The earnings call highlighted strong financial performance with record revenue and gross profit, significant TPV growth, and strategic advancements in partnerships and technology. However, challenges such as declines in Brazil's revenue and increased costs in certain markets were noted. The announcement of a dividend policy reflects confidence in cash generation capabilities.

Company Guidance -

Q2 2025

During dLocal's First Quarter 2025 Results Call, several key financial and operational metrics were highlighted, showcasing the company's robust performance. Total Payment Volume (TPV) reached $8 billion, representing a 53% year-over-year growth and a 5% quarter-over-quarter increase. The net retention rate of TPV was an impressive 144%. Revenue and gross profit hit record highs of $217 million and $85 million, respectively. The adjusted EBITDA to gross profit ratio improved slightly to 68%, reflecting effective scaling. Free cash flow to net income conversion was at 85%, underscoring a strong cash-generating model. The company noted significant growth in cross-border payment volumes and emphasized continued investments in technology and operations to support sustainable financial performance. They also announced a dividend policy, with a one-off dividend of $0.525 per share, reflecting a total outlay of $150 million, aligning with their strategy to deliver shareholder returns while maintaining flexibility for future growth opportunities.

Record Highs in Revenue and Gross Profit

Revenue reached a record high of $217 million, and gross profit also hit a record of $85 million, demonstrating strong operational performance.

Significant TPV Growth

Total Payment Volume (TPV) reached $8 billion, reflecting a 53% year-over-year growth or 72% in constant currency, and a 5% quarter-over-quarter increase.

Strong Geographic Diversification

Notable contributions from Chile, Pakistan, Nigeria, Turkey, Brazil, and other LatAm markets driven by cross-border payment volumes and sector growth in remittances, commerce, and streaming.

Strategic Partnerships and Technological Advancements

Strengthened partnerships with companies like Temu, Zepz, and Rappi. Technological advancements included AI and automation to improve efficiency, such as a 1.2 percentage point increase in conversion rates through machine learning models.

High Free Cash Flow Conversion

Free cash flow to net income conversion was 85%, showing strong cash generation capability.

Dividend Policy and Extraordinary Dividend

Announced a one-off dividend of approximately $0.525 per common share and a new policy providing annual dividends equal to 30% of the company's free cash flow.

DLocal (DLO) Earnings, Revenues Date & History

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DLO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2025	2025 (Q2)	0.13 / -	0.15	―	―	―
May 14, 2025	2025 (Q1)	0.12 / 0.17	0.06	191.67% (+0.11)
Feb 27, 2025	2024 (Q4)	0.15 / 0.10	0.1	0.00% (0.00)
Nov 13, 2024	2024 (Q3)	0.11 / 0.09	0.13	-30.77% (-0.04)
Aug 14, 2024	2024 (Q2)	0.09 / 0.15	0.15	0.00% (0.00)
May 14, 2024	2024 (Q1)	0.12 / 0.06	0.11	-45.45% (-0.05)
Mar 18, 2024	2023 (Q4)	0.15 / 0.10	0.06	66.67% (+0.04)
Nov 21, 2023	2023 (Q3)	0.15 / 0.13	0.1	30.00% (+0.03)
Aug 15, 2023	2023 (Q2)	0.13 / 0.15	0.1	50.00% (+0.05)
May 17, 2023	2023 (Q1)	- / -	0.08	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DLO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 14, 2025	$9.71	$10.72	+10.40%
Feb 27, 2025	$13.11	$9.11	-30.51%
Nov 13, 2024	$8.62	$9.72	+12.76%
Aug 14, 2024	$7.40	$7.66	+3.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.