Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 261

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 15
Chunk 261
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 (approximately 12% of our consolidated revenue) and net income of US$23.9 million (approximately 32% of our consolidated net income) to us for the year ended December 31, 2024, as well as total assets of US$122.5 million (approximately 10% of our consolidated total assets) as of December 31, 2024.

Our management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2024. In making its assessment of internal control over financial reporting, management used the criteria described in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Based on this assessment, our management has concluded that our internal controls over financial reporting were effective as of December 31, 2024.

C. Attestation Report of the Registered Public Accounting Firm

Deloitte Touche Tohmatsu Auditores Independentes Ltda., the independent registered certified public accounting firm who audited the Company’s consolidated financial statements included in this Form 20-F, has issued a report on the Company’s internal control over financial reporting, which is included herein.

D. Changes in Internal Control Over Financial Reporting

We extended our oversight and monitoring processes that support our internal control over financial reporting, as appropriate, to include PAM and VBI's financial position, results of operations and cash flow into our consolidated financial statements through December 31, 2024. We are continuing to integrate the operations of VBI into our overall internal control over financial reporting and related processes. Except as disclosed in this paragraph, there were no other changes in our internal control over financial reporting (as the term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the year ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 16. [RESERVED]