{"id":1012,"date":"2026-02-09T23:11:32","date_gmt":"2026-02-09T20:11:32","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1012"},"modified":"2026-02-09T23:11:32","modified_gmt":"2026-02-09T20:11:32","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ttrak-turk-traktor-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1012","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #TTRAK | T\u00fcrk Trakt\u00f6r 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/TTRAK--Trk-Traktr-202512-Bilano-Analizi---Trk-Traktrn-2025-Kr-Nasl-Buharlat-e3es0oe\/a-acfc1sp\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>T\u00fcrk Trakt\u00f6r\u2019\u00fcn 2025 Karnesi: Enflasyon Muhasebesi ve Rakamlar\u0131n Ard\u0131ndaki 5 \u00c7arp\u0131c\u0131 Ger\u00e7ek<\/h1>\n<p><b>Teknik Not:<\/b> Bu belgedeki t\u00fcm tutarlar, aksi belirtilmedik\u00e7e 31 Aral\u0131k 2025 tarihi itibar\u0131yla ge\u00e7erli olan &#8220;sat\u0131n alma g\u00fcc\u00fc&#8221; esas\u0131na (TMS 29 Enflasyon Muhasebesi d\u00fczeltmesi) g\u00f6re ifade edilmi\u015ftir.<\/p>\n<h3>1. Giri\u015f: Tar\u0131m\u0131n Devinde De\u011fi\u015fim R\u00fczgarlar\u0131<\/h3>\n<p>1954 y\u0131l\u0131ndan bu yana T\u00fcrk tar\u0131m\u0131n\u0131n mekanizasyonunda amiral gemisi rol\u00fcn\u00fc \u00fcstlenen T\u00fcrk Trakt\u00f6r, 2025 y\u0131l\u0131n\u0131 ekonomik konjonkt\u00fcr\u00fcn en t\u00fcrb\u00fclansl\u0131 d\u00f6nemlerinden birini y\u00f6neterek kapatt\u0131. TMS 29 (Enflasyon Muhasebesi) standartlar\u0131n\u0131n tam set uygulanmas\u0131yla birlikte, finansal tablolar art\u0131k sadece ge\u00e7mi\u015fin kayd\u0131n\u0131 tutmuyor; paran\u0131n eriyen sat\u0131n alma g\u00fcc\u00fc kar\u015f\u0131s\u0131nda \u015firketin ger\u00e7ek kas g\u00fcc\u00fcn\u00fc de ortaya koyuyor. Ko\u00e7 Holding ve CNH Industrial ortakl\u0131\u011f\u0131ndaki bu devin 2025 sonu\u00e7lar\u0131, &#8220;k\u00e2r&#8221; kavram\u0131n\u0131n enflasyonist bir evrende nas\u0131l yeniden tan\u0131mland\u0131\u011f\u0131n\u0131 g\u00f6steren stratejik bir vaka analizi niteli\u011finde.<\/p>\n<h3>2. Karl\u0131l\u0131k Marjlar\u0131ndaki Daralma: Operasyonel Maliyetlerin Bask\u0131s\u0131<\/h3>\n<p>\u015eirketin net d\u00f6nem k\u00e2r\u0131, 2024 y\u0131l\u0131ndaki 7.513.902.623 TL seviyesinden 2025 y\u0131l\u0131nda 454.804.634 TL\u2019ye gerileyerek sert bir daralma sinyali verdi. Ancak as\u0131l hik\u00e2ye k\u00e2r\u0131n miktar\u0131ndan ziyade, bu d\u00fc\u015f\u00fc\u015f\u00fcn kayna\u011f\u0131nda gizli. Has\u0131lat, pazar dinamiklerindeki de\u011fi\u015fimle birlikte 87.657.886.187 TL&#8217;den 53.837.290.099 TL&#8217;ye (~%38,6) gerilerken; Br\u00fct K\u00e2r\u0131n 16,9 milyar TL&#8217;den 7,4 milyar TL seviyesine inmesi, artan maliyetlerin sat\u0131\u015f fiyatlar\u0131na tam yans\u0131t\u0131lamad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<p>Karl\u0131l\u0131k \u00fczerindeki en dramatik bask\u0131 ise finansman taraf\u0131nda ya\u015fand\u0131. K\u0131sa vadeli banka kredilerinin 8,4 milyar TL&#8217;den 10.643.040.031 TL\u2019ye y\u00fckselmesi, y\u00fcksek faiz ortam\u0131yla birle\u015fince finansman giderlerini 6.581.615.308 TL&#8217;ye ta\u015f\u0131d\u0131. Bu tablo, operasyonel verimlilik oda\u011f\u0131n\u0131n neden zorunluluk haline geldi\u011fini kan\u0131tl\u0131yor.