MONTEVIDEO, Uruguay, Sept. 05, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”), (NASDAQ:DLO) a technology-first payments platform, today announced the closing of a previously announced secondary offering of 17,250,000 Class A common shares (including 2,250,000 Class A common shares pursuant to the full exercise of the underwriters’ option) by an entity associated with General Atlantic at a price to the public of $12.75 per share. The Company is not selling any Class A common shares in the offering and wi ...

Group 1 - dLocal Limited announced a secondary offering of 15,000,000 Class A common shares at a price of $12.75 per share, with no proceeds going to the company [1] - The offering is expected to close on September 5, 2025, subject to customary closing conditions [1] - Underwriters have a 30-day option to purchase an additional 2,250,000 Class A common shares from the Selling Shareholder at the public offering price [1] Group 2 - The offering is being managed by an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley, with BTG Pactual and Citigroup as joint bookrunners [2] - dLocal has filed an automatically effective shelf registration statement with the SEC for the offering [3] Group 3 - dLocal operates a technology-first payments platform that connects global enterprise merchants with consumers in over 40 emerging market countries across Africa, Asia, and Latin America [5] - The "One dLocal" platform allows global companies to manage payments, pay-outs, and fund settlements without needing multiple local entities or payment processors [5]

Core Viewpoint - dLocal Limited has initiated a secondary offering of 15,000,000 Class A common shares, with no proceeds going to the company itself [1] Group 1: Offering Details - The offering is led by an entity associated with General Atlantic, and dLocal will not sell any shares in this offering [1] - The Selling Shareholder plans to provide underwriters with a 30-day option to purchase an additional 2,250,000 Class A common shares at the public offering price [2] - The underwriting group includes J.P. Morgan, Goldman Sachs & Co. LLC, and Morgan Stanley as global coordinators and joint bookrunners, along with BTG Pactual and Citigroup as joint bookrunners [2] Group 2: Regulatory Information - dLocal has filed an automatically effective shelf registration statement with the SEC for this offering [3] - Interested investors are encouraged to read the prospectus and related documents filed with the SEC for comprehensive information [3] Group 3: Company Overview - dLocal operates a technology-first payments platform that facilitates local payments in emerging markets, connecting global merchants with consumers in over 40 countries across Africa, Asia, and Latin America [5] - The "One dLocal" platform allows global companies to manage payments, payouts, and fund settlements without needing multiple local entities or payment processors [5]

Core Viewpoint - dLocal Limited has appointed Guillermo López Pérez as the new Chief Financial Officer, enhancing its leadership team and supporting its growth strategy in the cross-border payments sector [1][2][4]. Group 1: Appointment Details - Guillermo López Pérez will join dLocal in the coming months and will report directly to CEO Pedro Arnt [1]. - The appointment is seen as a strategic move to strengthen dLocal's leadership, with Guillermo bringing over 25 years of experience in finance and payments from companies like Visa and American Express [2][4]. Group 2: Guillermo's Background - Guillermo has previously served as CFO at Featurespace, focusing on fraud prevention, and held leadership roles at Tink and Visa's Continental Europe business [2]. - His extensive experience includes a 13-year tenure at American Express, where he held various leadership positions [2]. Group 3: Company Strategy and Vision - Guillermo expressed enthusiasm about contributing to dLocal's growth in emerging markets and strengthening its position in the cross-border payments sector [3]. - The company aims to drive growth, enhance operational excellence, and deliver long-term value to stakeholders [3][4]. Group 4: Company Overview - dLocal operates a technology-first payments platform that connects global enterprise merchants with consumers in over 40 emerging market countries across Africa, Asia, and Latin America [5]. - The "One dLocal" platform allows global companies to manage payments, pay-outs, and fund settlements efficiently without needing multiple local entities or payment processors [5].

