← D-MARKET Electronic Services & Trading
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Net Income | — | — | — | — | ($6.9b) | $142.7m | ($2.1b) | ($5.7b) | |
| Net Income From Continuing Operations | — | — | — | — | ($6.9b) | $142.7m | ($2.1b) | ($5.7b) | |
| Depreciation and amortization | — | $66.3m | $93.2m | $140.9m | $512.8m | $1.2b | $2.0b | $3.2b | |
| Depreciation Amortization Depletion | — | — | — | — | $1.2b | $2.2b | $2.7b | $3.2b | |
| Deferred Income Tax | — | — | — | — | — | $0 | $0 | ($43.1m) | |
| Deferred Tax | — | — | — | — | — | $0 | $0 | ($43.1m) | |
| Adjustments For Share-Based Payments | — | — | — | $85.3m | $152.1m | $106.4m | $179.9m | — | |
| Provision for impairment of trade goods, net | — | — | — | $11.1m | ($17.4m) | $34.8m | ($17.6m) | $115.2m | |
| Share-based payment expense | — | — | — | $85.3m | $152.1m | $106.4m | $179.9m | $216.1m | |
| Asset Impairment Charge | — | — | — | — | ($25.1m) | $0 | $0 | $269.5m | |
| Interest and fees expenses | — | $253.8m | $348.5m | $632.6m | $1.1b | $3.2b | $7.3b | $11.5b | |
| Additional Financial Items | |||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | — | — | ($73.3m) | ($74.9m) | ($285.2m) | ($1.4b) | — | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | — | $12.9m | ($1.3b) | ($1.4b) | ($285.8m) | ($515.3m) | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | $58.4m | $104.8m | $200.8m | $307.5m | $471.3m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | — | $48.0m | — | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | $1.6b | $1.8b | $944.7m | $577.3m | $5.2b | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | $1.3b | $1.9b | $1.2b | $379.8m | $3.8b | — | |
| (Loss)/income for the year | — | — | — | — | — | $142.7m | ($2.1b) | ($5.7b) | |
| Interest income on time deposits | — | ($10.7m) | ($21.0m) | ($42.5m) | ($201.1m) | ($504.1m) | ($1.7b) | ($2.7b) | |
| Interest income on credit sales | — | ($13.5m) | ($18.6m) | ($33.4m) | ($125.6m) | ($372.3m) | ($1.4b) | ($1.4b) | |
| Interest income on financial investments | — | — | — | — | — | ($1.2m) | ($1.7m) | ($13.1m) | |
| Provision for unused vacation liability | — | $2.1m | $4.9m | $10.9m | $24.5m | $78.7m | $41.7m | $213.1m | |
| Provision for personnel bonus | — | $10.4m | $13.5m | $39.3m | $127.7m | $234.2m | $448.1m | $614.6m | |
| Provision for Competition Authority investigation | — | — | — | $127.5m | ($5.8m) | ($126.6m) | — | — | |
| Provision for Turkish Capital Markets Board fee | — | — | — | — | $23.7m | $24.0m | — | — | |
| Provision for legal disputes | — | $1.8m | $2.7m | $1.7m | $13.5m | $18.6m | $18.2m | $37.1m | |
| Provision for license fee | — | — | — | — | — | — | $180.0m | $289.0m | |
| Provision for doubtful receivables | — | ($20k) | $14.5m | ($4.8m) | ($10.6m) | $49.0m | $258.5m | $552.7m | |
| Provision for loan receivables | — | — | — | — | — | — | $160.1m | $301.3m | |
| Provision for post-employment benefits | — | $557k | $803k | $1.7m | $4.0m | $57.6m | $69.8m | $102.6m | |
| Fair value gains of financial investments | — | — | — | $40.2m | $45.5m | ($237.5m) | ($127.6m) | ($64.7m) | |
| Net foreign exchange differences | — | ($6.1m) | $12.9m | ($1.3b) | ($1.4b) | ($285.8m) | ($515.3m) | ($429.0m) | |
| Monetary losses on non-operating activities | — | — | $105.5m | $1.5b | $2.4b | $3.4b | $2.5b | $2.0b | |
| Monetary gains on provisions | — | — | ($6.7m) | ($29.8m) | ($170.8m) | ($296.0m) | ($257.7m) | ($514.7m) | |
| Change in trade payables and payables to merchants | — | $353.7m | $1.0b | $2.0b | ($787.0m) | $1.0b | ($226.3m) | $6.6b | |
| Change in inventories | — | ($163.9m) | ($418.3m) | ($864.6m) | $1.1b | ($1.2b) | ($354.3m) | ($1.2b) | |
| Change in trade and loan receivables | — | — | — | — | ($678.5m) | ($2.1b) | ($2.1b) | ($155.9m) | |
