ISTANBUL, , Nov. 05, 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 third quarter and the nine months ended September 30, 2025. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies (“IAS 29”), the financial statements ...

Core Insights - Hepsiburada, a leading Turkish e-commerce platform, will release its unaudited financial results for Q3 2025 on November 5, 2025, before the U.S. market opens [1] Company Overview - Hepsiburada operates as a hybrid e-commerce platform in Türkiye, combining first-party direct sales and a third-party marketplace with around 100,000 merchants [2] - The platform aims to lead the digitalization of commerce, providing a wide range of services including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions [3] - Hepsipay, the integrated fintech platform of Hepsiburada, offers secure payment solutions such as digital wallets, general-purpose loans, buy now pay later (BNPL), and one-click checkout, enhancing consumer shopping convenience and driving sales conversions for merchants [3] Social Impact - Since its establishment 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 67,000 female entrepreneurs in reaching millions of customers [4]

Core Points - Hepsiburada is convening an Extraordinary General Assembly Meeting on November 17, 2025, to authorize a share capital increase of TRY 4,171,960,010.85 [1] - The nominal share capital will rise from TRY 65,199,658.00 to TRY 72,368,116.80, with the number of shares increasing from 325,998,290 to 361,840,584 [1] - The nominal value of the shares will remain unchanged at TRY 0.20 [1] Agenda of the Extraordinary General Assembly - Opening of the meeting and election of the chair [6] - Authorization for the chairman to sign the minutes [6] - Discussion on increasing the share capital and pre-emptive rights [6] - Amendments to Articles of Association regarding business objectives and compliance with corporate governance [6] - Recommendations and closing [6] Company Overview - Hepsiburada is a leading e-commerce platform in Turkey, operating a hybrid model of first-party sales and a third-party marketplace with around 100,000 merchants [8] - The platform offers a wide range of services including last-mile delivery, fulfillment, advertising, cross-border sales, and payment solutions [9] - Hepsipay, the integrated fintech platform, provides secure payment options and enhances shopping convenience [9] - Since its inception in 2000, Hepsiburada has focused on empowering women in the Turkish economy through various initiatives [10]

Core Points - D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi is preparing for its Annual General Assembly Meeting of Shareholders on September 15, 2025, regarding the financial year 2024 [1] - An amendment was made to the Original Form 6-K to correct a clerical error in Exhibit 99.4, which is the Board of Directors' Annual Report for 2024 [2] Company Overview - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating through a hybrid model that includes approximately 100 thousand merchants [3] - The company aims to lead the digitalization of commerce, providing a broad ecosystem of capabilities such as last-mile delivery, fulfilment services, advertising solutions, cross-border sales, payment services, and affordability solutions [4] - Hepsipay, the integrated fintech platform of Hepsiburada, offers secure payment solutions including digital wallets, general-purpose loans, buy now pay later (BNPL), and one-click checkout, enhancing shopping convenience and driving higher sales conversions for merchants [4] 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 [5]

Core Viewpoint - Hepsiburada, a leading Turkish e-commerce platform, is set to hold its Ordinary General Assembly Meeting on September 15, 2025, to discuss the financial year 2024 and various corporate governance matters [1][3]. Company Overview - Hepsiburada operates as a hybrid e-commerce platform combining first-party direct sales and a third-party marketplace, with approximately 100,000 merchants [4]. - The company aims to lead the digitalization of commerce in Turkey, providing a wide range of services including last-mile delivery, fulfillment, advertising solutions, cross-border sales, payment services, and affordability solutions [6]. General Assembly Agenda - The agenda for the General Assembly includes the election of the chair, discussion of the annual report and independent auditor's report, approval of financial statements for 2024, and decisions regarding profit distribution and board member compensations [5]. - Other items on the agenda include the appointment of an independent auditor for 2025, authorization for board members regarding commercial activities, and approval of inflation accounting procedures [5]. Social Impact - Since its inception in 2000, Hepsiburada has focused on empowering women in the Turkish economy, notably through its 'Technology Empowerment for Women Entrepreneurs' program, which has supported around 65,000 female entrepreneurs [7].

