{"id":1016,"date":"2026-02-09T23:26:36","date_gmt":"2026-02-09T20:26:36","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1016"},"modified":"2026-02-09T23:27:53","modified_gmt":"2026-02-09T20:27:53","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-etyat-euro-trend-yatirim-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1016","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #ETYAT | Euro Trend Yat\u0131r\u0131m 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/ETYAT--Euro-Trend-Yatrm-202512-Bilano-Analizi---Euro-Trendde-mtiyazl-Paylar-ve-Artan-Zarar-e3es11k\/a-acfc296\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<div class=\"paragraph heading3 ng-star-inserted\" role=\"heading\" data-start-index=\"0\" aria-level=\"3\"><span class=\"ng-star-inserted\" data-start-index=\"0\">2025 Finansal Raporlar\u0131ndan \u00d6nemli Ba\u015fl\u0131klar<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"44\"><span class=\"ng-star-inserted\" data-start-index=\"44\">Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin 2025 y\u0131l\u0131na ait finansal tablolar\u0131 ve faaliyet raporlar\u0131ndan \u00f6ne \u00e7\u0131kan veriler \u015f\u00f6yledir:<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"170\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"170\">Net D\u00f6nem Zarar\u0131:<\/b><span class=\"ng-star-inserted\" data-start-index=\"187\"> \u015eirket, 2025 y\u0131l\u0131n\u0131 <\/span><b class=\"ng-star-inserted\" data-start-index=\"208\">20.781.046 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"221\"> net d\u00f6nem zarar\u0131 ile kapatm\u0131\u015ft\u0131r<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"citation-marker\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"254\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"255\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"255\">Has\u0131lat ve Kar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"270\"> 2025 y\u0131l\u0131nda toplam has\u0131lat <\/span><b class=\"ng-star-inserted\" data-start-index=\"299\">63.225.665 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"312\"> olarak ger\u00e7ekle\u015firken, br\u00fct kar <\/span><b class=\"ng-star-inserted\" data-start-index=\"345\">19.934.626 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"358\"> olmu\u015ftur<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"367\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"368\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"368\">Toplam Varl\u0131klar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"385\"> \u015eirketin toplam varl\u0131klar\u0131 31 Aral\u0131k 2025 itibar\u0131yla <\/span><b class=\"ng-star-inserted\" data-start-index=\"439\">76.542.510 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"452\"> seviyesindedir<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"citation-marker\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"467\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"468\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"468\">\u00d6zkaynaklar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"480\"> Toplam \u00f6zkaynaklar <\/span><b class=\"ng-star-inserted\" data-start-index=\"500\">66.917.767 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"513\"> olarak kaydedilmi\u015ftir<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"535\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"536\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"536\">Bedelsiz Sermaye Art\u0131r\u0131m\u0131:<\/b><span class=\"ng-star-inserted\" data-start-index=\"562\"> \u015eirket y\u00f6netimi, 20.