Slide 1: Earnings Release 2Q25
Earnings Release 2Q25
Slide 2: Lin .
Lin . Highlights = ’ = Shareholders. Tech Update Se; Business HiShight’ Financial Highlights Appendix dLocal reports in US dollars and in accordance with IFRS as issued by the IASB Montevideo, Uruguay, August 13, 2025 — DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a technology - fi
Slide 3: Key Business Highlights
2Q25 Earnings Release Key Business Highlights Total Payment Volume billions 2Q25 1Q25 2Q24 6.0 Revenue millions 2025 Es 256 1Q25 217 2Q24 171 Gross Profit millions 2025 99 1925 85 2024 70 Adjusted EBITDA millions 2025 70 1025 58 2924 43 EBITDA millions 2025 6 1Q25 51 2924 34 TPV at record high of $9
Slide 4: Letter to Shareholders
2Q25 Earnings Release Letter to Shareholders PEDRO ARNT CEO dLocal We are pleased to report another quarter of solid growth and disciplined execution, with significant acceleration across our key financial metrics. These results are a testament to our high-growth, expanding margin, and healthy free
Slide 5: Letter to Shareholders
2Q25 Earnings Release / Letter to Shareholders We also welcome Christopher Stromeyer, who joined in June as SVP of Corporate Development and also leads our Investor Relations team. Finally, we are announcing significant changes regarding our corporate governance and capital structure. After a full r
Slide 6: f Z y] ¢ ‘
2Q25 Earnings Release f Z y] ¢ ‘
Slide 7: Tech & Commercial Update
2Q25 Earnings Release / Tech & Commercial Update Technology Update We continue to increase our pace of investment in product innovation. Below are the key highlights from the last three months of deployments: APMs innovation - SmartPix: we launched SmartPix in Brazil. This first in the market ground
Slide 8: 2Q25 Earnings Release
2025 Earnings Rele
Slide 9: Business highlights
2Q25 Earnings Release / Business highlights Pay-ins TPV US$6 4p A+50% YoY A+18% QoQ Pay-ins reaching the milestone of $6B, with strong performance in commerce, on-demand delivery, ride-hailing, SaaS and streaming verticals. Cross-border TPV US$4 7B A+75% YoY A+11% QoQ QoQ results mainly driven by co
Slide 10: Business highlights
2Q25 Earnings Release / Business highlights The tables below present the breakdown of dLocal’s TPV by product and type of flow: In millions of US$ except for % Pay-ins Pay-outs Total TPV In millions of USS except for % Cross-border Local to Local Total TPV 2025 6,395 2,816 9,212 2025 4,719 4,493 9,2
Slide 11: Financial highlights
iz 2Q25 Earnings Release 11 Financial highlights | ,
Slide 12: Financial highlights
2Q25 Earnings Release / Financial highlights = Total Payment Volume (“TPV”) reached a record US$9.2 billion in the second quarter, up 53% year-over-year compared to USS6.0 billion in the second quarter of 2024 and up 14% compared to USS$8.1 billion in the first quarter of 2025. In constant currency,
Slide 13: Financial highlights
2Q25 Earnings Release / Financial highlights = Our effective income tax rate increased to 16% from 10% last quarter, as a result of higher local-to-local share of pre-tax income. As mentioned in the previous quarter, the effective tax rate in the first quarter of 2025 was favorably impacted by a one
Slide 14: 2025 guidance update
2Q25 Earnings Release / Financial highlights 14 2025 guidance update Our updated guidance reflects the strong = Shifting fiscal regimes in Brazil. performance in the first half of the year and the sustained momentum anticipated across our = The potential for currency devaluations and/or business. Wh
Slide 15: Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin
2Q25 Earnings Release / Financial highlights 15 Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin dLocal has only one operating segment. dLocal measures its operating segment's performance by Revenues, Adjusted EBITDA and Adjusted EBITDA Margin, and uses these metrics to make decisio
Slide 16: Special note regarding Adjusted Net Income
2Q25 Earnings Release / Financial highlights Special note regarding Adjusted Net Income Adjusted Net Income is a_non-IFRS financial measure. As used by dLocal, Adjusted Net Income is defined as the profit for the period (net income) excluding impairment gains/(losses) on financial assets, transactio
Slide 17: Reconciliation of constant currency measures to reported results
2Q25 Earnings Release / Financial highlights 17 Reconciliation of TPV, Revenue and Gross profit constant currency measures to reported results Constant currency revenue is a non-IFRS financial measure. Constant currency measures are prepared and presented to eliminate the effect of foreign exchange,
Slide 18: Earnings per share calculation
We calculate basic earnings per share by dividing the profit attributable to owners of the group by the weighted average number of common_ shares outstanding during the three-month and six-month periods ended June 30, 2025 and 2024. The following table presents the information used as a basis for th
Slide 19: Appendix
2Q25 Earnings Release : i ii | ' Appendix iii. Peal | 5 my & . Bet, i | ee fi 4 de a! A i! “Si ce SSS Mp il at WANG:
Slide 20: Definition of selected operational metrics
2Q25 Earnings Release / Appendix Definition of selected operational metrics API > means application programming interface, which is a general term for programming techniques that are available for software developers when they integrate with a particular service or application. In the payments indus
Slide 21: Consolidated Statements of Comprehensive Income
2Q25 Earnings Release / Appendix dLocal Limited Certain financial information. Consolidated Statements of Comprehensive Income for the three-month and six-month periods ended June 30, 2025 and 2024 All amounts in thousands of U.S. Dollars except share data or as otherwise indicated Continuing operat
Slide 22: Consolidated Statements of Financial Position
2Q25 Earnings Release / Appendix 22 dLocal Limited Certain financial information. Consolidated Statements of Financial Position as of June 30, 2025 and June 30, 2024 All amounts in thousands of U.S. dollars Three months ended June 30 2025 2024 June 30, 2025 June 30, 2024 ASSETS Current Assets Cash a
Slide 23: Consolidated Statements of Cash Flows
2Q25 Earnings Release / Appendix 23 dLocal Limited Certain interim financial information. Consolidated Statements of Cash flows for the three-month and six-month periods ended June 30, 2025 and 2024 All amounts in thousands of U.S. dollars Three months ended June 30 Six months ended June 30 2025 202
Slide 24: Conference call and webcast
2Q25 Earnings Release Conference call and webcast dLocal’s management team will host a conference call and audio webcast on August 13, 2025 at 5:00 p.m. Eastern Time. Please click here to pre-register for the conference call and obtain your dial in number and passcode. The live conference call can b
Slide 25: Forward-looking statements
25 Forward-looking statements This press release contains certain forward-looking statements. These forward-looking statements convey dLocal's current expectations or forecasts of future events, including guidance in respect of total payment volume, revenue, gross profit and Adjusted EBITDA. Forward
Slide 26: Investor Relations Contact
d-local Investor Relations Contact investor@dlocal.com Media Contact media@dlocal.com This press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” nor a financial statement as d