Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 150

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 150
---
 for this one reportable segment can be determined by reference to the consolidated statement of income and of comprehensive income and consolidated balance sheet. Disaggregated information is only reviewed at the revenue level with no corresponding detail at any margin or profitability levels.
As required by IFRS 8: Operating Segments, below are presented applicable entity-wide disclosures related to dLocal’s revenues.
Disaggregated Revenue by region
The Group derives its revenues from delivering services to international merchants (mainly in the United States, Europe, and China), enabling them to receive payments and facilitate payments in emerging markets. The Group has operations in more than40 countries, where its merchant customers operate.
The following table presents the Group’s revenue by region based on the country in which the end users of our merchant customers executed their payments. This presentation does not imply that revenue is generated, sourced, or subject to taxation in the respective country. Revenue recognition is based on IFRS principles and reflects the contractual relationships between the Group, its merchants, and its operating companies. For financial reporting purposes, regions are disclosed separately only if payments from/to merchant customers in a given region represented at least10% of Total Revenues during the preceding four quarters.
──────────────────────────────────────────────────────────
LatAm 562,183 492,681 345,360
Brazil 151,959 158,997 84,025
Argentina 85,454 75,128 77,577
Mexico 149,249 116,835 68,000
Chile 51,166 55,666 52,464
Other countries 124,355 86,055 63,294
Non-LatAm 183,791 157,670 73,565
Nigeria 13,310 83,969 33,805
Egypt 93,951 36,662 6,979
Other countries 76,530 37,039 32,781
Total 745,974 650,351 418,925

F-27

During the years ended December 31, 2024, 2023 and 2022, the Group hadnorevenues from customersdomiciled in the Cayman Islands. The Group’s revenues are derived from payment processing services provided to merchants, regardless of the geographic location of their customers. As previously stated, dLocal does not engage with or provide services directly to the end-users of its merchants.
Revenue with large customers
During the year ended December 31,