Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Operating Segments [Line Items]

Summary of Group Reconciles Adjusted EBITDA and Adjusted EBITDA Margin to Profit


	Note	December 31, 2023			December 31, 2022			December 31, 2021
Profit for the year (i)			149,086			108,697			77,853
Income tax expense	12		29,428			11,586			7,647
Inflation adjustment	11		12,537			1,037			334
Finance income	11		(128,228	)		(18,078	)		(2,540	)
Finance costs	11		116,834			24,668			544
Other operating loss / (gain)			—			697			(2,896	)
Impairment (gain) / loss on financial assets (ii)	16, 17		(3,136	)		5,534			33
Depreciation and amortization	10		12,225			8,147			4,747
Secondary offering expenses (iii)			—			89			5,158
Transaction costs (iv)			—			—			687
Other non-recurring costs (v)	8		1,663			2,014			—
Share-based payment non-cash charges, net of forfeitures	13		11,922			8,684			7,590
Adjusted EBITDA			202,331			153,075			99,157

Revenues	6		650,351			418,925			244,120
Adjusted EBITDA			202,331			153,075			99,157
Adjusted EBITDA Margin			31.1	%		36.5	%		40.6	%
Profit Margin			22.9	%		25.9	%		31.9	%

(i)

Includes a net gain of USD 17,433 related to the effective portion of foreign currency hedge, which has been presented on a net basis against a foreign exchange loss of USD 17,656 (together with a net foreign exchange loss of USD 223 included in Cost of Services). For further information refer to Notes 6(c)i, Note 11 (ii) and Note 24 Derivative financial instruments.

(ii)

USD 3,454 corresponds to a recovery on deposits in FTX Trading Ltd. as compared to a provision of USD 5,576 in 2022 for expected loss of amounts on deposit in FTX Trading Ltd. (see note 17.ii).

(iii)

Corresponds to expenses incurred by dLocal in relation to a secondary offering of its shares occurred in 2021.

(iv)

Corresponds to costs related to the acquisition of PrimeiroPay in 2021.

Other non-recurring costs related to an internal review of the allegations made by a short-seller report and class action expense, which include fees from independent counsel, independent global expert services and a forensic accounting advisory firm were included.

Summary of Payments from/to Such Customers


	2023		YoY%			2022		YoY%			2021
LatAm		492,681		42.7	%		345,360		54.5	%		223,602
Brazil		158,997		89.2	%		84,025		40.8	%		59,698
Argentina		75,128		-3.2	%		77,577		54.6	%		50,165
Mexico		116,835		71.8	%		68,000		103.7	%		33,376
Chile		55,666		6.1	%		52,464		43.7	%		36,497
Other countries		86,055		36.0	%		63,294		44.3	%		43,866
Non-LatAm		157,670		114.3	%		73,565		258.5	%		20,518
Nigeria		83,969		148.4	%		33,805		1762.5	%		1,815
Other countries		73,701		85.4	%		39,760		112.6	%		18,703
Total		650,351		55.2	%		418,925		71.6	%		244,120

During the years ended December 31, 2023, 2022 and 2021, the Group had no revenues from customers domiciled in the Cayman Islands.