Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 149

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 149
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Profit for the year (i) 120,469 149,086 108,697
Income tax expense 12 30,550 29,428 11,586
Inflation adjustment 11 6,655 12,537 1,037
Finance income 11 ( 66,875 ( 128,228 ( 18,078
Finance costs 11 49,701 116,834 24,668
Other operating loss 5,257 - 697
Impairment (gain) / loss on financial assets (ii) 16, 17 440 ( 3,136 5,534
Depreciation and amortization 10 17,177 12,225 8,147
Secondary offering expenses (iii) - - 89
Other non-recurring costs (iv) 1,571 1,663 2,014
Share-based payment non-cash charges, net of forfeitures 13 23,780 11,922 8,684
Adjusted EBITDA 188,725 202,331 153,075
Revenues 6 745,974 650,351 418,925
Adjusted EBITDA 188,725 202,331 153,075
Adjusted EBITDA Margin 25.3 31.1 36.5
Profit Margin 16.1 22.9 25.9
(i)
Includes a net gain related to the effective portion of the change in the spot rate of the hedged foreign currency risk. For further information refer to Note 22 Derivative financial instruments.
(ii)
Related to USD
3.4
million in
2023 corresponds to a recovery on deposits in FTX Trading Ltd.
as compared to a provision of USD
5.6
million in
2022 for expected loss of amounts on deposit in FTX Trading Ltd.
(iii)
Corresponds to expenses incurred by dLocal in relation to a secondary offering of its shares occurred in 2021.
(iv)
Other non-recurring costs consist of costs not directly associated with our core business activities, including co
sts associated with addressing the allegations made by a short-seller report and certain class action and other legal and regulatory expenses (which include fees from counsel, global expert services and a forensic accounting advisory firm) in 2023 and 2024.

The Group’s revenue, results and assets