Q2 2025 Dlocal Ltd Earnings Call Transcript
Key Points
- DLocal Ltd (DLO) achieved a record high TPV of $9.2 billion, marking the third consecutive quarter of over 50% year-over-year growth.
- Revenue and gross profit reached all-time highs of $256 million and $99 million, respectively.
- The company added three new licenses in UAE, Turkey, and Philippines, expanding its global footprint.
- DLocal Ltd (DLO) launched innovative products like SmartPix in Brazil and multiple Buy Now, Pay Later integrations, enhancing its service offerings.
- The company demonstrated strong cash generation with $48 million in free cash flow, reflecting robust underlying operations.
- Net income was negatively impacted by the Argentine peso's devaluation, reducing it to $43 million.
- There was a partial volume loss in Egypt due to a large merchant implementing redundancies, affecting revenue.
- Lower FX spreads in Argentina resulted in reduced revenue, although partially offset by cost reductions.
- The company anticipates increased operating expenses in the second half of the year due to ongoing investments.
- Potential risks include evolving macroeconomic conditions, regulatory changes, and currency devaluation in key markets.
Thank you for standing by, and welcome to the dLocal Limited second-quarter 2025 results conference call.
I will now hand the call over to the company.
Good afternoon, everyone, and thank you for joining the second-quarter 2025 earnings call. If you have not seen the earnings release, a copy is posted in the Financials section of the Investor Relations website.
On the call today, you have Pedro Arnt, Chief Executive Officer; Jeffrey Brown, Interim Chief Financial Officer; Christopher Stromeyer, SVP of Corporate Development; and Mirele Aragao, Head of Investor Relations.
A slide presentation has been provided to accompany the prepared remarks. This event is being broadcast live via webcast, and both the webcast and presentation may be accessed through dLocal's website at investor.dlocal.com. The recording will be available shortly after the event is concluded.
Before proceeding, let me mention that any forward-looking statements included in the presentation or
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