{"id":1014,"date":"2026-02-09T23:24:17","date_gmt":"2026-02-09T20:24:17","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1014"},"modified":"2026-02-09T23:24:17","modified_gmt":"2026-02-09T20:24:17","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-eukyo-euro-kapital-yatirim-ortakligi-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1014","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EUKYO | Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/EUKYO--Euro-Kapital-Yatrm-Ortakl-202512-Bilano-Analizi---Euro-Kapitalde-Eriyen-Sermaye-ve-mtiyazl-Paylar-e3es0s5\/a-acfc22e\" height=\"102px\" width=\"400px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"3389\"><b class=\"ng-star-inserted\" data-start-index=\"3389\">1. Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Stratejik Manifesto<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"3440\"><span class=\"ng-star-inserted\" data-start-index=\"3440\">Bir yat\u0131r\u0131m ortakl\u0131\u011f\u0131n\u0131n y\u0131ll\u0131k faaliyet raporu, \u00e7o\u011fu zaman sadece karma\u015f\u0131k tablolar ve kuru rakamlardan ibaret bir belge gibi alg\u0131lan\u0131r. Ancak Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.\u2019nin 2025 y\u0131l\u0131 raporu, bu say\u0131lardan \u00e7ok daha fazlas\u0131n\u0131; \u015firketin stratejik bir manifestosunun finansal izd\u00fc\u015f\u00fcm\u00fcn\u00fc bar\u0131nd\u0131r\u0131yor. \u015eeffafl\u0131k ilkesiyle haz\u0131rlanan bu rapor, yat\u0131r\u0131mc\u0131lar i\u00e7in sadece ge\u00e7mi\u015fin bir d\u00f6k\u00fcm\u00fc de\u011fil, \u015firketin yeni d\u00f6nemdeki operasyonel verimlili\u011fini ve risk y\u00f6netimi felsefesini anlamak ad\u0131na kritik bir yol haritas\u0131 niteli\u011findedir.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"3973\"><b class=\"ng-star-inserted\" data-start-index=\"3973\">2. G\u00fc\u00e7 Dengesi: %0,5 Pay ile %83,4 Oy Hakk\u0131<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"4016\"><span class=\"ng-star-inserted\" data-start-index=\"4016\">Euro Kapital\u2019in ortakl\u0131k yap\u0131s\u0131 incelendi\u011finde, sermaye pay\u0131 ile y\u00f6netim g\u00fcc\u00fc aras\u0131ndaki u\u00e7urum, kurumsal y\u00f6netim a\u00e7\u0131s\u0131ndan en dikkat \u00e7ekici unsurdur. \u015eirket sermayesinin sadece %0,50\u2019sine sahip olan Mustafa \u015eahin, sahip oldu\u011fu imtiyazl\u0131 paylar sayesinde toplam oy hakk\u0131n\u0131n %83,40\u2019\u0131n\u0131 elinde tutmaktad\u0131r.<\/span><\/div>\n<div class=\"paragraph blockquote ng-star-inserted\" data-start-index=\"4320\"><span class=\"ng-star-inserted\" data-start-index=\"4320\">&#8220;A grubu imtiyazl\u0131 paylar\u0131n her biri Y\u00f6netim Kurulu \u00dcyelerinin se\u00e7imin de 1.000 oy hakk\u0131na, B grubu paylar\u0131n her biri ise 1 oy hakk\u0131na sahiptir.