Welcome to our dedicated page for D-Market Electronic Services & Trading SEC filings (Ticker: HEPS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The D-Market Electronic Services & Trading (Hepsiburada) SEC filings page for NASDAQ: HEPS provides access to the company’s regulatory disclosures as a foreign private issuer. Hepsiburada files annual reports on Form 20-F and current reports on Form 6-K under the U.S. Securities Exchange Act of 1934, furnishing press releases, financial information and shareholder meeting materials to investors.
Through its Form 6-K submissions, the company furnishes quarterly and annual financial result announcements that detail gross merchandise value (GMV), revenue composition, marketplace GMV share, gross contribution, EBITDA, net income or loss, cash flow metrics and explanations of IAS 29 hyperinflation adjustments. These filings also present non-IFRS measures such as IAS 29-unadjusted GMV and EBITDA, along with reconciliations to the most directly comparable IFRS measures.
Hepsiburada’s 6-K filings additionally cover corporate governance and shareholder decisions, including voting results of Ordinary and Extraordinary General Assembly meetings, approval of audited financial statements, profit distribution decisions, board remuneration, appointment of independent auditors, authorization of board members under the Turkish Commercial Code and limits on donations. Materials such as explanatory notes on agendas, proxy cards, board annual reports and independent auditor reports are also furnished as exhibits.
Other HEPS filings document capital structure and financing activities, such as share capital increases and bond issuances at its indirect subsidiary Hepsifinans, which are intended to support the company’s consumer finance business. These disclosures help investors understand how Hepsiburada funds its operations and fintech initiatives.
On Stock Titan, these SEC filings are updated as new Form 6-K and Form 20-F documents are posted to EDGAR. AI-powered tools summarize key points from lengthy filings, highlight important changes in operating metrics, capital structure and governance, and make it easier to locate information on topics such as hyperinflation accounting, non-IFRS measures and shareholder resolutions.
D-MARKET Electronic Services & Trading (Hepsiburada) reported leadership changes. Ms. Esra Beyzadeoğlu will step down as Chief Customer Experience and People Officer effective January 31, 2026, with human resources now reporting directly to the Chief Executive Officer.
The Board also accepted the resignation of Mr. Erman Kalkandelen as a Board member representing TurkCommerce B.V., after TurkCommerce B.V. ceased to be a shareholder of the Company.
Joint Stock Company Kaspi.kz has updated its ownership filing to reflect a larger stake in D-MARKET Electronic Services & Trading. After giving effect to a new stock purchase agreement, Kaspi.kz beneficially owns 304,238,587 ordinary shares, representing 85.17% of D-MARKET’s outstanding ordinary shares. On January 5, 2026, Kaspi.kz agreed to buy 32,885,686 ordinary shares from TurkCommerce B.V. for an aggregate price of USD 97,012,773.70, funded from its working capital. Closing is scheduled for January 9, 2026, subject to closing conditions within the parties’ control. Kaspi.kz states that the purpose of these transactions is to hold a controlling interest in D-MARKET and it continues to review its investment and potential strategic actions on an ongoing basis.
D-MARKET (HEPS) shareholders approved the audited consolidated financial statements for the year ended December 31, 2024 and released the Board for its 2024 activities. The meeting decided no dividend distribution because the company did not generate profit in 2024. Independent directors' pay was set at USD 100,000 annually plus USD 20,000 for each committee chair role and USD 10,000 for each committee member role. DRT Yeminli Mali Müşavirlik ve Bağımsız Denetim A.Ş. was appointed as independent auditor through the next annual meeting discussing 2025 accounts. Shareholders authorized Board actions under the Turkish Commercial Code articles cited, approved inflation accounting procedures per the Tax Procedure Law and TCC, and authorized donations up to 0.2% (2 per thousand) of total assets for the fiscal year.
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