{"id":1104,"date":"2026-02-12T22:32:35","date_gmt":"2026-02-12T19:32:35","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1104"},"modified":"2026-02-12T22:35:21","modified_gmt":"2026-02-12T19:35:21","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-efor-efor-yatirim-sanayi-2025-12-bilanco-analizi-efor-yatirim-rekor-buyume-ve-yonetim-riskleri","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1104","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EFOR | Efor Yat\u0131r\u0131m Sanayi 2025\/12 Bilan\u00e7o Analizi &#8211; Efor Yat\u0131r\u0131m Rekor B\u00fcy\u00fcme ve Y\u00f6netim Riskleri"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/EFOR--Efor-Yatrm-Sanayi-202512-Bilano-Analizi---Efor-Yatrm-Rekor-Byme-ve-Ynetim-Riskleri-e3f0t7j\/a-acfikv7\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>2025 Y\u0131l\u0131 Finansal Raporlar\u0131ndan \u00d6nemli Ba\u015fl\u0131klar<br \/>\n\u2022 Kurumsal D\u00f6n\u00fc\u015f\u00fcm ve Unvan De\u011fi\u015fikli\u011fi: \u015eirket, faaliyet alanlar\u0131n\u0131n yaln\u0131zca \u00e7ay sekt\u00f6r\u00fcyle s\u0131n\u0131rl\u0131 kalmad\u0131\u011f\u0131n\u0131 ve uzun vadeli yat\u0131r\u0131m stratejilerini daha kapsay\u0131c\u0131 yans\u0131tmak amac\u0131yla &#8220;Efor \u00c7ay Sanayi Ticaret A.\u015e.&#8221; olan ticaret unvan\u0131n\u0131 &#8220;Efor Yat\u0131r\u0131m Sanayi Ticaret A.\u015e.&#8221; olarak de\u011fi\u015ftirmi\u015ftir. Bu de\u011fi\u015fikli\u011fe paralel olarak Borsa \u0130stanbul&#8217;daki i\u015flem kodu da &#8220;EFOR&#8221; olarak g\u00fcncellenmi\u015ftir.<br \/>\n\u2022 G\u00fc\u00e7l\u00fc Finansal B\u00fcy\u00fcme: 2025 y\u0131l\u0131 faaliyet d\u00f6neminde net sat\u0131\u015f gelirleri bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %40 art\u0131\u015f g\u00f6stererek 12,3 milyar TL seviyesine ula\u015fm\u0131\u015ft\u0131r. Br\u00fct kar %41 oran\u0131nda artarak 2,27 milyar TL&#8217;ye y\u00fckselirken, FAV\u00d6K (FA\u00d6K) seviyesi %47 art\u0131\u015fla 1,789 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.<br \/>\n\u2022 Sermaye Yap\u0131s\u0131n\u0131n G\u00fc\u00e7lendirilmesi: \u015eirketin 363.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi, tamam\u0131 i\u00e7 kaynaklardan kar\u015f\u0131lanmak suretiyle %500 oran\u0131nda bedelsiz art\u0131r\u0131larak 2.178.000.000 TL&#8217;ye y\u00fckseltilmi\u015ftir. Ayr\u0131ca kay\u0131tl\u0131 sermaye tavan\u0131n\u0131n 10 milyar TL&#8217;ye \u00e7\u0131kar\u0131lmas\u0131 i\u00e7in gerekli s\u00fcre\u00e7ler ba\u015flat\u0131lm\u0131\u015ft\u0131r.<br \/>\n\u2022 Stratejik Birle\u015fme ve Halka Arz Ad\u0131mlar\u0131: Sekt\u00f6rdeki konumun g\u00fc\u00e7lendirilmesi amac\u0131yla Of \u00c7aysan (Of\u00e7ay) ile birle\u015fme s\u00fcreci 2025 y\u0131l\u0131nda ba\u015flat\u0131lm\u0131\u015f olup, i\u015flemlerin 2026 y\u0131l\u0131nda tamamlanmas\u0131 hedeflenmektedir. Ayr\u0131ca ba\u011fl\u0131 ortakl\u0131k Efor G\u00fcbre&#8217;nin halka arz\u0131 i\u00e7in Sermaye Piyasas\u0131 Kurulu&#8217;na resmi ba\u015fvuru yap\u0131lm\u0131\u015ft\u0131r.