&#8221;<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"4465\"><span class=\"ng-star-inserted\" data-start-index=\"4465\">Finansal bir analist g\u00f6z\u00fcyle bu durum, &#8220;kilit ki\u015fi riski&#8221; (key man risk) a\u00e7\u0131s\u0131ndan kritik bir de\u011ferlendirmeyi zorunlu k\u0131lar. Bu yap\u0131, y\u00f6netim kurulunun do\u011frudan ana hissedar\u0131n stratejik vizyonunun bir yans\u0131mas\u0131 olmas\u0131n\u0131 sa\u011flarken, karar alma mekanizmalar\u0131nda m\u00fcthi\u015f bir h\u0131z kazand\u0131rmaktad\u0131r. Ancak bu durum, az\u0131nl\u0131k haklar\u0131n\u0131n korunmas\u0131 ve stratejik \u00e7e\u015fitlilik noktalar\u0131nda yat\u0131r\u0131mc\u0131lar\u0131n \u015feffafl\u0131k beklentisini en \u00fcst seviyeye ta\u015f\u0131maktad\u0131r.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"4906\"><b class=\"ng-star-inserted\" data-start-index=\"4906\">3. Stratejik Viraj: Metro Portf\u00f6y\u2019e Zorunlu Ge\u00e7i\u015f<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"4955\"><span class=\"ng-star-inserted\" data-start-index=\"4955\">2025 y\u0131l\u0131n\u0131n portf\u00f6y y\u00f6netimi a\u00e7\u0131s\u0131ndan en keskin d\u00f6n\u00fc\u015f\u00fc 6 May\u0131s 2025 tarihinde ya\u015fanm\u0131\u015ft\u0131r. Bu de\u011fi\u015fim, basit bir tercih de\u011fil; SPK&#8217;n\u0131n i-SPK.48.3.b say\u0131l\u0131 \u0130lke Karar\u0131 \u00e7er\u00e7evesinde, &#8220;Portf\u00f6y Y\u00f6netim Performanslar\u0131n\u0131n De\u011ferlendirilmesi ve Uygulanacak Tedbir&#8221; h\u00fck\u00fcmleri gere\u011fi yap\u0131lm\u0131\u015f bir hamledir. Hizmet sa\u011flay\u0131c\u0131n\u0131n Metro Portf\u00f6y Y\u00f6netimi A.\u015e. olarak g\u00fcncellenmesi, \u015firketin reg\u00fclasyon bask\u0131s\u0131 alt\u0131nda performans\u0131n\u0131 iyile\u015ftirme \u00e7abas\u0131n\u0131n en somut g\u00f6stergesidir. 2025\u2019in ikinci yar\u0131s\u0131ndaki getiri odakl\u0131 yakla\u015f\u0131m\u0131n ba\u015far\u0131s\u0131, bu profesyonel y\u00f6netim de\u011fi\u015fiminin etkinli\u011fine do\u011frudan ba\u011fl\u0131 olacakt\u0131r.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"5554\"><b class=\"ng-star-inserted\" data-start-index=\"5554\">4. Yal\u0131n ve Etkin Operasyon: 6 Ki\u015filik Dev Kadro<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"5602\"><span class=\"ng-star-inserted\" data-start-index=\"5602\">Euro Kapital, operasyonel maliyetleri minimize eden olduk\u00e7a yal\u0131n bir y\u00f6netim modelini benimsemektedir. 31.12.2025 itibar\u0131yla \u015firketin toplam personel say\u0131s\u0131 sadece 6\u2019d\u0131r. Bu k\u00fc\u00e7\u00fck ekibin 72 milyon TL\u2019yi a\u015fan bir net varl\u0131k de\u011ferini y\u00f6netmesi, &#8220;operasyonel verimlilik&#8221; kavram\u0131n\u0131n finansal bir \u00f6rne\u011fidir. Y\u00f6netim kadrosunun yetkinli\u011fi ise bu yal\u0131nl\u0131\u011f\u0131 desteklemektedir:<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"5970\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"5970\">Selina \u00d6zlem \u015eahin (Y\u00f6netim Kurulu Ba\u015fkan\u0131):<\/b><span class=\"ng-star-inserted\" data-start-index=\"6014\">\u00a0At\u0131l\u0131m \u00dcniversitesi \u0130\u015fletme mezunu.