Vistry (LSE: VTY) issued its trade update for the first half of 2025 this morning (July 10). And although the numbers do not look thrilling FTSE 250 Stock offers a lot of space for optimism.

In the context of the company that issued a number of profit warnings in the last year, it is probably a relief. Are the actions ready to bounce back?

Modest results

The corrected Vistry operational profit was 125 million pounds. This is a decrease of about 22% compared to the previous year, but according to the latest guidelines of the company (which managing repeated).

The main reason for the decline is problems with the costs from the Southern Department, which the company reported in October 2024. Implications are to consider profits in 2025 and 2026.

Graduation in the first half of 2025 also fell by about 13%. And a higher percentage of them in the open market, not partner programs, also influenced profits.

The book of orders, which a year ago fell from 5.1 billion GBP to 4.3 billion GBP, is also a kind of inheritance. But there are reasons to be positive.

Positive perspectives

Despite the low -inspiring numbers, there were two main reasons for positivity with the latest Vistry result. The first of them seems that the company strongly set for her accounting problems.

Continuous influence on earnings is undesirable. But after three warnings of profits over so many months, it is encouraging that matters are stable from the beginning of 2025.

There is also a reason to be an optimist on the growth front. Vistry should be able to utilize a up-to-date house program at an affordable price of 39 billion pounds from the UK government.

Company’s partnerships with local authorities and housing associations are a key part of its long -term plans. And this is the reason for true optimism – not just relief.

Returnal time?

In a compact period there is a certain crucial risk to consider. One of them is higher wood prices to enhance costs, and the other remains an increased and valid interest rate on demand.

But Vistry has an advantage over his rivals when it comes to these problems. His partnerships lend a hand to protect him against higher input prices, while reducing dependence on the open market.

The price of Vistry shares is currently 50% lower than a year ago. But business can be set to a huge double height, which in my opinion could send wrestling much higher.

Since the effects of cost problems are replaced by government stimuli, profits can enhance rapidly in the next few years. And investors may consider buying shares before this happens.

Should I buy?

My view of British houses has not changed much over the past year. A huge number – including Vistry – is still being examined by the Office for Competition and Markets.

Although it is so, I see the sector as an uninvebleated. Others may feel different, but I am not willing to take the risk of uncertain risk that may cause indefinite potential losses.

When this case resolves, things may be completely different. And if it appears without up-to-date problems, Vistry joins my campaign to buy at the moment.