dLocal Reports 2025 Second Quarter Financial Results

TPV at record high of US$9.2 billion, growing more than 50% YoY for the third consecutive quarter.
Brazil and Mexico posted solid results, while growth remains fastest in the rest of our geographies, leading to increased diversification.
Consistent operational leverage with Adjusted EBITDA over Gross Profit increasing for the fifth straight quarter (71% for the second quarter of 2025).
Continued strong cash flow generation with US$48 million of FCF (free cash flow).
Upward adjustment on our full-year 2025 guidance for TPV, Revenue, Gross Profit and Adjusted EBITDA.

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