Recent Updates — HEPS
D-MARKET Electronic Services & Trading (d/b/a Hepsiburada) completed a capital increase approved at its Extraordinary General Assembly on August 14, 2026. The company received TRY 9,321,419,250.00, with TRY 14,285,700.00 allocated to nominal value and the remainder to share premium. Following registration, registered nominal share capital increased to TRY 86,653,816.80, divided into 433,269,084 shares with a nominal value of TRY 0.20 each. Hepsiburada operates as a leading e-commerce technology platform in Türkiye.
D-MARKET Electronic Services & Trading, operating as Hepsiburada, reported unaudited financial results for the second quarter ended June 30, 2026. Gross merchandise value increased 2.8% to TRY 56.7 billion, while revenue rose 3.1% to TRY 22,810.9 million. The company recorded a net loss of TRY 1,889.6 million compared to TRY 956.2 million in the prior year period, driven by increased advertising and shipping expenses. EBITDA decreased significantly to TRY 239.2 million from TRY 976.9 million, with EBITDA margin contracting to 0.4% of GMV. Free cash flow fell 65.5% to TRY 1,553.2 million. The company operates in the Turkish e-commerce and digital services industry.
D-MARKET Electronic Services & Trading (d/b/a Hepsiburada) will report its unaudited financial results for the second quarter ending June 30, 2026, following the U.S. market close on August 6, 2026. The company is a leading Turkish e-commerce technology platform providing marketplace, retail, logistics, and payment solutions in Türkiye.