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayenin, i\u00e7 kaynaklardan kar\u015f\u0131lanmak \u00fczere %200 oran\u0131nda bedelsiz art\u0131r\u0131larak <\/span><b class=\"ng-star-inserted\" data-start-index=\"691\">60.000.000 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"704\">&#8216;ye \u00e7\u0131kar\u0131lmas\u0131na karar vermi\u015ftir<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"737\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"738\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"738\">Portf\u00f6y Y\u00f6netimi De\u011fi\u015fikli\u011fi:<\/b><span class=\"ng-star-inserted\" data-start-index=\"767\"> 06.05.2025 tarihinden itibaren portf\u00f6y y\u00f6netim hizmetleri <\/span><b class=\"ng-star-inserted\" data-start-index=\"826\">Metro Portf\u00f6y Y\u00f6netimi A.\u015e.<\/b><span class=\"ng-star-inserted\" data-start-index=\"853\"> taraf\u0131ndan sa\u011flanmaya ba\u015flanm\u0131\u015ft\u0131r<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"citation-marker\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"888\">.<\/span><\/div>\n<div class=\"paragraph normal ng-star-inserted\" data-start-index=\"889\"><span class=\"ng-star-inserted\">\u2022 <\/span><b class=\"ng-star-inserted\" data-start-index=\"889\">Hisse Ba\u015f\u0131na Zarar:<\/b><span class=\"ng-star-inserted\" data-start-index=\"908\"> 2025 y\u0131l\u0131 i\u00e7in hisse ba\u015f\u0131na d\u00fc\u015fen zarar <\/span><b class=\"ng-star-inserted\" data-start-index=\"949\">1,04 TL<\/b><span class=\"ng-star-inserted\" data-start-index=\"956\"> olarak hesaplanm\u0131\u015ft\u0131r<\/span><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><button class=\"xap-inline-dialog citation-marker ng-star-inserted\" aria-haspopup=\"dialog\" aria-describedby=\"cdk-describedby-message-ng-1-17\" data-disabled=\"false\"><\/button><span class=\"ng-star-inserted\" data-start-index=\"978\">.<\/span><\/div>\n<h1>Euro Trend\u2019in 2025 Karnesi: Zarar M\u0131, Strateji Mi? Yat\u0131r\u0131mc\u0131n\u0131n Bilmesi Gereken 5 Kritik Ger\u00e7ek<\/h1>\n<h3>1. Giri\u015f: Faaliyet Raporlar\u0131n\u0131n S\u0131k\u0131c\u0131 Olmayan Y\u00fcz\u00fc<\/h3>\n<p>Bir \u015firketin y\u0131ll\u0131k faaliyet raporu, \u00e7o\u011fu yat\u0131r\u0131mc\u0131 i\u00e7in sadece rakamlardan ibaret bir &#8220;zorunluluk&#8221; gibi g\u00f6r\u00fcnse de asl\u0131nda bir y\u00f6netim felsefesinin ve gelece\u011fe dair bir yol haritas\u0131n\u0131n projeksiyonudur. Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (ETYAT) 2025 y\u0131l\u0131 verileri, ilk bak\u0131\u015fta k\u00e2\u011f\u0131t \u00fczerinde kafa kar\u0131\u015ft\u0131r\u0131c\u0131 bir tablo sunsa da sat\u0131r aralar\u0131 stratejik bir d\u00f6n\u00fc\u015f\u00fcm\u00fc f\u0131s\u0131ld\u0131yor. Finansal tablolar\u0131n sadece birer bilan\u00e7o kaleminden ibaret olmad\u0131\u011f\u0131n\u0131, bir \u015firketin makroekonomik f\u0131rt\u0131nalara kar\u015f\u0131 nas\u0131l bir siper ald\u0131\u011f\u0131n\u0131 anlamak, rasyonel bir yat\u0131r\u0131mc\u0131n\u0131n en b\u00fcy\u00fck kazanc\u0131d\u0131r.