Patria Investments Ltd

Sensitivity analysis

Interest rate sensitivity

The sensitivity analyses have been determined based on the exposure for floating rate loans at the reporting date. The analysis is prepared assuming the amount of loans outstanding at the reporting date will be outstanding until maturity.

• The net risk position represents total interest from March 31, 2025, until maturity of each loan. Refer to note 16 in these unaudited condensed consolidated interim financial statements for the loans outstanding as well as the maturity date of each loan.

Currency risk

The sensitivity analysis was based on financial assets and financial liabilities exposed to currency fluctuations against the US dollar, as demonstrated below:

The amounts paid to directors and officers for their roles as executives for the three-month periods ended March 31, 2025, and 2024 included in “Personnel expenses” are shown below:

For the three-month period ended March 31, 2025, the Group has accrued US$ 1.3 million (three-month period ended March 31, 2024: US$ 1.5 million) as bonuses payable to key management.

Additionally, for the three-month period ended March 31, 2025, the Group accrued US$ 0.2 million (three-month period ended March 31, 2024: US$ 0.1 million) as a Strategic Bonus payable to key management as described in note 15(b) with US$ 1.0 million payable as of March 31, 2025 (December 31, 2024: US$ 0.8 million). The accruals for key management and strategic bonuses provided for are included in "Personnel expenses".

The Group has share-based incentive plans providing long-term incentives to key management in exchange for their services (refer to note 29(d)). For the three-month period ended March 31, 2025, the Group recognized US$ 3.6 million as an expense (three-month period ended March 31, 2024: US$ 0.5 million).

As described in note 21(b), deferred consideration is payable to key employees and management of CSHG and GPMS. Moneda deferred consideration payable was settled on January 31, 2025, with no balance outstanding on March 31, 2025.

As described in notes 12(b), the Group purchased shares on behalf of PBPE General Partner V, Ltd.’s investment fund Private Equity Fund V (PE V) in Lavoro Agro Limited (“Lavoro”) for approximately $8.2 million. Lavoro was a private equity investment of PE V prior to going public and entering into a business combination (closed February 28, 2023) with an independent SPAC entity, formerly known as TPB Acquisition Corporation I.

As described in note 23(c), up to 35% of the performance fee receivable from certain of the Group’s investment funds are payable to the Group’s key management personnel.

Note 21(a) details lease payments made for various office premises and include the following leases with related parties

The impact of the abovementioned leases on the unaudited condensed consolidated statement of financial position and unaudited condensed consolidated statement of profit or loss were as follows: