Gear4Music, the listed musical instrument retailer, has posted a positive financial performance for the year ending 31 March 2025, driven by strategic acquisitions and growth in its UK market. The company’s revenue reached £146.7m, up from £144.4m in the previous year, with profit before tax increasing to £1.6m, compared to £600,000 in 2023/24.
The growth was further bolstered by the company’s recent acquisition of the assets of two competitors, S & T Audio Ltd (PMT) and GAK.co.uk Ltd, both of which had entered administration earlier in the year. These acquisitions have allowed Gear4Music to strengthen its market position in a consolidating UK market.
In addition to these acquisitions, the company reported a rise in EBITDA to £10m, from £9.4m the previous year, and a reduction in net debt, following cost-cutting measures and the relaunch of its Growth Strategy in June 2024.
Since mid-March 2025, Gear4Music has seen a return to double-digit sales growth, with increasing sales momentum and improving gross margins. The company is optimistic about its performance for the year ending 31 March 2026, with expectations now higher due to the positive impact of its revised strategy and the enhanced competitive landscape following the competitor failures.
The company operates from its head office in York, with distribution centres across Europe and showrooms in the UK, Sweden, and Germany.