<\/p>\n<h3>2. Enflasyon Muhasebesinin Sert Y\u00fcz\u00fc: 20 Milyon TL Zarar\u0131n Arkas\u0131ndaki Ger\u00e7ek<\/h3>\n<p>ETYAT\u2019\u0131n 2025 y\u0131l\u0131 gelir tablosu, &#8220;operasyonel ba\u015far\u0131&#8221; ile &#8220;enflasyon d\u00fczeltmesi&#8221; aras\u0131ndaki o keskin ayr\u0131m\u0131 net bir \u015fekilde ortaya koyuyor. \u015eirket, y\u0131l\u0131 yakla\u015f\u0131k <b>19,9 milyon TL br\u00fct k\u00e2r<\/b> ile tamamlamas\u0131na ra\u011fmen, net d\u00f6nem sonucunda <b>20,7 milyon TL zarar<\/b> a\u00e7\u0131klad\u0131.<\/p>\n<p>Bu durum, yat\u0131r\u0131mc\u0131y\u0131 ilk bak\u0131\u015fta &#8220;beklenmedik bir ters k\u00f6\u015fe&#8221; ile kar\u015f\u0131 kar\u015f\u0131ya b\u0131rak\u0131yor. Ancak bu zarar\u0131n ana kayna\u011f\u0131, nakit \u00e7\u0131k\u0131\u015f\u0131 gerektiren bir ba\u015far\u0131s\u0131zl\u0131k de\u011fil; TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama) uyar\u0131nca hesaplanan <b>18,5 milyon TL\u2019lik net parasal kay\u0131pt\u0131r.<\/b> Bu, nakit \u00e7\u0131k\u0131\u015f\u0131 yaratmayan (non-cash), tamamen muhasebe standartlar\u0131 gere\u011fi yans\u0131t\u0131lan bir kalemdir. \u015eirketin finansal \u015feffafl\u0131\u011f\u0131 ise denetimden tam not alm\u0131\u015ft\u0131r:<\/p>\n<p>&#8220;\u015eirket&#8217;in 1 Ocak 2025- 31 Aral\u0131k 2025 hesap d\u00f6nemine ili\u015fkin finansal tablolar\u0131 hakk\u0131nda 9 \u015eubat 2026 tarihli denet\u00e7i raporumuzda &#8216;olumlu g\u00f6r\u00fc\u015f&#8217; bildirmi\u015f bulunuyoruz.&#8221;<\/p>\n<h3>3. Y\u00f6netimde &#8220;Alt\u0131n Hisse&#8221; G\u00fcc\u00fc: %6 Sahiplikle %85 \u0130rade<\/h3>\n<p>ETYAT\u2019\u0131n kurumsal y\u00f6netim yap\u0131s\u0131, kurumsal y\u00f6netim derslerinde okutulacak cinsten bir &#8220;g\u00fc\u00e7 dengesi&#8221; i\u00e7eriyor. \u015eirketin sermayesinin <b>%99,46\u2019s\u0131 halka a\u00e7\u0131k<\/b> (B grubu paylar) olsa da karar alma mekanizmas\u0131 A grubu imtiyazl\u0131 paylarda kilitlenmi\u015f durumda.<\/p>\n<p>Bu &#8220;Alt\u0131n Hisse&#8221; g\u00fcc\u00fcn\u00fc basit bir tabloyla \u00f6zetleyelim:<\/p>\n<ul>\n<li><b>Sermaye Pay\u0131:<\/b> Mustafa \u015eahin, toplam sermayenin sadece <b>%6,23\u2019\u00fcne<\/b> (A+B toplam\u0131) sahiptir.<\/li>\n<li><b>Oy G\u00fcc\u00fc:<\/b> Buna ra\u011fmen, A grubu paylar\u0131n her birine tan\u0131nan <b>1.000 oy hakk\u0131<\/b> sayesinde Mustafa \u015eahin, toplamda <b>%85,26 oran\u0131nda bir oy g\u00fcc\u00fcne<\/b> h\u00fckmetmektedir.<\/li>\n<\/ul>\n<p>Bu asimetrik g\u00fc\u00e7 dengesi, \u015firketin halka a\u00e7\u0131kl\u0131k oran\u0131n\u0131n y\u00fcksekli\u011fine ra\u011fmen y\u00f6netimsel iradenin tek bir noktada topland\u0131\u011f\u0131n\u0131 g\u00f6stermesi bak\u0131m\u0131ndan kritik bir kurumsal y\u00f6netim detay\u0131d\u0131r.<\/p>\n<h3>4. Portf\u00f6yde B\u00fcy\u00fck De\u011fi\u015fim: Direksiyonda Yeni Bir \u0130sim<\/h3>\n<p>2025 y\u0131l\u0131, ETYAT i\u00e7in sadece finansal de\u011fil, ayn\u0131 zamanda operasyonel bir d\u00f6n\u00fcm noktas\u0131 oldu. 06.05.2025 tarihinde portf\u00f6y y\u00f6netim hizmetleri <b>Metro Portf\u00f6y Y\u00f6netimi A.\u015e.<\/b>\u2019ye devredildi.<\/p>\n<p>K\u0131demli bir analist olarak &#8220;sat\u0131r aras\u0131n\u0131&#8221; okudu\u011fumuzda, bu de\u011fi\u015fikli\u011fin sadece bir tercih olmad\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz. \u015eirket raporunda bu de\u011fi\u015fim, <b>SPK\u2019n\u0131n i-SPK.48.3.b say\u0131l\u0131 \u0130lke Karar\u0131<\/b> (Portf\u00f6y Y\u00f6netim Performanslar\u0131n\u0131n De\u011ferlendirilmesi) \u00e7er\u00e7evesinde yap\u0131ld\u0131\u011f\u0131 belirtiliyor. Bu durum, \u00f6nceki y\u00f6netimin performans kriterlerini kar\u015f\u0131lamada zorland\u0131\u011f\u0131n\u0131 ve reg\u00fclat\u00f6r\u00fcn (SPK) performans odakl\u0131 d\u00fczenlemeleri do\u011frultusunda bir &#8220;kan de\u011fi\u015fimi&#8221;ne gidildi\u011fini i\u015faret ediyor.