Slide 1: Earnings Presentation 2Q26
d-local Earnings Presentation 2Q26
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements, These forward-looking statements convey Local's curent expectations or forecasts of future events, including ‘guidance in respect of total payment volume, gross profit and operating profit. Forwardiooking statements Fegarding dLocal and amoun
Slide 3: Guillermo Lopez
Guillermo Lopez Stn
Slide 4: d-local
d-local
Slide 5: Key takeaways
Key takeaways Broad-based, sustained growth, with significant opportunities ahead TPV reached nearly $18B, +92% YoY, marking the 7th consecutive quarter of 50%+ YoY growth and continued acceleration over the last 5 quarters Growth remained broad-based across verticals, geographies, products and flow
Slide 6: Sustained TPV momentum, with accelerating growth and diversified vertical exposure
Sustained TPV momentum, with accelerating growth and diversified di: vertical exposure TPVS billion, Yor growth = Consistent acceleration 7 consecutive quarters of 50%+ YoY growth and accelerating for5 = ad ZZ straight quarters = r aS 8 = Broad-based vertical - contribution Growthis diversified acro
Slide 7: Our platform is a key enabler of merchants' growth in Emerging Markets
Our platform is a key enabler of merchants’ growth in Emerging Markets d Tap. Trusted by 760+ global merchants® One platform, One integration removes the complexity of Tecate made simple fragmented local payment infrastructure 7 aofities leigent ae annnee Tplatform. ore ats eee Uber Obidi inbrive 60
Slide 8: We continue to deepen our relationships with merchants, with significant opportunities ahead
We continue to deepen our relationships with merchants, with d- significant opportunities ahead TPV bridge $bilon We are still only scratching the surface of the EM digital TPV retention rate: payments worl 180% in 1H26 | 188% in 2026 28 10 05 on 317 es = 2025TAM!: $2.1tn 2030 TAM’: $4.2tn =: DLO se
Slide 9: Our product and tech investments continue to broaden our platform
Our product and tech investments continue to broaden our platform, d enhance efficiency and unlock new revenue streams (3) Coverage & Performance @ Al & Automation ol) Value-added services Expanding our local payment reach Added 7 new APMs, bringing ourtotal offering to 217 APMs across 39 markets. A
Slide 10: Financial Highlights
Slide 11: Sustained growth momentum supports another strong quarter
Sustained growth momentum supports another strong quarter, with operating leverage and Adj. FCF conversion improving QoQ USS7.78 A#92% YoY 4+26% Qo ‘4+80% YoY cc! Record TPY, marking the 7th consecutive quarter (of 50%+ YoY growth and with § consecutive quarters of TPV growth accelerating oO, Operat
Slide 12: TPV sustained over 50%+ YoY growth for a 7th consecutive quarter
TPV sustained over 50%+ YoY growth for a 7th consecutive di: quarter, supported by broad-based expansion across verticals 77 131 & Reetating ee © vo a © FF Omdemand delivery iz: >) © oritances i e Ecommerce: | io e 2025 3025 4025 1026 2026 SB Seas | a -) fl Advertising | io C) TRV mixin 226 % of TV
Slide 13: Record gross profit driven by strong performance in Brazil and Argentina
Record gross profit driven by strong performance in Brazil and d Argentina Africa & Asia (A&A) BE Latin America See a epee memerere oo e- ee. ere miner, = cesgn) mee ig i = saa Sear anaes SDS 0001 AHO V0" merchant growth (ecommerce, ride-haling, ‘fdemand delvery) and loner advancement 103 ” costs. a
Slide 14: Operating leverage is beginning to kick in, with stronger improvement expected in 2H26
Operating leverage is beginning to kick in, with stronger di: improvement expected in 2H26 Operating profit evolution 3 [ +58 J 63 64 5 (56 ; 53 | 2025 3025 4025 1026 2026 rome @©OO00 cro @ os sae 2026 Eamings Presentation > 14
Slide 15: Net Income +28% YoY, with EPS growth supported by share buyback
Net Income +28% YoY, with EPS growth supported by share di: buyback, and Adj. FCF to Netincome at 125% Netincome evolution Adjusted free cash flow (Adj. FCF)? ‘$milfons ‘$millions [ee 7 69 be 38 il lil: | 2Q25 3025 4025 1026 2026 2025 3025 4025 1026 2026 uu © OO OO wun © OOOO ‘Sesrenbrt nossa eaitem
Slide 16: 2026 guidance update
2026 guidance update di: ‘Abo Lower va Upper New range PP upper a ev 50% -60% YoY 60%-70% Yor Gross profit 22.5%-27.5% YoY 25%- 30% YoY Operating profit 77.5% -32.5% YoY pausi Relevant trends > Continued strong TPV growth across multiple verticals and geographies, with large merchants having acceler
Slide 17: Nasdaq Top Fintech Companies recognition
UR, l > | / a, d-local a8 : nasdaq Congratulates | Saal! y 1 @ § dLocal Ltd, { B fy Named to the a ft - yg TOP Fintech Companies 24 7 oo PE inthe Payments Category d-local inet | | | DLO, Nasdaglistea vr | ee | ”
Slide 18: d-local
d-local
Slide 19: Adjusted Free Cash Flow reconciliation (cont.)
