dLocal Ltd 6-K, filed Aug 13, 2026

dLocal Ltd (DLO)

6-K 2026-08-13 For: 2026-06-30

View Original

Added on August 14, 2026

About this 6-K

dLocal Ltd filed this 6-K on August 13, 2026.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →



99.1						Press release dated August 1 3 , 2026 - dLocal Reports 2026 Second Quarter Financial Results

99.2						DLocal Limited Unaudited Consolidated Condensed Interim Financial Statements as of June 3 0 , 2026 and for the six-month and three -month period s ended June 3 0 , 2026 and 2025

99.3						Quarterly Report 2026 - dLocal Reports 2026 Second Quarter Financial Results

99.4						dLocal Q 2 2026 Earnings Presentation


			DLocal Limited

			By:			/s/ Guillermo López Pérez
			Name:			Guillermo López Pérez
			Title:			Chief Financial Officer


	Three months ended on June 30			Six months ended on June 30
	2026	2025	% change	2026	2025	% change
Key Performance metrics	(In millions of US$ except for %)
TPV	17,694	9,212	92%	31,749	17,319	83%
Revenue	399.7	256.5	56%	735.5	473.2	55%
Gross Profit	127.2	98.9	29%	245.8	183.8	34%
Gross Profit margin	32%	39%	-7p.p	33%	39%	-5p.p
Operating Profit	64.2	55.8	15%	116.9	101.6	15%
Operating Profit/Gross Profit	50%	56%	-6p.p	48%	55%	-8p.p
Net Income	54.8	42.8	28%	96.7	89.5	8%
Net Income margin	14%	17%	-3p.p	13%	19%	-6p.p


$ in thousands (except percentages)	Three months ended on June 30		Six months ended on June 30
	2026	2025	2026	2025
Net cash (used in ) / generated from operating activities	140,522	124,459	233,304	219,872
Changes in working capital (merchant)¹	(62,064)	(67,578)	(130,455)	(115,748)
Capital expenditures²	(9,910)	(8,434)	(19,649)	(15,946)
Adjusted Free Cash Flow	68,548	48,447	83,200	88,176


	Three months ended on June 30		Six months ended on June 30
	2026	2025	2026	2025
Continuing operations
Revenues	399,664	256,458	735,526	473,217
Cost of services	(272,514)	(157,573)	(489,692)	(289,453)
Gross profit	127,150	98,885	245,834	183,764

Technology and development expenses	(13,298)	(7,380)	(25,422)	(14,147)
Sales and marketing expenses	(9,892)	(4,842)	(19,811)	(11,977)
General and administrative expenses	(36,460)	(27,003)	(79,117)	(51,327)
Impairment (loss)/gain on financial assets	(1,430)	(1,415)	(2,210)	(1,801)
Other operating loss	(1,909)	(2,480)	(2,341)	(2,902)
Operating profit	64,161	55,765	116,933	101,610
Finance income	5,067	11,110	15,824	23,338
Finance costs	(2,757)	(14,895)	(8,355)	(20,154)
Inflation adjustment	(1,483)	(984)	(2,869)	(1,869)
Other results	827	(4,769)	4,600	1,315
Profit before income tax	64,988	50,996	121,533	102,925
Income tax expense	(10,213)	(8,188)	(24,822)	(13,450)
Profit for the period	54,775	42,808	96,711	89,475

Profit attributable to:
Owners of the Group	54,638	42,810	96,612	89,440
Non-controlling interest	137	(2)	99	35
Profit for the period	54,775	42,808	96,711	89,475

Earnings per share (in USD)
Basic Earnings per share	0.19	0.15	0.33	0.31
Diluted Earnings per share	0.18	0.14	0.33	0.30

Other comprehensive Income
Items that are or may be reclassified to profit or loss:	-
Exchange difference on translation on foreign operations	1,805	4,303	4,852	7,829
Other comprehensive income for the period, net of tax	1,805	4,303	4,852	7,829
Total comprehensive income for the period	56,580	47,111	101,563	97,304

