Shares in Gear4music (G4M:AIM) gained ground after the online musical instruments retailer’s FY26 results breezed past recently-upgraded market expectations.
The guitars, drums and pianos seller also insisted its strong revenue growth has continued into April 2026.
As such, the York-based company remains confident of building on ‘the substantial financial progress achieved in FY26’.
Beat across the board
Gear4music hailed a strong year to March 2026 performance with significant revenue, EBITDA and pre-tax profit growth ahead of recently raised market expectations.
Total sales ticked up 30% to £190.7 million in Fy26. That was comfortably above the £186.4 million consensus estimate and driven by sustained growth and market share gains in the UK and across Europe.
The company, which sells own-brand musical instruments and equipment alongside premium third-party brands including Yamaha, Roland and Fender, expects pre-tax profit will be ‘not less than’ £9.7 million. That’s an upgrade on the £9.3 million consensus estimate.
Deleveraging continues
Andrew Wass, executive chairman, said ‘strong revenue growth continued during Q4 FY26, contributing to an excellent full-year financial performance, driven by the execution of our revised growth strategy announced in June 2024.’
Wass also noted that Gear4music’s net bank debt has reduced for a fourth consecutive year to £5 million.
Scope for further upgrades
Despite a tough consumer backdrop, Gear4music’s strong revenue growth continued into April 2026.
‘Whilst it remains early in the financial year and the board has not yet made any changes to FY27 forecasts, it remains confident that the business will build on the substantial financial progress achieved in FY26,’ insisted the company.
Thanks to an earnings upgrade cycle, Gear4music’s share price has almost doubled over one year, although the stock remains some way off lockdown-induced peaks.
Group turnover surpassed that of the Covid-driven FY21 for the first time last year. And despite tougher comparatives and the pressures on consumer spending, there could be more positive earnings revisions to come.
Gear4music is capitalising on the demise of certain rivals. It also continues to take market share and invest for future growth, developing both its physical and IT platform infrastructure.
Read the press release here: https://www.gear4musicplc.com/investors/overview/
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