Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 340

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 340
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 S. dollars, which is the Company’s and the Group’s presentation currency. The effects of the translation are accounted for and presented on Equity under the caption “ Cumulative Translation Adjustments”.

  Patria Investments Limited      F-65  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

g. Non-controlling interests

As of December 31, 2024, the Group had five

                                                  Equity                                                Income (Loss)             
  Non-controlling interest        Interest          2024                                                         2024             
  VBI Real Estate                     0.0%             —                  ( 37,564)      ( 39,330)                         1,842  
  Patria Asset Management           49.26%                    17,076         16,417                               733             
  Tria                              33.33%      ( 7,523)                                                                   1,182  
  Patria Real Estate Latam*          1.10%            70                                                           20             
  PEVC I General Partner IV*        42.92%            28                                                           42             
  SH Manco Holding*                 25.00%           203                                                         ( 7)             
                                                               9,854      ( 21,147)      ( 39,330)                         3,812  

* In accordance with IFRS 12, the Group shall disclose financial information of subsidiaries where non-controlling interest is material to the Group. Due to low values attributable to the non-controlling interest in these subsidiaries, no additional information is disclosed in these consolidated financial statements.

Set below is summarized financial information for subsidiaries that have material non-controlling interests. The amounts disclosed are before inter-company eliminations.

Statement of Financial Position - 2024 and 2023

  Summarized Statement of Financial Position                                         Patria Asset Management                                                                
                                                  December 31, 2023                  December 31, 2024                        December 31, 2023                             
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  Current assets                                                          8,