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Jun 30, 2025
Patria Q2 2025 Earnings Report
Patria reported its unaudited results for the second quarter ended June 30, 2025, highlighting strong fundraising and growth in Fee Related Earnings and Fee Earning Assets Under Management.
Key Takeaways
Patria delivered a solid second quarter in 2025, with fundraising reaching $1.3 billion and Fee Related Earnings (FRE) growing 17% year-over-year to $46.1 million. The company also saw significant growth in Fee Earning Assets Under Management (FEAUM) and generated over $600 million in organic net inflows, leading to an annualized organic growth rate exceeding 8% for the first half of the year. Despite potential macroeconomic headwinds, Patria is confident in achieving its full-year FRE target.
Fundraising reached $1.3 billion in Q2 2025, contributing to $4.5 billion in the first half of the year.
Fee Related Earnings (FRE) increased by 17% year-over-year to $46.1 million, with an FRE margin of 56.8%.
Fee Earning Assets Under Management (FEAUM) grew 6% sequentially and 20% year-over-year, driven by over $600 million in organic net inflows.
Patria declared a quarterly dividend of $0.15 per share and authorized a new share repurchase program for up to 3 million Class A common shares.
Forward Guidance
Patria expects full-year fundraising to be 5%-10% higher than its initial $6 billion target and is confident in achieving its 2025 Fee Related Earnings target of $200 million to $225 million, driven by platform diversification and profitable organic growth.
Positive Outlook
- Full-year fundraising expected to exceed initial $6 billion target by 5%-10%.
- Confidence in achieving 2025 FRE target of $200 million to $225 million.
- Increased diversification of the platform is paying off in fundraising and organic growth.
- Strong fundraising momentum supports a positive outlook.
- Well-positioned to meet three-year targets introduced at Investor Day.
Challenges Ahead
- Looming trade war poses a potential headwind.
- Global economic concerns create potential headwinds.
- No other specific negative forward guidance was provided.
Historical Earnings Impact
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