Gear4music - AGM Statement and Trading Update

Gear4music (HOLDINGS)

05/09/2025 07:00

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
Andrew Wass, Executive Chair
Gareth Bevan, Chief Executive Officer
Chris Scott, Chief Financial Officer
+44 (0)20 3405 0205
Singer Capital Markets - Nominated Adviser and Sole Broker
Peter Steel/Sam Butcher, Corporate Finance
Tom Salvesen, Corporate Broking
+44 (0)20 7496 3000
Alma Strategic Communications - Financial PR
Rebecca Sanders-Hewett
Joe Pederzolli
Sarah Peters
+44 (0)20 3405 0205
Gear4music@almastrategic.com

 

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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