Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.