<br \/>\n\u2022 Pazar ve Endeks Ba\u015far\u0131lar\u0131: Efor Yat\u0131r\u0131m, 2025 y\u0131l\u0131nda B\u0130ST 100 endeksine dahil olmu\u015f ve uluslararas\u0131 yat\u0131r\u0131mc\u0131lar nezdinde g\u00f6r\u00fcn\u00fcrl\u00fc\u011f\u00fc art\u0131ran MSCI Global Small Cap Index kapsam\u0131nda yer almaya ba\u015flam\u0131\u015ft\u0131r. \u015eirket hisseleri 2025 y\u0131l\u0131nda yat\u0131r\u0131mc\u0131s\u0131na yakla\u015f\u0131k %148 getiri sa\u011flam\u0131\u015ft\u0131r.<br \/>\n\u2022 Yenilenebilir Enerji ve Yeni Yat\u0131r\u0131mlar: Malatya&#8217;daki GES-1 ve GES-2 yat\u0131r\u0131mlar\u0131 tamamlanarak elektrik \u00fcretimine ba\u015flanm\u0131\u015f, Elaz\u0131\u011f GES projesi i\u00e7in \u00e7a\u011fr\u0131 mektubu al\u0131nm\u0131\u015ft\u0131r. \u00dcr\u00fcn \u00e7e\u015fitlili\u011fini art\u0131rmak amac\u0131yla kahve \u00fcretimi ve kafe zinciri a\u00e7\u0131lmas\u0131na y\u00f6nelik stratejik kararlar al\u0131nm\u0131\u015ft\u0131r.<br \/>\n\u2022 S\u00fcrd\u00fcr\u00fclebilirlik Liderli\u011fi: T\u00fcrkiye S\u00fcrd\u00fcr\u00fclebilirlik Raporlama Standartlar\u0131 (TSRS) ile uyumlu ilk S\u00fcrd\u00fcr\u00fclebilirlik Raporu yay\u0131mlanm\u0131\u015f ve kurumsal y\u00f6netim s\u00fcre\u00e7lerini desteklemek amac\u0131yla S\u00fcrd\u00fcr\u00fclebilirlik Komitesi kurulmu\u015ftur.<\/p>\n<p>&nbsp;<\/p>\n<figure style=\"width: 2752px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/pbs.twimg.com\/media\/HA-y_E0bAAA8Ohy?format=jpg&amp;name=4096x4096\" alt=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EFOR | Efor Yat\u0131r\u0131m Sanayi 2025\/12 Bilan\u00e7o Analizi\" width=\"2752\" height=\"1536\" \/><figcaption class=\"wp-caption-text\">\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EFOR | Efor Yat\u0131r\u0131m Sanayi 2025\/12 Bilan\u00e7o Analizi<\/figcaption><\/figure>\n<hr \/>\n<p>&nbsp;<\/p>\n<h1>Efor Yat\u0131r\u0131m Sanayi Ticaret A.\u015e. 2025 Y\u0131l\u0131 Konsolide Finansal Bilgilendirme Raporu<\/h1>\n<p>Bu rapor, Efor Yat\u0131r\u0131m Sanayi Ticaret Anonim \u015eirketi ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (Grup) 1 Ocak \u2013 31 Aral\u0131k 2025 hesap d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131, ba\u011f\u0131ms\u0131z denet\u00e7i raporunu ve ilgili dipnotlar\u0131 sentezleyerek kurumun finansal durumunu ve operasyonel performans\u0131n\u0131 analiz etmektedir.<\/p>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Efor Yat\u0131r\u0131m (eski unvan\u0131yla Efor \u00c7ay), 2025 mali y\u0131l\u0131n\u0131 y\u00fcksek enflasyon d\u00fczeltmeleri ve operasyonel geni\u015fleme ile tamamlam\u0131\u015ft\u0131r. Ba\u011f\u0131ms\u0131z denetimden &#8220;Olumlu G\u00f6r\u00fc\u015f&#8221; alan Grup, toplam has\u0131lat\u0131n\u0131 reel bazda art\u0131rmas\u0131na ra\u011fmen, net d\u00f6nem k\u00e2r\u0131nda bir \u00f6nceki y\u0131la g\u00f6re belirgin bir d\u00fc\u015f\u00fc\u015f ya\u015fam\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Has\u0131lat Geli\u015fimi:<\/b> 2025 y\u0131l\u0131nda 12,33 milyar TL has\u0131lat elde edilmi\u015f, sat\u0131\u015flar\u0131n maliyeti sonras\u0131nda 2,27 milyar TL br\u00fct k\u00e2r olu\u015fmu\u015ftur.