Total comprehensive income for the period is attributable to:
Owners of the Group	56,520	47,010	101,462	97,184
Non-controlling interest	60	101	101	120
Total comprehensive income for the period	56,580	47,111	101,563	97,304


	2026	2025
	on June 30, 2026	on June 30, 2025
ASSETS
Current Assets
Cash and cash equivalents	794,943	476,939
Financial assets at fair value through profit or loss	79,214	125,526
Trade and other receivables	1,149,456	487,320
Derivative financial instruments	169	691
Other assets	25,055	29,888
Total Current Assets	2,048,837	1,120,364

Non-Current Assets
Trade and other receivables	24,737	14,698
Deferred tax assets	4,173	5,961
Property, plant and equipment	3,864	4,208
Right-of-use assets	2,752	4,124
Intangible assets	94,850	68,165
Goodwill	6,550	-
Other assets	5,782	3,792
Total Non-Current Assets	142,708	100,948
TOTAL ASSETS	2,191,545	1,221,312

LIABILITIES
Current Liabilities
Trade and other payables	1,554,943	691,081
Lease liabilities	1,113	1,201
Tax liabilities	19,351	14,330
Derivative financial instruments	1,928	2,555
Financial liabilities	64,632	56,806
Provisions	759	544
Total Current Liabilities	1,642,726	766,517

Non-Current Liabilities
Deferred tax liabilities	6,676	3,918
Lease liabilities	1,626	2,696
Total Non-Current Liabilities	8,302	6,615
TOTAL LIABILITIES	1,651,028	773,131


EQUITY
Share Capital	576	587
Share Premium	-	192,820
Treasury Shares	-	(200,980)
Capital Reserve	55,453	39,241
Other Reserves	(11,035)	(13,190)
Retained earnings	495,254	429,482
Total Equity Attributable to owners of the Group	540,248	447,960
Non-controlling interest	269	220
TOTAL EQUITY	540,517	448,180
TOTAL EQUITY AND LIABILITIES	2,191,545	1,221,312


Cash flows from investing activities
Acquisitions of Property, plant and equipment	(241)	(515)	(763)	(1,460)
Additions of Intangible assets	(9,669)	(7,919)	(18,886)	(14,486)
Acquisition of financial assets	(65,164)	(92,090)	(92,040)	(133,464)
Collections of financial assets	83,153	86,554	111,123	133,970
Interest collected from financial instruments	5,067	5,977	15,657	11,083
Cash acquired in a business combination	791	-	791	-
Payments for investments in other assets at FVPL	-	(2,500)	-	(12,500)
Net cash (used in) / generated investing activities	13,936	(10,493)	15,882	(16,857)

Cash flows from financing activities
Repurchase of shares	(75,940)	-	(86,062)	-
Share-options exercise paid	65	940	257	940
Dividends paid	(57,211)	(149,982)	(57,211)	(149,982)
Interest payments on lease liability	(53)	(41)	(110)	(82)
Principal payments on lease liability	382	(478)	(366)	(1,141)
Finance expense paid related to derivative financial instruments	601	(1,948)	(3,300)	(5,080)
Net proceeds from financial liabilities	(47,619)	6,224	(22,266)	12,014
Interest payments on financial liabilities	5,306	(3,835)	-	(6,001)
Other finance expense paid	591	(1,399)	(6,864)	(2,113)
Net cash used in by financing activities	(173,878)	(150,520)	(175,922)	(151,445)
Net increase in cash flow	(19,419)	(36,554)	73,264	51,570

Cash and cash equivalents at the beginning of the period	815,605	511,506	719,897	425,172
Net (decrease)/increase in cash flow	(19,419)	(36,554)	73,264	51,570
Effects of exchange rate changes on inflation and cash and cash equivalents	(1,243)	1,987	1,782	197
Cash and cash equivalents at the end of the period	794,943	476,939	794,943	476,939


DLocal Limited Unaudited Consolidated Condensed Interim Statements of Comprehensive Income for the six-month and three-month periods ended June 30, 2026 and 2025 (All amounts in thousands of U.S. Dollars except share data or as otherwise indicated)


