Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 178

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 178
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Other price risk
The primary goal of the Group’s investment in debt securities is to hold such investments for short and long-term strategic purposes. Certain investments are designated as at FVPL because their performance is actively monitored and they are managed on a fair value basis.
Sensitivity analysis - Other price risk
The Group’s investments in debt securities are mainly listed on the Argentinean Stock Exchange (Bolsas y Mercados Argentinos - BYMA). For the investments classified as FVPL, the impact of a10% increase in the market price at the reporting date on profit or loss would have been an increase of USD12,931 after tax. An equal change in the opposite direction would have decreased profit or loss by USD12,931 after tax.
Foreign Currency Risk
The Group has significant operations internationally that are denominated in foreign currencies, primarily on emerging markets, subjecting the Group to foreign currency risk, which may impact the financial results. The Group transact business in various foreign companies and have significant international revenues and costs. The Group cash flows, results of operations and certain of our intercompany balances that are exposed to foreign exchange rate fluctuations may differ from expectations and it may record gain or losses due to foreign currency fluctuations.
As of December 31, 2024 and 2023 the Group is exposed to foreign currency risk on monetary amounts denominated in a currency other than the functional currency of the respective subsidiaries, which is mainly comprised by cash and cash equivalents, trade receivables and trade payables in the service providers in Latin America, Asia and Africa. The following table presents the top five currencies net balances:

F-49

Account Currency Amount % increase Amount % decrease Amount
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
2024 (Gain)/loss
Total net (assets)/liabilities Argentine peso 19,213 10% ( 1,921) - 10% 1,921
Brazilian real 34,509 10% ( 3,451) - 10% 3,451
Colombian peso 19,761 10% ( 1,976) - 10% 1,976
Mexican peso 47,423 10% ( 4,742) - 10% 4,742
Nigerian naira ( 23,939) 10% 2,394 - 10% ( 2,394)
Total 96,967 ( 9