Business
Final Results
Final Results.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n\n\n \n24 June 2025\n \nGear4music (Holdings) plc\nAudited results for the year ended 31 March 2025\n\"Revenue and profit growth, continued net debt reduction, and a strengthening trajectory in FY26 to date\"\nGear4music (Holdings) plc, (\"Gear4music\" or \"the Group\") (LSE: G4M), the largest UK based online retailer of musical instruments and music equipment, today announces its financial results for the year ended 31 March 2025.\nFY25 Highlights:\n \n\n\n\n\n£m\n\n\nYear ended 31 March 2025\n(\"FY25\")\n\n\nYear ended 31 March 2024\n(\"FY24\")\n\n\nChange on FY24\n\n\n\n\nRevenue\n\n\n146.7\n\n\n144.4\n\n\n+2%\n\n\n\n\nGross profit\n\n\n39.7\n\n\n39.4\n\n\n+1%\n\n\n\n\nGross margin\n\n\n27.0%\n\n\n27.3%\n\n\n-30bps\n\n\n\n\nEBITDA\n\n\n10.0\n\n\n9.4\n\n\n+7%\n\n\n\n\nPBT\n\n\n1.6\n\n\n0.6\n\n\n+166%\n\n\n\n\n \n\n\n\n\n· \n\n\nRevenue growth during H2 FY25 was 4%, reflecting early progress of returning to growth in a challenging market\n\n\n\n\n· \n\n\nGross margin remained stable at 27.0% (FY24: 27.3%; FY23: 25.7%)\n\n\n\n\n· \n\n\nEBITDA of £10.0m, an increase of 7% on FY24 (FY24: £9.4m; FY23: £7.4m)\n\n\n\n\n· \n\n\nProfit Before Tax of £1.6m is a £1.0m improvement on FY24 (FY24: £0.6m; FY23: -£0.4m)\n\n\n\n\n· \n\n\nFurther reduction in net debt to £6.4m at the year-end (FY24: £7.3m; FY23: £14.5m)\n\n\n\n\nTrading Outlook and Strategy:\n\n\n\n\n· \n\n\nUK market consolidating following the previously reported failure of two significant competitors\n\n\n\n\n· \n\n\nGrowth strategy evolved to capitalise on emerging opportunities\n\n\n\n\n· \n\n\nDouble digit growth from mid-March 2025 with a strengthening trajectory in FY26 to date\n\n\n\n\n· \n\n\nBoard's expectations for FY26 uplifted accordingly, reflecting the positive trajectory of the last three months*\n\n\n\n\n \nCommenting on the results, Andrew Wass, Executive Chair said:\n\"We are pleased to confirm that our FY25 financial results are in line with the Year-End trading update published on 2 April 2025, with growth in revenue, EBITDA and Profit Before Tax, alongside a further reduction in Net Debt.\nFollowing the implementation of a wide range of cost reduction measures during FY24, and t...