Public Policy Holding Company, Inc. Announces Q3 2026 Financial Results
Key Highlights
- ➤Q3 revenue $55.2 million, up 13.2% year over year
- ➤9M revenue $157.5 million, up 15.2%, with 4.7% organic growth
- ➤Q3 adjusted EBITDA $12.8 million, up 11.1%, at 23.2% margin
- ➤FY2026 guidance reaffirmed: revenue $213-$216 million, adjusted EBITDA $48.5-$50.5 million
- ➤Net debt fell to $21.4 million from $38.5 million year over year
Expert Statements
Stewart Hall, CEO of PPHC
“PPHC delivered another strong quarter, with revenue increasing 13.2% and organic growth accelerating to 5.1%. Our Government Relations businesses performed particularly well, delivering double-digit revenue growth, substantial profit growth and robust margins. This performance demonstrates the strength of our underlying businesses and their ability to convert growing client demand into higher earnings.”
Stewart Hall, CEO of PPHC
“The performance reflects the benefits of our diversified platform, with particularly strong results in Government Relations, alongside continued execution of our growth strategy. During the quarter, we expanded our capabilities and geographic reach through the acquisitions of Tancredi and The Advocacy Partners, and we continued that strategic expansion following the period end with the acquisition of Reevemark.”
Stewart Hall, CEO of PPHC
“With a broad and diversified client base, lower year-on-year net debt and additional financial capacity, we remain focused on delivering consistent organic growth while selectively pursuing opportunities to strengthen the platform and create long-term value for shareholders.”
Roel Smits, CFO of PPHC
“PPHC's nine-month performance reflects continued revenue growth, Adjusted EBITDA growth with margins stabilized and aligned with our prior guidance. We continue to manage the business back towards our 25% Adjusted EBITDA margin target as recently acquired businesses scale and as we absorb the first full year of U.S. public company costs. Alongside a focus on profitability, we also remain focused on investment in future growth as evidenced by the acquisition activity in Q3 and early Q4.”
Roel Smits, CFO of PPHC
“With a strong balance sheet, and recently expanded debt facilities as announced on November 2, 2026, agreed with our partner Bank of America, recurring client relationships and a robust acquisition pipeline in North America, UK, and mainland Europe, we believe PPHC is well positioned to continue creating value for shareholders.”
Continued Organic Growth and Expansion Through M&A; 2026 Guidance Reaffirmed * Nine-Month 2026 YoY revenue growth of 15.2% with organic revenue growth of 4.7% * Completed two acquisitions during the quarter, with one more acquisition concluding post-period * Net Debt as of September 30, 2026 of $21.4 million; post-period announced expansion of credit facility * Full Year 2026 guidance reaffirmed WASHINGTON, DC, Nov. 09, 2026 (GLOBE NEWSWIRE) -- 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 quarter ended September 30, 2026 ("Q3 2026") and for the nine months ended September 30, 2026 ("9M 2026").
Q3 2026 Financial Highlights * Revenue increased 13.2% over Q3 2025 to $55.2 million * Organic revenue growth of 5.1% over Q3 2025 * GAAP net income of $0.2 million, an improvement compared to the net loss of $7.4 million in Q3 2025, resulting from a $9.8 million non-cash bargain purchase gain on this quarter's acquisitions * Adjusted EBITDA of $12.8 million, up 11.1% over Q3 2025, achieved at a 23.2% margin, reflecting incremental public company costs incurred following January 2026 U.S. IPO, and, to a lesser extent, a shift in business mix * Adjusted Net Income of $10.7 million, up 8.7% over Q3 2025 * GAAP basic and diluted loss per share of $0.01, an improvement as compared to a loss of $0.45 per share in Q3 2025. GAAP net income is resulting in a GAAP net loss per share as a result of application of the two-class method, whereby the dividend declared on non-vested shares exceeded net income. * Adjusted EPS, fully diluted of $0.33 compared to $0.36 in Q3 2025, reflecting the higher share count following January 2026 U.S. IPO 9M 2026 Financial Highlights * Revenue increased 15.2% over 9M 2025 to $157.5 million * Organic Revenue growth of 4.7% over 9M 2025 * GAAP Net Loss of $15.0 million compared to $23.8 million in 9M 2025 * Adjusted EBITDA of $36.2 million, up 9.9% over 9M 2025, achieved at a 23.0% margin * Adjusted Net Income of $28.6 million, up 12.8% over 9M 2025 * GAAP Basic and diluted loss per share of $0.68 an improvement as compared to a loss of $1.51 per share in 9M 2025 * Adjusted EPS, fully diluted of $0.92 compared to $0.97 in 9M 2025, reflecting the higher share count following the January 2026 U.S. IPO * Debt position of $39.8 million offset by cash of $18.4 million, resulted in a Net Debt position of $21.4 million compared to $38.5 million on September 30, 2025, due to proceeds of 2026 U.S. IPO and continued repayment of debt balances. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA Incl. M&A expense, Adjusted net income, Adjusted EPS, fully diluted, Organic Revenue Growth and Adjusted Free Cash Flow, are non-GAAP financial measures, as defined and reconciled to the nearest related GAAP measure below.
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