Shares of York-based online musical equipment retailer Gear4music plc rose about 9% on Tuesday after it published a trading update for the six months to September 30, 2025, showing revenues up 31% to £80.7 million.

The York firm said its first-half gross profit is now expected to be not less than £22.6 million (FY25 H1: £16.5m) and first-half EBITDA expected to be not less than £6.5 million, more than double the prior year (FY25 H1: £2.9m).

Gear4music said its full-year outlook is ahead of consensus market expectations, with full-year EBITDA now expected to be not less than £13.7 million.

The company said it 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.”

Gear4music 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.”