Hepsiburada, a Turkish e-commerce platform, reported its financial results for the second quarter and first half of 2025. The company had a net loss of TRY 723.8 million in Q2 2025, compared to a net loss of TRY 519.3 million in Q2 2024. Revenue increased by 22.6% to TRY 16,743.8 million. Gross merchandise value (GMV) increased by 11.9% to TRY 51.1 billion in Q2 2025, while the number of orders increased by 8.1% to 18.9 million.

The company restated its financial statements in accordance with IAS 29, which requires adjustments for changes in a general price index. IAS 29-Unadjusted GMV increased by 52.2% to TRY 50.3 billion in Q2 2025. Revenue for the first half of 2025 increased by 5.9% to TRY 31,994.9 million, while GMV decreased by 2.5% to TRY 96.4 billion.

Hepsiburada’s EBITDA increased by 41.6% to TRY 739.5 million in Q2 2025, with an EBITDA margin of 1.4%. Free cash flow was an inflow of TRY 3,405.2 million, compared to an outflow of TRY 870.4 million in Q2 2024. The company also reported a decrease in active customers and order frequency, along with changes in marketplace GMV and the share of marketplace GMV.

The company highlighted its support for social, commercial, and economic initiatives in Q2 2025. The “Technology Empowerment for Women Entrepreneurs” program saw an increase of 1,790 women participants, bringing the total to approximately 65 thousand. Hepsiburada also sponsored the Turkish National Women’s and Men’s Basketball Teams, launching the “From the Court to the Paw” project to donate pet food for every point scored during the FIBA EuroBasket 2025 Championship.

Hepsiburada’s financial review included a restatement of financial information in accordance with IAS 29. Revenue, operating expenses, and other key financial metrics were presented and analyzed for the second quarter and first half of 2025. The company provided a detailed breakdown of its non-IFRS financial measures and reconciliation to the most directly comparable IFRS measures.

In conclusion, Hepsiburada reported mixed financial results for the second quarter and first half of 2025, with revenue growth, increased EBITDA, and positive free cash flow. The company remains focused on sustainable growth, improving margins, and strengthening its business fundamentals, while continuing to support various social and economic initiatives.

Read more at GlobeNewswire: Hepsiburada Announces Second Quarter 2025 Financial