		Six months ended		Three months ended
	Notes	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Continuing operations
Revenues	6	735,526	473,217	399,664	256,458
Cost of services	6	(489,692)	(289,453)	(272,514)	(157,573)
Gross profit		245,834	183,764	127,150	98,885

Technology and development expenses	7	(25,422)	(14,147)	(13,298)	(7,380)
Sales and marketing expenses	8	(19,811)	(11,977)	(9,892)	(4,842)
General and administrative expenses	8	(79,117)	(51,327)	(36,460)	(27,003)
Impairment (loss)/gain on financial assets	17	(2,210)	(1,801)	(1,430)	(1,415)
Other operating loss		(2,341)	(2,902)	(1,909)	(2,480)
Operating profit		116,933	101,610	64,161	55,765

Finance income	11	15,824	23,338	5,067	11,110
Finance costs	11	(8,355)	(20,154)	(2,757)	(14,895)
Inflation adjustment	11	(2,869)	(1,869)	(1,483)	(984)
Other results		4,600	1,315	827	(4,769)

Profit before income tax		121,533	102,925	64,988	50,996
Income tax expense	12	(24,822)	(13,450)	(10,213)	(8,188)
Profit for the period		96,711	89,475	54,775	42,808

Profit attributable to:
Owners of the Group		96,612	89,440	54,638	42,810
Non-controlling interest		99	35	137	(2)
Profit for the period		96,711	89,475	54,775	42,808

Earnings per share
Basic Earnings per share	14	0.33	0.31	0.19	0.15
Diluted Earnings per share	14	0.33	0.30	0.18	0.14

Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss:
Exchange difference on translation on foreign operations		4,852	7,829	1,805	4,303
Other comprehensive income for the period, net of tax		4,852	7,829	1,805	4,303
Total comprehensive income for the period		101,563	97,304	56,580	47,111

Total comprehensive income for the period is attributable to:
Owners of the Group		101,462	97,184	56,520	47,010
Non-controlling interest		101	120	60	101
Total comprehensive income for the period		101,563	97,304	56,580	47,111


	Notes	June 30, 2026	December 31, 2025
ASSETS
Current assets
Cash and cash equivalents	15	794,943	719,897
Financial assets	16	79,214	99,089
Trade and other receivables	17	1,149,456	572,024
Derivative financial instruments	22	169	140
Other assets	18	25,055	29,607
Total current assets		2,048,837	1,420,757
Non-current assets
Trade and other receivables	17	24,737	25,982
Deferred tax assets		4,173	7,666
Property, plant and equipment		3,864	3,985
Right-of-use assets		2,752	2,995
Intangible assets	19	94,850	73,965
Goodwill	27	6,550	—
Other assets	18	5,782	5,614
Total non-current assets		142,708	120,207
TOTAL ASSETS		2,191,545	1,540,964

LIABILITIES
Current liabilities
Trade and other payables	20	1,554,943	854,436
Lease liabilities		1,113	1,076
Tax liabilities	21	19,351	21,500
Derivative financial instruments	22	1,928	1,567
Financial liabilities	23	64,632	86,898
Provisions	24	759	433
Total current liabilities		1,642,726	965,910
Non-current liabilities
Deferred tax liabilities		6,676	3,316
Lease liabilities		1,626	2,309
Total non-current liabilities		8,302	5,625
TOTAL LIABILITIES		1,651,028	971,535



EQUITY
Share capital	14	576	590
Share premium		—	7,097
Treasury shares		—	—
Capital reserve		55,453	42,641
Other reserves		(11,035)	(15,885)
Retained earnings		495,254	534,818
Total equity attributable to owners of the Group		540,248	569,261
Non-controlling interest		269	168
TOTAL EQUITY		540,517	569,429
TOTAL EQUITY AND LIABILITIES		2,191,545	1,540,964


DLocal Limited Notes to the Unaudited Consolidated Condensed Interim Financial Statements At June 30, 2026 (All amounts in thousands of U.S. Dollars except share data, par value or as otherwise indicated)


