Month: March 2026

PPHC Announces Unaudited Q4 and 2025 Earnings

Posted on by bdadmin

Yesterday, PPHC published its results for the first time as a Nasdaq-listed company. You can read the full release and watch the Earnings Call recording over at the investor section of our website.

Public Policy Holding Company, Inc. Announces Full Year 2025 Financial Results

Revenue Growth Driving Group to Record EBITDA                

  • Revenue of $186.5 million with organic revenue growth of 6.2%
  • Record Adjusted EBITDA of $45.4 million, up 17.7% year over year, achieved at a margin of 24.3%
  • Successfully completed our $45.8 million IPO in the US and dual-listing on Nasdaq in January 2026
  • Net Debt of $26.6 million has reverted to a Net Cash position in 2026
  • Completed two acquisitions in 2025, further expanding PPHC’s capabilities and geographic reach

Washington, DC – March 23, 2026 – Public Policy Holding Company, Inc. (“PPHC,” “Company,” “Group”) (Nasdaq: PPHC and AIM: PPHC.L), a leading global strategic communications provider offering a comprehensive range of advisory services in the areas of Government Relations, Corporate Communications, and Public Affairs, today reported unaudited financial results for the year ended December 31, 2025 (“FY 2025”).

Q4 2025 Financial Highlights

  • Q4 revenue increased 27.8% over the prior period to $49.9 million, with organic growth contributing 5.4%.
  • GAAP Net Loss of $(15.2) million compared to $(6.7) million in Q4 2024.
  • Adjusted EBITDA of $12.4 million, up 27.1% over the prior period, achieved at a 24.9% margin.
  • Adjusted Net Income of $11.3 million was up 66.1%.
    • GAAP Basic and diluted loss per share of $(0.86) compared to $(0.46) in Q4 2024.
  • Adjusted fully diluted EPS of $0.42 was up $0.15 or 58.0%.

FY 2025 Financial Highlights

  • FY revenue increased 24.7% to $186.5 million, with organic growth contributing 6.2%.
    • GAAP Net Loss of $(39.0) million compared to $(24.0) in 2024.
    • Adjusted EBITDA of $45.4 million, up 17.7%, and achieved at a 24.3% margin.
    • Adjusted Net Income of $36.6 million was up 32.1%.
    • GAAP Basic and diluted loss per share of $(2.37) compared to $(2.34) in 2024.
    • Adjusted fully diluted EPS of $1.39 was up $0.27 or 24.7%.
      • GAAP Net Cash Provided by Operations of $24.8 million compared to $16.4 million in 2024.
    • Adjusted Free Cash Flow of $36.9 million (2024: $22.2 million).
    • Final dividend of $0.240 per Common Outstanding Share; total dividend for FY 2025 $0.355 per share.

Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA Incl. M&A expense, Adjusted net income, Adjusted EPS, fully diluted, Organic Revenue Growth, Adjusted Free Cash Flow, are non-GAAP financial measures, as defined and reconciled below.

Stewart Hall, CEO of PPHC, commented:

“The Company’s performance in 2025 was strong, with a marked uptick in organic growth supplemented by our well-established M&A program. We have built a diversified platform of high quality businesses that operate across the political spectrum, giving us broad-based resilience and the ability to drive organic revenue growth and achieve attractive margins in a volatile operating landscape.

In 2025, our M&A program continued at pace: we acquired firms that broaden our service offerings and extend our global reach, in line with our strategy. We expect further strategic progress in 2026, supported by a strong and recently enhanced balance sheet following our US IPO.

We continue to operate in a fast-moving and complex policy landscape, meaning our clients – including nearly half of the Fortune 100 – require increasing levels of support and continue to turn to PPHC as partner of choice. The tailwinds driving organic growth are set to continue, positioning us well for the balance of the fiscal year and reinforcing our longer-term outlook. “

PPHC Appoints Chief Administrative Officer

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Public Policy Holding Company, Inc., (Nasdaq: PPHC) (AIM: PPHC), a leading global strategic communications provider, offering a comprehensive range of advisory services in the areas of government relations, public affairs, and corporate communications, announces the appointment of Matthew Mazzanti as Chief Administrative Officer (“CAO”), effective 20 March 2026.  

