Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 281

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 281
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 Medellín (Colombia), Edinburgh (Scotland - United Kingdom), and Santiago (Chile), as well as client-coverage offices in New York (United States), London (United Kingdom), Dubai (United Arab Emirates) and Hong Kong (People's Republic of China) to cover the investor base of its underlying investment products, in addition to its corporate business and management office in Grand Cayman (Cayman Islands).

The Group’s main executive office is located at 60 Nexus Way, 4th floor, Camana Bay, Grand Cayman, Cayman Islands.

  Patria Investments Limited      F-12  

  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)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

Going concern

Considering that the Group has access to sufficient resources to settle liabilities as they become due, no material uncertainties exist that may cast significant doubt regarding the Company’s and Group’s ability to continue as a going concern. As such the use of going concern basis of accounting is considered appropriate. The Group’s current liabilities exceeded its current assets as of December 31, 2024. This position results from the recognition of payables from business combinations concluded for the year ended December 31, 2024. The settlement of the acquisition payables will take place through continuing cash generation from operations, the issue of Class A common shares of the Company, cash collections of outstanding accounts receivable and, if required, additional bank borrowings and credit limits.

These consolidated financial statements for the years ended December 31, 2024, and 2023 include the financial information regarding the Company and its subsidiaries, as described in note 5.

2Presentation of financial statements

a. Statement of compliance and basis of preparation

The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (“ IASB”), that include the standards issued by IASB and interpretations issued by the International Financial Reporting Interpretation Committee (“ IFRIC”).

The board of directors approved the consolidated financial statements on May 15, 2025.

b. Functional and presentation currency

The consolidated financial statements are presented in United States dollars (USD), the functional