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6050\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"6050\">Seda Bayrak (Genel M\u00fcd\u00fcr):<\/b><span class=\"ng-star-inserted\" data-start-index=\"6076\">\u00a0Anadolu \u00dcniversitesi \u0130\u015fletme Fak\u00fcltesi mezunu ve 3568 say\u0131l\u0131 kanuna g\u00f6re yetki belgesi (SMMM) sahibi.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6178\"><span class=\"ng-star-inserted\" data-start-index=\"6178\">72 milyon TL gibi bir b\u00fcy\u00fckl\u00fc\u011f\u00fcn, muhasebe ve operasyonel s\u00fcre\u00e7lerde SMMM lisansl\u0131 bir genel m\u00fcd\u00fcr ve minimal bir ekiple y\u00f6netilmesi, \u015firket gider kalemlerinde yat\u0131r\u0131mc\u0131 lehine bir alan yaratmaktad\u0131r.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6378\"><b class=\"ng-star-inserted\" data-start-index=\"6378\">5. Hukuki Z\u0131rh: Y\u00f6netim Kurulundaki Hukuk A\u011f\u0131rl\u0131\u011f\u0131<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6428\"><span class=\"ng-star-inserted\" data-start-index=\"6428\">\u015eirketin risk y\u00f6netimi yap\u0131s\u0131, al\u0131\u015f\u0131lm\u0131\u015f\u0131n d\u0131\u015f\u0131nda bir &#8220;hukuki z\u0131rh&#8221; ile korunmaktad\u0131r. Ba\u011f\u0131ms\u0131z y\u00f6netim kurulu \u00fcyelerinin profilleri, denetim s\u00fcre\u00e7lerinin neden bu denli s\u0131k\u0131 tutuldu\u011funu a\u00e7\u0131klamaktad\u0131r.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6631\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"6631\">G\u00fclnur Berber Civelek:<\/b><span class=\"ng-star-inserted\" data-start-index=\"6653\">\u00a0&#8220;\u0130\u015f S\u00f6zle\u015fmesinin Fesih D\u0131\u015f\u0131nda Sona Erme Halleri&#8221; \u00fczerine y\u00fcksek lisans sahibi olan bir avukat ve ceza mahkemelerinde i\u015f kazalar\u0131 alan\u0131nda uzman bir\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"6804\">bilirki\u015fi<\/b><span class=\"ng-star-inserted\" data-start-index=\"6813\">dir.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6817\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"6817\">Vahit Civelek:<\/b><span class=\"ng-star-inserted\" data-start-index=\"6831\">\u00a017 y\u0131l boyunca Ankara&#8217;da 1. S\u0131n\u0131f Cumhuriyet Savc\u0131s\u0131 olarak g\u00f6rev yapm\u0131\u015f k\u0131demli bir hukuk\u00e7udur.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"6928\"><span class=\"ng-star-inserted\" data-start-index=\"6928\">Bu iki ismin Denetim, Risk ve Kurumsal Y\u00f6netim komitelerinin ba\u015f\u0131nda olmas\u0131, yat\u0131r\u0131m ortakl\u0131\u011f\u0131n\u0131n mevzuata uyum ve risk projeksiyonu konusunda hata pay\u0131n\u0131 minimize etme niyetini g\u00f6stermektedir. Bir yat\u0131r\u0131mc\u0131 i\u00e7in bu yap\u0131, \u015firketin hukuki risklere kar\u015f\u0131 en \u00fcst d\u00fczeyde korundu\u011fu anlam\u0131na gelmektedir.