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131k Durumu:<\/b> 2024 y\u0131l\u0131nda 577,4 milyon TL olan net d\u00f6nem k\u00e2r\u0131, 2025 sonunda 2,25 milyon TL seviyesine gerilemi\u015ftir. Bu d\u00fc\u015f\u00fc\u015fte finansman giderleri ve y\u00fcksek enflasyon muhasebesi (TMS 29) etkileri belirleyicidir.<\/li>\n<li><b>Varl\u0131k Yap\u0131s\u0131:<\/b> Grup&#8217;un toplam varl\u0131klar\u0131 11,55 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Maddi duran varl\u0131klar portf\u00f6y\u00fc g\u00fc\u00e7lenirken, yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerin pay\u0131 azalm\u0131\u015ft\u0131r.<\/li>\n<li><b>Finansal Sa\u011fl\u0131k:<\/b> Nakit ve nakit benzerleri 1,23 milyar TL&#8217;ye y\u00fckselmi\u015f, i\u015fletme faaliyetlerinden sa\u011flanan nakit ak\u0131\u015f\u0131 bir \u00f6nceki y\u0131la g\u00f6re 6 kattan fazla art\u0131\u015f g\u00f6stererek 2,34 milyar TL olmu\u015ftur.<\/li>\n<\/ul>\n<h2>1. Kurumsal Profil ve Organizasyon Yap\u0131s\u0131<\/h2>\n<h3>1.1. \u015eirket Kimli\u011fi ve De\u011fi\u015fim<\/h3>\n<p>2014 y\u0131l\u0131nda \u0130stanbul\u2019da kurulan Efor \u00c7ay Sanayi Ticaret A.\u015e., 9 Ekim 2025 tarihinde tescil edilen karar ile unvan\u0131n\u0131 <b>Efor Yat\u0131r\u0131m Sanayi Ticaret Anonim \u015eirketi<\/b> olarak de\u011fi\u015ftirmi\u015ftir. \u015eirket paylar\u0131 5 Temmuz 2024 tarihinden itibaren Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir.<\/p>\n<h3>1.2. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>31 Aral\u0131k 2025 itibar\u0131yla \u015firketin \u00f6denmi\u015f sermayesi 2.178.000.000 TL\u2019dir. \u015eirketin halka a\u00e7\u0131kl\u0131k oran\u0131 %24,79\u2019dur.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<td>Pay Tutar\u0131 (TL)<\/td>\n<\/tr>\n<tr>\n<td>\u0130brahim Akku\u015f<\/td>\n<td>63,73<\/td>\n<td>1.388.000.000<\/td>\n<\/tr>\n<tr>\n<td>Efor Holding<\/td>\n<td>11,48<\/td>\n<td>250.000.000<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>24,79<\/td>\n<td>540.000.000<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>100<\/b><\/td>\n<td><b>2.178.000.000<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>1.3. Ba\u011fl\u0131 Ortakl\u0131klar ve \u0130stihdam<\/h3>\n<p>Grup b\u00fcnyesinde \u00e7al\u0131\u015fan say\u0131s\u0131 2024 y\u0131l\u0131ndaki 351 ki\u015fiden, 2025 y\u0131l\u0131 sonunda 440 ki\u015fiye y\u00fckselmi\u015ftir. Konsolidasyona dahil edilen ba\u011fl\u0131 ortakl\u0131klar \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Efor G\u00fcbre Madencilik Sanayi Ticaret A.\u015e.:<\/b> G\u00fcbre ve k\u00f6m\u00fcr \u00fcretimi\/ticareti.<\/li>\n<li><b>Offer \u0130\u00e7ecek ve G\u0131da Pazarlama A.