<\/p>\n<h3>3. Operasyonel Verimlilik Oda\u011f\u0131: &#8220;Organizasyonel Sadele\u015fme&#8221;<\/h3>\n<p>T\u00fcrk Trakt\u00f6r, 2025 y\u0131l\u0131n\u0131 pasif bir bekleyi\u015fle de\u011fil, &#8220;organizasyonel sadele\u015fme&#8221; hamlesiyle y\u00f6netti. \u015eirket, stok y\u00f6netiminde \u00e7evik bir refleks g\u00f6stererek stok seviyesini 12.753.536.458 TL\u2019den 9.446.149.900 TL\u2019ye indirdi. Bu nakit d\u00f6ng\u00fcs\u00fc y\u00f6netimi, personel yap\u0131s\u0131ndaki stratejik de\u011fi\u015fimle de desteklendi.<\/p>\n<p>2024 sonunda 2.571 olan toplam personel say\u0131s\u0131, 2025 sonunda 2.120&#8217;ye (2.116 daimi, 4 ge\u00e7ici) \u00e7ekildi. Burada dikkat \u00e7ekici olan nokta; d\u00f6nem i\u00e7i ortalama personel say\u0131s\u0131n\u0131n 2.361 olmas\u0131na ra\u011fmen y\u0131l\u0131n 2.120 ile kapat\u0131lmas\u0131d\u0131r. Bu veri, yal\u0131nla\u015fma ve verimlilik odakl\u0131 d\u00f6n\u00fc\u015f\u00fcm\u00fcn \u00f6zellikle 2025&#8217;in ikinci yar\u0131s\u0131nda ivme kazand\u0131\u011f\u0131n\u0131 g\u00f6steren bir analist detay\u0131d\u0131r.<\/p>\n<h3>4. Enflasyondan Korunma Kalkan\u0131: Parasal Pozisyon Kazanc\u0131<\/h3>\n<p>Y\u00fcksek enflasyon, parasal y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc parasal varl\u0131\u011f\u0131ndan fazla olan \u015firketlere &#8220;ka\u011f\u0131t \u00fczerinde&#8221; bir koruma sa\u011flar. T\u00fcrk Trakt\u00f6r, 2025 y\u0131l\u0131nda tam olarak bu mekanizmay\u0131 kullanarak 2.629.347.229 TL tutar\u0131nda &#8220;Net Parasal Pozisyon Kazanc\u0131&#8221; elde etti. 2024 y\u0131l\u0131nda 1.223.785.547 TL olan bu rakam\u0131n iki kat\u0131na \u00e7\u0131kmas\u0131, enflasyonun bilan\u00e7oyu yeniden \u015fekillendirme h\u0131z\u0131n\u0131 g\u00f6steriyor. E\u011fer bu parasal pozisyon kalkan\u0131 olmasayd\u0131, \u015firketin 454,8 milyon TL&#8217;lik net k\u00e2r\u0131 bug\u00fcn \u00e7ok daha farkl\u0131 ve riskli bir noktada tart\u0131\u015f\u0131l\u0131yor olacakt\u0131.<\/p>\n<h3>5. Gelece\u011fe Yat\u0131r\u0131m: 20 Y\u0131ll\u0131k GES Vizyonu ve Te\u015fvikler<\/h3>\n<p>Mevcut karl\u0131l\u0131ktaki s\u0131k\u0131\u015fmaya ra\u011fmen T\u00fcrk Trakt\u00f6r, Ar-Ge harcamalar\u0131n\u0131 761.142.549 TL seviyesinde (ge\u00e7en y\u0131l\u0131n reel de\u011ferinin \u00fczerinde) tutarak inovasyon disiplininden kopmad\u0131. \u015eirket, s\u00fcrd\u00fcr\u00fclebilir enerji maliyetleri i\u00e7in Ankara (525404 nolu te\u015fvik), Adapazar\u0131 (542328 nolu te\u015fvik) ve Sivas lokasyonlar\u0131n\u0131 kapsayan toplam 5 yeni G\u00fcne\u015f Enerjisi Santrali (GES) yat\u0131r\u0131m\u0131 ba\u015flatt\u0131. Bu varl\u0131klara tan\u0131nan 20 y\u0131ll\u0131k ekonomik \u00f6m\u00fcr, y\u00f6netimin uzun vadeli maliyet optimizasyonu vizyonunu teyit ediyor.