Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 121

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 121
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 —       ( 1,600)  
  Interest payments on lease liability                                                             ( 501)          ( 578)         ( 177)  
  Principal payments on lease liability                                                            ( 552)        ( 1,103)         ( 386)  
  Finance expense paid related to derivative financial instruments                              ( 15,017)       ( 28,443)      ( 19,646)  
  Other finance expense paid                                                                     ( 1,450)        ( 5,971)       ( 2,251)  
  Net cash used in financing activities                                                         ( 68,587)      ( 133,871)      ( 27,327)  
  Net increase in cash flow                                                                    ( 119,123)          74,915        131,429  
  Cash and cash equivalents at the beginning of the year                                          536,160         468,092        336,197  
  Effects of exchange rate changes on inflation and cash and cash equivalents                       8,135        ( 6,847)            466  
  Cash and cash equivalents at the end of the year                                                425,172         536,160        468,092  

The accompanying notes are an integral part of these consolidated financial statements.

F-8

DLocal Limited

Notes to the Consolidated Financial Statements

At December 31, 2024

(All amounts in thousands of U. S. Dollars except share data or as otherwise indicated)

1.
General information and Significant Events of the year
1.1 General information
DLocal Limited(“dLocal” or the “ Company”) was established on October 5, 2016, as a limited liability holding company in Malta (together with its subsidiaries as the “ Group”.) On April 14, 2021, the Group was reorganized under dLocal and domiciled and incorporated in theCayman Islands. The Company holds a controlling financial interest in the Group.
The Group processes payment transactions, enabling merchants generally located in developed economies (mainly United States, Europe and China) to receive payments (“pay-ins”) from customers in emerging markets and to facilitate payments (“pay-outs”) to customers in emerging markets. As of the date these Consolidated Financial Statements were issued, the Group continued to focus on its geographic expansion, increasing the total number of in-network countries.
The Group processes local payments in emerging markets through its network of acquirers and payments processors. Through its partnership with financial institutions