\u015e.:<\/b> 31 Temmuz 2025&#8217;te kurulan pazarlama ve sat\u0131\u015f organizasyonu.<\/li>\n<li><b>Efor Global Madencilik Sanayi Ticaret A.\u015e.:<\/b> Efor G\u00fcbre i\u015ftiraki olarak k\u00f6m\u00fcr ve g\u00fcbre odakl\u0131 faaliyetler.<\/li>\n<\/ul>\n<h2>2. Ba\u011f\u0131ms\u0131z Denetim Bulgular\u0131<\/h2>\n<p>Deneyim Ba\u011f\u0131ms\u0131z Denetim ve Dan\u0131\u015fmanl\u0131k A.\u015e. taraf\u0131ndan y\u00fcr\u00fct\u00fclen denetim sonucunda, finansal tablolar\u0131n TMS&#8217;ye uygun oldu\u011fu ve ger\u00e7e\u011fe uygun bir sunum sa\u011flad\u0131\u011f\u0131 (&#8220;Olumlu G\u00f6r\u00fc\u015f&#8221;) teyit edilmi\u015ftir.<\/p>\n<h3>2.1. Kilit Denetim Konular\u0131<\/h3>\n<p>Denet\u00e7i, finansal tablolar\u0131n analizinde \u00f6zellikle \u00fc\u00e7 alana odaklanm\u0131\u015ft\u0131r:<\/p>\n<ol>\n<li><b>Varl\u0131k De\u011ferlemeleri:<\/b> Grup&#8217;un \u00f6nemli bir varl\u0131k kalemini olu\u015fturan arsa, bina ve yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller ger\u00e7e\u011fe uygun de\u011fer y\u00f6ntemiyle izlenmektedir. Bu de\u011ferlemelerin \u00f6znel varsay\u0131mlar i\u00e7ermesi nedeniyle kilit konu olarak ele al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Has\u0131lat Tahakkuku:<\/b> \u00c7ay, g\u00fcbre ve k\u00f6m\u00fcr sat\u0131\u015flar\u0131ndan olu\u015fan has\u0131lat\u0131n, risk ve getirilerin devredildi\u011fi anda do\u011fru kaydedilmesi ve d\u00f6nemselli\u011fi incelenmi\u015ftir.<\/li>\n<li><b>TMS 29 Y\u00fcksek Enflasyon Muhasebesi:<\/b> 2025 y\u0131l\u0131 tablolar\u0131nda uygulanan enflasyon d\u00fczeltmelerinin do\u011frulu\u011fu ve parasal olmayan kalemlerin yeniden d\u00fczenlenmesi kapsaml\u0131 \u015fekilde test edilmi\u015ftir.<\/li>\n<\/ol>\n<h2>3. Finansal Performans Analizi<\/h2>\n<p>Grup&#8217;un gelir tablosu, operasyonel k\u00e2rl\u0131l\u0131\u011f\u0131n korundu\u011funu ancak finansman ve enflasyon etkilerinin net k\u00e2r\u0131 bask\u0131lad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Gelir Tablosu Kalemleri<\/td>\n<td>2025 (TL)<\/td>\n<td>2024 (D\u00fczeltilmi\u015f TL)<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>12.334.738.991<\/td>\n<td>8.812.649.363<\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti (-)<\/td>\n<td>(10.062.940.712)<\/td>\n<td>(7.203.833.842)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td><b>2.271.798.279<\/b><\/td>\n<td><b>1.608.815.521<\/b><\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131<\/td>\n<td>1.055.138.783<\/td>\n<td>1.052.039.515<\/td>\n<\/tr>\n<tr>\n<td>Finansman Giderleri (-)<\/td>\n<td>(958.519.916)<\/td>\n<td>(686.822.263)<\/td>\n<\/tr>\n<tr>\n<td>Net Parasal Pozisyon Kayb\u0131<\/td>\n<td>(87.405.217)<\/td>\n<td>(169.366.974)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131<\/b><\/td>\n<td><b>2.248.383<\/b><\/td>\n<td><b>577.409.570<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6nemli Notlar:<\/b><\/p>\n<ul>\n<li>Has\u0131latta reel bazda yakla\u015f\u0131k %40 oran\u0131nda bir art\u0131\u015f kaydedilmi\u015ftir.