<\/p>\n<p><b>Stratejik Avantaj<\/b> \u015eirketin sahip oldu\u011fu yat\u0131r\u0131m te\u015fvikleri ve d\u00e2hilde i\u015fleme izin belgeleri, operasyonel maliyetleri a\u015fa\u011f\u0131 \u00e7ekmek ad\u0131na \u015fu kritik unsurlar\u0131 i\u00e7ermektedir:<\/p>\n<ul>\n<li>\u0130thal makine ve ekipmanlarda %100 g\u00fcmr\u00fck vergisi muafiyeti,<\/li>\n<li>Yat\u0131r\u0131m mallar\u0131 i\u00e7in KDV muafiyeti,<\/li>\n<li>Ar-Ge kanunu kapsam\u0131nda %100 Kurumlar Vergisi ve Damga Vergisi istisnalar\u0131,<\/li>\n<li>Yat\u0131r\u0131ma katk\u0131 oranlar\u0131 nispetinde belirlenmi\u015f indirimli kurumlar vergisi ve faiz deste\u011fi.<\/li>\n<\/ul>\n<h3>6. Temett\u00fc Sadakati: &#8220;Ko\u00e7 Temett\u00fc Gelene\u011fi&#8221; Zor Y\u0131lda Sahnede<\/h3>\n<p>Yat\u0131r\u0131mc\u0131 perspektifinden 2025 raporunun en \u00e7arp\u0131c\u0131 verisi temett\u00fc \u00f6demesidir. Net d\u00f6nem k\u00e2r\u0131n\u0131n sadece 454,8 milyon TL olarak ger\u00e7ekle\u015fti\u011fi bir y\u0131lda \u015firket, ortaklar\u0131na tam 5.767.820.622 TL nakit temett\u00fc \u00f6dedi. Cari k\u00e2r\u0131n yakla\u015f\u0131k 12,6 kat\u0131 olan bu devasa \u00f6deme, \u00d6zkaynaklar tablosunda yer alan 9.305.130.871 TL tutar\u0131ndaki &#8220;Ge\u00e7mi\u015f Y\u0131llar Karlar\u0131&#8221; hesab\u0131ndan finanse edildi. Bu hamle, \u015firketin zorlu piyasa ko\u015fullar\u0131nda dahi &#8220;Ko\u00e7 Holding Temett\u00fc Gelene\u011fi&#8221;ne olan ba\u011fl\u0131l\u0131\u011f\u0131n\u0131 ve nakit yaratma g\u00fcc\u00fcne olan g\u00fcvenini simgeliyor.<\/p>\n<h3>7. Sonu\u00e7: 2026\u2019ya Bak\u0131\u015f ve Kritik Soru<\/h3>\n<p>T\u00fcrk Trakt\u00f6r\u2019\u00fcn 2025 finansal sonu\u00e7lar\u0131, b\u00fcy\u00fcmeden ziyade &#8220;dayan\u0131kl\u0131l\u0131k ve verimlilik&#8221; temal\u0131 bir d\u00f6nemin belgesidir. Stoklar\u0131n eritilmesi, organizasyonun 2.120 ki\u015fiye kadar yal\u0131nla\u015ft\u0131r\u0131lmas\u0131 ve enerji yat\u0131r\u0131mlar\u0131yla maliyet yap\u0131s\u0131n\u0131n kal\u0131c\u0131 olarak iyile\u015ftirilmesi, \u015firketin 2026 ve sonras\u0131na daha kasl\u0131 bir yap\u0131yla girmesini hedefliyor.<\/p>\n<p>Peki, enflasyonun finansal tablolar\u0131 en ba\u015ftan yazd\u0131\u011f\u0131 ve sat\u0131n alma g\u00fcc\u00fc d\u00fczeltmelerinin nominal ger\u00e7ekli\u011fi b\u00fckt\u00fc\u011f\u00fc bir d\u00fcnyada, sadece ana k\u00e2r rakam\u0131na bakarak bir devin gelece\u011fini okumak ne kadar m\u00fcmk\u00fcn? 2025 verileri bizlere g\u00f6steriyor ki; bazen &#8220;k\u00fc\u00e7\u00fclen&#8221; bir bilan\u00e7o, asl\u0131nda \u00e7ok daha &#8220;stratejik&#8221; bir gelece\u011fin temelini at\u0131yor olabilir.<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">T\u00fcrk Trakt\u00f6r ve Ziraat Makineleri A.