Hepsiburada, a Turkish e-commerce platform, announced its unaudited financial results for the third quarter and nine months ended September 30, 2025. The financial statements were adjusted for hyperinflation according to IAS 29. GMV increased by 8.9% to TRY 61.4 billion, while revenue increased by 22.1% to TRY 19,919.8 million compared to the same period in 2024.

The financial statements of Hepsiburada were restated pursuant to IAS 29, adjusting for hyperinflation effects using price indices published by the Turkish Statistical Institute. Key metrics like GMV, revenue, and EBITDA were affected by this adjustment. EBITDA decreased by 74.3% to TRY 173.8 million, with a net loss of TRY 1,324.8 million for Q3 2025.

Hepsiburada’s CEO commented on the results, noting an increase in order growth and revenue. Despite a decrease in EBITDA and an increase in net loss due to investments in growth projects, the company saw improvements in delivery operations, payment solutions, and marketing initiatives, leading to a rise in conversion rates.

The company has taken ESG actions, supporting women entrepreneurs through programs like TEWE and launching initiatives to integrate women entrepreneurs into e-commerce. Hepsiburada’s sustainability report for 2024 highlights its commitment to the environment, ecosystem, and trust, with a focus on responsible business practices.

Hepsiburada also announced a share capital increase of TRY 4,171,960,010.85, with the nominal share capital increasing to TRY 72,368,116.80. The company’s financial statements and operational metrics reflect its continued growth and strategic initiatives to drive e-commerce innovation in Turkey.

Read more at GlobeNewswire: Hepsiburada Announces Third Quarter 2025 Financial Results