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Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced its second issuance of asset-backed securities amounting to TRY 350 million. The issuance, which settled on September 27, 2024, is part of a TRY 2 billion limit approved by the Capital Markets Board for Pasha Yatırım Bank Hepsiburada Varlık Finansmanı Fonu. Hepsiburada participated as the originating entity for its BNPL (Buy Now, Pay Later) receivables.

The issue comprises six tranches with an average maturity of 84 days and an annual average interest rate of 51.00%. Hepsiburada plans to use the funds to sustainably grow its BNPL business and reduce its impact on working capital.

Hepsiburada (NASDAQ: HEPS) has announced changes to its Board Committees' composition and enhanced Risk Committee function. Effective September 21, 2024, the Audit Committee includes Tayfun Bayazıt, Ahmet Ashaboğlu, and Stefan Gross-Selbeck. The Risk Committee comprises Ahmet Ashaboğlu, Tayfun Bayazıt, and Tolga Babalı. The Corporate Governance Committee now includes Hikmet Ersek, Ahmet Ashaboğlu, and Tolga Babalı, with Ersek replacing Bayazıt.

The Board has determined that Ersek, Bayazıt, Ashaboğlu, and Gross-Selbeck qualify as independent directors. All Audit Committee members meet independence requirements and are considered financial experts. Starting in 2025, the Risk Committee will function as an Early Detection of Risk Committee, meeting six times annually and reporting to the Board bimonthly.

Hepsiburada (NASDAQ: HEPS) has released the 18-month results of its 'Trade and Technology Empowerment for the Earthquake Region' program, covering March 6, 2023 to September 6, 2024. Key highlights include:

• 8,900 active merchants in the earthquake region, with 4,650 new businesses joining the platform
• 10.3 million products sold through 6.8 million orders, generating over TRY 6.8 billion in trade volume
• Women entrepreneurs and cooperatives generated over TRY 480 million in trade volume
• Plans to open a third E-Commerce Specialization Center in Kahramanmaraş
• Second round of the 'Promise for Tomorrow' training and internship program for university students affected by the earthquakes

The program is expected to continue for two years from its inception, supporting local businesses and fostering e-commerce growth in the affected region.

Hepsiburada, a leading Turkish e-commerce platform (NASDAQ: HEPS), has released its 2023 Sustainability Report. As the first e-commerce platform in Türkiye to sign the UN Global Compact, Hepsiburada demonstrates its commitment to sustainability and green transformation. Key highlights include:

- Introduction of 21 electric vehicles in logistics operations, aiming for 50 by year-end
- Implementation of 'Multi-Vehicle Route Optimization' technology, reducing fuel-related carbon emissions
- Recycling of nearly 964,000 kg of packaging waste and use of 100% recyclable materials
- Support for over 50,000 women entrepreneurs through various programs
- Launch of 'Trade and Technology Power for the Earthquake Region' program to support SMEs and artisans

Hepsiburada aims to generate TRY 10 billion in sales from the earthquake region by 2025, supporting 120,000 jobs and impacting 500,000 lives. The company also increased its female manager ratio to 36% in 2023.

Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, announced its unaudited financial results for Q2 2024 and H1 2024.

Gross Merchandise Value (GMV) for Q2 2024 increased by 3.9% to TRY 33.8 billion, while revenue remained flat at TRY 10.1 billion. The number of orders rose 33.3% to 36.7 million. Active customers grew by 0.5% to 12.1 million. However, the company reported a loss of TRY 384.5 million compared to income of TRY 1,511.9 million in Q2 2023.

For H1 2024, GMV increased by 21.6% to TRY 73.1 billion, and revenue was up 20.5% to TRY 22.4 billion. EBITDA rose 151.4% to TRY 700.3 million. The company posted a loss of TRY 526.3 million compared to income of TRY 1,159.7 million in H1 2023. Free cash flow was positive at TRY 471.6 million.

Hepsiburada's Q3 2024 outlook anticipates GMV growth of 70%-75% YoY and an EBITDA around 2.2% of GMV.

Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced it will release its unaudited financial results for the second quarter of 2024 on September 11, 2024, before the U.S. market opens. The company will host an analyst and investor conference call and live webcast to discuss these results at 16:00 Istanbul / 14:00 London / 9:00 a.m. New York time on the same day.

Interested parties can access the live webcast through the provided link, and a replay will be available on Hepsiburada's Investor Relations website. The company's results presentation will also be accessible on the same website on September 11, 2024.

Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced its Ordinary General Assembly Meeting for the financial year 2023. The meeting is scheduled for September 12, 2024 at 11:00 Istanbul time at the company's headquarters. The agenda includes key items such as:

1. Discussion of annual report and financial statements
2. Release of Board members from their 2023 activities
3. Decision on profit distribution
4. Approval of new Board member appointments
5. Appointment of independent auditor for 2024
6. Authorization for commercial activities under Turkish Commercial Code
7. Approval of Class B share purchase and directors' insurance policy renewal

Shareholders, including ADS holders, can exercise their voting rights through the designated procedures. Explanatory notes and related materials will be available on the company's investor relations website from August 9, 2024.

Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has partnered with Warner Bros. Discovery to offer BluTV subscriptions to Hepsiburada Premium members. BluTV, acquired by Warner Bros. Discovery in December 2023, provides Turkish and international content. This collaboration aims to create growth opportunities for both Hepsiburada Premium and BluTV.

Hepsiburada CEO Nilhan Onal Gökçetekin expressed enthusiasm for the partnership, highlighting the potential for enriching the exclusive experience for Premium members. Jamie Cooke, GM CEE, Middle East & Turkey of Warner Bros. Discovery, emphasized their excitement to expand their presence in the Turkish market through this partnership.

As of May 31, 2024, Hepsiburada Premium has 2.6 million subscribers, offering benefits such as free delivery, cashback, and discounted services.

Hepsiburada, a leading Turkish e-commerce platform, announced the results of its 'Trade and Technology Empowerment for the Earthquake Region' program. Over a fifteen-month period ending May 31, 2024, the program generated a trade volume of TRY 5.2 billion. The number of active merchants in the earthquake region reached over 8,200, with around 3,800 new businesses joining. The trade volume saw a 50% increase in the last three months. Women entrepreneurs contributed approximately TRY 397 million to the trade volume. Hepsiburada also organized e-commerce training programs and social responsibility activities, benefiting children and university students in the affected areas.