Gear4music (G4M) has delivered a strong H1 profit performance, with an EBITDA increase of £4.0m (+139%) to £6.9m from a revenue increase of 31%. The group benefitted from the implementation of its growth strategy, a more benign pricing environment following wider market consolidation, and opportunistic asset acquisitions. The latter primarily involved inventory at favourable prices, which contributed to the expansion of product gross margin. Combined with continued strong trading, the group now expects FY26E EBITDA of ‘not less than £15.0m’.