AGM Statement and Trading Update
Gear4music reported that its Q1 FY26 group revenues, for the three months ending June 30, 2025, were 27% higher than Q1 FY25. The company has experienced continued traction into Q2 FY26. Due to strong trading, the board has increased its expectations for the group's financial performance for the year ending March 31, 2026. Prior to this announcement, market expectations for the year ending March 31, 2026, were revenues of £155.8 million, EBITDA of £11.3 million, and profit before tax of £3.0 million. The company will release a trading update for the six months ending September 30, 2025, on October 21, 2025.
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.