Overview

* Patria Q2 Fee Related Earnings (FRE) grows 17% yr/yr to $46 mln

* Distributable Earnings were $38.8 mln, or $0.24 per share

* Co announces share repurchase program for up to 3 mln Class A shares

* Patria confident in meeting 2025 FRE target despite global economic concerns

Outlook

* Patria expects full-year fundraising to exceed initial $6 bln target by 5%-10%

* Company targets $200-$225 mln in FRE for 2025

* Patria cites looming trade war as potential headwind

* Company confident in meeting three-year targets set in December

Result Drivers

* FUNDRAISING MOMENTUM - Patria raised $1.3 bln in Q2, boosting total fundraising to $4.5 bln for H1 2025

* ORGANIC GROWTH - Co reports over $600 mln in organic net inflows, with annualized growth rate exceeding 8%

* PLATFORM DIVERSIFICATION - Diversified platform contributing to profitable growth and confidence in meeting FRE targets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Distr Miss $0.24 $0.28 (3

ibutable Analysts

EPS )

Q2 $38.80

Adjusted mln

Net

Income

Q2 $0.15

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Patria Investments Ltd ( PAX ) is $15.00, about 7% above its July 31 closing price of $13.95

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)