<\/li>\n<li>Pazarlama ve sat\u0131\u015f giderleri 188 milyon TL&#8217;den 337 milyon TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li>Net parasal pozisyon kay\u0131plar\u0131 azalmakla birlikte k\u00e2rl\u0131l\u0131k \u00fczerinde bask\u0131 unsuru olmaya devam etmi\u015ftir.<\/li>\n<\/ul>\n<h2>4. Finansal Durum ve Bilan\u00e7o \u00d6zeti<\/h2>\n<p>Grup&#8217;un toplam varl\u0131klar\u0131 11,55 milyar TL seviyesinde dengelenmi\u015f durumdad\u0131r.<\/p>\n<h3>4.1. Varl\u0131k Da\u011f\u0131l\u0131m\u0131<\/h3>\n<ul>\n<li><b>D\u00f6nen Varl\u0131klar:<\/b> 7,50 milyar TL. Bu kalemde stoklar 3,90 milyar TL ile en b\u00fcy\u00fck paya sahiptir. Nakit varl\u0131klar 1,23 milyar TL&#8217;ye \u00e7\u0131karak likidite pozisyonunu g\u00fc\u00e7lendirmi\u015ftir.<\/li>\n<li><b>Duran Varl\u0131klar:<\/b> 4,04 milyar TL. Maddi duran varl\u0131klar 3,11 milyar TL&#8217;den 3,67 milyar TL&#8217;ye y\u00fckselirken, yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller 1,10 milyar TL&#8217;den 266,7 milyon TL&#8217;ye gerilemi\u015ftir.<\/li>\n<\/ul>\n<h3>4.2. Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar<\/h3>\n<ul>\n<li><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 6,54 milyar TL. Ticari bor\u00e7lar 5,13 milyar TL ile y\u00fck\u00fcml\u00fcl\u00fcklerin ana k\u0131sm\u0131n\u0131 olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 391,7 milyon TL. 2024 y\u0131l\u0131na (519,1 milyon TL) g\u00f6re bir azalma g\u00f6zlemlenmi\u015ftir.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 4,61 milyar TL. Bir \u00f6nceki y\u0131la g\u00f6re %9,8 oran\u0131nda bir azalma ger\u00e7ekle\u015fmi\u015ftir. Bu azal\u0131\u015fta d\u00f6nem k\u00e2r\u0131ndaki d\u00fc\u015f\u00fc\u015f ve maddi duran varl\u0131k yeniden de\u011ferleme art\u0131\u015flar\u0131ndaki de\u011fi\u015fimler etkilidir.<\/li>\n<\/ul>\n<h2>5. Nakit Ak\u0131\u015f Analizi<\/h2>\n<p>2025 y\u0131l\u0131, Grup&#8217;un nakit yaratma kapasitesinin operasyonel anlamda g\u00fc\u00e7l\u00fc oldu\u011funu kan\u0131tlam\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>\u0130\u015fletme Faaliyetleri:<\/b> \u0130\u015fletme sermayesindeki de\u011fi\u015fimlerin y\u00f6netilmesiyle 2,34 milyar TL nakit giri\u015fi sa\u011flanm\u0131\u015ft\u0131r (2024: 367,9 milyon TL). \u00d6zellikle ticari bor\u00e7lardaki art\u0131\u015f\u0131n nakit ak\u0131\u015f\u0131na pozitif katk\u0131s\u0131 olmu\u015ftur.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> Maddi ve maddi olmayan duran varl\u0131k al\u0131mlar\u0131 i\u00e7in 327,2 milyon TL nakit \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Finansman Faaliyetleri:<\/b> Bor\u00e7lanmalardan kaynaklanan net 887,9 milyon TL nakit \u00e7\u0131k\u0131\u015f\u0131 ve 54,9 milyon TL temett\u00fc \u00f6demesi yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Nakit De\u011fi\u015fimi:<\/b> D\u00f6nem ba\u015f\u0131 433,5 milyon