Adjusted Free Cash Flow reconciliation (cont.) Sin millions Net cash (used in} / generated from operating activities ‘Changes in working capital (merchant)" Capital expenditures? ‘Adjusted Free Cash Flow Net income ‘Adj FOF Conversion to Net income 2025 124 (68) ® 48 43 113% (48) @) 38 82 73% 17% 10
Slide 20: Adjusted Free Cash Flow reconciliation (cont. 2)
Adjusted Free Cash Flow reconciliation (cont. 2) d Working Capital (Corporate) reconciliation Sin millions 2025 3025 4a2s 1026 2026 ‘Decrease / (Increase) in Tade and Other Receivables (3) @) ® (70) (10) Decrease / (Increase in Other assets 1 1 0) a4) o Increase / (Decrease) in Trade and Other Payab
Slide 21: TPV breakdown
TPV breakdown bytype of product’ Inmillions of USS 2025 3025 4025 1026 2026 Paying 6395 7491 9.184 10118 13440 As % of total 69% 09% 70% 7% 76% Payouts 2816 3200 3923 3.938 4254 As % of total a8 31% 30% 28% 20% Total TV 9212 10390 13,107 14,088 17,694 bytype of iow? Inmilions of USS 2025 3025 4025 1
Slide 22: Revenue breakdown by geography
Revenue breakdown by geography, In millions of USS. 2025 3025 4025 1026 2026 Brazil 470 58.9 669 578 902 ‘Argentina 316 a4 598 612 689 “Mexico 487 459 547 557 747 Other Lata 78.4 88.0 929 878 928 Latin America 202.7 2343 2743 2625 3266 Africa & Asia 837 482 63.6 Ba 730 Total Revenue 256.5 2825 337.9
Slide 23: Gross profit breakdown by geography
Gross profit breakdown by geography In millions of US$ 2025 3025 4025 1026 2026 Brazil 243 298 344 278 308 Argentina 14a 8 83 185 197 Mexico 19 100 126 4 19 Other Latam 234 304 311 292 309 Latin America 736 as 86.4 847 102.2 Africa & Asia 253 a7 29.4 340 25.0 ‘otal Gross Profit 98.9 103.2 1158 187 1
Slide 24: Revenue concentration and Net Revenue Retention rate
Revenue concentration and Net Revenue Retention rate d Top 10 merchant revenue!($M) Revenue composition ($M) and concentration (%) 21 e 20 2 H 18 400 »™ —- | | | I ets 3 Ms 006 26 ©0000 | 2026 total exiting | New 2026 total | revenue Merchants; Merchants revenue % Share of total revenue ‘Sitesi esos
Slide 25: TPV, Revenue and Gross profit constant currency measures to reported results
TPV, Revenue and Gross profit constant currency measures to reported results d Asreported {nmillions of uss 2025 2026 YoY Gromth Pv 9212 7694 92% Revenue 256 400 56% Gross Profit 99 127 29% Constant currency measures Inmillions of uss 2025 2026 YoY Growth Pv 9212 16.562 80% Revenue 256 385 50% Gross
Slide 26: Gross Profit per Employee
Gross Profit per Employee d In thousand of US$ 2025 3025 4025 1026 2026 Gross Profit 9385 103,189 115,808 r1g684 127,180 FTE (Internal) 1187 1212 3272 1,299 1,308 Gross profit per employee 85 85 on on 98 2026 Eamings Presentation > 26
Slide 27: Monetization bridge
Monetization bridge d me 1s “sg wa va tei ht oe vel albicans Wheat Higher vue pocoa ter et sae tae em re taenatog realigned ‘renona ory ei en rn iby el ei ein tot er nw ee ng sea nasi oaass a
Slide 28: d-local
d-local