\u015e. 2025 Y\u0131l\u0131 Finansal ve Operasyonel Bilgilendirme Belgesi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, T\u00fcrk Trakt\u00f6r ve Ziraat Makineleri A.\u015e.&#8217;nin (\u015eirket) 1 Ocak \u2013 31 Aral\u0131k 2025 hesap d\u00f6nemine ait finansal tablolar\u0131n\u0131, operasyonel yap\u0131s\u0131n\u0131 ve stratejik konumunu analiz etmektedir. 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131, T\u00fcrkiye Muhasebe Standartlar\u0131 (TMS 29) uyar\u0131nca y\u00fcksek enflasyon muhasebesi d\u00fczeltmelerine tabi tutulmu\u015f ve 31 Aral\u0131k 2025 tarihindeki sat\u0131n alma g\u00fcc\u00fc cinsinden ifade edilmi\u015ftir.<\/p>\n<p>\u015eirketin 2025 y\u0131l\u0131 performans\u0131, bir \u00f6nceki y\u0131la oranla has\u0131lat ve net karda belirgin bir daralma g\u00f6stermektedir. 2024 y\u0131l\u0131nda 7,5 milyar TL seviyesinde ger\u00e7ekle\u015fen net d\u00f6nem kar\u0131, 2025 y\u0131l\u0131nda 454,8 milyon TL&#8217;ye gerilemi\u015ftir. Toplam has\u0131lat ise 87,7 milyar TL&#8217;den 53,8 milyar TL&#8217;ye d\u00fc\u015fm\u00fc\u015ft\u00fcr. Bu daralmaya ra\u011fmen \u015firket, net parasal pozisyon kazan\u00e7lar\u0131 ve stratejik yat\u0131r\u0131m te\u015fvikleri ile mali yap\u0131s\u0131n\u0131 korumaya devam etmektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Kurumsal Organizasyon ve Faaliyet Alan\u0131<\/h2>\n<p>1954 y\u0131l\u0131nda kurulan T\u00fcrk Trakt\u00f6r ve Ziraat Makineleri A.\u015e., T\u00fcrkiye&#8217;nin tar\u0131m mekanizasyonu sekt\u00f6r\u00fcndeki en k\u00f6kl\u00fc kurulu\u015flar\u0131ndan biridir.<\/p>\n<ul>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131 ve Y\u00f6netim:<\/b> \u015eirket, Ko\u00e7 Holding A.\u015e. ve CNH Industrial Osterreich GmbH taraf\u0131ndan m\u00fc\u015fterek olarak y\u00f6netilmektedir. Hisselerinin %25&#8217;i Borsa \u0130stanbul&#8217;da (B\u0130ST) i\u015flem g\u00f6rmektedir.<\/li>\n<li><b>Faaliyet Konusu:<\/b> Tar\u0131m trakt\u00f6rleri, bi\u00e7erd\u00f6verler, i\u015f makineleri ve di\u011fer ziraat aletlerinin \u00fcretimi ve ticaretini kapsamaktad\u0131r.<\/li>\n<li><b>Markalar ve Distrib\u00fct\u00f6rl\u00fck:<\/b> New Holland ve Case markal\u0131 i\u015f makinelerinin ithalat\u0131, sat\u0131\u015f\u0131, pazarlamas\u0131 ve sat\u0131\u015f sonras\u0131 hizmetleri i\u00e7in CNHI International SA ile distrib\u00fct\u00f6rl\u00fck s\u00f6zle\u015fmesi bulunmaktad\u0131r.<\/li>\n<li><b>Sat\u0131\u015f ve Da\u011f\u0131t\u0131m A\u011f\u0131:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla yurt sath\u0131na yay\u0131lm\u0131\u015f 126 trakt\u00f6r sat\u0131\u015f bayisi, 142 yedek par\u00e7a bayisi ve 32 i\u015f makinesi sat\u0131\u015f bayisi ile hizmet verilmektedir.<\/li>\n<li><b>\u0130nsan Kaynaklar\u0131:<\/b> 2025 y\u0131l\u0131 sonunda personel say\u0131s\u0131 2.120&#8217;dir. D\u00f6nem i\u00e7i ortalama personel say\u0131s\u0131 2.361 olarak ger\u00e7ekle\u015fmi\u015ftir (2024 ortalamas\u0131: 2.833).