XML 67 R42.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Operating Segments [Line Items]

Summary of Payments from/to Such Customers

Based on the region where payments from /to such customers are processed this is the revenue breakdown:


		2021				YoY%				2020				YoY%				2019
LatAm 1			223,602				140.1	%			93,124				82.2	%			51,103
Asia and Africa			20,518				86.2	%			11,019				163.2	%			4,186
Revenues 2			244,120				134.4	%			104,143				88.4	%			55,289

1.

In 2019 LatAm revenues contain the warrant negative effect of USD 4,333 as more fully explained in Note 2.11.4. Warrant agreement.

During the years ended December 31, 2021 and 2020, the Group had no revenues from customers attributed to the entity’s country of domicile.

Summary of Group Reconciles Segment Performance Measure to Profit

The Group reconciles the segment’s performance measure to profit for the year as presented in the Consolidated Statement of Comprehensive Income as follows:


		Note	December 31, 2021					December 31, 2020				December 31, 2019
Profit for the year				77,853					28,187				15,602
Income tax expense		12		7,647					3,231				2,221
Inflation adjustment		11		334					(38	)			(10	)
Interest charges on leases		11		142					20				30
Interest income from financial assets at FVPL		11		(2,556	)				(443	)			(217	)
Fair value losses / (gains) on financial assets at FVPL		11		16					(9	)			(56	)
Other operating (gain) / loss		24		(2,896	)				2,896				—
Other finance expense		11		402					(3	)			(6	)
Impairment loss / (gain) on financial assets		16		33					(808	)			807
Depreciation and amortization		10		4,747					992				409
Secondary offering expenses (i)		8		5,158					453				574
Transaction costs (ii)		8		687					158				—
Share-based payment non-cash charges, net of forfeitures		13		7,590					7,295				716
Adjusted EBITDA				99,157					41,931				20,070

Revenues		6		244,120					104,143				55,289
Adjusted EBITDA				99,157					41,931				20,070
Adjusted EBITDA Margin				40.6	%				40.3	%			36.3	%

(i)

Corresponds to expenses assumed by dLocal in relation to a secondary offering of its shares.

Corresponds to costs related to the acquisition of PrimeiroPay explained in Note 20: Intangible Assets and costs related to the potential acquisition of business (whether the acquisition is completed or not).