Patria Investments Ltd (BSP:P2AX34)

Q2 2025 Patria Investments Ltd Earnings Call Transcript

Aug 1, 2025 / 01:00 PM GMT

Release Date Price: R$38.04

Transcript

Key Points

Positve

Patria Investments Ltd (PAX) reported strong fundraising of $1.3 billion in Q2 2025, contributing to a total of $4.5 billion for the first half of the year, which is 75% of their original $6 billion target for 2025.
The company expects full-year fundraising for 2025 to exceed initial targets by 5% to 10%, reaching between $6.3 billion and $6.6 billion.
Fee-related earnings grew by 8% sequentially and 17% year over year, with total assets under management (AUM) reaching $48.7 billion.
Patria Investments Ltd (PAX) achieved a 20% year-over-year increase in fee-earning AUM, with a robust 6% sequential growth.
The company has successfully diversified its investment platform, with significant contributions from credits, infrastructure, real estate, and GPMS businesses, enhancing its resilience against macroeconomic uncertainties.

Negative

Patria Investments Ltd (PAX) did not generate performance-related earnings in Q2 2025, which could impact overall profitability.
The company's net accrued performance fee balance was affected by the depreciation of the dollar, which could pose a risk if currency volatility continues.
Despite strong fundraising, the deployment of capital into fee-earning AUM is subject to timing delays, which may affect immediate revenue recognition.
The company faces geopolitical risks, such as potential US tariffs on Brazilian imports, which could impact the Brazilian economy and investor sentiment.
Patria Investments Ltd (PAX) has a relatively high net debt level of approximately $130 million, which could limit financial flexibility if not managed carefully.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PAX.OQ - Patria Investments Ltd
Q2 2025 Patria Investments Ltd Earnings Call
Aug 01, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the Petra.

2nd quarter, 2025 earnings conference call.

At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, please press 11 on your telephone. You will then hear an automated message advising your hand is raised. To start your question, please press 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker for today, Rob Lee, head of shareholder relations. Please go ahead.

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