Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 13

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 13
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 machine learning to help prevent fraud, improve routing for conversion, cost and speed, and detect unusual patterns; and workforce tools that may improve employee productivity.

Our success is reflected in our rapid growth and strong profitability. dLocal earns revenue from fees charged to our merchants in connection with payment processing services for cross-border and local-to-local payment transactions in emerging markets. These fees are primarily generated on a per approved transaction basis as either a fixed fee per transaction or fixed percentage per transaction. The fees include a processing fee, as well as an FX service fee earned on payments involving conversion of currencies and expatriation of funds to and from various currencies, including the U.S. dollar and the Euro. The fees charged also include installment fees, chargebacks and refund fees, as well as other fees, such as initial set up fees, minimum monthly fees, maintenance fees, and small transfer fees. Our TPV was US$17.3
billion for the six-month period ended June 30, 2025, representing an increase of 53% compared to the six-month period ended June 30,
2024. Our total consolidated revenues were US$473.2 million for the six-month period ended June 30, 2025, representing an increase of
33% as compared to the six-month period ended June 30, 2024. Our TPV was US$25.6 billion, US$17.7 billion and US$10.6 billion for the
years ended December 31, 2024, 2023, and 2022, respectively, representing an increase of 44.7% when comparing 2024 to 2023 and an increase
of 67.3% when comparing 2023 to 2022. Our total consolidated revenues were US$746.0 million, US$650.4 million and US$418.9 million for
the years ended December 31, 2024, 2023, and 2022, respectively, representing an increase of 14.7% when comparing 2024 to 2023 and an
increase of 55.2% when comparing 2023 to 2022.

We believe our asset-light operating model with
low capital requirements allows for continuous reinvestment to drive top line growth. Our strong profitability and cash flow generation
is due in large part to our solving of the complex payments problems on behalf of our merchants in underserved geographies. Our Adjusted
EBITDA Margin was 27.