PAX · Patria Investments Limited

Patria Investments reported a strong first quarter in 2026, driven by continued fundraising momentum and growth in Fee-Earning AUM. Fee Related Earnings (FRE) increased 19% year-over-year to $50.5 million, reflecting higher management fees from the expanded asset base. The FRE margin of 54.6% indicates efficient cost management. Distributable Earnings of $42.4 million, or $0.27 per share, provide a clear picture of cash generation available for dividends. The company raised $2.1 billion in the quarter, contributing to Fee-Earning AUM of nearly $46 billion. IFRS net income was $2.3 million, which includes non-cash items and acquisition-related adjustments. Management expressed confidence in achieving full-year objectives, citing a strengthened balance sheet following an inaugural bond issuance and a diversified, long-duration asset base. The declared quarterly dividend of $0.1625 per share reflects a commitment to returning capital to shareholders.