REG - Gear4music - AGM Statement and Trading Update

Gear4music (HOLDINGS)Announcement

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RNS Number : 1168Y  Gear4music (Holdings) PLC  05 September 2025

5 September 2025

 

Gear4music (Holdings) plc

AGM Statement and Trading Update

 

Gear4music (Holdings) plc, ('Gear4music' or 'the Group') (LSE: G4M), the UK's
largest retailer of musical instruments and music equipment, will hold its
Annual General Meeting at 10.30am today.

At the meeting Gear4music's Executive Chair, Andrew Wass, will make the
following statement:

"We are pleased to report that the strong sales momentum highlighted in our
previous update has continued. Group revenues for Q1 FY26, covering the three
months to 30 June 2025, were 27% ahead of Q1 FY25, with traction continuing in
Q2 FY26 to date.

This performance reflects the positive impact of our refreshed Growth
Strategy, which is delivering tangible results. As previously announced, this
is supported by a more favourable competitive landscape across both our UK and
European markets, allowing the Group to successfully capture additional market
share.

While it remains early in the financial year and the critical peak trading
period is yet to come, strong trading in the year to date provides the Board
with sufficient confidence to once again increase its expectations for the
Group's financial performance for the year ending 31 March 2026, following the
uplift to expectations announced in June 2025.

The Group will issue a trading update for the six months to 30 September 2025
on 21 October 2025, followed by publication of half-year results on 18
November 2025."

* Gear4music believes that consensus market expectations for the year ending
31 March 2026 prior to release of this announcement were revenues of £155.8
million, EBITDA of £11.3 million and profit before tax of £3.0 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 Sole 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.

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