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Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [abstract]  
Summary of share capital
As of December 31, 2022 and December 31, 2021, the issued share capital was distributed as follows:
20222021
SharesCapital
(US$)		SharesCapital
(US$)
Total147,192,93014,720 147,192,93014,720 
Class A54,247,5005,425 54,247,5005,425 
Class B92,945,4309,295 92,945,4309,295 
Summary of additional paid-in capital
The Additional Paid-in Capital amounts recorded as of December 31, 2022 and December 31, 2021 are presented below:
20222021
Class A299,078 299,078 
Class B186,102 186,102 
Total485,180 485,180 
Summary of dividends paid by the group
Dividends declared and paid by the Group to the Company’s shareholders for the year ended December 31, 2022, 2021 and 2020 were:
Shareholder202220212020
US$*US$*US$*
Class A38,082 0.7020 38,462 0.7090 — — 
Class B65,247 0.7020 58,067 0.6247 84,188 0.7196 
Total103,329 0.7020 96,529 0.6558 84,188 0.7196 
Summary of PSU activity for the period
IPO GrantGrant A
Number of PSUs (in thousands)
Outstanding December 31, 2020——
Granted289—
Forfeited(79)—
Outstanding December 31, 2021210—
Granted—85
Forfeited(26)—
Outstanding, December 31, 202218485
LTIPGrant dateWeighted-average fair value in US$
IPO grantJanuary 22, 2021$15.95
Grant ADecember 1, 2022$9.15
Summary of earnings per share
202220212020
Net income for the year attributable to the Owners of the Company92,957 122,476 62,209 
Basic weighted average number of shares147,221,698135,983,968117,000,000
Basic earnings per thousand shares0.63141 0.90066 0.53170 
Diluted weighted average number of shares147,226,334 135,983,968 117,000,000 
Diluted earnings per thousand shares0.63139 0.90066 0.53170 
Summary of the subsidiary with non-controlling interests
As of December 31, 2022, the Group had one subsidiary with non-controlling interests from the acquisition of 50% of VBI Real Estate Gestão de Carteiras S.A. on July 1, 2022 (note 29). As of December 31, 2021, the Group had no non-controlling interests in subsidiaries.
Equity(*)Income (Loss) (*)
Interest202220212020202220212020
Non-controlling interest in Patria Investimentos Ltda49 %— — 1,758 — (1,285)(369)
Non-controlling interest in VBI Real Estate Gestão de Carteiras S.A.50 %(39,330)— — 1,147 — — 
*From June 1, 2021 Patria Investments Limited holds 100% of Patria Investimentos Ltda.
Summary of financial information of subsidiary
Summarized Condensed Statement of Financial PositionVBI
December 31, 2022
Current assets6,647 
Current liabilities(3,703)
Current net assets2,944 
Non-current assets27,425 
Non-current liabilities(605)
Non-current net assets26,820 
Net assets29,764 
Summarized Condensed Income Statement and Condensed Statement of Comprehensive IncomeVBIAllocated to NCI
6 month period between July 1, 2022 and December 31, 20226 month period between July 1, 2022 and December 31, 2022
2022
Net revenue from services5,406 2,703 
Revenue from management fees5,858 2,929 
Taxes on revenue(452)(226)
Personnel expenses(1,008)(504)
Amortization of intangible assets(630)(315)
General and administrative expenses(766)(383)
Share of profits of associates(125)(63)
Net financial income/(expenses)125 63 
Income before income tax3,002 1,501 
Income taxes(708)(354)
Current(608)(304)
Deferred(100)(50)
Net income for the period2,294 1,147 
Other comprehensive income— 1,284 
Total comprehensive income2,294 2,431 
VBI – Non-controlling interestVBI
December 31, 2022
Net assets and proportion of share of identifiable assets on acquisition13,729 
Net income since acquisition1,147 
Gross obligation under put option(55,490)
Cumulative translation adjustment1,284 
Accumulated NCI(39,330)