Gear4music posts strong first half revenue growth
Gear4music has seen its first half revenue climb by 31% to £80.7 million as it continues to implement its growth strategy.
In the six months to 30 September, revenue growth accelerated from 27% in the first quarter to 34% in the second.
EBITDA improved by £4 million to £6.9 million equating to an EBITDA margin of 8.5%.
Meanwhile, the retailer posted a pre-tax profit of £2.7 million compared to a loss of £1.2 million in the first half of the prior year.
Andrew Wass, Gear4music executive chair, said: “We are delighted to report a strong operational and financial performance for FY26 H1, with revenues increasing by 31%, margins improving, and profit before tax up by £3.9 million during what is typically our quieter half of the year.
“I am extremely proud of the work our teams continue to undertake in implementing the revised growth strategy we announced in June 2024. Their efforts have enabled us to capitalise on the significant market opportunities that have arisen during 2025 as we enter an exciting new phase of our profitable growth journey.”
Subscribe to TRBGear4music said it is well prepared for the busy festive season, although it expects its UK distribution centre in York to be operating close to maximum capacity in December. It is now planning to open a new Yorkshire based facility within the next 12 months, which will increase UK distribution capacity by approximately 2.5 times.
The company added that the strong trading has continued into its third quarter. As a result, it now expects full year EBITDA to be not less than £15 million.