TL olan nakit ve benzerleri, y\u0131l sonunda 1,23 milyar TL seviyesine ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>6. Muhasebe Politikalar\u0131 ve Enflasyon Muhasebesi (TMS 29)<\/h2>\n<p>Finansal tablolar, T\u00fcrkiye&#8217;nin y\u00fcksek enflasyonlu bir ekonomi olarak de\u011ferlendirilmesi nedeniyle TMS 29 standard\u0131na uygun olarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>D\u00fczeltme Katsay\u0131s\u0131:<\/b> 31 Aral\u0131k 2024 endeksi (2.684,55) ile 31 Aral\u0131k 2025 endeksi (3.513,87) kullan\u0131larak 1,3089 d\u00fczeltme katsay\u0131s\u0131 uygulanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Uygulama Esas\u0131:<\/b> Parasal olmayan varl\u0131klar ve y\u00fck\u00fcml\u00fcl\u00fckler ile \u00f6zkaynak kalemleri bilan\u00e7o tarihindeki sat\u0131n alma g\u00fcc\u00fcne g\u00f6re yeniden d\u00fczenlenmi\u015ftir. Kar\u015f\u0131la\u015ft\u0131rmal\u0131 olarak sunulan 2024 rakamlar\u0131 da 31 Aral\u0131k 2025&#8217;teki sat\u0131n alma g\u00fcc\u00fc cinsinden ifade edilmi\u015ftir.<\/li>\n<li><b>De\u011ferleme Y\u00f6ntemleri:<\/b> Stoklar ayl\u0131k a\u011f\u0131rl\u0131kl\u0131 ortalama maliyet y\u00f6ntemiyle, arsa ve binalar ise ba\u011f\u0131ms\u0131z kurulu\u015flarca tespit edilen ger\u00e7e\u011fe uygun de\u011fer y\u00f6ntemiyle muhasebele\u015ftirilmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1104\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Efor Yat\u0131r\u0131m\u2019dan 2025 Y\u0131l\u0131nda Stratejik D\u00f6n\u00fc\u015f\u00fcm ve Rekor B\u00fcy\u00fcme!<br \/>\nEfor Yat\u0131r\u0131m, 2025 y\u0131l\u0131nda ger\u00e7ekle\u015ftirdi\u011fi unvan de\u011fi\u015fikli\u011fiyle birlikte yat\u0131r\u0131m odakl\u0131, \u00e7ok sekt\u00f6rl\u00fc ve s\u00fcrd\u00fcr\u00fclebilir bir b\u00fcy\u00fcme yap\u0131s\u0131na ge\u00e7i\u015f yapt\u0131. Net sat\u0131\u015f gelirlerini %40 art\u0131rarak 12,3 milyar TL seviyesine ta\u015f\u0131yan \u015firket, Of\u00e7ay birle\u015fmesi ve Efor G\u00fcbre\u2019nin halka arz s\u00fcreci gibi dev ad\u0131mlarla T\u00fcrkiye\u2019nin sanayi g\u00fcc\u00fcn\u00fc temsil etmeye devam ediyor. B\u0130ST 100 ve MSCI endekslerindeki yerini sa\u011flamla\u015ft\u0131ran, yenilenebilir enerji yat\u0131r\u0131mlar\u0131yla gelece\u011fi in\u015fa eden Efor Yat\u0131r\u0131m\u2019\u0131n 2025 y\u0131l\u0131 finansal ba\u015far\u0131lar\u0131n\u0131 ve stratejik hedeflerini inceleyin.<\/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":[245],"class_list":["post-1104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-efor"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1104","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=1104"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1104\/revisions"}],"predecessor-version":[{"id":1107,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1104\/revisions\/1107"}],"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=1104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}