<\/p>\n<h3>5. %200 Bedelsiz Sermaye Art\u0131r\u0131m\u0131: Savunma Odakl\u0131 B\u00fcy\u00fcme<\/h3>\n<p>ETYAT, 20 milyon TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini %200 oran\u0131nda art\u0131rarak 60 milyon TL\u2019ye \u00e7\u0131karma karar\u0131 ald\u0131. Bu sermaye art\u0131\u015f\u0131n\u0131n kayna\u011f\u0131 tamamen i\u00e7 kaynaklardan sa\u011flan\u0131yor ve \u015fu kalemlerden olu\u015fuyor:<\/p>\n<ul>\n<li><b>23.301.249,78 TL:<\/b> Ola\u011fan\u00fcst\u00fc yedekler<\/li>\n<li><b>16.000.000,00 TL:<\/b> Sermaye d\u00fczeltme farklar\u0131<\/li>\n<li><b>698.750,22 TL:<\/b> Emisyon primleri<\/li>\n<\/ul>\n<p>\u00d6zellikle 16 milyon TL\u2019lik &#8220;Sermaye D\u00fczeltme Farklar\u0131&#8221;n\u0131n sermayeye eklenmesi, enflasyonist ortamda \u00f6zkaynaklar\u0131n erimesini engellemeye y\u00f6nelik savunma ama\u00e7l\u0131 bir hamledir. \u015eirket bu yolla, k\u00e2\u011f\u0131t \u00fczerindeki de\u011fer art\u0131\u015flar\u0131n\u0131 sermaye taban\u0131na sabitleyerek yap\u0131s\u0131n\u0131 daha diren\u00e7li hale getirmeyi hedefliyor.<\/p>\n<h3>6. Portf\u00f6y\u00fcn \u0130\u00e7inde Ne Var? THY\u2019den Eurobond\u2019lara \u00c7e\u015fitlilik<\/h3>\n<p>ETYAT\u2019\u0131n portf\u00f6y stratejisi, y\u00fcksek getiri aray\u0131\u015f\u0131yla riskten ka\u00e7\u0131nma aras\u0131nda hassas bir denge \u00fczerine kurulu. \u015eirketin de\u011ferlemesi a\u00e7\u0131s\u0131ndan yat\u0131r\u0131mc\u0131n\u0131n odaklanmas\u0131 gereken en \u00f6nemli veri ise <b>Pay De\u011feri (NAV)<\/b> rakam\u0131d\u0131r: 31.12.2025 itibar\u0131yla \u015firketin pay ba\u015f\u0131na net varl\u0131k de\u011feri <b>3,27 TL<\/b> olarak kay\u0131tlara ge\u00e7mi\u015ftir.<\/p>\n<p><b>Portf\u00f6y\u00fcn &#8220;Sepetteki Yumurtalar&#8221; Da\u011f\u0131l\u0131m\u0131:<\/b><\/p>\n<ul>\n<li><b>Hisse Senetleri (%35,13):<\/b> Ba\u015fta T\u00fcrk Hava Yollar\u0131 (%5,37), SAHOL (%4,32) ve Ko\u00e7 Holding (%2,50) olmak \u00fczere BIST\u2019in devleri portf\u00f6yde yer al\u0131yor.<\/li>\n<li><b>Bor\u00e7lanma Ara\u00e7lar\u0131 (%38,00):<\/b> Turkcell, Carrefoursa ve Teknosa gibi \u015firketlerin finansman bonolar\u0131 ile risk minimize ediliyor.<\/li>\n<li><b>Di\u011fer Enstr\u00fcmanlar:<\/b> Kamu ve \u00f6zel sekt\u00f6r bor\u00e7lanma ara\u00e7lar\u0131 ile likidite dengesi sa\u011flan\u0131yor.<\/li>\n<\/ul>\n<h3>7. Sonu\u00e7: 2026\u2019ya Bak\u0131\u015f ve D\u00fc\u015f\u00fcnd\u00fcren Soru<\/h3>\n<p>ETYAT i\u00e7in 2025 y\u0131l\u0131; enflasyon muhasebesinin yaratt\u0131\u011f\u0131 k\u00e2\u011f\u0131t \u00fczerindeki zarar\u0131n g\u00f6lgesinde, sermaye yap\u0131s\u0131n\u0131n tahkim edildi\u011fi ve y\u00f6netim vizyonunun SPK reg\u00fclasyonlar\u0131 do\u011frultusunda yenilendi\u011fi bir y\u0131l oldu. \u015eirket, 2026 y\u0131l\u0131na daha g\u00fc\u00e7l\u00fc bir sermaye taban\u0131 ve yeni bir portf\u00f6y y\u00f6neticisiyle giriyor.