	Six months ended		Three months ended
Current income tax	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Current income tax on profits for the period	(17,969)	(11,984)	(2,886)	(6,625)
Total current income tax expense (i)	(17,969)	(11,984)	(2,886)	(6,625)

Deferred income tax	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
(Decrease)/increase in deferred income tax assets	(3,493)	594	(6,078)	493
(Increase)/decrease in deferred income tax liabilities	(3,360)	(2,060)	(1,249)	(2,056)
Total deferred income tax (expense)/benefit	(6,853)	(1,466)	(7,327)	(1,563)
Income tax expense	(24,822)	(13,450)	(10,213)	(8,188)


	June 30, 2026		December 31, 2025
	Average exercise price (U.S. Dollars)	Number of options and RSUs and PSUs	Average exercise price (U.S. Dollars)	Number of options and RSUs and PSUs
At the beginning of the period	3.73	7,641,161	5.32	7,507,841
Granted during the period	0.002	674,673	0.002	1,905,684
Exercised during the period	0.168	(286,145)	6.89	(1,299,314)
Forfeited during the period	0.002	(30,538)	13.18	(473,050)
At the end of the period	3.56	7,999,151	3.73	7,641,161
Vested and exercisable at the end of the period	6.68	2,471,337	7.84	1,652,474


	June 30, 2026		June 30, 2025
	Amount	US$	Amount	US$
Issued and fully paid up shares of US$0.002 each
Class A common shares	172,183,455	344	164,649,324	329
Class B common shares	116,233,376	232	129,054,192	258
	288,416,831	576	293,703,516	587
Share capital evolution
Share capital as of January 1	294,931,956	590	285,475,136	570
i) Issue of common shares at US$0.002	372,690	1	260,099	1
ii) Shares cancellation (1)	(6,887,815)	(15)	—	—
iii) Warrant exercise	—	—	7,968,281	16
Share capital as of June 30	288,416,831	576	293,703,516	587


	Three months ended on June 30		Six months ended on June 30
	2026	2025	2026	2025
Cash flows from operating activities
Profit before income tax	64,988	50,996	121,533	102,925
Adjustments:
Interest Income from financial instruments	(5,067)	(5,976)	(15,657)	(11,083)
Interest charges for lease liabilities	53	41	110	82
Other interests charges	(752)	1,568	6,760	2,452
Finance expense related to derivative financial instruments	2,932	3,177	3,632	3,591
Net exchange differences	469	9,765	(2,147)	13,908
Fair value loss/(gain) on financial assets at FVPL	-	(4,791)	(167)	(12,134)
Amortization of Intangible assets	7,328	5,055	14,390	9,639
Depreciation and disposals of PP&E and right-of-use	608	485	1,261	1,188
Share-based payment expense, net of forfeitures	6,489	4,911	12,555	10,931
Other operating gain	1,909	2,480	2,341	2,902
Net Impairment loss/(gain) on financial assets	1,430	1,415	2,210	1,801
Inflation adjustment and other financial results	2,187	3,180	5,050	9,265
	82,574	72,306	151,871	135,467
Changes in working capital
Increase in Trade and other receivables	(410,436)	(13,046)	(580,738)	8,036
Decrease / (Increase) in Other assets	(4,265)	1,175	(18,544)	2,200
Increase / (Decrease) in Trade and Other payables	495,664	76,948	700,507	93,294
Increase / (Decrease) in Tax Liabilities	(7,261)	(2,928)	2,316	(1,963)
Increase / (Decrease) in Provisions	298	1	326	44
Cash (used) / generated from operating activities	156,575	134,457	255,738	237,078
Income tax paid	(16,052)	(9,998)	(22,434)	(17,206)
Net cash (used) / generated from operating activities	140,522	124,459	233,304	219,872


	Six months ended		Three months ended
	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
LatAm	589,116	365,605	326,630	202,709
Brazil	148,010	81,410	90,176	46,991
Argentina	130,130	59,882	68,918	31,637
Mexico	130,396	82,371	74,716	45,660
Other countries	180,580	141,942	92,820	78,421
Non-LatAm	146,410	107,612	73,034	53,749
Total	735,526	473,217	399,664	256,458