| Change in contract liabilities and merchant advances | — | $50.8m | $39.5m | $68.5m | $278.4m | $290.8m | ($149.7m) | $289.9m | |
| Change in contract assets | — | ($12.3m) | ($36.4m) | $48.4m | ($3.3m) | $2.9m | ($12.3m) | $58.5m | |
| Change in other liabilities | — | $5.7m | $37.4m | $255.6m | $128.9m | $292.9m | $415.7m | ($848.9m) | |
| Change in other assets | — | $3.7m | ($86.4m) | ($423.4m) | $206.9m | $74.0m | $825.9m | ($514.3m) | |
| Change in due from related parties | — | ($1.7m) | ($93k) | $1.2m | $1.9m | ($6.4m) | ($1.3m) | $18.9m | |
| Change in due to related parties | — | $1.1m | $1.3m | $5.1m | ($25.4m) | ($8.6m) | $6.2m | ($16.9m) | |
| Post-employment benefits paid | — | ($1.1m) | ($1.5m) | ($3.0m) | ($4.9m) | ($20.7m) | ($35.4m) | ($64.1m) | |
| Payments for concluded litigation | — | ($1.4m) | ($806k) | ($558k) | ($27.7m) | ($394.8m) | ($69.4m) | ($9.4m) | |
| Payments for personnel bonus | — | ($4.5m) | ($10.4m) | ($13.5m) | ($74.8m) | ($175.7m) | ($272.7m) | ($505.7m) | |
| Payments for unused vacation liabilities | — | ($798k) | ($791k) | ($2.5m) | ($2.8m) | ($11.2m) | ($8.9m) | ($22.5m) | |
| Collections of doubtful receivables | — | $13k | $32k | $4.0m | — | $2.4m | $11.7m | $7.4m | |
| Purchases of property and equipment and intangible assets | — | ($53.6m) | ($100.1m) | ($214.8m) | ($845.5m) | ($1.2b) | ($2.0b) | ($2.4b) | |
| Interest received on time deposits | — | $10.7m | $21.0m | $41.7m | $196.1m | $513.4m | $1.7b | $2.7b | |
| Interest received on credit sales | — | $13.5m | $18.6m | $33.4m | $125.6m | $599.0m | $1.4b | $1.3b | |
| Proceeds from bank borrowings | — | $903.3m | $1.6b | $1.8b | $944.7m | $577.3m | $5.2b | $8.4b | |
| Repayment of bank borrowings | — | ($991.3m) | ($1.3b) | ($1.9b) | ($1.2b) | ($379.8m) | ($3.8b) | ($9.9b) | |
| Lease payments | — | ($51.9m) | ($58.4m) | ($104.8m) | ($200.8m) | ($307.5m) | ($471.3m) | ($1.1b) | |
| Beginning Cash Position | — | — | — | — | $14.9b | $16.4b | $10.4b | $8.8b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($3.5b) | ($6.3b) | ($7.7b) | ($9.2b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | $2.6b | ($3.2b) | $1.2b | $2.6b | |
| Change In Account Payable | — | — | — | — | ($1.9b) | $2.0b | ($296.3m) | $6.6b | |
| Change In Inventory | — | — | — | — | $2.6b | ($2.2b) | ($463.8m) | ($1.2b) | |
| Change In Other Current Assets | — | — | — | — | $492.3m | $139.8m | $1.1b | ($514.3m) | |
| Change In Other Current Liabilities | — | — | — | — | $306.6m | $553.5m | $544.1m | ($848.9m) | |
| Change In Other Working Capital | — | — | — | — | $662.3m | $549.5m | ($195.9m) | $289.9m | |
| Change In Payable | — | — | — | — | ($1.9b) | $2.0b | ($288.1m) | $6.6b | |
| Change In Payables And Accrued Expense | — | — | — | — | ($1.9b) | $2.0b | ($288.1m) | $6.6b | |
| Change In Receivables | — | — | — | — | ($681.8m) | ($2.7b) | ($2.7b) | ($78.5m) | |
| Change In Working Capital | — | — | — | — | $1.5b | ($1.8b) | ($2.0b) | $4.2b | |
| Changes In Account Receivables | — | — | — | — | ($678.5m) | ($2.7b) | ($2.7b) | ($155.9m) | |
| Changes In Cash | — | — | — | — | $119.9m | $20.4m | $950.9m | $4.6b | |
| End Cash Position | — | — | — | — | $12.5b | $10.4b | $8.8b | $11.3b | |
| Financing Cash Flow | — | — | — | — | ($3.5b) | ($6.3b) | ($7.7b) | ($9.2b) | |
| Free Cash Flow | — | — | — | — | ($990.8m) | $7.3b | $4.8b | $8.9b | |
| Gain Loss On Investment Securities | — | — | — | — | $23.7m | $24.0m | — | — | |
| Interest Received CFI | — | — | — | — | $765.3m | $2.1b | $4.2b | $4.0b | |
| Investing Cash Flow | — | — | — | — | $2.6b | ($3.2b) | $1.2b | $2.6b | |
| Issuance Of Capital Stock | — | — | — | — | $0 | $0 | $0 | $4.2b | |
| Net Business Purchase And Sale | — | — | — | $0 | ($10.9m) | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | ($3.4b) | ($540.1m) | ($674.5m) | ($429.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | ($2.0b) | ($2.2b) | ($2.6b) | ($2.4b) | |