<\/p>\n<p>Kapan\u0131\u015fta sizi rasyonel bir yat\u0131r\u0131mc\u0131 sorusuyla ba\u015f ba\u015fa b\u0131rak\u0131yorum: <b>Bir yat\u0131r\u0131m ortakl\u0131\u011f\u0131nda sizin i\u00e7in daha \u00f6nemli olan nedir: Enflasyona ra\u011fmen korunmaya \u00e7al\u0131\u015f\u0131lan 3,27 TL\u2019lik pay de\u011feri ve portf\u00f6y \u00e7e\u015fitlili\u011fi mi, yoksa k\u00e2\u011f\u0131t \u00fczerindeki net k\u00e2r rakam\u0131n\u0131n ye\u015fil yanmas\u0131 m\u0131?<\/b><\/p>\n<p><b>Merakl\u0131s\u0131na Not:<\/b> \u015eirketin 2025 y\u0131l\u0131 boyunca sosyal sorumluluk projeleri veya ba\u011f\u0131\u015flar \u00e7er\u00e7evesinde kuru\u015f harcama yapmam\u0131\u015f olmas\u0131, bu d\u00f6nemin &#8220;mali disiplin ve savunma&#8221; y\u0131l\u0131 olarak kodland\u0131\u011f\u0131n\u0131n k\u00fc\u00e7\u00fck ama \u00e7arp\u0131c\u0131 bir kan\u0131t\u0131 gibi g\u00f6r\u00fcn\u00fcyor.<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2025 Faaliyet Y\u0131l\u0131 Bilgilendirme Notu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (&#8220;\u015eirket&#8221;) 01.01.2025 &#8211; 31.12.2025 hesap d\u00f6nemine ait faaliyet raporu ve ba\u011f\u0131ms\u0131z denet\u00e7i raporundan sentezlenen kritik verileri i\u00e7ermektedir. 2025 y\u0131l\u0131, \u015eirket i\u00e7in operasyonel de\u011fi\u015fikliklerin ve sermaye yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirme ad\u0131mlar\u0131n\u0131n \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 bir y\u0131l olmu\u015ftur.<\/p>\n<p><b>Kritik \u00c7\u0131kar\u0131mlar:<\/b><\/p>\n<ul>\n<li><b>Finansal Durum:<\/b> \u015eirket 2025 y\u0131l\u0131n\u0131 20.781.046 TL net d\u00f6nem zarar\u0131 ile kapatm\u0131\u015ft\u0131r. Toplam varl\u0131klar 76.542.510 TL, \u00f6z kaynaklar ise 66.917.767 TL seviyesindedir.<\/li>\n<li><b>Sermaye Art\u0131r\u0131m\u0131:<\/b> \u015eirket, 20.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini, i\u00e7 kaynaklardan kar\u015f\u0131lanmak \u00fczere %200 oran\u0131nda bedelsiz art\u0131rarak 60.000.000 TL&#8217;ye \u00e7\u0131karma karar\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Portf\u00f6y Y\u00f6netimi:<\/b> 06.05.2025 tarihinden itibaren portf\u00f6y y\u00f6netim hizmetleri Metro Portf\u00f6y Y\u00f6netimi A.\u015e. taraf\u0131ndan sa\u011flanmaya ba\u015flanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc:<\/b> G\u00fcncel Ba\u011f\u0131ms\u0131z Denetim Dan\u0131\u015fmanl\u0131k A.\u015e., \u015eirketin finansal tablolar\u0131 hakk\u0131nda &#8220;olumlu g\u00f6r\u00fc\u015f&#8221; bildirmi\u015ftir.<\/li>\n<li><b>Varl\u0131k Yap\u0131s\u0131:<\/b> Portf\u00f6y\u00fcn %35,13&#8217;\u00fc hisse senetlerinden, %38&#8217;i \u00f6zel sekt\u00f6r bor\u00e7lanma ara\u00e7lar\u0131ndan olu\u015fmaktad\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>1. Genel \u015eirket Bilgileri ve Faaliyet Konusu<\/h2>\n<p>Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e., 2007 y\u0131l\u0131nda \u0130stanbul&#8217;da kurulmu\u015f, 2008 y\u0131l\u0131ndan itibaren faaliyetlerini Ankara merkezli olarak s\u00fcrd\u00fcren, halka a\u00e7\u0131k bir anonim \u015firkettir.<\/p>\n<ul>\n<li><b>Temel Ama\u00e7:<\/b> Sermaye piyasas\u0131 ara\u00e7lar\u0131 ile ulusal\/uluslararas\u0131 borsalarda i\u015flem g\u00f6ren menkul k\u0131ymetlerden (hisse, tahvil, eurobond, V\u0130OP vb.) olu\u015fan bir portf\u00f6y i\u015fletmektir.<\/li>\n<li><b>Operasyonel Strateji:<\/b> Yat\u0131r\u0131m riskini faaliyet alanlar\u0131na ve ortakl\u0131klar\u0131n durumlar\u0131na g\u00f6re en aza indirecek \u015fekilde da\u011f\u0131tmak ve portf\u00f6y de\u011ferini art\u0131rmaya y\u00f6nelik ara\u015ft\u0131rmalar yapmakt\u0131r.