Quarterly ResultMay 7, 2026, 04:25 PM
Hepsiburada Q1 GMV +28.4% to TRY 57.8B; Net Loss TRY 992.0M
AI Summary
Hepsiburada announced its unaudited financial results for Q1 2026, with Gross Merchandise Value (GMV) increasing by 28.4% to TRY 57.8 billion and revenue growing by 22.9% to TRY 23.1 billion, both adjusted for hyperinflation (IAS 29). The company reported a net loss of TRY 992.0 million, a significant increase from TRY 464.7 million in Q1 2025, primarily due to investments in growth initiatives and higher financial expenses. Despite this, EBITDA improved by 195.1% to TRY 420.3 million, and free cash flow improved by 8.1%.
Key Highlights
- Gross Merchandise Value (GMV) increased by 28.4% to TRY 57.8 billion.
- Revenue increased by 22.9% to TRY 23,136.6 million.
- Number of Orders grew by 22.1% to 20.3 million.
- Active Customers increased by 2.5% to 11.6 million.
- EBITDA increased by 195.1% to TRY 420.3 million, reaching 0.7% of GMV.
- Net loss for the period was TRY 992.0 million, up 113.5% from Q1 2025.
- Free cash flow improved by 8.1% to negative TRY 1,120.2 million.
- Gross Contribution Margin decreased by 0.8 percentage points to 14.7%.