D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Cash Flow: Operating & Free Cash Flow

D-Market Elektronik Hizmetler ve Ticaret A.S. Cash Flow Statement Analysis

Values in billions TRY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) - Annual data in billions TRY
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-6.18	-0.05	-2.10	0.14	-6.92	-0.08	-0.94	-0.13	-0.16
Depreciation & Amortization	3.44	0.06	2.68	2.22	1.22	0.02	0.30	0.07	0.08
Stock Based Compensation	0.00	0.00	0.24	0.20	0.36	0.00	0.00	0.00	0.00
Change in Working Capital	2.96	-0.06	-1.55	-1.35	1.46	0.12	0.80	0.20	0.13
Change in Accounts Receivable	-0.64	-0.04	-2.69	-2.74	-0.68	-0.05	-0.21	-0.05	-0.03
Change in Inventory	-1.26	-0.01	-0.46	-2.22	2.61	-0.10	-0.84	-0.16	-0.09
Change in Accounts Payable	7.13	-0.01	-0.30	1.97	-1.87	0.23	1.93	0.35	0.26
Change in Other Working Capital	-2.27	0.00	1.13	-0.46	0.47	0.04	-0.13	0.06	0.00
Other Operating Activities	4.59	0.06	6.59	3.48	0.33	-0.10	0.92	0.23	0.12
Net Cash from Operating Activities	4.81	0.02	7.46	9.49	1.02	-0.05	1.10	0.36	0.17
Investing Activities
Capital Expenditures	-2.62	-0.06	-2.63	-2.18	-2.01	-0.01	-0.24	-0.05	-0.05
Acquisitions	0.01	0.00	-	0.00	-0.01	0.00	0.00	0.00	0.00
Purchases of Investments	-2.59	-0.20	-8.41	-9.59	-3.74	-0.10	0.00	0.00	0.00
Sales/Maturities of Investments	3.68	0.19	8.05	6.48	7.60	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	0.04	4.15	2.10	0.77	0.00	0.09	0.00	0.00
Net Cash from Investing Activities	-1.52	-0.03	1.17	-3.17	2.61	-0.12	-0.15	-0.05	-0.05
Financing Activities
Debt Repayment	-1.59	0.04	-4.96	-0.72	-2.78	-0.02	-3.28	-0.14	-0.06
Common Stock Issued	4.53	0.00	-	0.00	0.00	0.46	0.00	0.18	0.00
Common Stock Repurchased	0.00	0.00	-	-0.09	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-1.22	-0.01	-8.94	-5.99	-2.50	-0.01	-0.84	-0.21	-0.12
Net Cash from Financing Activities	1.71	0.03	-7.68	-6.29	-3.51	0.43	-0.23	-0.17	-0.19
Summary
Effect of Forex Changes on Cash	-1.86	-0.02	0.07	0.33	2.32	-0.05	-0.01	0.01	0.00
Net Change in Cash	3.14	0.00	-1.56	-5.99	-2.39	0.21	0.60	0.15	-0.07
Cash at Beginning of Period	8.36	0.19	10.39	0.29	0.29	0.08	0.05	0.14	0.21
Cash at End of Period	11.51	0.19	8.83	0.19	0.29	0.29	0.08	0.28	0.14
Free Cash Flow	2.19	-0.04	4.83	7.30	-0.99	-0.05	0.85	0.31	0.12
Supplemental Disclosures
Interest Paid	10.82	-	6.83	4.58	2.50	1.97	0.84	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About D-Market Elektronik Hizmetler ve Ticaret A.S. Cash Flow

What is D-Market Elektronik Hizmetler ve Ticaret A.S.'s free cash flow?

D-Market Elektronik Hizmetler ve Ticaret A.S. generated free cash flow of TRY 2.19B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of TRY 4.81B minus TRY 2.62B of capital expenditures. Free cash flow equaled 2.6% of revenue.

How much does D-Market Elektronik Hizmetler ve Ticaret A.S. spend on capital expenditures?

D-Market Elektronik Hizmetler ve Ticaret A.S. spent TRY 2.62B on capital expenditures in fiscal 2025, compared with TRY 61.17M a year earlier. That equals 54.5% of operating cash flow.

Does D-Market Elektronik Hizmetler ve Ticaret A.S. pay dividends or buy back shares?

D-Market Elektronik Hizmetler ve Ticaret A.S.'s cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition