Vistry Group reports a 64% drop in profits but sees growth in home completions and remains optimistic for 2025.

Vistry Group, a British housebuilder, reported a 64% drop in pre-tax profits to £104.9 million in 2024, largely due to cost forecasting issues in its Southern division. Despite the financial setback, the company saw a 7% increase in total home completions. Vistry aims to improve its financial position in 2025 by reducing excess working capital and focusing on a capital-light, high-return model. The company is optimistic about the Labour government's plans to boost affordable housing.