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7227\"><b class=\"ng-star-inserted\" data-start-index=\"7227\">6. Finansal Check-up: 2025 Sonu Portf\u00f6y R\u00f6ntgeni<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7275\"><span class=\"ng-star-inserted\" data-start-index=\"7275\">2025 y\u0131l\u0131 sonu itibar\u0131yla Euro Kapital\u2019in Net Varl\u0131k De\u011feri\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7335\">72.353.651,05 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"7351\">\u00a0olarak ger\u00e7ekle\u015fmi\u015ftir. Pay ba\u015f\u0131na d\u00fc\u015fen de\u011fer ise\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7403\">3,617683 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"7414\">\u00a0seviyesindedir. 71,3 milyon TL de\u011ferindeki toplam portf\u00f6y da\u011f\u0131l\u0131m\u0131, riski farkl\u0131 ara\u00e7lara da\u011f\u0131tan bir kompozisyon sunmaktad\u0131r:<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7541\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7541\">\u00d6zel Sekt\u00f6r Bor\u00e7lanma Ara\u00e7lar\u0131:<\/b><span class=\"ng-star-inserted\" data-start-index=\"7572\">\u00a0%39,46<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7579\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7579\">Hisse Senetleri:<\/b><span class=\"ng-star-inserted\" data-start-index=\"7595\">\u00a0%33,03<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7602\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7602\">Kira Sertifikalar\u0131 \/ Kat\u0131l\u0131m Belgeleri (TRDHVKA-TRDZKVK):<\/b><span class=\"ng-star-inserted\" data-start-index=\"7659\">\u00a0%12,84<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7666\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7666\">Vadeli Mevduat:<\/b><span class=\"ng-star-inserted\" data-start-index=\"7681\">\u00a0%8.56<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7687\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7687\">Ters Repo \/ BPP:<\/b><span class=\"ng-star-inserted\" data-start-index=\"7703\">\u00a0%5,65<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7709\"><span class=\"ng-star-inserted\">\u2022\u00a0<\/span><b class=\"ng-star-inserted\" data-start-index=\"7709\">Di\u011fer (Yat\u0131r\u0131m Fonlar\u0131 vb.):<\/b><span class=\"ng-star-inserted\" data-start-index=\"7737\">\u00a0%0,47<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7743\"><span class=\"ng-star-inserted\" data-start-index=\"7743\">Bu da\u011f\u0131l\u0131m, \u015firketin sabit getirili ara\u00e7lar ve kira sertifikalar\u0131 ile defansif bir taban olu\u015ftururken, %33\u2019l\u00fck hisse senedi pay\u0131 ile piyasa f\u0131rsatlar\u0131n\u0131 kovalad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7924\"><b class=\"ng-star-inserted\" data-start-index=\"7924\">7. Sonu\u00e7: 2026&#8217;ya Bak\u0131\u015f ve Bir Soru<\/b><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"7959\"><span class=\"ng-star-inserted\" data-start-index=\"7959\">Euro Kapital, 2025 y\u0131l\u0131n\u0131 reg\u00fclasyon g\u00fcd\u00fcml\u00fc bir portf\u00f6y y\u00f6netimi de\u011fi\u015fikli\u011fi ve a\u011f\u0131r hukuk k\u00f6kenli bir denetim yap\u0131s\u0131yla kapatt\u0131. Metro Portf\u00f6y ile ba\u015flayan yeni d\u00f6nemin ve profesyonel yetkinli\u011fi tescilli y\u00f6netimin, de\u011fi\u015fen makroekonomik ko\u015fullarda nas\u0131l bir alpha (piyasa \u00fcst\u00fc getiri) yarataca\u011f\u0131 2026&#8217;n\u0131n ana temas\u0131 olacakt\u0131r.