<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Finansal Performans Analizi<\/h2>\n<p>\u015eirketin gelir tablosu verileri, reel sat\u0131n alma g\u00fcc\u00fc baz\u0131nda 2024 y\u0131l\u0131na k\u0131yasla operasyonel hacimde bir k\u00fc\u00e7\u00fclmeye i\u015faret etmektedir.<\/p>\n<h3>Temel Kar veya Zarar G\u00f6stergeleri (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2025<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>53.837.290.099<\/td>\n<td>87.657.886.187<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>(46.434.985.168)<\/td>\n<td>(70.748.039.723)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td>7.402.304.931<\/td>\n<td>16.909.846.464<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet Kar\u0131<\/b><\/td>\n<td>2.118.672.132<\/td>\n<td>9.984.724.838<\/td>\n<\/tr>\n<tr>\n<td><b>Net Parasal Pozisyon Kazanc\u0131<\/b><\/td>\n<td>2.629.347.229<\/td>\n<td>1.223.785.547<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net Kar\u0131<\/b><\/td>\n<td>454.804.634<\/td>\n<td>7.513.902.623<\/td>\n<\/tr>\n<tr>\n<td><b>Pay Ba\u015f\u0131na Kazan\u00e7<\/b><\/td>\n<td>0,0455<\/td>\n<td>0,7509<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Dikkat \u00c7eken Hususlar:<\/b><\/p>\n<ul>\n<li><b>Ar-Ge Yat\u0131r\u0131mlar\u0131:<\/b> Genel has\u0131lat d\u00fc\u015f\u00fc\u015f\u00fcne ra\u011fmen, Ara\u015ft\u0131rma ve Geli\u015ftirme giderleri 689,2 milyon TL&#8217;den 761,1 milyon TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>Enflasyon Muhasebesi Etkisi:<\/b> \u015eirket, parasal y\u00fck\u00fcml\u00fcl\u00fcklerinin parasal varl\u0131klar\u0131ndan y\u00fcksek olmas\u0131 nedeniyle 2,6 milyar TL tutar\u0131nda net parasal pozisyon kazanc\u0131 elde etmi\u015ftir.<\/li>\n<li><b>Finansman Giderleri:<\/b> Finansman giderleri 4,5 milyar TL&#8217;den 6,5 milyar TL&#8217;ye y\u00fckselerek karl\u0131l\u0131k \u00fczerinde bask\u0131 olu\u015fturmu\u015ftur.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Finansal Durum ve Varl\u0131k Yap\u0131s\u0131<\/h2>\n<p>\u015eirketin toplam varl\u0131klar\u0131 2025 y\u0131l\u0131 sonunda 39,6 milyar TL olarak kaydedilmi\u015ftir.<\/p>\n<h3>Varl\u0131k ve Kaynak Da\u011f\u0131l\u0131m\u0131 (31 Aral\u0131k 2025)<\/h3>\n<ul>\n<li><b>D\u00f6nen Varl\u0131klar (22,7 Milyar TL):<\/b> Nakit ve nakit benzerleri 6,7 milyar TL, stoklar ise 9,4 milyar TL seviyesindedir. Stoklarda 2024 y\u0131l\u0131na (12,7 milyar TL) g\u00f6re belirgin bir azal\u0131\u015f g\u00f6r\u00fclmektedir.<\/li>\n<li><b>Duran Varl\u0131klar (16,8 Milyar TL):<\/b> Maddi duran varl\u0131klar 11,2 milyar TL, maddi olmayan duran varl\u0131klar (\u00f6zellikle Ar-Ge aktifle\u015ftirmeleri) 5,3 milyar TL tutar\u0131ndad\u0131r.<\/li>\n<li><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler (18,6 Milyar TL):<\/b> Banka kredileri 10,6 milyar TL ile en b\u00fcy\u00fck kalemi olu\u015fturmaktad\u0131r. Ticari bor\u00e7lar ise 4,8 milyar TL&#8217;dir.