Patria Investments reports Q2 EPS 24c, consensus 28c

Alex Saigh, Patria’s CEO, said: “In 2Q we made continued progress in leveraging and expanding the diversified platform we’ve built the past several years as fundraising was a solid $1.3B in the quarter, bringing our total fundraising over the first half of 2025 to ~$4.5B. Reflecting our strong fundraising momentum and confidence in our outlook, we now expect full-year fundraising to be 5%-10% higher than our initial $6B target. We also reported Q2 FRE of $46M, or 29c per share, representing year-over-year growth of 17% and 11%, respectively. Also, FEAUM grew 6% sequentially and 20% year-over-year, and we generated over $600M of organic net inflows. Over the first half of 2025 our annualized organic growth rate exceeded 8%.”