Welcome to our dedicated page for D-Market Electronic Services & Trading news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading stock.
D-MARKET Electronic Services & Trading reports recurring updates as Hepsiburada, a Turkish e-commerce technology platform whose ADSs trade under HEPS. The company operates a hybrid model that combines first-party direct sales with a third-party marketplace, offering electronics and non-electronics merchandise and generating revenue from sales of goods, marketplace activity and other services.
Company announcements address unaudited financial results, order, GMV and revenue trends, and IFRS reporting adjusted under IAS 29 for hyperinflationary economies. Recurring business topics include Hepsipay digital wallets, general-purpose loans, buy now pay later, fulfillment, last-mile delivery, advertising, cross-border sales, payment services, affordability solutions, shareholder meetings, governance matters and ADR voting mechanics.
Hepsiburada (NASDAQ: HEPS) reported Q1 2026 results with GMV up 28.4% to TRY 57.8 billion and revenue up 22.9% to TRY 23,136.6 million (all figures restated under IAS 29). EBITDA rose to TRY 420.3 million and EBITDA margin improved by 0.4pp. Net loss widened to TRY 992.0 million; free cash flow was negative TRY 1,120.2 million.
Operationally, orders increased 22.1% to 20.3 million and active customers reached 11.6 million. IAS 29 restatements apply; unadjusted figures are also provided in the release.
Hepsiburada (NASDAQ: HEPS) will report unaudited first quarter 2026 results for the period ending March 31, 2026, on Thursday, May 7, 2026, after the U.S. market close.
The company said investors can expect the Q1 2026 report and any accompanying management commentary on that date.
Hepsiburada (NASDAQ: HEPS) reported unaudited Q4 and FY 2025 results restated under IAS 29 for hyperinflation. Q4 GMV rose 10.5% to TRY 85.3 billion and revenue rose 17.8% to TRY 27,970.5 million. Free cash flow grew sharply to TRY 3,468.1 million in Q4 and TRY 8,877.0 million for FY 2025.
However, EBITDA fell to TRY 1.1 million in Q4 and TRY 1,141.4 million for FY, while net loss widened to TRY 3,082.3 million in Q4 and TRY 5,699.2 million for FY 2025.
Hepsiburada (NASDAQ: HEPS) will release its unaudited fourth quarter and full year 2025 financial results after U.S. market close on Feb 26, 2026. The company is reporting results for the period ending December 31, 2025 and timing follows U.S. market hours for disclosure.
Hepsiburada (NASDAQ: HEPS) reported Q3 2025 results on Nov 5, 2025 with financials restated under IAS 29. Key IAS 29-adjusted highlights: GMV rose 8.9% to TRY 61.4b, Revenue +22.1% to TRY 19,919.8m, and Gross contribution margin improved 0.5pp to 12.1%. Free cash flow increased to TRY 2,584.3m (Q3) and TRY 5,183.1m (9M).
Headlines also show material deterioration in profitability: EBITDA fell 74.3% to TRY 173.8m and Net loss widened to TRY 1,324.8m. Subsequent event: a share capital increase of TRY 4,171,960,010.85, raising share count from 325,998,290 to 361,840,584 (nominal value unchanged).
Hepsiburada (NASDAQ: HEPS) will report unaudited third quarter results for the period ended September 30, 2025 before U.S. markets open on Wednesday, November 5, 2025. The announcement gives investors a scheduled date and timing to review the company’s Q3 2025 financial results and prepare for any related disclosures.
Hepsiburada (NASDAQ: HEPS) called an Extraordinary General Assembly Meeting for November 17, 2025 at 11:00 local time at its İstanbul headquarters to approve a TRY 4,171,960,010.85 share capital increase.
The increase allocates TRY 7,168,458.80 to nominal value and TRY 4,164,791,552.05 to share premium, raising nominal capital from TRY 65,199,658.00 (325,998,290 shares) to TRY 72,368,116.80 (361,840,584 shares); nominal share value remains TRY 0.20. The Bank of New York Mellon’s ADS pre-emptive rights will be disapplied per Article 461/2 of the TCC. Meeting agenda and explanatory notes are available on the company investor relations website as of October 20, 2025.
D-MARKET (NASDAQ:HEPS), also known as Hepsiburada, has submitted Amendment No. 1 to its previously filed Form 6-K. The amendment specifically addresses a clerical error in Exhibit 99.4, which contains the Board of Directors' Annual Report for 2024. The original Form 6-K was filed on August 15, 2025, regarding the Company's Annual General Assembly Meeting of Shareholders scheduled for September 15, 2025.
The amendment solely restates the Board of Directors' Annual Report, with all other aspects of the original filing remaining unchanged.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced its Ordinary General Assembly Meeting for the financial year 2024, scheduled for September 15, 2025, at 11:00 Istanbul time. The meeting will be held at the company's headquarters in Istanbul.
The agenda includes standard items such as the election of General Assembly Chairmanship, discussion of annual reports, approval of 2024 financial statements, release of Board members, decisions on profit distribution, board member compensation, appointment of independent auditors, and setting donation limits at 2 per thousands of total net assets.
ADS holders must exercise their voting rights through The Bank of New York Mellon, the depositary of the Company's ADS program. Meeting materials are available on the company's investor relations website from August 15, 2025.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, reported its Q2 2025 financial results showing mixed performance. The company's GMV increased by 11.9% to TRY 51.1 billion, while revenue grew 22.6% to TRY 16.7 billion compared to Q2 2024.
Key metrics showed operational challenges with Active Customers declining 0.8% to 12.0 million and Order Frequency decreasing by 11% to 9.3. However, EBITDA improved significantly, increasing 41.6% to TRY 739.5 million. The company's net loss widened by 39.4% to TRY 723.8 million, mainly due to increased provision expenses and one-off costs related to global operations.
The company demonstrated strong cash management with free cash flow improving to an inflow of TRY 3,405.2 million compared to an outflow in Q2 2024. The Marketplace GMV share stood at 68.2%, showing a slight decline from 71.1% in the previous year.