<\/li>\n<li><b>\u00d6zkaynaklar (16,7 Milyar TL):<\/b> 100 milyon TL \u00f6denmi\u015f sermayeye ek olarak, 4,8 milyar TL kardan ayr\u0131lan k\u0131s\u0131tlanm\u0131\u015f yedekler ve 9,3 milyar TL ge\u00e7mi\u015f y\u0131llar karlar\u0131 mevcuttur.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Nakit Ak\u0131\u015f\u0131 ve Temett\u00fc Politikas\u0131<\/h2>\n<p>2025 y\u0131l\u0131 i\u00e7erisindeki nakit hareketleri \u015firketin yat\u0131r\u0131m ve finansman stratejilerini yans\u0131tmaktad\u0131r.<\/p>\n<ul>\n<li><b>\u0130\u015fletme Faaliyetleri:<\/b> \u0130\u015fletme faaliyetlerinden 6,2 milyar TL net nakit giri\u015fi sa\u011flanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> Maddi duran varl\u0131k al\u0131mlar\u0131 i\u00e7in 2,1 milyar TL, maddi olmayan duran varl\u0131klar i\u00e7in 1,4 milyar TL nakit \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Temett\u00fc \u00d6demeleri:<\/b> \u015eirket 2025 y\u0131l\u0131 i\u00e7erisinde hissedarlar\u0131na toplam <b>5.767.820.622 TL<\/b> nakit temett\u00fc \u00f6demesi ger\u00e7ekle\u015ftirmi\u015ftir.<\/li>\n<li><b>Finansman:<\/b> Bor\u00e7lanmadan kaynaklanan nakit giri\u015fleri 17,2 milyar TL iken, bor\u00e7 geri \u00f6demeleri 11,2 milyar TL olarak kaydedilmi\u015ftir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Te\u015fvikler, Yard\u0131mlar ve Vergi Stat\u00fcs\u00fc<\/h2>\n<p>\u015eirket, Ankara ve Adapazar\u0131 tesisleri ile Sivas&#8217;taki G\u00fcne\u015f Enerjisi Santrali (GES) yat\u0131r\u0131mlar\u0131 kapsam\u0131nda geni\u015f kapsaml\u0131 devlet te\u015fviklerinden yararlanmaktad\u0131r.<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131m Te\u015fvik Belgeleri:<\/b> Modernizasyon ve komple yeni yat\u0131r\u0131m (GES) kapsam\u0131nda toplam 7 adet aktif te\u015fvik belgesi bulunmaktad\u0131r.<\/li>\n<li><b>Destek Unsurlar\u0131:<\/b>\n<ul>\n<li>\u0130thal makine ve ekipmanlarda %100 g\u00fcmr\u00fck vergisi muafiyeti.<\/li>\n<li>Yat\u0131r\u0131m mallar\u0131 tedarikinde KDV muafiyeti.<\/li>\n<li>Ar-Ge kanunu kapsam\u0131nda %100 Kurumlar Vergisi ve Gelir Vergisi istisnas\u0131.<\/li>\n<li>\u0130ndirimli kurumlar vergisi ve faiz deste\u011fi.<\/li>\n<\/ul>\n<\/li>\n<li><b>Ertelenmi\u015f Vergi:<\/b> \u015eirket, 818,1 milyon TL tutar\u0131nda ertelenmi\u015f vergi y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc ta\u015f\u0131maktad\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>6. \u00d6nemli Muhasebe Notlar\u0131 ve De\u011ferlendirmeler<\/h2>\n<ul>\n<li><b>TMS 29 Uygulamas\u0131:<\/b> Finansal tablolar, paran\u0131n 31 Aral\u0131k 2025 tarihindeki sat\u0131n alma g\u00fcc\u00fc cinsinden yeniden d\u00fczenlenmi\u015ftir. D\u00fczeltme katsay\u0131s\u0131 olarak T\u00dc\u0130K taraf\u0131ndan yay\u0131nlanan T\u00dcFE endeksi kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Garanti Kar\u015f\u0131l\u0131klar\u0131:<\/b> \u015eirket, sat\u0131lan \u00fcr\u00fcnler i\u00e7in 2 y\u0131ll\u0131k yasal garanti taahh\u00fcd\u00fc vermekte ve ge\u00e7mi\u015f istatistiklere dayanarak garanti gider kar\u015f\u0131l\u0131\u011f\u0131 ay\u0131rmaktad\u0131r.