York-based Gear4music has reported stronger sales.
The largest UK based online retailer of musical instruments and music equipment, posted a three per cent increase in UK revenue to £51 million for the six months ending September 30, 2026.
Revenue from Europe and the rest of the world rose by 11 per cent to £34.4 million, bringing total revenue to £85.4 million, up six per cent from the same period in 2025.
Andrew Wass, executive chair of Gear4music, said: "We are pleased to report further revenue and gross profit growth in the first half, building on the significant progress achieved in FY26 and against very strong prior-year comparatives.
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"Our performance reflects the strength of our customer proposition in a challenging environment for discretionary consumer spending."
Gross profit for the period reached £23.6 million, up from £22.6 million the previous year.
The company expects a gross margin of 27.6 per cent, slightly down from 28 per cent last year, the half year trading update continued.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) are projected at £5.7 million, compared to £6.5 million in 2025.
This figure reflects setup costs for the company’s new automated UK warehouse.
Gear4music says it continues to invest in its e-commerce platform and logistics to support long-term growth.
Mr Wass said: "We are well prepared for the important peak trading period.
"With this key part of the year still ahead, the Board continues to expect the Group's financial performance for the year ending 31 March 2027 to be in line with consensus market expectations."
Consensus expectations for the year include revenue of £200.2 million, EBITDA of £16 million, and profit before tax of £6 million.
Gear4music will announce its interim results for the six months ended September 30, 2026 on November 17.
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