Patria Reports Second Quarter 2026 Earnings Results

Rhea-AI Summary

Patria (Nasdaq:PAX) reported unaudited Q2 2026 results, highlighting strong fundraising and earnings growth. The company raised $2.3 billion in Q2, bringing year-to-date fundraising to $4.5 billion, and reported Fee-Related Earnings (FRE) of $57.1 million, up 24% year over year and 13% sequentially.

Fee-earning AUM reached $48.9 billion, an increase of 32% year over year and 7% sequentially, including $11 billion (22%) in permanent capital vehicles. Distributable Earnings were $50.7 million, or $0.32 per share, up 31% year over year and 19% sequentially. IFRS net income attributable to Patria was $10.5 million. The company reiterated it is on track to achieve full-year 2026 FRE guidance of $225–$245 million, or $1.42–$1.54 per share, and declared a quarterly dividend of $0.1625 per share, payable on September 14, 2026 to shareholders of record on August 10, 2026.

Positive

• FRE Q2 2026 $57.1 million, up 24% year over year and 13% sequentially
• Fee-earning AUM $48.9 billion, up 32% year over year and 7% sequentially
• Permanent capital vehicles $11 billion, representing 22% of fee-earning AUM
• Distributable Earnings $50.7 million, or $0.32 per share, up 31% year over year
• Full-year 2026 FRE guidance reaffirmed at $225–$245 million, or $1.42–$1.54 per share
• Quarterly dividend declared at $0.1625 per share for Q2 2026

Negative

• None.

Market Context

Recent insider records show Net Buying, with 205000 shares bought and 0 sold. Against that platform ...

Analysis

Recent insider records show Net Buying, with 205000 shares bought and 0 sold. Against that platform record, this earnings announcement should be assessed alongside four divergent earnings reactions. Watch whether subsequent disclosures sustain operating metrics despite uneven historical responses.

Key Figures

Quarterly fundraising: $2.3 billion; $4.5 billion year-to-date Fee-Related Earnings: $57.1 million; +24% YoY; +13% sequentially FRE margin: 54.0% +5 more

8 metrics

Quarterly fundraising $2.3 billion; $4.5 billion year-to-date Q2 2026

Fee-Related Earnings $57.1 million; +24% YoY; +13% sequentially Q2 2026; vs. $46.1 million in Q2 2025

FRE margin 54.0% Q2 2026

Fee-Earning AUM $48.9 billion; +32% YoY; +7% sequentially Q2 2026

Permanent capital vehicles $11 billion; 22% Included in Fee-Earning AUM

2026 FRE guidance $225 to $245 million; $1.42 to $1.54 per share Full-year 2026

Distributable Earnings per share $0.32; +31% YoY; +19% sequentially Q2 2026

Quarterly dividend $0.1625 per share Declared for common stockholders; payable September 14, 2026

Previous Earnings Reports

5 past events · Latest: May 07 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 07	Q1 earnings report	Positive	-6.8%	Reported quarterly earnings with fundraising momentum and stronger Fee Related Earnings.
Feb 03	Q4 earnings report	Positive	-4.5%	Reported annual and quarterly earnings alongside record fundraising and expanding assets under management.
Nov 04	Q3 earnings report	Positive	+3.0%	Reported quarterly earnings with higher FRE, distributable earnings, fundraising, and assets under management.
Aug 01	Q2 earnings report	Positive	-4.4%	Reported quarterly earnings with higher FRE, fundraising, margin expansion, and raised fundraising guidance.
May 02	Q1 earnings report	Positive	-1.2%	Reported quarterly earnings with record fundraising and year-over-year Fee Related Earnings growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Patria's earnings announcements historically diverged from the underlying positive operating news, with four of five tag-specific reactions negative.

Key Terms

fee-related earnings, fee-earning aum, distributable earnings, permanent capital vehicles

4 terms

fee-related earnings financial

"Fee-Related Earnings for the quarter were $57.1 million"

Fee-related earnings are the portion of a financial firm's profit that comes from client charges for services such as advice, asset management, custody, and transaction fees, rather than from trading gains or market movements. Investors care because these fees act like a steady subscription income—more predictable and less tied to market swings—so higher fee-related earnings usually signal more reliable long-term revenue and lower earnings volatility.

fee-earning aum financial

"supported by Fee-Earning AUM of $48.9 billion"

Fee-earning AUM is the portion of a firm’s total assets under management that generates fees paid by clients — for example management or performance fees — rather than assets that are non-fee or administrative. Think of it like the part of a store’s inventory that actually sells and brings in cash; for investors it signals the company’s primary revenue base, how sensitive income is to market moves or client withdrawals, and how scalable future earnings may be.