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"8287\"><span class=\"ng-star-inserted\" data-start-index=\"8287\">Sorumuz \u015fu: 72 milyon TL&#8217;yi sadece 6 ki\u015filik uzman bir kadro ve sars\u0131lmaz bir hukuki denetim mekanizmas\u0131yla y\u00f6neten Euro Kapital, 2026\u2019da bu operasyonel yal\u0131nl\u0131\u011f\u0131 yat\u0131r\u0131mc\u0131 beklentilerini a\u015fan bir performansa d\u00f6n\u00fc\u015ft\u00fcrebilecek mi?<\/span><\/div>\n<div data-start-index=\"8287\"><\/div>\n<div data-start-index=\"8287\">\n<h1><span style=\"color: #0000ff;\">Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2025 Y\u0131l\u0131 Faaliyet Raporu Bilgilendirme Belgesi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (EUKYO) 01.01.2025 \u2013 31.12.2025 hesap d\u00f6nemine ait faaliyetlerini, finansal yap\u0131s\u0131n\u0131 ve kurumsal y\u00f6netim s\u00fcre\u00e7lerini analiz etmektedir. 2025 y\u0131l\u0131, \u015firket i\u00e7in portf\u00f6y y\u00f6netim hizmetlerinde stratejik bir de\u011fi\u015fikli\u011fe gidildi\u011fi ve finansal tablolarda istikrarl\u0131 bir g\u00f6r\u00fcn\u00fcm\u00fcn korundu\u011fu bir d\u00f6nem olmu\u015ftur.<\/p>\n<p>\u015eirketin net varl\u0131k de\u011feri y\u0131l sonu itibar\u0131yla <b>72.353.651,05 TL<\/b> olarak ger\u00e7ekle\u015fmi\u015f, pay ba\u015f\u0131na de\u011fer ise <b>3,617683 TL<\/b> seviyesine ula\u015fm\u0131\u015ft\u0131r. Ba\u011f\u0131ms\u0131z denetim kurulu\u015fu olan G\u00fcncel Ba\u011f\u0131ms\u0131z Denetim Dan\u0131\u015fmanl\u0131k A.\u015e., \u015firketin finansal tablolar\u0131na ili\u015fkin &#8220;olumlu g\u00f6r\u00fc\u015f&#8221; bildirmi\u015ftir. Y\u0131l i\u00e7erisinde \u015firket aleyhine a\u00e7\u0131lan herhangi bir dava veya uygulanan idari yapt\u0131r\u0131m bulunmamaktad\u0131r.<\/p>\n<h2>1. Kurumsal Profil ve Organizasyonel Yap\u0131<\/h2>\n<h3>1.1. \u015eirketin Amac\u0131 ve Faaliyet Konusu<\/h3>\n<p>Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e., 11 Mart 2011 tarihinde Ankara\u2019da kurulmu\u015f, halka a\u00e7\u0131k bir anonim \u015firkettir. \u015eirketin temel faaliyet alan\u0131, Sermaye Piyasas\u0131 Kurulu (SPK) d\u00fczenlemeleri \u00e7er\u00e7evesinde sermaye piyasas\u0131 ara\u00e7lar\u0131 ile ulusal ve uluslararas\u0131 borsalarda i\u015flem g\u00f6ren menkul k\u0131ymetlerden (hisse senedi, tahvil, Eurobond, V\u0130OP vb.) olu\u015fan bir portf\u00f6y\u00fc i\u015fletmektir.<\/p>\n<p><b>Temel operasyonel hedefler:<\/b><\/p>\n<ul>\n<li>Yat\u0131r\u0131m riskini portf\u00f6y \u00e7e\u015fitlendirmesiyle minimize etmek.<\/li>\n<li>Piyasa geli\u015fmelerini s\u00fcrekli izleyerek portf\u00f6y de\u011ferini art\u0131rmak ve korumak.<\/li>\n<li>Mali kurumlar ve ortakl\u0131klara ili\u015fkin geli\u015fmeleri takip ederek gerekli \u00f6nlemleri almak.<\/li>\n<\/ul>\n<h3>1.2. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi <b>20.000.000 TL<\/b> olup, paylar A ve B grubu olarak ayr\u0131lm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortaklar<\/td>\n<td>Pay Tutar\u0131 (TL)<\/td>\n<td>Grubu<\/td>\n<td>Oran\u0131 (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Mustafa \u015eAH\u0130N<\/td>\n<td>100.000<\/td>\n<td>A<\/td>\n<td>0,50<\/td>\n<td>83,40<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>19.900.000<\/td>\n<td>B<\/td>\n<td>99,50<\/td>\n<td>16,60<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>20.000.000<\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b>100<\/b><\/td>\n<td><b>100<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u0130mtiyazlar:<\/b> A grubu paylar y\u00f6netim kurulu \u00fcye se\u00e7iminde imtiyaza sahiptir; her bir A grubu pay 1.000 oy hakk\u0131na, B grubu paylar ise 1 oy hakk\u0131na sahiptir.<\/p>\n<h3>1.3. Organizasyon \u015eemas\u0131 ve Personel<\/h3>\n<p>\u015eirket; Y\u00f6netim Kurulu, Genel M\u00fcd\u00fcr ve bu yap\u0131ya ba\u011fl\u0131 Tefti\u015f &amp; \u0130\u00e7 Kontrol, Muhasebe &amp; Operasyon, Portf\u00f6y Y\u00f6netimi, Risk Y\u00f6netimi, Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri ve \u0130dari \u0130\u015fler birimlerinden olu\u015fmaktad\u0131r. 31.12.2025 itibar\u0131yla \u00e7al\u0131\u015fan say\u0131s\u0131 <b>6<\/b>&#8216;d\u0131r.<\/p>\n<h2>2. Y\u00f6netim Yap\u0131s\u0131 ve Kurumsal Y\u00f6netim<\/h2>\n<h3>2.1. Y\u00f6netim Kurulu<\/h3>\n<p>Y\u00f6netim Kurulu, Genel Kurul taraf\u0131ndan 3 y\u0131l s\u00fcreyle g\u00f6rev yapmak \u00fczere se\u00e7ilen 5 \u00fcyeden olu\u015fmaktad\u0131r.<\/p>\n<ul>\n<li><b>Selina \u00d6zlem \u015eahin:<\/b> Y\u00f6netim Kurulu Ba\u015fkan\u0131 (\u0130crac\u0131 de\u011fil)<\/li>\n<li><b>Michael Burak \u015eahin:<\/b> Y\u00f6netim Kurulu Ba\u015fkan Vekili (\u0130crac\u0131 de\u011fil)<\/li>\n<li><b>Seda \u015eahin:<\/b> Y\u00f6netim Kurulu \u00dcyesi (09.07.2025&#8217;te se\u00e7ilmi\u015ftir)<\/li>\n<li><b>G\u00fclnur Berber Civelek:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<li><b>Vahit Civelek:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/li>\n<\/ul>\n<h3>2.2. Komiteler<\/h3>\n<p>Y\u00f6netim kurulu b\u00fcnyesinde SPK tebli\u011flerine uygun olarak \u00fc\u00e7 ana komite faaliyet g\u00f6stermektedir:<\/p>\n<ol>\n<li><b>Denetimden Sorumlu Komite:<\/b> Muhasebe sistemi, finansal bilgilerin kamuya a\u00e7\u0131klanmas\u0131 ve i\u00e7 kontrol sisteminin g\u00f6zetiminden sorumludur. (Ba\u015fkan: G\u00fclnur Berber Civelek, \u00dcye: Vahit Civelek)<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> \u015eirketin varl\u0131\u011f\u0131n\u0131 tehlikeye d\u00fc\u015f\u00fcrebilecek risklerin te\u015fhisi ve y\u00f6netimi i\u00e7in \u00e7al\u0131\u015f\u0131r. (Ba\u015fkan: G\u00fclnur Berber Civelek, \u00dcye: Vahit Civelek)<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Kurumsal y\u00f6netim ilkelerine uyumu denetler ve yat\u0131r\u0131mc\u0131 ili\u015fkileri b\u00f6l\u00fcm\u00fcn\u00fc g\u00f6zetir. Ayr\u0131ca Aday G\u00f6sterme ve \u00dccret Komitesi g\u00f6revlerini de \u00fcstlenmi\u015ftir. (Ba\u015fkan: G\u00fclnur Berber Civelek, \u00dcyeler: Vahit Civelek, Mehmet Murat Fenerci)<\/li>\n<\/ol>\n<h2>3. Finansal