	June 30, 2026	December 31, 2025
Corporate cash and cash equivalents	369,088	424,498
Merchant cash and cash equivalents (i)	425,855	295,399
Total	794,943	719,897


	June 30, 2026	June 30, 2025
Intangible asset and Goodwill acquired through a decrease in other assets at FVPL (i)	23,742	—


Instrument	Reference	Maturity date	Interest rate (%)	Linked with	June 30, 2026(i)	December 31, 2025(i)
US Treasury Bonds	US912797RU32	Feb-26	0.0%	—	—	16,759
US Treasury Bonds	US912797QN08	May-26	3.4%	—	—	48,244
US Treasury Bonds	US912797QX89	Jun-26	3.2%	—	—	7,563
US Treasury Bonds	US912797SW88	May-26	3.22%	—	—	7,563
US Treasury Bonds	US912797RF64	Jul-26	3.2%	—	7,683	7,563
US Treasury Bonds	US912797RG48	Aug-26	3.29%	—	5,704	—
US Treasury Bonds	US912797SA68	Oct-26	3.36%	—	6,680	—
US Treasury Bonds	US912797SK41	Oct-26	3.41%	—	6,545	—
US Treasury Bonds	US912797SU23	Nov-26	3.40%	—	6,542	—
US Treasury Bonds	US912797TC16	Dec-26	3.57%	—	15,336	—
US Treasury Bonds	US912797TF47	Jul-26	3.27%	—	4,822	—
US Treasury Bonds	US912797TP29	Jul-26	3.28%	—	5,705	—
US Treasury Bonds	US912797TQ02	Jul-26	3.30%	—	5,705	—
US Treasury Bonds	US912797UG01	Sep-26	3.33%	—	6,331	—
US Treasury Bonds	US912797UJ40	Oct-26	3.38%	—	6,680	—
US Treasury Bonds	US912797TC16	Dec-26	3.57%	—	981	—
Banco Diners	C049001	Nov-26	5.7%	—	500	501
					79,214	88,193
					79,214	99,089


Current	June 30, 2026	December 31, 2025
Trade receivables	1,087,621	521,736
Loss allowance	(2,863)	(856)
Trade receivables net	1,084,758	520,880
Advances and other receivables	64,698	51,144
Total Current Trade and other receivables	1,149,456	572,024

Non-current
Advances and other receivables	24,737	25,982
Total Non-current Trade and other receivables	24,737	25,982


	June 30, 2026	June 30, 2025
As of January 1	(856)	(148)
(Increase)/decrease in loss allowance for trade receivables	(3,851)	(1,801)
Write-off	1,844	885
As of June 30	(2,863)	(1,064)

Net impairment (loss)/gain for trade receivables	(2,210)	(1,801)


	June 30, 2026				December 31, 2025
At January 1,	Internally generated software	Acquired intangible assets	Acquired in a business combination (ii)	Total	Internally generated software	Acquired intangible assets	Total
Cost	94,520	41,273	—	135,793	60,255	41,034	101,289
Accumulated amortization	(50,883)	(10,945)	—	(61,828)	(30,096)	(7,875)	(37,971)
Opening book value as of January 1	43,637	30,328	—	73,965	30,159	33,159	63,318
Additions (i)	18,887	—	16,388	35,275	34,265	239	34,504
Amortization of the year	(11,792)	(2,015)	(583)	(14,390)	(20,787)	(3,070)	(23,857)
Total as of period end	50,732	28,313	15,805	94,850	43,637	30,328	73,965

Cost	113,407	41,273	16,388	171,068	94,520	41,273	135,793
Accumulated amortization	(62,675)	(12,960)	(583)	(76,218)	(50,883)	(10,945)	(61,828)


	June 30, 2026	December 31, 2025
Trade payables	1,507,225	812,895
Accrued liabilities	3,597	3,418
Other payables	44,121	38,123
Total	1,554,943	854,436


