Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 153

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 153
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(iv)
Represents expenses incurred to monitor the security of our network and platform.

8.
Sales and marketing expenses and General and administrative expenses
Sales and marketing expenses and General and administrative expense are comprised of the following:
Sales and marketing expenses 2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────
Salaries and wages (i) 18,130 13,344 10,800
Marketing expenses (ii) 3,496 3,776 2,535
Total 21,626 17,120 13,335
General and administrative expenses 2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────────────
Salaries and wages (iii) 54,931 36,727 24,697
Third-party services (iv) 22,600 18,500 12,431
Other operating expenses (v) 23,694 15,341 11,215
Total 101,225 70,568 48,343
(i)
Represents salaries and wages related to FTEs the Group’s Sales and marketing department. For further detail on total salaries and wages refer to Note 9: Employee Benefits.
(ii)
Represents expenses related to trade marketing events, the distribution and production of marketing and advertising campaigns mostly related to public relations expenses, third-party sales commissions, and online performance marketing.
(iii)
Represents salaries and wages related to administrative FTEs. For further detail on total salaries and wages refer to Note 9: Employee Benefits.
(iv)
Includes Advisors’ fees, Legal fees, Auditors’ fees and Human resources’ fees.
(v)
Includes office rent and related expenses, amortization of right-of-use assets, intangible assets and depreciation of property, plant and equipment, taxes, travel and other expenses.

9.
Employee Benefits
Employee benefits costs were comprised of the following:
2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────────────────
Salaries, wages and contractor fees (i) 84,754 62,900 42,550
Share-based payments (ii) 23,780 11,922 8,684
Total 108,534 74,822 51,234
(i)
Salaries, wages and contractor fees include social security costs and annual bonuses. During the year end December 31, 2024,
USD