Core Insights - Hepsiburada reported a gross merchandise value (GMV) increase of 11.9% to TRY 51.1 billion in Q2 2025 compared to TRY 45.6 billion in Q2 2024, while the IAS 29-unadjusted GMV increased by 52.2% to TRY 50.3 billion [4][13] - Revenue for Q2 2025 rose by 22.6% to TRY 16,743.8 million from TRY 13,657.3 million in Q2 2024, driven by a 25.2% increase in 1P revenue and a 24.9% increase in delivery service revenue [24][21] - The company experienced a net loss of TRY 723.8 million in Q2 2025, a 39.4% increase from a net loss of TRY 519.3 million in Q2 2024, primarily due to increased provision expenses and financial costs [31][10] Financial Highlights - The EBITDA for Q2 2025 increased by 41.6% to TRY 739.5 million compared to TRY 522.1 million in Q2 2024, with EBITDA as a percentage of GMV improving to 1.4% from 1.1% [4][32] - Free cash flow turned positive with an inflow of TRY 3,405.2 million in Q2 2025, compared to an outflow of TRY 870.4 million in Q2 2024 [33] - The active customer base decreased by 0.8% to 12.0 million as of June 30, 2025, compared to 12.1 million a year earlier [4][9] Operational Metrics - The number of orders (excluding digital products and HepsiExpress) increased by 8.1% to 18.9 million in Q2 2025, while the average order value grew by 5.3% [4][13] - The share of marketplace GMV was 68.2% in Q2 2025, down from 71.1% in Q2 2024 [4][13] - Active merchants decreased by 0.7% to 100.3 thousand compared to 100.9 thousand as of June 30, 2024 [4][9] Inflation and Accounting Standards - The financial statements are restated under IAS 29 due to hyperinflation in Turkey, with the conversion factor for June 30, 2025, set at 3,132.2 [3][2] - The annual inflation rate as of June 30, 2025, was reported at 35.1%, a decline from 71.6% a year earlier [28] Strategic Initiatives - The company is focusing on improving margins and driving sustainable growth while enhancing its operational fundamentals [11] - Hepsiburada's "Technology Empowerment for Women Entrepreneurs" program has supported approximately 65,000 women entrepreneurs as of June 30, 2025 [18]

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]

Financial Performance - Hepsiburada's GMV reached TRY 1886 billion in FY 2024, representing a 121% year-over-year growth[17] - Gross Contribution Margin improved to 113% of GMV in FY 2024, a 21 percentage point increase year-over-year[17] - EBITDA reached 11% of GMV in FY 2024, a 07 percentage point increase year-over-year[17] - Revenue increased by 111% to TRY 570466 million in 2024 compared to TRY 513390 million in 2023[18,49] - The company reported a net loss of TRY 16049 million for 2024, compared to a net income of TRY 1091 million in 2023[18,53] Customer and Merchant Metrics - Hepsiburada had 122 million active customers in 2024, an increase of 235K year-over-year[21] - The platform had 100K active merchants[21] - The number of orders increased by 16% year-over-year to 1314 million[21] - Order frequency increased by 14% year-over-year to 108[21] Strategic Initiatives - Hepsiburada Premium membership reached 37 million members[26] - HepsiJet's platform penetration increased by 52 percentage points year-over-year, with 72% of total parcels delivered by HepsiJet[26] - 33 million orders were placed through affordability solutions[29] - HepsiJet's off-platform volume share reached 346%, up by 97 percentage points year-over-year[32] Cash Flow - Free Cash Flow was TRY 3702 million for FY 2024[60]

Core Insights - Hepsiburada reported a challenging first quarter in 2025, with significant declines in key financial metrics due to politically driven consumption boycotts and a decelerating market [6][19][24] Financial Performance - Gross merchandise value (GMV) decreased by 14.8% to TRY 42.7 billion compared to TRY 50.1 billion in Q1 2024 [4][10] - Revenue decreased by 7.9% to TRY 14,386.9 million compared to TRY 15,619.0 million in Q1 2024 [4][23] - EBITDA decreased by 72.8% to TRY 108.8 million, corresponding to 0.3% of GMV, down from 0.8% in Q1 2024 [4][34] - Net loss for the period was TRY 355.1 million, compared to a net loss of TRY 180.5 million in Q1 2024 [11][32] Operational Metrics - The number of orders decreased by 18.9% to 23.8 million compared to 29.3 million in Q1 2024 [4][10] - Active customers decreased by 0.9% to 12.0 million compared to 12.1 million as of March 31, 2024 [4][10] - Average order value (excluding digital products) grew by 4.2% in Q1 2025 compared to Q1 2024 [4][19] Market Dynamics - The share of Marketplace GMV increased to 68.8% from 68.4% in Q1 2024 [4][10] - The annual inflation rate published by TurkStat was 38.1% as of March 31, 2025, down from 68.5% a year earlier [19] Strategic Initiatives - Hepsiburada improved its gross contribution margin by 200 basis points year over year, driven by initiatives like Hepsiads and Hepsiburada Premium [7][28] - The logistics capabilities of HepsiJet expanded, increasing its share of external customer deliveries from 33% to 40% of total parcels delivered [8] ESG Actions - The "Technology Empowerment for Women Entrepreneurs" program reached an additional 2,678 women, supporting approximately 63,000 women entrepreneurs to date [15] - Hepsiburada sponsored books and board games for children affected by the February 2023 earthquakes, reaching over 250,000 children [16]

Core Viewpoint - Hepsiburada, a leading Turkish e-commerce platform, has filed its annual report for the fiscal year ended December 31, 2024, with the SEC, highlighting its ongoing commitment to transparency and investor relations [1]. 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 [3]. - The company aims to lead the digitalization of commerce in Türkiye, providing a wide range of services including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions [4]. Financial Reporting - The annual report includes audited consolidated financial statements and is available for shareholders and ADS holders upon request [2]. Social Impact - Since its inception in 2000, Hepsiburada has focused on empowering women in the Turkish economy, notably through its 'Technology Empowerment for Women Entrepreneurs' program, which has supported around 61,000 female entrepreneurs [5].