The earnings call reflected a strong performance in fundraising and fee-related earnings, with significant growth in AUM and successful M&A activities. Despite challenges such as the lack of performance-related earnings in the quarter and potential impacts of U.S. tariffs, the company maintains a positive outlook with increased fundraising targets and strong market positioning.

Company Guidance

During the second quarter of 2025, Patria demonstrated solid financial performance and guidance, highlighted by substantial fundraising achievements and positive growth metrics. The company raised a total of $1.3 billion in the quarter, contributing to a first-half fundraising total of approximately $4.5 billion, which is 75% of their original $6 billion target for the year. As a result, Patria has raised its full-year fundraising guidance for 2025 by 5% to 10%, targeting between $6.3 billion and $6.6 billion. Fee-related earnings for the second quarter reached $46.1 million, marking an 8% sequential increase and a 17% year-over-year growth. Total assets under management (AUM) grew to $48.7 billion, with fee-earning AUM increasing by 6% sequentially and 20% year-over-year. The company also noted over $600 million in organic net inflows into fee-earning AUM for the quarter, with an annualized organic growth rate of about 8% since the start of the year. Patria maintained its guidance for fee-related earnings for the full year, with targets set between $200 million and $225 million, reflecting approximately 20% year-over-year growth at the midpoint of the range. Distributable earnings for the second quarter were $39 million, up 4% sequentially and 9% year-over-year. The company also highlighted progress in diversifying its investment platform, with notable growth in infrastructure and credit, and acquisitions such as Brazilian REITs enhancing its fee-earning AUM by approximately $600 million.

Strong Fundraising Performance

Patria reported solid fundraising of $1.3 billion in the second quarter, with total fundraising for the first half of the year reaching $4.5 billion, which is 75% of the original $6 billion target for 2025. The company raised its full-year fundraising target to $6.3 billion to $6.6 billion, 5% to 10% higher than the initial target.

Growth in Fee-Related Earnings

Second quarter fee-related earnings were $46.1 million, representing 8% sequential and 17% year-over-year growth. Fee-earning AUM grew 6% sequentially and 20% year-over-year, reaching $48.7 billion.

Successful M&A Activity

Patria completed acquisitions of Brazilian REITs, adding approximately $600 million of high-margin permanent capital fee-earning AUM. The acquisitions were seen as an attractive alternative to fundraising.

Robust Private Equity and Infrastructure Performance

EBITDA at nonpublic private equity portfolio companies rose approximately 25% in local currency over the past year. Infrastructure Fund V reached $2.5 billion of commitments, highlighting strong demand.

Patria Investments (PAX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PAX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.29 / -	0.23	―	―	―
Aug 01, 2025	2025 (Q2)	0.28 / 0.24	0.22	9.09% (+0.02)
May 02, 2025	2025 (Q1)	0.25 / 0.23	0.21	9.52% (+0.02)
Feb 12, 2025	2024 (Q4)	0.35 / 0.58	0.47	23.40% (+0.11)
Nov 05, 2024	2024 (Q3)	0.24 / 0.23	0.23	0.00% (0.00)
Aug 01, 2024	2024 (Q2)	0.22 / 0.22	0.3	-26.67% (-0.08)
May 02, 2024	2024 (Q1)	0.30 / 0.21	0.27	-22.22% (-0.06)
Feb 15, 2024	2023 (Q4)	0.33 / 0.47	0.36	30.56% (+0.11)
Nov 07, 2023	2023 (Q3)	0.30 / 0.23	0.2	15.00% (+0.03)
Aug 03, 2023	2023 (Q2)	0.28 / 0.30	0.2	50.00% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PAX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$13.80	$13.19	-4.42%
May 02, 2025	$10.44	$10.31	-1.25%
Feb 12, 2025	$11.57	$12.05	+4.15%
Nov 05, 2024	$11.29	$11.29	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Patria Investments (PAX) report earnings?

Patria Investments (PAX) is schdueled to report earning on Nov 11, 2025, After Close (Confirmed).

What is Patria Investments (PAX) earnings time?

Patria Investments (PAX) earnings time is at Nov 11, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PAX EPS forecast?

PAX EPS forecast for the fiscal quarter 2025 (Q3) is 0.29.

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