REG - Gear4music - Half Year Trading Update

Gear4music (HOLDINGS)Announcement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251014:nRSN1662Da&default-theme=true

RNS Number : 1662D  Gear4music (Holdings) PLC  14 October 2025

14 October 2025

 

Gear4music (Holdings) plc

Half Year Trading Update

Very strong revenue growth continues, with further upgrades to current year
market expectations

 

Gear4music (Holdings) plc ("Gear4music" or "the Group"), the largest UK based
online retailer of musical instruments and music equipment, today announces a
trading update for the six months to 30 September 2025.

 

 £m                                       6m to 30 Sept 2025  6m to 30 Sept 2024  % Change on FY25 H1

                                          (FY26 H1)           (FY25 H1)
 UK revenues                              49.6                38.0                +31%
 European and Rest of the World revenues  31.1                23.7                +31%
 Total revenues                           80.7                61.7                +31%

 

FY26 H1 Financial Highlights:

 

 -          Very strong revenue growth across our markets and brands
 -          Revenue growth accelerated from +27% in FY26 Q1 to +34% in FY26 Q2
 -          Gross margin expected to be not less than 28.0%, a 130bps increase on FY25 H1
            (26.7%)
 -          Gross profit expected to be not less than £22.6m (FY25 H1: £16.5m)
 -          EBITDA expected to be not less than £6.5m, more than double the prior year
            (FY25 H1: £2.9m)
 -          Full-year outlook ahead of consensus market expectations, with EBITDA now
            expected to be not less than £13.7m*

 

Gear4music's Executive Chair, Andrew Wass, said:

"We are pleased to report that the strong sales momentum highlighted in our
previous updates has continued, with Group revenues for the six months to 30
September 2025 (FY26 H1) up 31% year-on-year.

This robust performance reflects the clear benefits of our refreshed Growth
Strategy, including enhanced marketing capabilities and improved inventory
availability, alongside a more favourable competitive environment across both
our UK and European markets.

Although the critical peak trading period is still ahead, the strength of
year-to-date trading gives the Board further confidence to again raise its
expectations for the Group's financial performance for the year ending 31
March 2026, following the upgrades announced in June 2025 and September 2025."

The Group will report Interim results for the six months ended 30 September
2025 on 18 November 2025.

* Gear4music believes that consensus market expectations prior to the release
of this update for the year ending 31 March 2026 were revenue of £160.7
million, EBITDA of £12.0 million and profit before tax of £3.7 million.

ENDS

Enquiries:

 

 Gear4music                                             +44 (0)20 3405 0205

 Andrew Wass, Executive Chair

 Gareth Bevan, Chief Executive Officer

 Chris Scott, Chief Financial Officer

 Singer Capital Markets - Nominated Adviser and Broker  +44 (0)20 7496 3000

 Peter Steel/Sam Butcher, Corporate Finance

 Tom Salvesen, Corporate Broking

 Alma Strategic Communications - Financial PR           +44 (0)20 3405 0205

 Rebecca Sanders-Hewett                                 Gear4music@almastrategic.com

 Joe Pederzolli

 Sarah Peters

 

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup,
Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden
& Germany, the Group sells own-brand musical instruments and music
equipment alongside premium third-party brands including Fender, Yamaha and
Roland, to customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and the Rest of the World.

 

Having developed its own e-commerce platform, with multilingual, multicurrency
websites delivering to over 190 countries, the Group continues to build its
overseas presence.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the
publication of this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFLFVEIELVLIE



            Copyright 2019 Regulatory News Service, all rights reserved