Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 172

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 172
---
(3)                                  25.2        19.3        17.4            5.9            1.9  
  SPAC expenses and transaction costs(4)                                                   1.1         1.1        11.4              —         (10.3)  
  Other transaction costs(5)                                                              35.8         9.1         7.2           26.7            1.9  
  Gross obligation adjustments (6)                                                       (3.1)        11.6         3.5         (14.7)            8.1  
  Share of loss from associate(7)                                                          0.3         0.1         0.1            0.2              —  
  Net financial (income)/expense                                                          18.8         1.6       (8.0)           17.2            9.6  
  Fee Related Earnings                                                                   170.1       147.7       130.0           22.4           17.7  

  Patria Investments Limited      113  

  Table of Contents  

(1) Long-term employee benefits for the years ended December 31, 2023, 2022 and 2021 reflects the impacts from our equity-based compensation, share based incentive plans, Officers' fund and strategic bonus.

(2) Deferred and contingent consideration for the years ended December 31, 2023, 2022 and 2021 includes contingent consideration from acquisition transactions.

(3) Amortization of intangible assets from acquisitions for the years ended December 31, 2023, 2022 and 2021 includes amortization of contractual rights, brand amortization and non-contractual customer relationships from acquisitions that have been given effect after we concluded the allocation of our purchase price from acquisitions.

(4) SPAC expenses and transaction costs for the years ended December 31, 2023 and 2022 reflects the impact of our SPAC's IPO and operating expenses.

(5) Other transaction costs for the years ended December 31, 2023, 2022 and 2021 includes expenses associated with business acquisition-related activity and restructuring.

(6) Gross obligation adjustments for the years ended December 31, 2023 and 2022 reflect the unwinding of the present value of the redemption payable under put option arrangements from business acquisition-related activity.

(7) Share of earnings from