Gear4music (G4M) delivered a stellar Q3 peak trading performance on the back of sustained revenue momentum despite batting against tougher year-on-year (YOY) comparatives. Group revenue rose 32% to a record £64.6m, with the profit impact magnified by a 90bps increase in gross margin to 29.0%. Having upgraded its minimum FY26 EBITDA expectation to £16.7m in early December on the back of strong trading and record order dispatches for a single day on Cyber Monday, the board now expects FY26 EBITDA of not less than £17.7m, with upgraded expectations also for FY27 and FY28.