Matthew is promoted from his current position, where he has led the Group’s corporate communications and investor relations functions and supported corporate development activities. He has played a central role in a broad range of PPHC initiatives, including providing support to the senior leadership team and member firm leadership.

As CAO, Matthew will continue to report directly to Stewart Hall, Chief Executive Officer. He will maintain his existing responsibilities while taking on broader responsibility for supporting the execution of the Company’s strategic priorities, strengthening coordination throughout the holding company, and driving operational efficiency across the platform.

Matthew joined Crossroads Strategies, one of the Group’s founding member firms, seven years ago before progressing to a cross-functional position with PPHC. He was involved in the Company’s AIM IPO in 2021 and played a key role in the recent listing on the Nasdaq Global Market.

The position of Chief Administrative Officer has been vacant since the retirement of Bill Chess in July 2024.

Stewart Hall, CEO of PPHC, commented:

“As PPHC continues to expand globally and enhance its suite of services and portfolio companies, the CAO position is increasingly important for the Company. Matthew has played critical roles going back to our AIM listing over four years ago in investor relations, intercompany relations, talent management, M&A, and business development. His knowledge of each of our member companies, their services and people is unmatched, and I am pleased to elevate him to the position with the Board’s approval. Filling the CAO position will allow us to continue to drive intercompany synergies and support our number one asset – our talented and skilled practitioners across the globe.”

Lucas Public Affairs Celebrates 20 Years of Helping Clients Win

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SACRAMENTO, CA — Lucas Public Affairs (LPA), a leading California public affairs firm, this week celebrates its 20th anniversary, marking two decades of guiding high-stakes campaigns, advancing public policy initiatives and delivering strategic counsel – and wins – to clients throughout the state.

Founded in 2006 by Chief Executive Officer Donna Lucas, the Sacramento-based, women-led firm has grown into one of California’s most respected public affairs practices, advising a wide array of corporate, nonprofit, and public entity clients, including climate, energy, insurance, education, tourism, transportation, state and local government and nonprofit organizations.

Led by Lucas and President Cassandra Pye, veterans of gubernatorial administrations and long-time leaders in Capitol politics and policy, LPA has built a talented team respected for top-tier strategy, bipartisan credibility and deep relationships across California’s political and legislative landscape.

“The fact that we’re celebrating 20 years is more than a reflection of our work, it’s emblematic of our relationships with clients, colleagues and partners who have supported us along the way,” said Lucas. “We’ve had the opportunity to work on consequential issues that have made our state stronger and bolstered its success, and I’m deeply grateful to all those who have worked with us and trusted us to help them succeed.”

Read the full press release from LPA.

PPHC Expands Strategic Advisory Platform with Appointment of TrailRunner Sports President

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WASHINGTON, Mar. 18, 2026 (GLOBE NEWSWIRE) — Public Policy Holding Company, Inc. (“PPHC” or “the Company”) (Nasdaq: PPHC), a leading global provider of strategic communications services, today announced that TrailRunner International (“TrailRunner”), one of the Company’s member firms, has named Alden Mitchell as President of TrailRunner Sports, its global sports advisory business.

The appointment reflects PPHC’s continued investment in high-value growth areas across its platform. As the global sports industry grows in scale and institutional complexity, leagues, teams, ownership groups, universities, and brands increasingly require the same strategic communications and advisory capabilities that PPHC’s member firms deliver across corporate reputation, financial communications, crisis, and strategic advisory services.

TrailRunner Sports was established in 2023 to meet this demand. Since launch, the business has built a client roster spanning major professional teams in the United States and abroad, sports teams, universities, collegiate conferences, and brands. A joint venture with Legends, the global premium experiences company, TrailRunner Sports advises on crisis and reputation management, league expansions, media rights negotiations, litigation communications, and other significant transactions. The appointment of a dedicated President signals the next phase of investment in the platform as client demand continues to grow.