<\/li>\n<li><b>Hizmet Sa\u011flay\u0131c\u0131 De\u011fi\u015fikli\u011fi:<\/b> SPK \u0130lke Kararlar\u0131 \u00e7er\u00e7evesinde, portf\u00f6y y\u00f6netim performans\u0131 de\u011ferlendirmeleri sonucunda 06.05.2025 itibar\u0131yla &#8220;Metro Portf\u00f6y Y\u00f6netimi A.\u015e.&#8221; ile \u00e7al\u0131\u015f\u0131lmaya ba\u015flanm\u0131\u015ft\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>2. Y\u00f6netim Kurulu ve Organizasyon Yap\u0131s\u0131<\/h2>\n<p>\u015eirket, en az 5 en \u00e7ok 7 \u00fcyeden olu\u015fan ve \u00e7o\u011funlu\u011fu icrac\u0131 olmayan bir Y\u00f6netim Kurulu taraf\u0131ndan y\u00f6netilmektedir.<\/p>\n<h3>Y\u00f6netim Kurulu \u00dcyeleri<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>Ba\u011f\u0131ms\u0131zl\u0131k Durumu<\/td>\n<\/tr>\n<tr>\n<td>Selina \u00d6zlem \u015eahin<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>Ba\u011f\u0131ms\u0131z De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>Michael Burak \u015eahin<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Yrd.<\/td>\n<td>Ba\u011f\u0131ms\u0131z De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>Seda \u015eahin<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ba\u011f\u0131ms\u0131z De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>G\u00fclnur Berber Civelek<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ba\u011f\u0131ms\u0131z \u00dcye<\/td>\n<\/tr>\n<tr>\n<td>Vahit Civelek<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ba\u011f\u0131ms\u0131z \u00dcye<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Komite Yap\u0131lanmas\u0131<\/h3>\n<p>\u015eirket b\u00fcnyesinde kurumsal y\u00f6netim ilkeleri uyar\u0131nca \u00fc\u00e7 ana komite faaliyet g\u00f6stermektedir:<\/p>\n<ol>\n<li><b>Denetimden Sorumlu Komite:<\/b> Muhasebe sistemi, finansal raporlama ve i\u00e7 denetim s\u00fcre\u00e7lerini g\u00f6zetir.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komite:<\/b> \u015eirketin varl\u0131\u011f\u0131n\u0131 tehlikeye d\u00fc\u015f\u00fcrebilecek riskleri te\u015fhis eder ve y\u00f6netir.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> \u0130lkelerin uygulanmas\u0131n\u0131 takip eder; ayr\u0131ca &#8220;Aday G\u00f6sterme&#8221; ve &#8220;\u00dccret&#8221; komitesi g\u00f6revlerini de \u00fcstlenmi\u015ftir.<\/li>\n<\/ol>\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 Performans Analizi<\/h2>\n<p>2025 y\u0131l\u0131 finansal verileri, y\u00fcksek enflasyon d\u00fczeltmeleri ve piyasa ko\u015fullar\u0131n\u0131n etkisiyle net zarar tablosu ortaya koymu\u015ftur.<\/p>\n<h3>\u00d6zet Finansal Veriler (31.12.2025)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>76.542.510<\/b><\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>68.078.361<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>8.464.149<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>76.542.510<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Bor\u00e7lar<\/td>\n<td>3.795.350<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Bor\u00e7lar<\/td>\n<td>5.829.393<\/td>\n<\/tr>\n<tr>\n<td>\u00d6z Kaynaklar<\/td>\n<td>66.917.767<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Gelir Tablosu G\u00f6stergeleri<\/h3>\n<ul>\n<li><b>Br\u00fct Kar:<\/b> 19.934.626 TL<\/li>\n<li><b>Esas Faaliyet Zarar\u0131:<\/b> (1.149.898) TL<\/li>\n<li><b>Net D\u00f6nem Zarar\u0131:<\/b> (20.781.046) TL<\/li>\n<li><b>Net Parasal Kay\u0131p:<\/b> (18.516.965) TL (Enflasyon d\u00fczeltmesi etkisiyle)<\/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. Portf\u00f6y Yap\u0131s\u0131 ve Yat\u0131r\u0131m Da\u011f\u0131l\u0131m\u0131<\/h2>\n<p>\u015eirketin 31.12.2025 tarihi itibar\u0131yla toplam portf\u00f6y de\u011feri 67.603.471,72 TL&#8217;dir.