|
Public Policy Holding Co Inc on Wednesday said it remains on track to meet 2025 market expectations as it posted an increase in adjusted earnings amid revenue growth. The Washington, DC-based group of advisory firms specialising in government affairs and public relations said net loss before income tax widened to $12.3 million in the first half of 2025 from $6.9 million a year ago. Revenue grew 24% to $87.9 million from $71.1 million. Cost of services increased 23% to $76.0 million from $61.7 million. Total operating costs were 23% higher at $98.7 million from $80.0 million. Pertinently, adjusted earnings before interest, tax, depreciation and amortisation rose 14% to $21.4 million from $18.8 million. The adjusted Ebitda margin however was 24.4%, down from 26.4%. Notably, the company had a gain on bargain purchase of $2.5 million in the first half of 2024, which did not repeat in the first half of 2025. Dividends for the first half of 2025 amounted to 5 US cents per share, compared to 10c a year ago. This is in line with the company’s intention which it had announced in January, to reduce the dividend to better align with its long-term growth strategy. The firm said it had ‘strong’ confidence in its outlook. Chief Executive Officer Stewart Hall said: ‘We have made continued progress in H1 2025, with significantly higher organic revenue growth of 8% and earnings accretive acquisitions delivering a strong financial performance. As anticipated, we have seen increased demand for our services following the conclusion of 2024 US elections, in particular in Corporate Communications and Public Affairs, with our teams delivering critical work for our clients across multiple geographies.’ He added: ‘Following recent acquisitions, PPHC is now firmly established as a leading global strategic communications company and we are well placed to deliver continued growth in line with our stated strategy. With strong momentum across all of our service lines and a robust pipeline of potential acquisition opportunities, we are confident in our outlook and ability to continue delivering meaningful returns to our shareholders.’ Public Policy on September 29 will hold a special meeting on its planned listing on the Global Market of the Nasdaq Stock Market LLC. Public Policy shares rose 6.3% to 185.00 pence each on Wednesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