Mitchell joins from Stanford Athletics, where she served as Chief Operating Officer and Interim Athletics Director, overseeing capital projects, external relations, facilities and operations, finance, human resources, and revenue-generating initiatives. As Interim Athletics Director, she led the organization through a period of competitive and commercial success while driving fundraising growth, strengthening partnerships, and enhancing financial discipline.

Previously, Mitchell led Uber’s Consumer Business Development team from 2021 to 2024, spearheading strategic partnerships with the NFL, Live Nation, Marriott, Instacart, and others. Earlier in her career, she served as Senior Vice President of Distribution at the Pac-12 Networks and as Head of Global Partnerships and Content Strategy at Crunchyroll, the global anime streaming platform. She brings more than two decades of senior leadership experience across sports, media, and technology.

Mitchell joins a strong and growing team of sports leaders at TrailRunner, including Jamie Zaninovich, who will serve as Vice Chair of TrailRunner Sports, partnering closely with Mitchell. Mitchell will report directly to Jim Wilkinson, Founder and Executive Chairman of TrailRunner International.

Zaninovich, who has helped launch TrailRunner’s sports business and brings three decades of experience across collegiate athletics and conference leadership, will focus on strategy and business development in his role as Vice Chair of TrailRunner Sports. He will continue to advise select clients and focus on strategic growth initiatives in partnership with Mitchell.

Stewart Hall, Chief Executive Officer of PPHC, commented:

“This is another strong example of PPHC investing behind differentiated leadership and high-value growth opportunities across our platform. TrailRunner has added important strategic and financial communications capabilities to the Group, and TrailRunner Sports extends that model into one of the most dynamic and increasingly institutionalized sectors of the global economy. Alden’s appointment strengthens an already promising business and positions it for continued growth.”

Jim Wilkinson, Founder and Executive Chairman of TrailRunner International, commented:

“The business of sports is more exciting, complex, and consequential than ever before. Alden is exactly the kind of leader we need to take this rapidly growing platform to the next level. Sports is now a major global asset class. Ownership is shifting, capital is pouring in, college athletics is being remade, women’s sports is accelerating, and media and technology are changing the way fans connect to the games they love. Alden has the experience, passion, and competitive drive to capitalize on these tremendous opportunities and help our clients win.”

Alden Mitchell commented:

“TrailRunner has built something special — a team that understands both the business and the heartbeat of sports and is determined to go above and beyond for clients and each other. The sports landscape is evolving rapidly, and the opportunity to scale a best-in-class advisory business that delivers measurable impact for clients around the world is incredibly energizing. I can’t wait to partner with Jamie and this outstanding team and get to work.”

City & State Highlights MultiState’s Denisse Girón in the 2026 Albany 40 Under 40

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Denisse Girón, Assistant Vice President at PPHC firm MultiState, has been highlighted by City & State in the organization’s annual Albany 40 Under 40 list.

The Albany 40 Under 40 list recognizes 40 individuals under the age of 40 who are rising stars in state politics and government. City & State receives hundreds of nominations for this prestigious list, and only a select few make the cut.

Denisse Girón was first introduced to local politics by her mother who helped plan an annual Central American parade on Long Island.

Girón and her family, who emigrated from Costa Rica, attended public hearings to secure funding and met Nassau County elected officials and took photos with them at the parade every year.

“It was really important for my mom to teach us about our culture,” Girón says. “Being a young Latino on Long Island, it’s hard to stay away from politics.”

Girón attended Hofstra University, where she saw Barack Obama, Mitt Romney, Donald Trump and Hillary Rodham Clinton at two presidential debates on campus. But her interest in politics grew out of her volunteer work with Planned Parenthood and a fellowship at Make the Road New York.

Read Girón’s full profile from City & State.