Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 160

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 160
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 share
The Group calculates basic and diluted earnings per share as discussed in Note 2.13: Equity. The calculations performed to derive basic and diluted EPS during the years ended December 31, 2024, 2023 and 2022 are as follows:
2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Profit attributable to common shareholders (U. S. Dollars) 120,416,000 148,964,000 108,682,969
Weighted average number of common shares 290,014,019 291,982,305 295,623,702
Adjustments for calculation of diluted earnings per share(1) 15,122,271 10,976,123 17,514,944
Weighted average number of common shares for calculating diluted earnings per share 305,136,290 302,958,428 313,138,646
Basic earnings per share 0.42 0.51 0.37
Diluted earnings per share 0.39 0.49 0.35
(1)As of December 31, 2024, reflects to the dilutive effect of i) 8,129,577 average shares related to share-based payment warrants ( 8,560,918 and 14,865,332, respectively for the years ended December 31, 2023 and December 31, 2022 ); and ii) 6,992,694 average shares related to share-based payment plans with employees ( 2,415,205 and 2,649,612, respectively for the years ended December 31, 2023 and December 31, 2022 ).

14.
Cash and cash equivalents
As of December 31, cash and cash equivalents were as follows:
2024 2023
────────────────────────────────────────────────────
Own Balances 189,029 222,808
Merchant Clients Funds 236,143 313,352
Total 425,172 536,160
The Group reported cash on hand, demand deposits and other short-term liquid financial instruments of USD425,172 as of December 31, 2024, (USD536,160 on December 31, 2023).

F-34

Own Balances represent the Group’s cash and cash equivalents, while Merchant Clients Funds includes freely available funds collected from merchant customers, that can be invested