Patria Investments Ltd
For the period ended Oct 7, 2026. Filed Oct 7, 2026.
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Oct 7, 2026 · Filed Oct 7, 2026
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Contents
EX-99.1 · Sensitivity analysis
Sensitivity analysis
Interest rate risk
The Company has loans with leading financial institutions as summarized in note 16. The financial institutions charge interest at SOFR plus a fixed premium. An interest rate risk exists due to possible unexpected changes in the SOFR rate.
The sensitivity analyses have been determined based on the exposure for floating rate payable at the reporting date.
| Net risk Position* | Sensitivity to 100bps Increase | Sensitivity to 100bps decrease | |
|---|---|---|---|
| Sensitivity of net profit or loss before tax | 8,488 | (1,293) | 1,293 |
- The net risk position represents the interest expense for the period ended June 30, 2026
Foreign exchange risk
The sensitivity analysis is based on financial assets and financial liabilities exposed to currency fluctuations against the US dollar, as demonstrated below:
| As of June 30, 2026: | |||||||
|---|---|---|---|---|---|---|---|
| Balance in each exposure currency · Exchange Variation impact considering 10% decline in the year end rates. | |||||||
| BRL(a) · HKD (b) · CLP (c) · COP (d) · GBP (e) · Other (f) | |||||||
| Cash and cash equivalents | 9,299 | 1,367 | 22,849 | 4,241 | 8,727 | 4,171 | 5,065 |
| Short term investments | 36,104 | - | 803 | 6,469 | - | - | 4,338 |
| Client funds on deposit | - | - | 24,919 | - | - | - | 2,492 |
| Accounts receivable | 174,054 | 238 | 22,249 | 4,427 | 62,942 | 89 | 26,400 |
| Projects Advance | 5,156 | - | 1,218 | 728 | 273 | - | 738 |
| Deposit/guarantee on lease agreement | 7 | 43 | 1,376 | 31 | 845 | - | 230 |
| Long-term investments | 1,416 | - | 277 | 2,373 | 3,447 | - | 751 |
| Client funds payable | - | - | (24,919) | - | - | - | (2,492) |
| Lease liabilities | (5,038) | - | (2,824) | (1,547) | (7,436) | - | (1,685) |
| Suppliers | (153,634) | (29) | (816) | (864) | (6,629) | (245) | (16,222) |
| Loans | 34 | - | 5 | - | - | - | 4 |
| Other financial assets | - | - | - | - | - | - | - |
| Other financial liabilities | - | - | - | - | - | - | - |
| Gross obligation under put option | (34,035) | - | - | - | - | - | (3,403) |
| Consideration payable on acquisition | (145,725) | - | - | - | - | 4,973 | (14,075) |
| Contingent consideration payable on acquisition | - | - | - | - | - | - | - |
| Net Impact | (112,362) | 1,619 | 45,137 | 15,858 | 62,169 | 8,988 | 2,141 |
(a) BRL - Brazilian Real, (b) HKD - Hong Kong dollar, (c) CLP - Chilean Peso, (d) COP - Colombian Peso, (e) GBP - Pound Sterling (f) Other - Mexican Peso & Peruvian Nuevo Sol
| 32. | Related parties |
| (a) | Key management compensation |
The amounts paid to directors and officers for their roles as executives for the six-month periods ended June 30, 2026, and 2025 included in “Personnel expenses” are shown below:
| Three-month periods ended June30, | Six-month periods ended June30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Key management compensation | (2,501) | (2,322) | (4,598) | (4,628) |
For the six-month period ended June 30, 2026, the Company has accrued US$ 3.3 million (six-month period ended June 30, 2025: US$ 6.1 million) as bonuses payable to key management.
Additionally, for the six-month period ended June 30, 2026, the Company accrued US$ 0.5 million (six-month period ended June 30, 2025: US$ 0.4 million) as a Strategic Bonus payable to key management with US$ 2.5 million payable as of June 30, 2026 (December 31, 2025: US$ 1.3 million). The accruals for key management and strategic bonuses provided for are included in "Personnel expenses".
| (b) | Deferred consideration |
As described in note 21(b)(c), deferred consideration is payable to the management of CSHG and GPMS. The deferred consideration payable to Moneda management was finalized and paid for by issuing 2,423,546 Class A common shares on January 31, 2025.
| (c) | Long-term investments |
The Company 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 US$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.
| (d) | Carried interest allocation |
As described in note 23(a), up to 35% of the performance fee receivable from certain of the Company’s investment funds are payable to the Company’s employees.
| (e) | Share based incentive plan |
As described in note 29(d), the Company has share based incentive plans to provide long-term incentives to certain employees, directors, and other eligible participants in exchange for their services.
| (f) | Lease commitments |
Note 21(a) details lease payments made for various office premises and include the following leases with related parties
| i. | Moneda has a related party entity that was excluded from the Moneda acquisition. As a result, a lease contract was entered into by MAM I and MCB in 2021 and MAGF in 2022 with their related party entity Moneda III SpA (beneficially owned by Moneda’s former partners). |
| ii. | PLATAM leases office space in Brazil from Gestão e Transformação Infraestrutura, a service provider to portfolio companies managed by the Company. |
| iii. | Patria Asset Management leases its office space in Medellin, Colombia, from Fondo Inmobiliario Colombia, a fund managed by the Company. |
The impact of the above-mentioned leases on the condensed consolidated statement of financial position and condensed consolidated statement of income were as follows:
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