DLocal Limited

Balance sheet resilience is strong. As of June 30, 2025, cash and cash equivalents totaled 476.9 million dollars, including 253.8 million dollars of corporate cash, after paying a 150 million dollar dividend in June. Borrowings were 56.8 million dollars with lease liabilities around 4.0 million dollars, indicating low leverage.

Free cash flow clocked 39.7 million dollars in 1Q25 and 48.4 million dollars in 2Q25. This liquidity should comfortably fund organic growth, selective M&A and shareholder returns through cycles.