ISTANBUL, July 31, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the second quarter and the six months ended June 30, 2025. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies (“IAS 29”), the financial statements of ent ...

Company Overview - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating through a hybrid model that combines first-party direct sales (1P) and a third-party marketplace (3P) with approximately 100 thousand merchants [2] - The company aims to lead the digitalization of commerce, providing a broad ecosystem of capabilities for merchants and consumers, including last-mile delivery, fulfilment services, advertising solutions, cross-border sales, payment services, and affordability solutions [3] Financial Reporting - Hepsiburada will report its unaudited financial results for the second quarter ending June 30, 2025, before the U.S. market opens on Thursday, July 31, 2025 [1] Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, launching the 'Technology Empowerment for Women Entrepreneurs' program in 2017, which has supported approximately 65 thousand female entrepreneurs across Türkiye [4] Integrated Fintech Solutions - Hepsiburada's integrated fintech platform, Hepsipay, offers secure payment solutions, including digital wallets, general-purpose loans, buy now pay later (BNPL), and one-click checkout, enhancing shopping convenience for consumers and driving higher sales conversions for merchants [3]

Q4 & FY 2024 Results Presentation April 30, 2025 Disclaimer Restatement of Financial Information Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financial Reporting Standards ("IFRS"), including the Company, have been requi ...

ISTANBUL, May 08, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the first quarter ended March 31, 2025. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies (“IAS 29”), the financial statements of entities whose function ...

Core Viewpoint - Hepsiburada, a leading Turkish e-commerce platform, has successfully completed its fourth bond issuance through its subsidiary Hepsi Finansman A.Ş., raising a nominal value of TRY 66,950,000 to support the growth of its consumer finance business [1][2]. Group 1: Bond Issuance Details - Hepsifinans closed its fourth bond issuance on April 30, 2025, with an aggregate principal amount of TRY 66,950,000 and a six-month maturity [2]. - The bonds will accrue interest at a rate of 52.00% per annum, with both principal and coupon to be repaid at maturity [2]. - This issuance is part of a larger approval from the Capital Markets Board for Hepsifinans to issue bonds or bills totaling up to TRY 1,050,000,000 within one year [2]. Group 2: Company Overview - Hepsiburada operates as a hybrid e-commerce platform combining first-party direct sales and a third-party marketplace, featuring approximately 100,000 merchants [4]. - The platform offers a wide range of services including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions [5]. - Hepsiburada's fintech platform, Hepsipay, enhances shopping convenience with secure payment solutions, including digital wallets and buy now pay later options [5]. Group 3: Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, launching initiatives like the 'Technology Empowerment for Women Entrepreneurs' program, which has supported around 61,000 female entrepreneurs [6].

Group 1 - The conference call is focused on discussing Hepsiburada's fourth quarter and full year 2024 financial results [1][3] - Participants in the call include CEO Nilhan Onal Gokcetekin and CFO Seçkin Köseoğlu [2][3] - The call is recorded and participants are in a listen-only mode [1] Group 2 - The management's views presented during the call are as of the current date and are subject to change [4] - Forward-looking statements are made, with a caution that actual results may differ materially [4] - References to non-IFRS measures will be made, with guidance to the appendix for comparable IFRS measures [5]

D-Market Elektronik Hizmetler ve Ticaret (HEPS) Q4 2024 Earnings Call April 30, 2025 09:00 AM ET Company Participants Ceren Tuzcu Seyhunlu - Corporate Strategy & IR Group DirectorNilhan Onal Gökçetekin - Chief Executive OfficerSeçkin Köseoğlu - CFO Operator Ladies and gentlemen, thank you for standing by. I'm Vasilios, your Chorus Call operator. Welcome and thank you for joining the Hep C Burada Conference Call and the live webcast to present and discuss the Fourth Quarter and Full Year twenty twenty four F ...

D-Market Elektronik Hizmetler ve Ticaret (HEPS) Q4 2024 Earnings Call April 30, 2025 09:00 AM ET Company Participants Ceren Tuzcu Seyhunlu - Corporate Strategy & IR Group DirectorNilhan Onal Gökçetekin - Chief Executive OfficerSeçkin Köseoğlu - CFO Operator Ladies and gentlemen, thank you for standing by. I'm Vasilios, your Chorus Call operator. Welcome and thank you for joining the Hep C Burada Conference Call and the live webcast to present and discuss the Fourth Quarter and Full Year twenty twenty four F ...

