Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 328

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 328
---
 subsidiaries through business combinations and the related services and travelling required to close on the acquisition transactions.

(b) Rebate fees have been presented as part of net revenue from services for 2024 and future financial periods.

26Other income/(expenses)

                                                             2024                         2023                         2022                     
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Share issuance expenses – SPAC (notes 5(f) and 21(c))      —                            ( 6,167)                                   ( 10,325)  
  Gain on associate derecognition                            —                                              4,199      —                        
  Energy trading contracts – net realized gains              138                          —                            —                        
  Energy trading contracts – MtM adjustments                                   6,429      —                            —                        
  Transaction costs (a)                                      ( 8,178)                     ( 9,618)                     ( 4,536)                 
  Transaction costs – SPAC                                   —                            —                            ( 315)                   
  Consideration payable adjustments (b)                                    ( 25,280)                        8,634                       11,593  
  Gross obligation adjustments (b)                                             3,093                    ( 11,666)      ( 3,533)                 
  Integration costs (c)                                                    ( 14,809)      ( 2,104)                     ( 1,293)                 
  Other (d)                                                  ( 7,214)                     ( 1,944)                     ( 856)                   
  Other income/(expenses)                                                  ( 45,821)                    ( 18,666)      ( 9,265)                 

(a) Transaction costs relate to expenses incurred on the acquisition of new subsidiaries through business combinations.

(b) Measurement of the present value of acquisition considerations payable, fair value adjustments of contingent considerations (refer to note 21 (b)) and gross obligations under put option (refer to note 21(d)) for acquired businesses is included under other income/(expenses) based on its correlation with the Groups’ expansion strategy through acquisition activity. The movement for the year ended December 31, 2024, relates to the impact from unwinding the discount related to the time value of money, reflecting the change in the carrying value of the payables that is attributable to the passage of time and decrease in the effective yield.

The consideration payable adjustment expense for the year ended December 31, 2024, includes US$ 10