Patria Investments reports Q3 distributable EPS 30c, consensus 26c

Reports Q3 AUM over $50B. Q3 net income was $22.5M, Fee Related Earnings were $49.5M, up 22% from $40.6M in Q3 2024, with an FRE margin of 58.5%. Alex Saigh, Patria’s CEO, said: “This quarter we celebrate an important milestone for Patria as our Assets under Management exceeded $50B, over 3.5x higher than our AUM at the time of our IPO in 2021. We could not have achieved this milestone without the hard work and dedication of our team and, most importantly, the trust our clients have placed in us. With over $1.5B raised in Q3 and $6B year to date, our growth momentum continues, and we are well on track to exceed the high-end of our full year fundraising target of $6.6B. Our growth is further illustrated by the $46.9M of Distributable Earnings we generated in Q3, or 30c per share, up a robust 22% sequentially and 31% year over year, driven mainly by very strong FRE per share growth of 8% sequentially and 19% year over year. As we enter Q4, we grow even more confident in our ability to deliver the targets we set for 2025, and our 2026 and 2027 objectives, as we look forward to the continued evolution of our business and our next stage of growth.”