<\/p>\n<p><b>Varl\u0131k Da\u011f\u0131l\u0131m Oranlar\u0131:<\/b><\/p>\n<ul>\n<li><b>Hisse Senetleri:<\/b> %35,13 (\u00d6rn: THYAO, SAHOL, KCHOL, SISE)<\/li>\n<li><b>\u00d6zel Sekt\u00f6r Tahvilleri\/Bonolar\u0131:<\/b> %38,00<\/li>\n<li><b>Kira Sertifikalar\u0131 (Sukuk):<\/b> %13,55<\/li>\n<li><b>Vadeli Mevduat (TL):<\/b> %7,95<\/li>\n<li><b>Borsa Para Piyasas\u0131 (BPP):<\/b> %4,87<\/li>\n<li><b>Yat\u0131r\u0131m Fonlar\u0131:<\/b> %0,50<\/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. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h2>\n<h3>Mevcut Sermaye Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 20.000.000 TL olup, paylar A ve B grubu olarak ayr\u0131lm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak<\/td>\n<td>Pay Tutar\u0131 (TL)<\/td>\n<td>Grubu<\/td>\n<td>Sermaye Pay\u0131 (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Mustafa \u015eahin<\/td>\n<td>1.245.933,55<\/td>\n<td>A (\u0130mtiyazl\u0131)<\/td>\n<td>6,23<\/td>\n<td>85,26<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Halka A\u00e7\u0131k)<\/td>\n<td>18.754.066,45<\/td>\n<td>B<\/td>\n<td>93,77<\/td>\n<td>14,74<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Oy \u0130mtiyaz\u0131:<\/b> A grubu paylar Y\u00f6netim Kurulu se\u00e7iminde her bir pay i\u00e7in 1.000 oy hakk\u0131na sahipken, B grubu paylar 1 oy hakk\u0131na sahiptir.<\/p>\n<h3>Sermaye Art\u0131r\u0131m\u0131 Karar\u0131<\/h3>\n<p>Y\u00f6netim Kurulu, 300.000.000 TL kay\u0131tl\u0131 sermaye tavan\u0131 i\u00e7erisinde;<\/p>\n<ul>\n<li>\u00c7\u0131kar\u0131lm\u0131\u015f sermayenin 20.000.000 TL&#8217;den <b>60.000.000 TL&#8217;ye<\/b> \u00e7\u0131kar\u0131lmas\u0131na,<\/li>\n<li>Art\u0131r\u0131lan 40.000.000 TL&#8217;nin tamam\u0131n\u0131n i\u00e7 kaynaklardan (Ola\u011fan\u00fcst\u00fc yedekler, emisyon primleri ve sermaye d\u00fczeltme farklar\u0131) kar\u015f\u0131lanmas\u0131na karar vermi\u015ftir.<\/li>\n<li>Bu kapsamda 03.09.2025 tarihinde SPK&#8217;ya ba\u015fvuru yap\u0131lm\u0131\u015ft\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. Risk Y\u00f6netimi ve \u0130\u00e7 Kontrol<\/h2>\n<p>\u015eirket, operasyonel ve finansal riskleri asgariye indirmek i\u00e7in yap\u0131land\u0131r\u0131lm\u0131\u015f bir sisteme sahiptir.<\/p>\n<ul>\n<li><b>\u0130\u00e7 Kontrol:<\/b> Hata, hile ve usuls\u00fczl\u00fcklerin \u00f6nlenmesi amac\u0131yla t\u00fcm i\u015f ve i\u015flemlerin mevzuata uygunlu\u011fu tefti\u015f birimi (Esra \u00d6zkaya) taraf\u0131ndan denetlenmektedir.<\/li>\n<li><b>Risk Y\u00f6netimi:<\/b> \u015eirket, risk y\u00f6netimi hizmetlerini &#8220;RiskAktif E\u011fitim Yaz\u0131l\u0131m Dan\u0131\u015fmanl\u0131k Ltd. \u015eti.&#8221;den almaktad\u0131r.<\/li>\n<li><b>Maruz Kal\u0131nan Temel Riskler:<\/b>\n<ul>\n<li><b>Kur Riski:<\/b> Portf\u00f6ydeki d\u00f6viz cinsinden varl\u0131klar\u0131n kurlar\u0131ndaki de\u011fi\u015fim belirsizli\u011fi.<\/li>\n<li><b>Likidite Riski:<\/b> Varl\u0131klar\u0131n nakde \u00e7evrilememesi veya vadelerin uzun olmas\u0131 durumu.<\/li>\n<\/ul>\n<\/li>\n<li><b>S\u0131n\u0131rlamalar:<\/b> Net aktif de\u011ferin %10&#8217;undan fazlas\u0131 tek bir ihra\u00e7\u00e7\u0131n\u0131n ara\u00e7lar\u0131na yat\u0131r\u0131lamaz (\u0130potek teminatl\u0131 menkul k\u0131ymetler hari\u00e7).