Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 6

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 6
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 of this prospectus supplement. In addition, we will provide at no cost to each person, including any
beneficial owner, to whom this prospectus supplement has been delivered, upon the written or oral request of any such person to us, a
copy of any or all of the documents referred to above that have been or may be incorporated into this prospectus supplement by reference,
including exhibits to such documents. Requests for such copies should be directed to: DLocal Limited, Dr. Luis Bonavita 1294, Montevideo,
Uruguay 11300, Tel: +1 (424) 392-7437.

<div align='center'>S-iv

NON-IFRS FINANCIAL
MEASURES</div>

Special Note Regarding Non-IFRS Accounting Standards Financial
Measures

Non-IFRS accounting standards financial measures
do not follow generally accepted accounting principles, and as such, do not follow IFRS. In this prospectus supplement, we report our
Adjusted Operating Profit, Adjusted Operating Profit to Gross Profit, and Adjusted Free Cash Flow. These non-IFRS accounting standards
measures, however, do not have standardized meanings and may not be directly comparable to similarly-titled measures adopted by other
companies. Potential investors should not rely on information not recognized under IFRS accounting standards as a substitute for the IFRS
accounting standards measures of earnings or liquidity in making an investment decision

Adjusted Operating Profit and Adjusted Operating Profit to Gross Profit

We calculate “Adjusted Operating Profit”
for purposes of this prospectus supplement as operating profit for the period, plus the depreciation and amortization. We calculate “Adjusted
Operating Profit to Gross Profit” for a period by dividing Adjusted Operating Profit for the corresponding period by gross profit.

Management uses Adjusted Operating Profit and
Adjusted Operating Profit to Gross Profit as supplemental measures that we believe are useful to investors to compare our operating results
to the operations of other companies in our industry. We measure our operating segment’s financial performance by our Revenues,
Adjusted EBITDA and Adjusted EBITDA Margin, and we use these metrics to make decisions about allocating resources, as disclosed in our
2Q25 Financial Statements and 2024 Form 20-F. Adjusted Operating Profit and Adjusted Operating Profit to Gross Profit are not financial
measures recognized under IFRS accounting standards and do not purport to be an alternative to profit or total comprehensive income for
the period as a measure of operating performance or to