distributable earnings financial

"Distributable Earnings were $50.7 million for Q2 2026"

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.

permanent capital vehicles financial

"included $11 billion, or 22%, in permanent capital vehicles"

A permanent capital vehicle is an investment entity that raises money without a fixed date to return it, allowing managers to hold assets for the long term instead of being forced to sell on a timetable. For investors, that means the vehicle can pursue longer-term opportunities, smooth out short-term market swings, and potentially generate steady income or capital growth—think of it as a pot of money meant to stay invested rather than a clocked loan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GRAND CAYMAN, Cayman Islands, July 31, 2026 (GLOBE NEWSWIRE) -- Patria Investments Limited (Nasdaq:PAX) reported today its unaudited results for the second quarter ended June 30, 2026. The full detailed presentation of Patria's second quarter 2026 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

“Our second quarter results reflect continued strong fundraising momentum, supported by consistent investment performance across our diversified platform,” said Alex Saigh, Chief Executive Officer at Patria. “We raised $2.3 billion in the quarter, bringing year-to-date fundraising to $4.5 billion and keeping us on pace to exceed our full-year target.

Fee-Related Earnings for the quarter were $57.1 million, up 24% year over year and 13% sequentially, supported by Fee-Earning AUM of $48.9 billion, which increased 32% year over year and 7% sequentially, and included $11 billion, or 22%, in permanent capital vehicles. We concluded the quarter on track to achieve our full-year 2026 FRE guidance of $225 to $245 million, or $1.42 to $1.54 per share. Finally, Distributable Earnings per share of $0.32 rose 31% year over year and 19% sequentially.”

Financial Highlights (reported in $ USD)

IFRS results included $10.5 million of net income attributable to Patria in Q2 2026. Patria generated Fee Related Earnings of $57.1 million in Q2 2026, up 24% from $46.1 million in Q2 2025, with an FRE margin of 54.0%. Distributable Earnings were $50.7 million for Q2 2026, or $0.32 per share.

Dividends

Patria declared a quarterly dividend of $0.1625 per share to record holders of common stock at the close of business on August 10^th, 2026. This dividend will be paid on September 14^th, 2026.

Conference Call

Patria will host its second quarter 2026 earnings conference call via public webcast on July 31^st, 2026, at 9:00 a.m. ET. To register and join, please use the following link:

https://edge.media-server.com/mmc/p/asz8ozen/   

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 over 37 years of experience and more than $62 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 & Transportation, 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.

Contact

Patria Shareholder Relations
E. PatriaShareholderRelations@patria.com

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

FAQ

How did Patria (PAX) perform financially in Q2 2026?

Patria reported Q2 2026 Fee-Related Earnings of $57.1 million and Distributable Earnings of $50.7 million, or $0.32 per share. According to Patria, FRE rose 24% year over year, while Distributable Earnings per share increased 31% year over year and 19% sequentially.

What were Patria’s assets under management and fundraising results in Q2 2026?

Patria reported fee-earning AUM of $48.9 billion in Q2 2026 and raised $2.3 billion in the quarter. According to Patria, fee-earning AUM grew 32% year over year and 7% sequentially, with year-to-date fundraising reaching $4.5 billion by June 30, 2026.

What guidance did Patria (PAX) provide for full-year 2026 Fee-Related Earnings?

Patria stated it remains on track to achieve full-year 2026 Fee-Related Earnings of $225–$245 million, or $1.42–$1.54 per share. According to Patria, Q2 results and fundraising momentum support this outlook for the current fiscal year’s FRE performance.

What dividend did Patria declare following its Q2 2026 earnings results?

Patria declared a quarterly dividend of $0.1625 per share for Q2 2026. According to Patria, shareholders of record on August 10, 2026 will receive the dividend on September 14, 2026, providing ongoing capital returns alongside Distributable Earnings growth.

How much permanent capital does Patria manage as of Q2 2026?

Patria reported $11 billion in permanent capital vehicles within its fee-earning AUM as of Q2 2026. According to Patria, this represents about 22% of its $48.9 billion fee-earning AUM, contributing to recurring management fees and earnings visibility.

What was Patria’s IFRS net income attributable to shareholders in Q2 2026?

Patria recorded IFRS net income attributable to the company of $10.5 million in Q2 2026. According to Patria, this IFRS figure is presented alongside alternative metrics such as Fee-Related Earnings and Distributable Earnings, which reflect its asset management economics.

When is the Patria (PAX) Q2 2026 earnings conference call and how can investors listen?

Patria scheduled its Q2 2026 earnings conference call for July 31, 2026 at 9:00 a.m. ET via public webcast. According to Patria, investors can register using the provided webcast link and later access a replay on the shareholders section of its investor relations website.