Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Mex$257, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Diversified Financial industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$350 per share. Announcement • Jun 06
DLocal Limited to Report Q2, 2026 Results on Aug 13, 2026 DLocal Limited announced that they will report Q2, 2026 results After-Market on Aug 13, 2026 Recent Insider Transactions • Jun 05
Independent Director recently bought Mex$4.1m worth of stock On the 29th of May, William Pruett bought around 20k shares on-market at roughly Mex$206 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: US$0.14 (vs US$0.16 in 1Q 2025) First quarter 2026 results: EPS: US$0.14 (down from US$0.16 in 1Q 2025). Revenue: US$335.9m (up 55% from 1Q 2025). Net income: US$42.0m (down 10.0% from 1Q 2025). Profit margin: 13% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Global Diversified Financial industry. Buy Or Sell Opportunity • May 06
Now 21% undervalued Over the last 90 days, the stock has risen 7.2% to Mex$240. The fair value is estimated to be Mex$304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Apr 22
Dlocal Limited Announces Dismissal of New York State Securities Class Action DLocal Limited announced that the Supreme Court of the State of New York, Appellate Division, First Department, has unanimously affirmed the dismissal of the putative class action lawsuit captioned In the Matter of DLocal Securities Litigation, Index No. 151778/23 (the “New York State Action”). The Supreme Court, New York County had previously granted the defendants’ motion to dismiss the complaint in its entirety, and the Appellate Division has now unanimously upheld that decision. In its unanimous decision, the Appellate Division held that all claims against the Company and the individual defendants lacked merit. The New York State Action had alleged that the Company's registration statement and prospectus contained materially misleading statements and omissions relating to alleged trends in the Company's take rate. The Court rejected these allegations, finding that the plaintiffs did not identify a known material trend, especially in light of the Company's consistent growth in total payment volume (TPV), revenue, and gross profit. Announcement • Apr 02
DLocal Limited to Report Q1, 2026 Results on May 14, 2026 DLocal Limited announced that they will report Q1, 2026 results After-Market on May 14, 2026 Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: US$0.68 (vs US$0.41 in FY 2024) Full year 2025 results: EPS: US$0.68 (up from US$0.41 in FY 2024). Revenue: US$1.09b (up 47% from FY 2024). Net income: US$196.8m (up 63% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Diversified Financial industry. Board Change • Mar 19
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. CEO & Director Pedro Arnt is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 27
DLocal Limited to Report Q4, 2025 Results on Mar 18, 2026 DLocal Limited announced that they will report Q4, 2025 results After-Market on Mar 18, 2026 Board Change • Jan 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. CEO & Director Pedro Arnt is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 24
DLOCAL LTD Announces Board Appointments DLOCAL LTD announced it has completed the transition to a nine-person, majority independent Board of Directors, now comprising five independent members. Following through on the governance update shared in August during its second quarter earnings presentation, dLocal has appointed Paco Ybarra and Nelson Mattos as independent directors, further strengthening the Board's depth in global technology, financial markets, and risk management. Mr. Ybarra joins the Board after a 36-year career at Citigroup, where he was CEO of Citi's Institutional Clients Group (ICG), a member of Citi's Management Committee, and co-chaired the ICG Risk Management Committee. He has also held roles on corporate boards, including his current tenure at The Man Group plc. Mr. Mattos brings extensive product development and engineering leadership experience, including service as Vice President at Google for Europe and Emerging Markets and earlier with IBM as a Distinguished Engineer and Vice President for Information and User Technologies. He is an independent consultant advising startups across Silicon Valley, Europe, and emerging markets, and sits on several boards and nonprofits. Ybarra and Mattos will join the other three independent directors Will Pruett, Hyman Bielsky, and Veronica Raffo. They will sit alongside chairman Andres Bzurovski, as well as current board members Sebastian Kanovich, Luiz Ribeiro and CEO Pedro Arnt. As part of this transition, dLocal thanks Eduardo Azar, Martín Escobari, Jacobo Singer and Sergio Fogel for their meaningful contributions and service to the company’s Board over the years. Mr. Fogel, who is currently President and Chief Strategy Officer at the company, is also transitioning to a non-executive role as Co-Founder and Strategic Advisor, supporting the company on regulatory, technology, and business and corporate development matters. With the new Board in place, and as previously communicated, the company is also constituting three new committees: a Nominating & Corporate Governance committee, a Compensation committee and a Product & Technology committee. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: US$0.18 (vs US$0.095 in 3Q 2024) Third quarter 2025 results: EPS: US$0.18 (up from US$0.095 in 3Q 2024). Revenue: US$282.5m (up 52% from 3Q 2024). Net income: US$51.8m (up 94% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Diversified Financial industry. Announcement • Nov 07
DLocal Limited, Annual General Meeting, Dec 10, 2025 DLocal Limited, Annual General Meeting, Dec 10, 2025. Location: at dr. luis bonavita 1294, montevideo, uruguay 11300., United States Buy Or Sell Opportunity • Oct 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to Mex$264. The fair value is estimated to be Mex$215, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Announcement • Oct 09
DLocal Limited to Report Q3, 2025 Results on Nov 12, 2025 DLocal Limited announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Buy Or Sell Opportunity • Sep 17
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at Mex$268. The fair value is estimated to be Mex$218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Reported Earnings • Aug 15
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: US$256.5m (up 50% from 2Q 2024). Net income: US$42.8m (down 7.4% from 2Q 2024). Profit margin: 17% (down from 27% in 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Diversified Financial industry. Buy Or Sell Opportunity • Aug 13
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at Mex$217. The fair value is estimated to be Mex$181, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Will Pruett was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 15
DLocal Limited to Report Q2, 2025 Results on Aug 13, 2025 DLocal Limited announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 13, 2025 
