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May 14 (Reuters) - Uruguayan fintech dLocal DLO.O on Wednesday announced a first-quarter net profit of $46.63 million, more than doubling from a year earlier and landing above the $36.4 million estimate of analysts polled by LSEG.

Revenues for the payments provider, which operates across over 40 markets in Africa, Asia and Latin America, meanwhile climbed 18% to $216.8 million, above the $210.1 million forecast by analysts.

In a press release, dLocal said revenue growth was fueled by a higher cross-border share in its payment mix. The company also reported a 53% year-on-year increase in the overall amount of money flowing through its platform.

The company said its net income was mostly affected by an increase in the value of its Argentine bond investments and lower finance costs.

"The first quarter of 2025 demonstrated strong execution across many of the levers of our strategic plan," Chief Executive Pedro Arnst said, highlighting the company's progress on new partnerships and its investment plan.

The firm announced an extraordinary dividend totaling $150 million and said that going forward it intends to pay annual cash dividends to the holders of its common shares at an amount equal to 30% of its cash flow for the prior year.

DLocal launched in 2016 and quickly became Uruguay's first unicorn, or a private start-up valued at over $1 billion. Five years later, it listed in New York at a value of some $9.5 billion, though this has since dipped to around $2.8 billion.

(Reporting by Kylie Madry and Brendan O'Boyle; Additional reporting by Andre Romani; Editing by Gabriel Araujo)

((Kylie.Madry@thomsonreuters.com;))