Patria Investments Limited (PAX)

Patria Investments Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	318.82	327.62	258.88	235.52	115.02	123.22
Revenue Growth (YoY)	15.27%	26.55%	9.92%	104.77%	-6.65%	16.60%
Cost of Revenue	117.57	126.67	102.74	79.84	24.87	32.21
Gross Profit	201.25	200.95	156.14	155.67	90.14	91
Selling, General & Admin	38.7	37.3	29.66	13.99	14.38	15.34
Depreciation & Amortization	23.57	22.37	17.38	6.97	6.01	6.06
Other Operating Expenses	-0.3	1.1	2.34	0.34	2.55	4.98
Operating Expenses	61.96	60.76	49.38	21.31	22.94	26.38
Operating Income	139.28	140.18	106.76	134.37	67.21	64.62
Interest Expense	-1.54	-1.24	-1.81	-1.02	-0.87	-0.92
Earnings From Equity Investments	-0.35	-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)	-21.22	-21.42	-13.3	-4.14	-2.27	-0.2
EBT Excluding Unusual Items	116.39	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	117.4	118	102.45	121.57	64.98	64.45
Income Tax Expense	-1.72	-2.82	8.35	0.38	3.14	3.51
Earnings From Continuing Operations	119.12	120.82	94.1	121.19	61.84	60.94
Minority Interest in Earnings	-2.52	-2.42	-1.15	1.29	0.37	-2.4
Net Income	116.6	118.4	92.96	122.48	62.21	58.54
Net Income to Common	116.6	118.4	92.96	122.48	62.21	58.54
Net Income Growth	26.96%	27.37%	-24.10%	96.88%	6.27%	34.05%
Shares Outstanding (Basic)	151	148	147	136	117	117
Shares Outstanding (Diluted)	151	149	147	136	117	117
Shares Change (YoY)	2.32%	0.99%	8.27%	16.23%	-	-
EPS (Basic)	0.77	0.80	0.63	0.90	0.53	0.50
EPS (Diluted)	0.77	0.80	0.63	0.90	0.53	0.50
EPS Growth	24.08%	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	1.075	0.984	0.702	0.625	0.400	0.256
Dividend Growth	26.47%	40.17%	12.37%	56.17%	56.01%	28.20%
Gross Margin	63.12%	61.34%	60.31%	66.10%	78.37%	73.86%
Operating Margin	43.69%	42.79%	41.24%	57.05%	58.43%	52.45%
Profit Margin	36.57%	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	163.21	163.49	125.15	141.76	73.79	71.53
EBITDA Margin	51.19%	49.90%	48.34%	60.19%	64.15%	58.05%
D&A For EBITDA	23.93	23.31	18.39	7.39	6.58	6.91
EBIT	139.28	140.18	106.76	134.37	67.21	64.62
EBIT Margin	43.69%	42.79%	41.24%	57.05%	58.43%	52.45%
Effective Tax Rate	-	-	8.15%	0.31%	4.83%	5.45%

Source: S&P Capital IQ. Standard template.