Financial Data and Key Metrics Changes - The company reported a real GMV growth of 12.1% in 2024, with an unadjusted inflation basis GMV growth of 74% year on year [6][7] - Gross contribution margin improved to 11.3%, reflecting a 2.1 percentage point increase compared to the previous year [7][18] - EBITDA as a percentage of GMV reached 1.1%, marking a 0.7 percentage point rise year on year [7][18] - Revenue grew by 11.1% for the full year, with a 6.4% increase in Q4 [20][24] Business Line Data and Key Metrics Changes - Active customers increased by 235,000, totaling 12.2 million, with orders growing by 16 percentage points year on year to 131.4 million [8][18] - The company saw a shift towards marketplace operations, with 3P operations accounting for approximately 70% of the business [19] - Delivery service revenue increased by 50% in 2024, contributing significantly to overall revenue growth [21][22] Market Data and Key Metrics Changes - The company faced macroeconomic headwinds in early 2025, impacting consumer purchasing power and marketing activities [15][25] - The company is excited about the potential value creation opportunities from the acquisition of a 65.4% controlling stake in a leading payment marketplace in Kazakhstan [15][26] Company Strategy and Development Direction - The company focuses on three strategic priorities: enhancing customer loyalty, improving delivery services, and expanding B2B services [9][12] - The loyalty program has grown to 3.7 million members, and partnerships have been established to enhance program offerings [10] - The company aims to capitalize on differentiation through lending solutions, with total lending volume reaching 16.2 billion, a 2.6 times increase from 2023 [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by macroeconomic conditions and political sensitivities affecting marketing efforts [15][25] - The acquisition of a controlling stake in a prominent fintech ecosystem is seen as a significant milestone, providing optimism for future growth [15][26] Other Important Information - Free cash flow decreased by 1.9 billion compared to the previous year, primarily due to a decline in net cash from operating activities [24] - The company recorded a significant increase in other revenue, including advertising services and premium subscription revenues [21][22] Summary of Q&A Session - There was no Q&A session during this earnings call, and participants were encouraged to direct their questions to the Investor Relations team [26]

Core Insights - Hepsiburada reported its unaudited financial results for Q4 2024 and audited results for the full year ended December 31, 2024, showing growth in gross merchandise value (GMV) and revenue despite macroeconomic challenges [1][4][6]. Financial Performance Highlights - Q4 2024 GMV increased by 1.9% to TRY 59.0 billion compared to TRY 57.9 billion in Q4 2023, while IAS 29-unadjusted GMV rose by 49.4% to TRY 58.2 billion [4][20]. - Revenue for Q4 2024 grew by 6.4% to TRY 18,140.8 million from TRY 17,053.9 million in Q4 2023 [4][34]. - Full year 2024 GMV increased by 12.1% to TRY 188.6 billion compared to TRY 168.3 billion in 2023, with IAS 29-unadjusted GMV rising by 73.8% to TRY 167.7 billion [6][21]. - EBITDA for Q4 2024 surged by 283.5% to TRY 714.9 million compared to TRY 186.4 million in Q4 2023, with EBITDA as a percentage of GMV improving to 1.2% [4][12]. Customer and Order Metrics - Active customers increased by 2.0% to 12.2 million as of December 31, 2024, compared to 11.9 million in the previous year [4][13]. - The number of orders decreased by 3.4% to 33.3 million in Q4 2024 compared to 34.4 million in Q4 2023 [4][13]. Strategic Developments - The company announced a significant change in control with Kaspi.kz acquiring a 65.4% stake in Hepsiburada, which is expected to create value opportunities [11]. - Hepsiburada's logistics service, HepsiJet, delivered 72% of all parcels handled through the platform in 2024, up from 67% in 2023 [8][25]. Revenue Breakdown - In Q4 2024, marketplace revenue (3P) increased by 14.8% to TRY 2,126.0 million, while delivery service revenue rose by 17.7% to TRY 2,159.5 million [34][37]. - Other revenue, including advertising and fintech operations, saw significant growth, with a 126.5% increase in other revenue in Q4 2024 [36][40]. Operating Expenses and Profitability - Net operating expenses increased by 3.6% to TRY 17,998.1 million in Q4 2024, with a slight increase in operating expenses as a percentage of GMV [46][47]. - The gross contribution margin improved to 11.4% in Q4 2024, up from 9.0% in Q4 2023, driven by higher other revenue and delivery service revenue [41][42]. Financial Income and Expenses - Financial income for Q4 2024 increased by 28.6% to TRY 1,418.8 million, primarily due to higher interest income on credit sales and time deposits [56]. - Financial expenses rose by 17.7% to TRY 2,683.2 million in Q4 2024, mainly due to increased commission expenses related to early collection of credit card receivables [60].