Patria Reports Fourth Quarter & Full Year 2025 Earnings Results

Rhea-AI Summary

Patria (NASDAQ: PAX) reported Q4 and full-year 2025 results, highlighting record fundraising and AUM growth. Key metrics: organic fundraising $1.7bn in Q4 and $7.7bn for 2025, FEAUM $40.8bn (up 24% vs. YE2024), FRE $202.5m (+19% YoY), and IFRS net income of $85.6m for 2025. Patria closed acquisitions adding material FEAUM and declared a quarterly dividend of $0.15 per share payable March 12, 2026.

Management cited momentum entering 2026 after three announced acquisitions expanding Private Credit, listed REITs, and U.S. GPMS capabilities.

Positive

• Record fundraising of $7.7bn in 2025
• FEAUM increased to $40.8bn, up 24% year-over-year
• Full-year Fee Related Earnings of $202.5m, +19% YoY
• Quarterly FRE of $64.3m with a 63.6% FRE margin in Q4 2025
• Closed acquisitions adding $4.8bn of FEAUM (Solis 51% $3.5bn; RBR $1.3bn) and announced WP Global Partners with $1.8bn FEAUM

Negative

• None.

Key Figures

Organic fundraising Q4: $1.7bn Fundraising 2025: $7.7bn FEAUM 2025: $40.8bn +5 more

8 metrics

Organic fundraising Q4 $1.7bn Organic fundraising in Q4 2025

Fundraising 2025 $7.7bn Record organic fundraising for full year 2025

FEAUM 2025 $40.8bn Fee-Earning AUM at year-end 2025, up 24% vs 2024

FRE 2025 $202.5M Full-year 2025 Fee Related Earnings, up 19% from $170.1M

FRE Q4 2025 $64.3M Q4 2025 Fee Related Earnings, up 17% from $54.8M

Net income 2025 $85.6M Full-year 2025 net income attributable to Patria

DE per share 2025 $1.27 2025 Distributable Earnings per share

Dividend $0.15/share Quarterly dividend declared for holders on Feb 20, 2026

Market Reality Check

Price: $14.27 Vol: Volume 1,224,232 is 35% a...

normal vol

$14.27 Last Close

Volume Volume 1,224,232 is 35% above the 20-day average of 905,598 shares. normal

Technical Price at $14.94 is trading above the 200-day MA of $14.15 and 16.1% below the 52-week high.

Peers on Argus

PAX gained 2.26% on earnings while peers like BBUC (3.11%) and GDV (1.06%) were ...

PAX gained 2.26% on earnings while peers like BBUC (3.11%) and GDV (1.06%) were also positive, but no peers appeared in the momentum scanner, indicating a stock-specific reaction.

Previous Earnings Reports

5 past events · Latest: Nov 04 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 04	Q3 2025 earnings	Positive	+3.0%	Strong Q3 FRE, AUM above $50B, solid fundraising and dividend declaration.
Aug 01	Q2 2025 earnings	Positive	-4.4%	Strong Q2 FRE growth, raised fundraising guidance, new buyback program.
May 02	Q1 2025 earnings	Positive	-1.2%	Record Q1 fundraising, double-digit FRE growth, dividend maintained.
Feb 12	FY 2024 earnings	Positive	+4.2%	2024 FRE hit $170M target, strong FEAUM growth and performance earnings.
Nov 05	Q3 2024 earnings	Positive	+0.0%	Q3 2024 FRE and DE growth with strong fundraising and dividend declaration.

Pattern Detected

Earnings releases often show positive fundamentals, but price reactions have been mixed, with both rallies and selloffs around prior reports.

Recent Company History

Recent earnings releases for Patria have highlighted growing Fee Related Earnings, expanding Fee-Earning AUM, and consistent quarterly dividends of $0.15 per share. Q3 2025 results showed FRE of $49.5M and AUM above $50B, while earlier 2025 quarters also delivered double-digit FRE growth and strong fundraising. Full-year 2024 results hit the $170M FRE target with a 57% margin. Today’s Q4 and full-year 2025 earnings continue this sequence of growth-focused financial updates and capital return.

Historical Comparison

earnings

+2.6 %

Average Historical Move

Historical Analysis

Past earnings headlines moved PAX by an average of 2.56%. Today’s 2.26% move on Q4/FY 2025 results is broadly in line with prior earnings reactions.

Typical Pattern

Across Q3, Q2 and Q1 2025 plus FY 2024, Patria has repeatedly reported growing FRE, expanding FEAUM, strong fundraising and steady $0.15 dividends, building toward its multi-year FRE and fundraising targets.

Market Pulse Summary

This announcement details Q4 and full-year 2025 results featuring record organic fundraising of $7.7...

Analysis

This announcement details Q4 and full-year 2025 results featuring record organic fundraising of $7.7bn, FEAUM at $40.8bn, and Fee Related Earnings of $202.5M with solid margins. Management also highlights multiple acquisitions in credit and real estate plus a quarterly dividend of $0.15 per share. In context of prior earnings, investors may watch future FRE growth, fundraising versus long-term objectives, and the impact of recent transactions on margins and Distributable Earnings.

Key Terms

distributable earnings, fee earning assets under management, reit, forward-looking statements, +1 more

5 terms

distributable earnings financial

"Distributable Earnings were $78.5 million for Q4 2025, or $0.50 per share..."

Distributable earnings are the portion of a company’s reported profits that management determines is safe to pay out to shareholders after accounting for cash needs, required reserves, and non-cash bookkeeping items. Think of it like the money left in your household budget after paying bills and putting aside savings — it shows what can realistically be handed out as dividends or distributions and helps investors judge how sustainable and reliable future payouts may be.

fee earning assets under management financial

"FEAUM that reached $40.8bn, up 24% compared to year-end 2024..."

