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Online musical instrument retailer Gear4music has reported a pre-tax profit of £10.3m for the year ended 31 March 2026, up from £1.6m the previous year.
The group also reported that total revenues rose 30% to £190.7m during the period, while EBITDA grew 84% to £18.4m. This surpassed the updated market expectations of £18.1m published in April 2026.
Looking ahead, trading in the current financial year has delivered double-digit revenue growth, and the group remains on track to meet consensus market expectations for 2027.
It also secured a new £45m revolving credit facility running until August 2029 to support future capital investment. It is currently installing equipment at a new automated distribution centre near York, which is scheduled to open later this year.
Additionally, the group said that multiple growth-focused technology and systems upgrades launched during Q4 FY26 and Q1 FY27 are performing well and set to yield benefits in FY27.
Andrew Wass, executive chair of Gear4music, said: “We are delighted to report that FY26 delivered significant strategic, commercial and financial progress, with strong revenue growth of 30% contributing to an excellent full-year financial performance. Improved gross margins combined with disciplined cost control have driven an 84% increase in EBITDA and a significant improvement in profit before tax, an increase of £8.7m compared with the previous year.
“Whilst it remains early in the financial year, double-digit revenue growth in FY27 to date gives us confidence that the business will build on the substantial progress achieved in FY26. Trading in FY27 to date is in line with the board’s expectations despite more challenging year-on-year comparatives. We are on track to deliver FY27 consensus market expectations and the group is well positioned to take advantage of further growth opportunities in both the UK and Europe.”
