses will affect a workforce of around 4,150 following 350 departures since summer, though the firm has not disclosed exactly how many employees will be impacted by site closures.

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