Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 279

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 279
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 that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

São Paulo, May 14, 2025

/s/ DELOITTE TOUCHE TOHMATSU

Auditores Independentes Ltda.

We have served as Company’s auditors since 2012.

  F-6  

  Table of Contents  

Consolidated Statement of Financial Position

As of December 31, 2024 and December 31, 2023

(In thousands of United States dollars - US$)

  Assets                            Note      12/31/2024      12/31/2023  
 ──────────────────────────────────────────────────────────────────────────
  Cash and cash equivalents            6          33,418          16,050  
  Short term investments           12(a)          59,009         204,510  
  Client funds on deposit              7          18,704          17,055  
  Accounts receivable                  8         217,132         127,363  
  Project advances                     9           7,577          17,614  
  Recoverable taxes                   11           4,512           4,014  
  Other current assets                10          14,681          11,781  
  Other financial instruments      12(c)          17,646           3,206  
  Current assets                                 372,679         401,593  
  Accounts receivable                  8          16,402          14,900  
  Project advances                     9               —           1,972  
  Deferred tax assets                 19          15,824          15,472  
  Other non-current assets            10           6,586           3,798  
  Long-term investments            12(b)          49