Fee earning assets under management are the portion of a financial firm's total assets that are actively managed on behalf of clients for which the firm charges management or performance fees. Think of it like the amount of customer money that is on a company’s payroll to earn revenue; larger or higher-fee balances typically mean more predictable income and help investors judge a manager’s growth potential and profitability. This metric matters because it links client money directly to the firm’s fee revenue and future earnings visibility.

reit financial

"Brazilian REIT manager RBR, which closed yesterday, will add $1.3bn..."

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

forward-looking statements regulatory

"This press release may contain forward-looking statements within the meaning of Section 27A..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

assets under management financial

"With 37 years of experience and approximately $53 billion in assets under management..."

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

AI-generated analysis. Not financial advice.

GRAND CAYMAN, Cayman Islands, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Patria Investments Limited (“Patria”) (NASDAQ: PAX) reported today its unaudited results for the fourth quarter and full year ended December 31, 2025. The full detailed presentation of Patria's fourth quarter and full year 2025 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

Alex Saigh, Patria’s CEO, said: “We are very excited to report our 4th quarter results, a capstone to a very successful 2025. Highlights for the quarter and 2025 include organic fundraising of $1.7bn in the quarter and a record $7.7bn for the year, FEAUM that reached $40.8bn, up 24% compared to year-end 2024, and $203mn of Fee Related earnings in 2025, a 19% year-over-year increase.

In addition, since the end of 3Q25 we’ve announced 3 acquisitions that further expand our capabilities and scale in key assets classes. First, the acquisition of a 51% stake in Solis with $3.5 bn of FEAUM and which closed on January 2nd, significantly enhances our capabilities in the rapidly growing Private Credit market in Brazil. Second, the acquisition of Brazilian REIT manager RBR, which closed yesterday, will add $1.3bn of permanent capital and make us the largest independent manager of listed REITs in Brazil, a market in which scale has significant competitive advantages. Finally, we also announced the pending acquisition of WP Global Partners, a U.S. based Lower-Middle-Market Private Equity Solutions Manager, with $1.8bn of FEAUM and which strengthens our capabilities in our GPMS business in the critical U.S. market.

Overall, as we enter 2026, the momentum we’ve built in 2025, augmented by our recent announced transactions, means that Patria is in a strong position to achieve, and hopefully exceed, the three-year fundraising and FRE objectives we set for ourselves at our investor day in December 2024.”

Financial Highlights (reported in $ USD)

IFRS results included $34.5 million of net income attributable to Patria in Q4 2025 and $85.6 million for the full year. Patria generated Fee Related Earnings of $64.3 million in Q4 2025, up 17% from $54.8 million in Q4 2024, with an FRE margin of 63.6%. For the full year, Patria generated Fee Related Earnings of $202.5 million, up 19% from $170.1 million in 2024, with an FRE margin of 58.9%. Distributable Earnings were $78.5 million for Q4 2025, or $0.50 per share, and $200.9 million for the full year, or $1.27 per share.

Dividends

Patria declared a quarterly dividend of $0.15 per share to record holders of common stock at the close of business on February 20th, 2026. This dividend will be paid on March 12th, 2026.

Conference Call

Patria will host its fourth quarter and full year 2025 earnings conference call via public webcast on February 3^rd, 2026, at 9:00 a.m. ET. To register and join, please use the following link:

https://edge.media-server.com/mmc/p/r9ysrjme

For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.

About Patria

Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are a leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With 37 years of experience and approximately $53 billion in assets under management, we believe we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at www.patria.com.

Asset Classes: Infrastructure, Credit, Real Estate, Private Equity, Solutions (GPMS), and Public Equities

Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services

Investment Regions: Latin America, Europe and the U.S.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled “Risk Factors” in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings.

Contacts:

Patria Shareholder Relations
E. PatriaShareholderRelations@patria.com
T. +1 917 769 1611

Media - Burson
E. patria@hillandknowlton.com 
T. +44 20 7113 3468

FAQ

What were Patria's Q4 2025 net income and full-year 2025 net income (PAX)?

Patria reported $34.5m of net income attributable to Patria in Q4 2025 and $85.6m for full-year 2025. According to Patria, those IFRS figures reflect operating results for the respective periods, reported on an unaudited basis.

How much did Patria (PAX) raise in 2025 and in Q4 2025 via organic fundraising?

Patria reported $7.7bn of organic fundraising for 2025 and $1.7bn in Q4 2025. According to Patria, 2025 was a record fundraising year, underpinning growth across its asset classes and regions.

What is Patria's Fee Related Earnings and FRE margin for 2025 and Q4 (PAX)?

Patria generated $202.5m of Fee Related Earnings for 2025 with a 58.9% FRE margin; Q4 FRE was $64.3m with a 63.6% margin. According to Patria, both FRE and margins increased versus 2024.

What acquisitions did Patria announce or close around its Q4 2025 results (PAX)?

Patria closed a 51% stake in Solis (about $3.5bn FEAUM) and acquired RBR ($1.3bn permanent capital), and announced WP Global Partners ($1.8bn FEAUM). According to Patria, these transactions expand Private Credit, listed REITs, and U.S. GPMS capabilities.

Did Patria (PAX) declare a dividend with the Q4 2025 results and when will it be paid?

Patria declared a quarterly dividend of $0.15 per share to holders of record on February 20, 2026, payable on March 12, 2026. According to Patria, this dividend follows distributable earnings reported for Q4 and full-year 2025.