Overview

* Patria Q3 adjusted EPS of $0.30 beats analyst expectations

* Adjusted net income for Q3 was $46.9 mln, exceeding analyst estimates

* Patria's AUM surpasses $50 bln, marking significant growth since IPO

Outlook

* Patria on track to exceed full-year fundraising target of $6.6 bln

* Company confident in meeting 2025 targets and 2026-2027 objectives

Result Drivers

* AUM GROWTH - Patria's assets under management exceeded $50 bln, more than 3.5x higher than at IPO, driven by strong fundraising

* FUNDRAISING SUCCESS - Raised over $1.5 bln in Q3, contributing to $6 bln year-to-date, on track to exceed full-year target of $6.6 bln

* FRE GROWTH - Fee Related Earnings increased 22% year-over-year to $49.5 mln, driven by strong FRE per share growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.30 $0.25 (3

Adjusted Analysts

EPS )

Q3 Beat $46.90 $39.75

Adjusted mln mln (1

Net Analyst)

Income

Q3 $0.15

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "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 $15.50, about 5.9% above its November 3 closing price of $14.58

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

Press Release:

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(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.)