York-based online musical equipment retailer Gear4music plc said its revenue rose 31% to £80.7 million in the six months ended September 30, 2025, and it made profit before tax of £2.7 million compared to a loss of £1.2 million for the same period of the prior year.
In its outlook, the York firm said its strong trading has continued in Q3 of FY26 to date.
“UK warehouse expected to operate near maximum capacity during the upcoming peak seasonal trading period; plans in place to increase capacity during FY27 in line with our long-term strategy,” said the company.
“Full-year outlook ahead of recently upgraded consensus market expectations, with EBITDA now expected to be not less than £15.0m.”
Gear4music believes that current consensus market expectations for the year ending March 31, 2026, are for revenues of £169.4 million, EBITDA of £13.7 million and profit before tax of £5.5 million.
Gear4music CEO Andrew Wass 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 £3.9m 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.
“As we approach the peak seasonal trading period, we are well prepared, although based on the current trajectory we expect our UK distribution centre in York will operate close to maximum capacity during December. To ensure we continue to deliver a market-leading customer proposition, we plan to open a new Yorkshire-based distribution centre within the next 12 months.
“Complementing our existing York facilities, the new site will increase our UK distribution capacity by approximately 2.5 times and provide the operational efficiency needed to support the next phase of our expansion and our long-term growth ambitions.
“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, September 2025 and October 2025, and we now expect EBITDA to be not less than £15.0m.
“We look forward to providing a further trading update after the Christmas period on 20 January 2026.”