Gear4music posts sales and profit surge as growth strategy delivers
Gear4music has reported a better than expected rise in sales and profit for the year to 31 March as its growth strategy continues to deliver results.
Sales surged by 30% to £190.7 million, with UK revenues up 26% to £114.1 million. EBITDA is expected to reach at least £18.1 million, up from £10 million, while pre-tax profit is forecast at no less than £9.7 million, compared to £1.6 million the prior year.
Subscribe to TRBMeanwhile, revenue in Europe and the rest of the world rose by 36% to £76.6 million.
Andrew Wass, Gear4music’s executive chair, said: “We are pleased to report that strong revenue growth continued during Q4 FY26, contributing to an excellent full-year financial performance, driven by the execution of our revised growth strategy announced in June 2024.
“Higher revenues and improved gross margins, combined with disciplined cost control, have driven at least an 80% increase in EBITDA in FY26 and a significant improvement in profit before tax to at least £9.7 million, up from £1.6 million in FY25.”
Gear4music said it completed several new technology projects in its fourth quarter to support growth. These included the launch of an AI-based inventory forecasting and purchasing platform, a digital promotions centre enabling more targeted customer incentives, and a website AI chatbot providing product information and advice.
Looking ahead, Wass said: “Whilst it remains early in the financial year and the board has not yet made any changes to FY27 forecasts, it remains confident that the business will build on the substantial financial progress achieved in FY26. Trading in FY27 to date is in line with consensus market expectations.”