Core Insights - dLocal achieved a record Total Payment Volume (TPV) of US$9.2 billion in Q2 2025, marking a 53% year-over-year increase and a 14% increase from Q1 2025 [7][11] - The company reported strong financial performance with significant growth in revenue, gross profit, and adjusted EBITDA, reflecting a healthy business model [5][10] - dLocal's management has updated its full-year 2025 guidance, indicating optimism based on strong performance in the first half of the year [2][6] Financial Performance - Revenue for Q2 2025 reached US$256.5 million, up 50% year-over-year from US$171.3 million in Q2 2024 [10][11] - Gross profit was US$98.9 million, representing a 42% increase compared to US$69.8 million in Q2 2024 [10][11] - Adjusted EBITDA for the quarter was US$70.1 million, a 64% increase from US$42.7 million in Q2 2024, with an adjusted EBITDA margin of 27% [10][11] Cash Flow and Liquidity - dLocal generated US$48 million in free cash flow for Q2 2025, a 156% increase year-over-year [10][11] - As of June 30, 2025, the company had US$476.9 million in cash and cash equivalents, including US$253.8 million in corporate cash [10][11] Market and Operational Highlights - The company experienced solid results in Brazil and Mexico, with the fastest growth occurring in other geographies, leading to increased diversification [1][7] - dLocal's operational leverage improved, with adjusted EBITDA over gross profit increasing to 71% for Q2 2025, marking the fifth consecutive quarter of improvement [1][10] Governance and Strategic Initiatives - dLocal is transitioning to a majority independent Board of Directors and has initiated the search for additional independent directors [8] - The company plans to cancel treasury shares, highlighting its commitment to returning excess capital to shareholders [8]

Core Viewpoint - dLocal Limited has appointed Will Pruett as an Independent Board Member and member of the Audit Committee, effective July 1, 2025, to enhance the Board's guidance on growth and scalability [1][2][3] Group 1: Appointment Details - Will Pruett brings extensive expertise in capital markets and emerging markets, which will be crucial for dLocal's expansion and stakeholder value delivery [2][3] - Pruett has a notable background, including 16 years at Fidelity Investments managing various funds focused on Latin America and emerging markets, and prior experience at HSBC [2] - His appointment reflects dLocal's commitment to effective governance and diverse perspectives in driving growth strategies [3] Group 2: Board Changes - Mariam Toulan's term as Independent Director will conclude on June 30, 2025, and the company expresses gratitude for her contributions during her tenure [4] Group 3: Company Overview - dLocal operates a technology-first payments platform that connects global enterprise merchants with consumers in over 40 emerging market countries across Africa, Asia, and Latin America [5] - The "One dLocal" platform allows global companies to manage payments, pay-outs, and fund settlements without the complexity of multiple local entities and payment processors [5]

Core Insights - dLocal achieved record highs in key financial and operational metrics for Q1 2025, including Total Payment Volume (TPV), revenue, and gross profit [2][6][8] Financial Performance - Total Payment Volume (TPV) reached US$8.1 billion, representing a 53% year-over-year increase and a 5% quarter-over-quarter increase [2][6][8] - Revenue for the quarter was US$216.8 million, up 18% year-over-year and 6% quarter-over-quarter [2][6][8] - Gross profit was US$84.9 million, a 35% increase compared to Q1 2024 [2][6][8] - Adjusted EBITDA was US$57.9 million, reflecting a 57% year-over-year increase [2][10][12] - Net income for Q1 2025 was US$46.7 million, a significant increase of 163% compared to Q1 2024 [10][12][14] Operational Efficiency - Adjusted EBITDA margin improved to 27%, up from 20% in Q1 2024 [10][12] - Free cash flow for the quarter was US$39.7 million, a 200% increase year-over-year [10][12] - The company maintained a strong cash position with US$511.5 million in cash and cash equivalents as of March 31, 2025 [10][12][15] Strategic Execution - The management team effectively leveraged existing merchant relationships and established new partnerships, contributing to the strong financial performance [5][10] - The company focused on expanding its license portfolios through its legal and regulatory teams [5][10] Market Position - dLocal operates in over 40 countries across Africa, Asia, and Latin America, connecting global enterprise merchants with emerging market consumers [19][20]