	June 30, 2026	December 31, 2025
Income tax payable	15,964	18,116
Other tax liabilities	3,387	3,384
Income tax perception	1,504	1,505
Digital services withholding VAT	1,883	1,879
Total	19,351	21,500


Transaction	Type Contract	Notional amount in US$ as of June 30, 2026	Outstanding balance as of At June 30, 2026 - Derivative financial assets / (liabilities)	Notional amount in US$ as of December 31, 2025	Outstanding balance as of December 31, 2025 - Derivative financial assets / (liabilities)
Assets
Buy EUR
US Dollar	Future Contract	—	—	5,698	21
Buy US$
Indian Rupee	Non-delivery forwards	—	—	3,475	16
United Arab Emirates Dirham	Forward	—	—	900	—
Argentine Peso	Futures Contract	—	—	4,300	11
Peso filipino	Non-delivery forwards	—	—	4,500	4
Chilean Peso	Forward	8,288	2	—	—
Baht tailandés	Forward	4,793	84	—	—
West African CFA franc	Non-delivery forwards	1,000	19	—	—
Sell EUR
US Dollar	Forward	(14,854)	—	(15,294)	3
Sell US$
Brazilian Real	Non-delivery forwards	(9,062)	15	(10,961)	85
Turkish Lira	Forward	(7,027)	11	—	—
Southafrican Rand	Forward	(7,028)	38	—	—
Total			169		140



Liabilities
Buy EUR
US Dollar	Forward	38,658	(23)	31,874	(45)
US Dollar	Futures Contract	5,656	(73)	—	—
Buy US$


	June 30, 2026	December 31, 2025

Borrowings (i)	64,632	86,713
Bank overdraft (ii)	—	185
Total Financial liabilities (iii)	64,632	86,898


	June 30, 2026	December 31, 2025
Carrying amount as of January 1	433	500
Reversal	(135)	(180)
Interest charges	—	4
Additions	461	109
Carrying amount as of June 30	759	433


	June 30, 2026	December 31, 2025

Balances with merchants – trade payables	(671)	(1,738)
Balances with collection entities – Trade payables	(65)	(65)
Balances with collection entities – Trade receivables	10,118	12,012
Balances with collection entities – Advances and other receivables	11,986	12,081


June 30, 2026	FVPL	Amortized cost	Total	Level 1	Level 2
Assets
Cash and cash equivalents	37,842	757,101	794,943	—	—
Cash and demand deposit	—	757,101	757,101	—	—
Money market fund and others	37,842	—	37,842	—	—
Financial assets	—	79,214	79,214	—	—
Other assets	6,189	24,648	30,837	—	6,189
Trade and other receivables	—	1,174,193	1,174,193	—	—
Derivative financial instruments (1)	169	—	169	—	169
	44,200	2,035,156	2,079,356	—	6,358


December 31, 2025	FVPL	Amortized cost	Total	Level 1	Level 2
Liabilities
Trade and other payables	—	(854,436)	(854,436)	—	—
Derivative financial instruments (1)	(1,567)	—	(1,567)	—	(1,567)
Financial liabilities	—	(86,898)	(86,898)	—	—
Lease liabilities	—	(3,385)	(3,385)	—	—
	(1,567)	(944,719)	(946,286)	—	(1,567)


Description						February 27, 2026
Outstanding credit facility principal amount as of acquisition date						22,285
Accrued and unpaid interest in the credit facility agreements						1,957
Trade payable Newurth’s subsidiary offset						(500)
Total consideration transferred						23,742


Description						February 27, 2026
Intangible assets:
Customer relationships						14,220
Intellectual property						2,048
Mint code License						120
Total intangible assets						16,388
Other net identifiable assets:
Cash and cash equivalents						791
Prepaid expenses						22
Other current liabilities						(9)
Total other net identifiable assets						804
Total net identifiable assets						17,192
Goodwill (i)						6,550
Total consideration transferred						23,742


Description						February 27, 2026
Cash and cash equivalents acquired (Mint Code)						791
Cash consideration paid						—
Net cash inflow from acquisition						791