Durum ve Portf\u00f6y Analizi<\/h2>\n<h3>3.1. Net Varl\u0131k De\u011feri (31.12.2025)<\/h3>\n<p>\u015eirketin net varl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki tabloda detayland\u0131r\u0131lm\u0131\u015ft\u0131r:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>Tutar (TL)<\/td>\n<td>Toplam \u0130\u00e7indeki Pay\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Ortakl\u0131k Portf\u00f6y De\u011feri<\/b><\/td>\n<td><b>71.382.837,10<\/b><\/td>\n<td><b>98,66<\/b><\/td>\n<\/tr>\n<tr>\n<td>Haz\u0131r De\u011ferler (Banka)<\/td>\n<td>91.855,64<\/td>\n<td>0,13<\/td>\n<\/tr>\n<tr>\n<td>Alacaklar<\/td>\n<td>212.029,13<\/td>\n<td>0,29<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer Varl\u0131klar<\/td>\n<td>2.931.704,28<\/td>\n<td>4,05<\/td>\n<\/tr>\n<tr>\n<td>Bor\u00e7lar (-)<\/td>\n<td>-2.264.775,10<\/td>\n<td>-3,13<\/td>\n<\/tr>\n<tr>\n<td><b>NET VARLIK DE\u011eER\u0130<\/b><\/td>\n<td><b>72.353.651,05<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Portf\u00f6y Da\u011f\u0131l\u0131m\u0131<\/h3>\n<p>Portf\u00f6y\u00fcn yakla\u015f\u0131k %98,66&#8217;s\u0131 yat\u0131r\u0131m ara\u00e7lar\u0131ndan olu\u015fmaktad\u0131r. Ba\u015fl\u0131ca yat\u0131r\u0131m enstr\u00fcmanlar\u0131 \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Hisse Senetleri:<\/b> 23,57 milyon TL (%33,03) &#8211; THYAO, SAHOL, KCHOL gibi \u00f6nemli varl\u0131klar dahil.<\/li>\n<li><b>\u00d6zel Sekt\u00f6r Tahvilleri\/Bonolar\u0131:<\/b> 28,16 milyon TL (%39,46)<\/li>\n<li><b>Kira Sertifikalar\u0131:<\/b> 9,16 milyon TL (%12,84)<\/li>\n<li><b>Vadeli Mevduat:<\/b> 6,10 milyon TL (%8,56)<\/li>\n<li><b>BPP ve Repo:<\/b> 4,03 milyon TL (%5,65)<\/li>\n<li><b>Yat\u0131r\u0131m Fonlar\u0131:<\/b> 0,33 milyon TL (%0,47)<\/li>\n<\/ul>\n<h2>4. \u00d6nemli Geli\u015fmeler ve Risk Y\u00f6netimi<\/h2>\n<h3>4.1. Hizmet Al\u0131nan Kurumlar<\/h3>\n<p>2025 y\u0131l\u0131nda portf\u00f6y y\u00f6netim hizmetlerinde de\u011fi\u015fikli\u011fe gidilmi\u015ftir:<\/p>\n<ul>\n<li><b>Portf\u00f6y Y\u00f6netimi:<\/b> 06.05.2025 tarihinden itibaren <b>Metro Portf\u00f6y Y\u00f6netimi A.\u015e.<\/b> taraf\u0131ndan sa\u011flanmaktad\u0131r.<\/li>\n<li><b>Arac\u0131l\u0131k Hizmetleri:<\/b> Metro Yat\u0131r\u0131m, Gedik Yat\u0131r\u0131m ve Alnus Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.<\/li>\n<li><b>Risk Y\u00f6netimi Hizmetleri:<\/b> Risk Aktif E\u011fitim ve Dan\u0131\u015fmanl\u0131k A.\u015e.<\/li>\n<\/ul>\n<h3>4.2. \u0130\u00e7 Kontrol ve Denetim<\/h3>\n<p>\u015eirketin i\u00e7 kontrol sistemi; hata, hile ve usuls\u00fczl\u00fcklerin \u00f6nlenmesi amac\u0131yla yap\u0131land\u0131r\u0131lm\u0131\u015ft\u0131r. 15.05.2023 tarihinden itibaren <b>Tarkan K\u0131rlang\u0131\u00e7<\/b> m\u00fcfetti\u015f olarak g\u00f6rev yapmaktad\u0131r. Tefti\u015f birimi, risk y\u00f6netim sisteminin i\u015fleyi\u015fini ve t\u00fcm birimlerin mevzuata uygunlu\u011funu denetlemektedir.