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Gear4music Holdings PLC on Tuesday reported an ‘encouraging’ set of final results as it said profit for financial 2025 more than doubled, with it benefitting from a reduction in costs. The York, England-based online retailer of musical instruments and equipment reported pretax profit for the financial year that ended March 31 of £1.6 million, more than doubling from £584,000 a year earlier. Shares in Gear4music surged 7.5% to 198.88 pence on Tuesday morning in London. Driving this improvement was a reduction in exceptional items and financial expenses, coupled with gains in financial income. Gear4music recorded no exceptional items charges in financial 2025, compared to £487,000 item a year earlier related to redundancy costs incurred during the restructure of head office teams. Financial expenses fell 19% to £1.8 million from £2.2 million, while financial income more than doubled to £115,000 from £44,000. Revenue advanced 1.6% to £146.7 million from £144.4 million, but with cost of sales increasing 2.0% to £107.1 million from £104.9 million. However, Gear4music noted 4% top line growth in its second half, ‘reflecting early progress of returning to growth in a challenging market.’ On current trading, the company noted double digit growth from mid-March this year, as well as a strengthening financial 2026 trajectory to-date. Gear4music said it has uplifted its expectations for the new financial year, reflective of its positive trajectory over the last three months. It noted market expectations for the current financial year prior to its results publication of £153.8 million in revenue and £2.7 million in pretax profit. Executive Chair Andrew Wass commented: ‘We are pleased to confirm that our FY25 financial results are in line with the year-end trading update.’ ‘This encouraging performance reflects the early positive impact of our revised strategy, alongside a more favourable competitive landscape following the recent failure of two UK competitors. As previously reported the group subsequently acquired selected assets from their Administrators, further strengthening our market position. ‘Although it remains early in the new financial year, the group has benefited from these developments and the board is uplifting its expectations for the group’s financial performance for the year ending 31 March 2026.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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