diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 3696b79..9d2b7ed 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -2,7 +2,7 @@
 
 repos:
   - repo: https://github.com/pre-commit/pre-commit-hooks
-    rev: v4.4.0
+    rev: v4.5.0
     hooks:
       - id: trailing-whitespace
       - id: end-of-file-fixer
@@ -10,14 +10,14 @@ repos:
       - id: fix-encoding-pragma
 
   - repo: https://github.com/commitizen-tools/commitizen
-    rev: 3.5.3
+    rev: v3.20.0
     hooks:
       - id: commitizen
         stages:
           - commit-msg
 
   - repo: https://github.com/mpalmer/action-validator
-    rev: v0.5.3
+    rev: v0.6.0
     hooks:
       - id: action-validator
         stages:
diff --git a/README.md b/README.md
index 77bdb4a..71e3549 100644
--- a/README.md
+++ b/README.md
@@ -21,7 +21,7 @@ This repository is a collection of reusable GitHub Actions workflows and composi
 Learn more about:
 
 - [Reusing Workflows](https://docs.github.com/en/actions/using-workflows/reusing-workflows)
-- [Creating Composite Actions](https://docs.github.com/en/actions/creating-actions/creating-a-composite-action) 
+- [Creating Composite Actions](https://docs.github.com/en/actions/creating-actions/creating-a-composite-action)
 
 <br>
 
@@ -119,7 +119,7 @@ jobs:
 
 <br>
 
-#### `create-release.yml:` 
+#### `create-release.yml:`
 
 This workflow uses [google-github-actions/release-please-action](https://github.com/google-github-actions/release-please-action) to create automated releases based on [conventional commits](https://www.conventionalcommits.org/en/v1.0.0/).
 
@@ -347,7 +347,7 @@ Composite Actions are a powerful feature of GitHub Actions that allow you to cre
 
 #### `composer/install:`
 
-This action installs dependencies with Composer based on the specified dependency level (`lowest`, `locked`, `highest`). It's designed to be flexible, allowing you to specify the working directory for the Composer command. 
+This action installs dependencies with Composer based on the specified dependency level (`lowest`, `locked`, `highest`). It's designed to be flexible, allowing you to specify the working directory for the Composer command.
 
 Here is an example of how to use this action in your existing workfow:
 
@@ -454,6 +454,38 @@ jobs:
 
 <br>
 
+#### `phive/install:`
+
+This action installs dependencies with [Phive](https://github.com/phar-io/phive), the [Phar Installer](https://phar.io), based on the specified `PHIVE_HOME` directory and a list of trusted `GPG keys`. It's designed to be flexible, allowing you to specify the `PHIVE_HOME directory` and the `GPG keys` to trust for the installation process.
+
+Here is an example of how to use this action in your existing workflow:
+
+```yaml
+---
+
+on:
+  push:
+    branches:
+      - master
+  pull_request:
+
+name: 📥 Phive Install
+
+jobs:
+  phive-install:
+    runs-on: ubuntu-latest
+
+    steps:
+      - name: 📦 Check out the codebase
+        uses: actions/checkout@v4
+
+      - name: 📥 Install dependencies with Phive
+        uses: wayofdev/gh-actions/actions/phive/install@master
+        with:
+          phive-home: '.build/phive'
+          trust-gpg-keys: '0x033E5F8D801A2F8D'
+```
+
 ## 🤝 License
 
 [![Licence](https://img.shields.io/github/license/wayofdev/gh-actions?style=for-the-badge&color=blue)](./LICENSE)
diff --git a/actions/phive/install/action.yml b/actions/phive/install/action.yml
new file mode 100644
index 0000000..45d964e
--- /dev/null
+++ b/actions/phive/install/action.yml
@@ -0,0 +1,41 @@
+# Documentation References:
+# - Creating a Composite Action: https://docs.github.com/en/actions/creating-actions/creating-a-composite-action
+# - Metadata Syntax for Inputs: https://docs.github.com/en/actions/creating-actions/metadata-syntax-for-github-actions#inputs
+# - Runs for Composite Actions: https://docs.github.com/en/actions/creating-actions/metadata-syntax-for-github-actions#runs-for-composite-run-steps-actions
+# - Phar documentation: https://phar.io
+# - Other Implementations: https://github.com/ergebnis/.github/blob/main/actions
+
+name: 📥 Phive install
+
+description: Installs dependencies with phive
+
+inputs:
+  phive-home:
+    default: '.build/phive'
+    description: 'Which directory to use as PHIVE_HOME directory'
+    required: false
+  trust-gpg-keys:
+    default: ''
+    description: 'A comma-separated list of trusted GPG keys'
+    required: true
+
+runs:
+  using: 'composite'
+
+  steps:
+    - name: 🗂️ Create phive home directory
+      run: mkdir -p ${{ inputs.phive-home }}
+      shell: bash
+
+    - name: ♻️ Cache dependencies installed with phive
+      uses: actions/cache@v4.0.2
+      with:
+        path: ${{ inputs.phive-home }}
+        key: phive-hashFiles('**/phars.xml')
+        restore-keys: phive-
+
+    - name: ⚙️ Install dependencies with phive
+      env:
+        PHIVE_HOME: ${{ inputs.phive-home }}
+      run: phive install --trust-gpg-keys ${{ inputs.trust-gpg-keys }}
+      shell: bash