<\/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>7. \u00d6nemli Beyanlar ve Ba\u011f\u0131ms\u0131z Denetim<\/h2>\n<h3>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc Al\u0131nt\u0131s\u0131<\/h3>\n<p>&#8220;G\u00f6r\u00fc\u015f\u00fcm\u00fcze g\u00f6re, y\u00f6netim kurulunun y\u0131ll\u0131k faaliyet raporu i\u00e7inde yer alan finansal bilgiler ile Y\u00f6netim Kurulu\u2019nun \u015eirket\u2019in durumu hakk\u0131nda denetlenmi\u015f olan finansal tablolarda yer alan bilgileri kullanarak yapt\u0131\u011f\u0131 irdelemeler, t\u00fcm \u00f6nemli y\u00f6nleriyle, denetlenen finansal tablolarla ve ba\u011f\u0131ms\u0131z denetim s\u0131ras\u0131nda elde etti\u011fimiz bilgilerle tutarl\u0131d\u0131r ve ger\u00e7e\u011fi yans\u0131tmaktad\u0131r.&#8221;<\/p>\n<h3>Kar Da\u011f\u0131t\u0131m Politikas\u0131<\/h3>\n<ul>\n<li>\u015eirket, net da\u011f\u0131t\u0131labilir kar\u0131n en az %20&#8217;sinin nakden da\u011f\u0131t\u0131lmas\u0131n\u0131 hedefleyen bir politikaya sahiptir.<\/li>\n<li><b>2024 Y\u0131l\u0131 Karar\u0131:<\/b> 2024 y\u0131l\u0131nda olu\u015fan 9.977.889 TL net d\u00f6nem zarar\u0131 nedeniyle kar pay\u0131 da\u011f\u0131t\u0131lmamas\u0131na ve bu zarar\u0131n sermaye d\u00fczeltme farklar\u0131ndan mahsup edilmesine karar verilmi\u015ftir.<\/li>\n<\/ul>\n<h3>Di\u011fer Hususlar<\/h3>\n<ul>\n<li>Rapor d\u00f6nemi i\u00e7erisinde \u015eirket aleyhine a\u00e7\u0131lan, mali durumu etkileyebilecek nitelikte bir dava bulunmamaktad\u0131r.<\/li>\n<li>\u015eirket taraf\u0131ndan 2025 y\u0131l\u0131 i\u00e7erisinde herhangi bir ba\u011f\u0131\u015f veya yard\u0131m yap\u0131lmam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1016\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Turkish: &#8220;Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e., 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131n\u0131 ve gelecek stratejilerini a\u00e7\u0131klad\u0131. Y\u0131l\u0131 net zarar ile kapatmas\u0131na ra\u011fmen, sermayesini %200 oran\u0131nda bedelsiz art\u0131rma karar\u0131 ve Metro Portf\u00f6y ile ba\u015flayan yeni y\u00f6netim d\u00f6nemi, \u015firketin piyasadaki konumunu g\u00fc\u00e7lendirme hedefini ortaya koyuyor. \u0130\u015fte 2025 y\u0131l\u0131 faaliyet raporundan \u00f6ne \u00e7\u0131kan mali veriler ve operasyonel geli\u015fmeler.&#8221;<br \/>\nEnglish: &#8220;Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. announced its 2025 financial results and future strategies. Despite closing the year with a net loss, the decision for a 200% bonus share capital increase and the new management era with Metro Portf\u00f6y reveal the company&#8217;s goal to strengthen its market position. Here are the key financial data and operational developments from the 2025 annual report.&#8221;<\/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":[231],"class_list":["post-1016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-etyat"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1016","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=1016"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1016\/revisions"}],"predecessor-version":[{"id":1019,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1016\/revisions\/1019"}],"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=1016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}