Patria Investments Limited (PAX)

Patria Investments Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	397.39	374.2	327.62	258.88	235.52	115.02
Revenue Growth (YoY)	26.48%	14.22%	26.55%	9.92%	104.77%	-6.65%
Cost of Revenue	147.87	140.01	124.75	103.86	79.84	24.87
Gross Profit	249.52	234.19	202.87	155.01	155.67	90.14
Selling, General & Admin	48.96	45.58	38.38	30.47	13.99	14.38
Other Operating Expenses	1.06	1.1	0.78	0.69	0.34	2.55
Operating Expenses	87.46	77.41	61.53	48.53	21.31	22.94
Operating Income	162.06	156.78	141.34	106.48	134.37	67.21
Interest Expense	-15.2	-11.4	-1.24	-1.81	-1.02	-0.87
Earnings From Equity Investments	-0.42	-0.51	-0.75	-2.35	-	-
Currency Exchange Gain (Loss)	3	2.58	0.22	-1.35	0.6	0.5
Other Non Operating Income (Expenses)	10.3	4.83	-17.46	-13.35	-4.14	-2.27
EBT Excluding Unusual Items	159.74	152.28	122.1	87.63	129.81	64.57
Merger & Restructuring Charges	-25.7	-26.81	-13.97	-6.36	-8.55	-
Gain (Loss) on Sale of Investments	-16.46	-14.2	1.23	9.59	0.58	0.28
Other Unusual Items	-25.28	-25.28	8.63	11.59	-0.26	0.13
Pretax Income	92.31	85.99	118	102.45	121.57	64.98
Income Tax Expense	4.33	10.31	-2.82	8.35	0.38	3.14
Earnings From Continuing Operations	87.98	75.69	120.82	94.1	121.19	61.84
Minority Interest in Earnings	-3.74	-3.81	-2.42	-1.15	1.29	0.37
Net Income	84.24	71.88	118.4	92.96	122.48	62.21
Net Income to Common	84.24	71.88	118.4	92.96	122.48	62.21
Net Income Growth	3.21%	-39.30%	27.37%	-24.10%	96.88%	6.27%
Shares Outstanding (Basic)	157	153	148	147	136	117
Shares Outstanding (Diluted)	158	154	149	147	136	117
Shares Change (YoY)	4.77%	3.53%	0.99%	8.27%	16.23%	-
EPS (Basic)	0.54	0.47	0.80	0.63	0.90	0.53
EPS (Diluted)	0.53	0.47	0.80	0.63	0.90	0.53
EPS Growth	-1.48%	-41.36%	26.13%	-29.90%	69.39%	6.27%
Free Cash Flow	264.61	142.34	150.86	75.61	106.01	52.53
Free Cash Flow Per Share	1.68	0.93	1.01	0.51	0.78	0.45
Dividend Per Share	0.602	0.874	0.984	0.702	0.625	0.400
Dividend Growth	-41.16%	-11.18%	40.17%	12.37%	56.17%	56.01%
Gross Margin	62.79%	62.58%	61.92%	59.88%	66.10%	78.38%
Operating Margin	40.78%	41.90%	43.14%	41.13%	57.05%	58.43%
Profit Margin	21.20%	19.21%	36.14%	35.91%	52.00%	54.09%
Free Cash Flow Margin	66.59%	38.04%	46.05%	29.21%	45.01%	45.67%
EBITDA	199.63	187.83	164.64	124.87	141.76	73.79
EBITDA Margin	50.23%	50.20%	50.26%	48.24%	60.19%	64.15%
D&A For EBITDA	37.57	31.05	23.31	18.39	7.39	6.58
EBIT	162.06	156.78	141.34	106.48	134.37	67.21
EBIT Margin	40.78%	41.90%	43.14%	41.13%	57.05%	58.43%
Effective Tax Rate	4.69%	11.98%	-	8.15%	0.31%	4.83%

Updated Aug 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q