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Patria Investments (PAX) investor relations material
Patria Investments Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Assets under management (AUM) surpassed $51.2 billion, more than 3.5x the level at IPO in 2021, reflecting strong organic and inorganic growth and client trust.
Organic fundraising reached over $1.5 billion in Q3 and $6 billion year-to-date, on track to exceed the $6.6 billion full-year target.
Distributable Earnings for Q3 were $46.9 million ($0.30/share), up 22% sequentially and 31% year-over-year.
Financial highlights
Fee-earning AUM grew to $38.8 billion, up 14% year-over-year, with FRE of $49.5 million and a margin of 58.5%.
IFRS Net Income attributable was $22.5 million for Q3.
Management fees were $87.0 million, up 12% year-over-year.
Total revenue in Q3 reached $84.6 million, up 11% year-over-year.
Net debt at quarter-end was $108 million.
Outlook and guidance
Confident in exceeding the $6.6 billion fundraising target for 2025; targeting $21 billion in fundraising from 2025-2027.
2025 FRE expected to be slightly above the lower end of the $200-$225 million range; 2026 FRE guidance set at $225-$245 million, and 2027 at $260-$290 million.
Performance-related earnings (PRE) target of $120-$140 million from Q4 2024 to end of 2027, with $42 million already realized.
Annual dividend of $0.60/share for 2025 and $0.65/share for 2026 approved.
Rationale for 1.5M share TRS?
Impact of reduced portfolio valuations on fees?
How do efficiency initiatives offset growth costs?
Primary driver of FRE per share growth?
Future AUM growth strategy
Key sectors for Latin America growth?
Prioritize M&A asset classes and geographies
Deployment strategy for $3.2B pending AUM
Omnia data center platform's AUM growth potential
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Next Patria Investments earnings date
Q4 202513 Feb, 2026
Next Patria Investments earnings date
Q4 202513 Feb, 2026
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Frequently asked questions
Patria Investments Limited is a Cayman Islands-based investment firm specializing in alternative asset management across Latin America. The company provides investment solutions in private equity, infrastructure, real estate, credit, and publicly listed equities. Patria serves institutional investors, including pension funds, insurance companies, and sovereign wealth funds, offering expertise in sourcing, structuring, and managing investments. The company is headquartered in George Town, Cayman Islands, and its shares are listed on the NASDAQ.
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