Patria Investments reports Q4 distributable EPS 50c, consensus 45c

CEO Alex Saigh said: “We are very excited to report our 4th quarter results, a capstone to a very successful 2025. Highlights for the quarter and 2025 include organic fundraising of $1.7B in the quarter and a record $7.7B for the year, FEAUM that reached $40.8B, up 24% compared to year-end 2024, and $203M of Fee Related earnings in 2025, a 19% year-over-year increase. In addition, since the end of 3Q25 we’ve announced 3 acquisitions that further expand our capabilities and scale in key assets classes. First, the acquisition of a 51% stake in Solis with $3.5B of FEAUM and which closed on January 2nd, significantly enhances our capabilities in the rapidly growing Private Credit market in Brazil. Second, the acquisition of Brazilian REIT manager RBR, which closed yesterday, will add $1.3B of permanent capital and make us the largest independent manager of listed REITs in Brazil, a market in which scale has significant competitive advantages. Finally, we also announced the pending acquisition of WP Global Partners, a U.S. based Lower-Middle-Market Private Equity Solutions Manager, with $1.8B of FEAUM and which strengthens our capabilities in our GPMS business in the critical U.S. market. Overall, as we enter 2026, the momentum we’ve built in 2025, augmented by our recent announced transactions, means that Patria is in a strong position to achieve, and hopefully exceed, the three-year fundraising and FRE objectives we set for ourselves at our investor day in December 2024.”