<\/p>\n<h3>4.3. Sa\u011flanan Mali Haklar<\/h3>\n<p>2025 y\u0131l\u0131 i\u00e7erisinde y\u00f6netim kurulu \u00fcyelerine toplam <b>312.889,99 TL<\/b> br\u00fct huzur hakk\u0131 \u00f6denmi\u015ftir. Genel M\u00fcd\u00fcr&#8217;e \u00f6denen br\u00fct maa\u015f toplam\u0131 ise <b>2.020.410,21 TL<\/b>&#8216;dir. Bunun d\u0131\u015f\u0131nda \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan herhangi bir ek \u00f6denek veya temsil gideri bulunmamaktad\u0131r.<\/p>\n<h2>5. Hukuki Durum ve Uyum<\/h2>\n<ul>\n<li><b>Davalar:<\/b> Rapor d\u00f6nemi i\u00e7inde \u015firket aleyhine a\u00e7\u0131lan ve mali durumu etkileyebilecek bir dava bulunmamaktad\u0131r.<\/li>\n<li><b>Yapt\u0131r\u0131mlar:<\/b> Mevzuat h\u00fck\u00fcmlerine ayk\u0131r\u0131 uygulama nedeniyle \u015firket veya y\u00f6netim kurulu \u00fcyeleri hakk\u0131nda uygulanan herhangi bir idari veya adli yapt\u0131r\u0131m yoktur.<\/li>\n<li><b>Ba\u011f\u0131\u015flar:<\/b> \u015eirket b\u00fcnyesinde bir ba\u011f\u0131\u015f politikas\u0131 olu\u015fturulmu\u015f ve 18.03.2014 tarihinde kabul edilmi\u015ftir.<\/li>\n<li><b>Pay Geri Al\u0131m\u0131:<\/b> \u015eirketin paylar\u0131n\u0131n geri al\u0131nmas\u0131na ili\u015fkin politika mevcuttur; ancak 2025 y\u0131l\u0131 i\u00e7erisinde portf\u00f6ye al\u0131nan EUKYO hissesi bulunmamaktad\u0131r.<\/li>\n<\/ul>\n<\/div>\n<button class=\"simplefavorite-button\" data-postid=\"1014\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Euro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2025 Y\u0131l\u0131 Finansal Sonu\u00e7lar\u0131n\u0131 Payla\u015ft\u0131 Euro Kapital (EUKYO), 2025 y\u0131l\u0131na ait ba\u011f\u0131ms\u0131z denetimden ge\u00e7mi\u015f finansal raporlar\u0131n\u0131 yay\u0131mlad\u0131. Y\u0131l\u0131 72,3 milyon TL net varl\u0131k de\u011feri ile tamamlayan \u015firket, sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirmek ad\u0131na %200 oran\u0131nda bedelsiz sermaye art\u0131r\u0131m\u0131 s\u00fcrecini ba\u015flatt\u0131. Portf\u00f6y y\u00f6netimindeki stratejik i\u015f birlikleri ve g\u00fcncel finansal tablolar\u0131n detayl\u0131 analizine blog yaz\u0131m\u0131zdan ula\u015fabilirsiniz.<br \/>\nEnglish:<br \/>\nEuro Kapital Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. Announces 2025 Financial Results Euro Kapital (EUKYO) has released its audited financial reports for the year 2025. Closing the year with a net asset value of 72.3 million TL, the company has initiated a 200% bonus capital increase to strengthen its capital structure. Visit our latest blog post for a detailed analysis of the financial statements and strategic collaborations in portfolio management.<\/p>\n","protected":false},"author":1,"featured_media":972,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[230],"class_list":["post-1014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-eukyo"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1014","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=1014"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"predecessor-version":[{"id":1015,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1014\/revisions\/1015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/972"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}