| Operating Gains Losses | — | — | — | — | ($3.0b) | $160.2m | $57.9m | $501.3m | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | ($4.8b) | ($6.3b) | ($2.6b) | ($2.2b) | |
| Other Non Cash Items | — | — | — | — | $8.1b | $9.6b | $8.4b | $7.9b | |
| Pension And Employee Benefit Expense | — | — | — | — | $371.6m | $700.3m | $732.4m | $930.3m | |
| Provisionand Write Offof Assets | — | — | — | — | ($317.4m) | ($594.7m) | $423.3m | $743.5m | |
| Purchase Of Business | — | — | — | $0 | ($10.9m) | $0 | $0 | — | |
| Purchase Of PPE | — | — | — | $214.8m | ($2.0b) | ($2.2b) | ($2.6b) | ($2.4b) | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | ($90.8m) | $0 | $0 | |
| Sale Of PPE | — | — | — | — | $1.2m | $14.3m | $19.4m | $7.4m | |
| Stock Based Compensation | — | — | — | — | $361.8m | $201.1m | $235.5m | $216.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | $108.3m | ($448.9m) | ($167.0m) | ($64.7m) | |
| Profit or Loss | — | — | ($474.5m) | ($700.1m) | ($2.9b) | $75.5m | ($1.6b) | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | $218k | $160k | $1.2m | $499k | $7.6m | $14.8m | $7.4m | |
| Purchases of financial investments | — | — | — | ($882.2m) | ($1.6b) | ($5.1b) | ($6.4b) | ($2.4b) | |
| Net Investment Purchase And Sale | — | — | — | — | $3.9b | ($3.1b) | ($367.7m) | $1.0b | |
| Purchase Of Investment | — | — | — | — | ($3.7b) | ($9.6b) | ($8.4b) | ($2.4b) | |
| Proceeds from sale of financial investment | — | — | — | — | $3.2b | $3.4b | $6.1b | $3.4b | |
| Sale Of Investment | — | — | — | — | $7.6b | $6.5b | $8.0b | $3.4b | |
| Net cash provided by/ (used in) investing activities | — | ($53.3m) | ($99.9m) | ($1.1b) | $1.1b | ($1.7b) | $894.7m | $2.6b | |
| Issuance Of Debt | — | — | — | — | $2.2b | $1.1b | $6.8b | $8.4b | |
| Long Term Debt Issuance | — | — | — | $5.8b | $2.2b | $833.6m | $5.2b | — | |
| Net Issuance Payments Of Debt | — | — | — | — | ($1.0b) | ($207.7m) | $1.3b | ($2.6b) | |
| Net Long Term Debt Issuance | — | — | — | — | ($477.8m) | ($581.1m) | ($617.0m) | ($1.1b) | |
| Net Short Term Debt Issuance | — | — | — | — | ($532.0m) | $373.4m | $1.9b | ($1.5b) | |
| Short Term Debt Issuance | — | — | — | — | $2.2b | $1.1b | $6.8b | $8.4b | |
| Long Term Debt Payments | — | — | — | — | ($477.8m) | ($581.1m) | ($617.0m) | ($1.1b) | |
| Repayment Of Debt | — | — | — | — | ($3.3b) | ($1.3b) | ($5.6b) | ($11.0b) | |
| Short Term Debt Payments | — | — | — | — | ($2.8b) | ($717.7m) | ($5.0b) | ($9.9b) | |
| Common Stock Issuance | — | — | — | — | $0 | $0 | $0 | $4.2b | |
| Net Common Stock Issuance | — | — | — | — | $0 | ($90.8m) | $0 | $4.2b | |
| Common Stock Payments | — | — | — | — | $0 | ($90.8m) | $0 | $0 | |
| Cash Dividends Paid | — | — | — | — | $0 | $0 | $0 | $0 | |
| Net cash used in financing activities | — | ($170.7m) | ($18.9m) | $3.3b | ($1.5b) | ($3.3b) | ($5.9b) | ($9.2b) | |
| Effects of exchange rate changes on cash and cash equivalents | — | $6.0m | ($12.2m) | $935.4m | $975.5m | $174.4m | $49.9m | $36.8m | |
| Effect Of Exchange Rate Changes | — | — | — | — | $2.3b | $329.6m | $65.3m | $36.8m | |
| Net increase in cash and cash equivalents | — | $139.7m | $322.5m | $2.3b | $50.4m | $10.8m | $726.4m | $4.6b | |
| Cash and cash equivalents at beginning of the year | $136.2m | $282.0m | $592.3m | $3.8b | $5.3b | $5.5b | $6.7b | $11.3b | |
| Effects of inflation on cash and cash equivalents | — | — | ($92.1m) | ($1.5b) | ($2.0b) | ($3.4b) | ($2.0b) | ($2.2b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | $119.9m | $20.4m | $950.9m | $4.6b | |
| Interest and fees paid | — | ($235.0m) | ($313.9m) | ($598.2m) | ($1.0b) | ($3.2b) | ($6.8b) | ($10.8b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.