Patria Investments Limited (PAX)

Patria Investments Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	328.72	327.62	258.88	235.52	115.02	123.22
Revenue Growth (YoY)	7.39%	26.55%	9.92%	104.77%	-6.65%	16.60%
Cost of Revenue	130.37	126.67	102.74	79.84	24.87	32.21
Gross Profit	198.35	200.95	156.14	155.67	90.14	91
Selling, General & Admin	39.3	37.3	29.66	13.99	14.38	15.34
Other Operating Expenses	18.8	1.1	2.34	0.34	2.55	4.98
Operating Expenses	82.96	60.76	49.38	21.31	22.94	26.38
Operating Income	115.38	140.18	106.76	134.37	67.21	64.62
Interest Expense	-9.34	-1.24	-1.81	-1.02	-0.87	-0.92
Earnings From Equity Investments	-0.55	-0.75	-2.35	-	-	-
Currency Exchange Gain (Loss)	0.22	0.22	-1.35	0.6	0.5	0.01
Other Non Operating Income (Expenses)	-21.52	-21.42	-13.3	-4.14	-2.27	-0.2
EBT Excluding Unusual Items	84.19	116.99	87.96	129.81	64.57	63.52
Merger & Restructuring Charges	-12.81	-12.81	-6.64	-8.55	-	-
Gain (Loss) on Sale of Investments	5.16	5.16	9.59	0.58	0.28	0.94
Gain (Loss) on Sale of Assets	0.03	0.03	-0.05	-	-	-0
Other Unusual Items	8.63	8.63	11.59	-0.26	0.13	-
Pretax Income	85.2	118	102.45	121.57	64.98	64.45
Income Tax Expense	15.38	-2.82	8.35	0.38	3.14	3.51
Earnings From Continuing Operations	69.82	120.82	94.1	121.19	61.84	60.94
Minority Interest in Earnings	-5.12	-2.42	-1.15	1.29	0.37	-2.4
Net Income	64.7	118.4	92.96	122.48	62.21	58.54
Net Income to Common	64.7	118.4	92.96	122.48	62.21	58.54
Net Income Growth	-45.12%	27.37%	-24.10%	96.88%	6.27%	34.05%
Shares Outstanding (Basic)	153	148	147	136	117	117
Shares Outstanding (Diluted)	153	149	147	136	117	117
Shares Change (YoY)	3.74%	0.99%	8.27%	16.23%	-	-
EPS (Basic)	0.42	0.80	0.63	0.90	0.53	0.50
EPS (Diluted)	0.42	0.80	0.63	0.90	0.53	0.50
EPS Growth	-47.09%	26.12%	-29.90%	69.39%	6.27%	34.05%
Free Cash Flow	-	150.86	72.5	106.01	52.53	44.32
Free Cash Flow Per Share	-	1.01	0.49	0.78	0.45	0.38
Dividend Per Share	0.923	0.984	0.702	0.625	0.400	0.256
Dividend Growth	-3.45%	40.17%	12.37%	56.17%	56.01%	28.20%
Gross Margin	60.34%	61.34%	60.31%	66.10%	78.37%	73.86%
Operating Margin	35.10%	42.79%	41.24%	57.05%	58.43%	52.45%
Profit Margin	19.68%	36.14%	35.91%	52.00%	54.09%	47.51%
Free Cash Flow Margin	-	46.05%	28.00%	45.01%	45.67%	35.97%
EBITDA	139.08	163.49	125.15	141.76	73.79	71.53
EBITDA Margin	42.31%	49.90%	48.34%	60.19%	64.15%	58.05%
D&A For EBITDA	23.7	23.31	18.39	7.39	6.58	6.91
EBIT	115.38	140.18	106.76	134.37	67.21	64.62
EBIT Margin	35.10%	42.79%	41.24%	57.05%	58.43%	52.45%
Effective Tax Rate	18.06%	-	8.15%	0.31%	4.83%	5.45%

Source: S&P Capital IQ. Standard template. Financial Sources.