Patria Investments Ltd

Condensed Consolidated Statement of Financial Position (unaudited)

As of June 30, 2026, and December 31, 2025

(In thousands of United States dollars - US$, except earnings per share)

Cash and cash equivalents 6 58,873 3,601 Client funds payable 7 24,914 25,868

Client funds on deposit and receivable 7 24,914 25,868 Energy trading contracts 12(c) 71,614 117,423

Accounts receivable 8 297,839 118,576 Other financial instruments 12(c) 5,388 -

Project advances 9 18,044 12,270 Personnel and related contributions payable 15 50,702 58,147

Short term investments 12(a) 54,587 5,111 Other current liabilities 18 247,760 63,747

Energy trading contracts 12(c) 94,463 133,281 Consideration payable from acquisition 21(b) 117,670 118,459

Other financial instruments 12(c) - 1,194 Carried interest allocation 23(a) 22,141 19,330

Current assets 573,760 405,266 Current liabilities 553,761 415,011

Accounts receivable 8 18,819 95,392 Energy trading contracts 12(c) 34,048 32,456

Long-term investments 12(b) 51,385 44,527 Other non-current liabilities 18 18,854 88,125

Energy trading contracts 12(c) 38,414 46,217 Deferred tax liabilities 19 56,184 52,363

Other financial instruments 12(c) 6,773 6,372 Gross obligation under put option 21(c) 55,334 24,577

Property and equipment 13 46,648 42,367 Consideration payable from acquisition 21(b) 119,738 65,975

Intangible assets 14 1,063,283 824,151 Carried interest allocation 23(a) 6,849 8,315

Non-current assets 1,255,151 1,089,843 Non-current liabilities 636,104 446,679

Additional paid-in capital 29(b) 608,264 589,404

Cumulative translation adjustment 29(h) (28,435) (24,316)

Equity attributable to the owners of the Company 563,589 611,750

Non-controlling interests 29(i) / 4 75,457 21,669

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

Condensed Consolidated Statement of Income (unaudited)

For the three and six-month periods ended June 30, 2026, and 2025

(In thousands of United States dollars - US$, except earnings per share)

Three-month periods ended June 30, Six-month periods ended June 30,

Carried interest allocation 23 - (897) - (897)

Deferred consideration expenses (1,350) (865) (2,745) (1,606)

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

Condensed Consolidated Statement of Comprehensive Income (unaudited)

For the three and six-month periods ended June 30, 2026, and 2025

(In thousands of United States dollars - US$)

Three-month period ended June 30, Six-month period ended June 30,

Items that are or may be reclassified to net income

Currency translation adjustment (4,593) 16,178 (930) 43,707

Non-controlling interests 10,331 (486) 9,537 304

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial

Condensed Consolidated Statement of Changes in Equity (unaudited)

For the six-month periods ended June 30, 2026, and 2025