Business Combination (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of detailed information about business combination [line items]

Schedule of Goodwill on Acquisition

14.Goodwill

	2024			2025
As at 1 January		34,078			17,438
Acquisition of subsidiary		—			422,231
Provisional accounting adjustment		(16,640	)		—
Hyperinflation and foreign exchange impacts		—			7,459
As at 31 December		17,438			447,128

Goodwill comprises:

	2024		2025
Hepsiburada		—		429,690
Other		17,438		17,438
As at 31 December		17,438		447,128

Significant cash-generating unit

In performing annual impairment testing, the recoverable amount of Hepsiburada has been calculated based on its value in use, estimated as the present value of projected future cash flows. Projected cash flows include specific estimates for a period of five years.

The Gross merchandise value (“GMV”) growth rates used to estimate cash flows for the five years are based on past performance of Hepsiburada and on the Group’s strategic plan. Growth rate is determined in nominal terms to match nominal estimates of future cash flows.

The assumptions used to develop weighted average cost of capital (“WACC”) are benchmarked to externally available data. Discount rate is determined in nominal terms to match nominal estimates of future cash flows.

The estimated cash flows after year five are extrapolated using a longer-term growth rate (“LTGR”), which is determined as geometric mean of real GDP growth rate for Türkiye.

Key assumptions comprise:

	2025
Average GMV growth		18.8	%
WACC		19.7	%
LTGR		3.5	%

There are no reasonably possible changes in key assumptions that would cause the carrying amount of any CGU to exceed its recoverable amount, except for WACC, where an increase of 1%, with all other assumptions held constant, would cause the CGU’s recoverable amount to equal it’s carrying amount.

Hepsiburada

Disclosure of detailed information about business combination [line items]

Schedule of Amount Recognised of Identifiable Assets and Liabilities Assumed

The amounts recognised in respect of the identifiable assets acquired and liabilities assumed as at the date of acquisition are set out in the table below:

ASSETS:
Cash and cash equivalents	43,962
Financial assets at FVTPL	3,492
Due from banks	1,924
Loans to customers	11,104
Property, equipment and intangible assets	342,875
Inventory	101,431
Other assets	78,882
TOTAL ASSETS	583,670
Due to banks	15,685
Trade liabilities	207,877
Other liabilities	112,245
TOTAL LIABILITIES	335,807
Total identifiable assets acquired and liabilities assumed	247,863

Schedule of Goodwill on Acquisition

Goodwill on acquisition

Total consideration	582,444
Plus: Non-controlling interests	85,736
Less: Fair value of identifiable net assets acquired	(247,863	)
Foreign exchange translation differences	1,908
Goodwill on acquisition	422,225