dLocal Reports First Quarter 2026 Financial Results

TPV surpassed US$14 billion for the first time (+73% year-over-year), six consecutive quarters of 50%+ year-over-year growth. Record gross profit: US$119 million (+40% year-over-year). Operating profit US$57 million excluding prior years tax adjustments (+25% year-over-year). Expected higher OPEX from 2025 carry-over; operating leverage to improve in 2H26. Net income at US$52 million excluding prior-years tax adjustments (+11% year-over-year). Adjusted Free Cash Flow US$15 million, driven by temporary working capital effects, expected to revert. Guidance unchanged.