<\/li>\n<li><b>Alacak Tahsilat\u0131:<\/b> Yurt i\u00e7i sat\u0131\u015flarda &#8220;Do\u011frudan Bor\u00e7land\u0131rma Sistemi&#8221; (DBS) kullan\u0131lmakta olup, bankalar belirli limitler dahilinde \u00f6deme garantisi sunmaktad\u0131r.<\/li>\n<li><b>Finansal Risk Y\u00f6netimi:<\/b> \u015eirket, nakit ak\u0131\u015f riskinden korunma amac\u0131yla t\u00fcrev ara\u00e7lar kullanabilmektedir; ancak 2025 sonu itibar\u0131yla nakit ak\u0131\u015f riskinden korunmaya ili\u015fkin \u00f6zkaynaklarda bekleyen bir bakiye bulunmamaktad\u0131r.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcrk Trakt\u00f6r 2025 Y\u0131l\u0131 Finansal Sonu\u00e7lar\u0131n\u0131 A\u00e7\u0131klad\u0131! Tar\u0131m mekanizasyonunun lider ismi T\u00fcrk Trakt\u00f6r, 2025 y\u0131l\u0131na ait tam kapsaml\u0131 finansal raporlar\u0131n\u0131 yay\u0131mlad\u0131. Enflasyon d\u00fczeltmesi uygulanm\u0131\u015f verilere g\u00f6re, \u015firket y\u0131l\u0131 53,8 milyar TL has\u0131lat ve 454,8 milyon TL net kar ile kapatt\u0131. Toplam 27.864 adetlik sat\u0131\u015f hacmine ula\u015fan \u015firket, zorlu piyasa ko\u015fullar\u0131na ra\u011fmen 2,6 milyar TL\u2019lik net parasal pozisyon kazanc\u0131 ile dikkat \u00e7ekti. Ar-Ge yat\u0131r\u0131mlar\u0131na ara vermeden devam eden T\u00fcrk Trakt\u00f6r\u2019\u00fcn gelecek vizyonu ve detayl\u0131 bilan\u00e7o analizi blog yaz\u0131m\u0131zda!<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<br \/>\nWordpress Blog Page Excerpt (Translation)<br \/>\nT\u00fcrk Trakt\u00f6r Announces 2025 Financial Results! T\u00fcrk Trakt\u00f6r, the leader in agricultural mechanization, has released its comprehensive financial reports for 2025. According to inflation-adjusted data, the company ended the year with 53.8 billion TL in revenue and a net profit of 454.8 million TL. Achieving a sales volume of 27,864 units, the company stood out with a net monetary position gain of 2.6 billion TL despite challenging market conditions. T\u00fcrk Trakt\u00f6r\u2019s future vision and detailed balance sheet analysis, as it continues its R&#038;D investments without interruption, are in our blog post!<\/p>\n","protected":false},"author":1,"featured_media":974,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[229],"class_list":["post-1012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ttrak"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1012"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1012\/revisions"}],"predecessor-version":[{"id":1013,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1012\/revisions\/1013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/974"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}