{"id":115,"date":"2025-12-17T23:53:28","date_gmt":"2025-12-17T20:53:28","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=115"},"modified":"2025-12-17T23:53:28","modified_gmt":"2025-12-17T20:53:28","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-gundg-gundogdu-gida-sut-urunleri-sanayi-2025-9-bilanco-analizi-geleneksel-peynirden-burger-peynirine-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/115","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #GUNDG | G\u00fcndo\u011fdu G\u0131da S\u00fct \u00dcr\u00fcnleri Sanayi 2025\/9 Bilan\u00e7o Analizi | Geleneksel Peynirden Burger Peynirine \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #GUNDG | G\u00fcndo\u011fdu G\u0131da 2025\/9 Bilan\u00e7o Analizi | Geleneksel Peynirden Burger Peynirine \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/N0N4BHPIrZQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>G\u00fcne\u015f Enerjisi, Burger Peyniri ve Fenerbah\u00e7e: Bir G\u0131da \u015eirketinin Raporlar\u0131nda Gizli Kalan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Strateji<\/h1>\n<h3>Giri\u015f<\/h3>\n<p>Faaliyet raporlar\u0131 \u00e7o\u011fu zaman rakamlar\u0131n ve yasal zorunluluklar\u0131n g\u00f6lgesinde kalan, kurumsal anlat\u0131n\u0131n en kuru y\u00fcz\u00fcd\u00fcr. Ancak dikkatli bir g\u00f6z, bu belgelerin sat\u0131r aralar\u0131nda bir \u015firketin gelece\u011fini \u015fekillendiren c\u00fcretk\u00e2r stratejileri ve sessiz devrimleri fark edebilir. \u0130lk bak\u0131\u015fta geleneksel bir s\u00fct \u00fcr\u00fcnleri firmas\u0131 olan G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n son raporlar\u0131 da tam olarak b\u00f6yle bir ke\u015fif sunuyor. Bu belgeler, \u015firketin asl\u0131nda ne kadar ileri g\u00f6r\u00fc\u015fl\u00fc, modern ve stratejik bir vizyonla y\u00f6netildi\u011fini g\u00f6zler \u00f6n\u00fcne seriyor. Bu yaz\u0131da, rakamlar\u0131n ard\u0131na saklanm\u0131\u015f o d\u00f6rt \u015fa\u015f\u0131rt\u0131c\u0131 detay\u0131 ve stratejik hamleyi mercek alt\u0131na alaca\u011f\u0131z.<\/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<h3>1. Fabrikan\u0131n T\u00fcm Elektri\u011fini G\u00fcne\u015ften \u00dcretiyor, Fazlas\u0131n\u0131 Sat\u0131yorlar<\/h3>\n<p>G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n s\u00fcrd\u00fcr\u00fclebilirlik hamlesi, pek \u00e7ok sanayi kurulu\u015funa \u00f6rnek olacak nitelikte. \u015eirket, Manisa&#8217;da biri 1.240,80 kWp, di\u011feri 296,24 kWp g\u00fcc\u00fcnde olmak \u00fczere iki G\u00fcne\u015f Enerjisi Santrali (GES) yat\u0131r\u0131m\u0131n\u0131 tamamlayarak 2025 y\u0131l\u0131n\u0131n ba\u015flar\u0131nda devreye ald\u0131.<\/p>\n<p>Bu yat\u0131r\u0131m\u0131n stratejik sonucu ise \u00e7arp\u0131c\u0131: Bu santraller sayesinde fabrikan\u0131n y\u0131ll\u0131k elektrik t\u00fcketiminin tamam\u0131 kar\u015f\u0131lanmakla kalm\u0131yor, ayn\u0131 zamanda \u00fcretim fazlas\u0131 elektrik \u015febekeye sat\u0131larak ek gelir elde ediliyor.<\/p>\n<p>Bu, basit bir maliyet tasarrufu hamlesinin \u00e7ok \u00f6tesinde bir anlam ta\u015f\u0131yor. \u015eirket, bu ad\u0131m\u0131yla misyonunda belirtti\u011fi &#8220;do\u011faya ve topluma duyulan sorumlulu\u011fu yerine getirme&#8221; ilkesini somut bir eyleme d\u00f6n\u00fc\u015ft\u00fcr\u00fcyor. Geleneksel bir g\u0131da \u00fcretim sekt\u00f6r\u00fcnde faaliyet g\u00f6steren bir firma i\u00e7in, enerji ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131 bu denli modern ve \u00e7evreci bir y\u00f6ntemle sa\u011flamak, son derece ileri g\u00f6r\u00fc\u015fl\u00fc bir stratejinin kan\u0131t\u0131d\u0131r.<\/p>\n<p>Y\u00fcksek kaliteli ve do\u011fal malzemelerle \u00fcretti\u011fimiz peynirlerimizi, gelenekten gelen lezzetler ile modern tasar\u0131m anlay\u0131\u015f\u0131n\u0131 harmanlayarak sunmak. M\u00fc\u015fterilerimize, sa\u011fl\u0131kl\u0131 ve lezzet dolu \u00fcr\u00fcnleri d\u00fcr\u00fcst, g\u00fcvenilir ve \u015feffaf \u00e7al\u0131\u015fma politikalar\u0131 ile sunarak, sofralarda kal\u0131c\u0131 bir yer edinmek. S\u00fcrd\u00fcr\u00fclebilir tar\u0131m uygulamalar\u0131n\u0131 destekleyerek hem do\u011faya hem de topluma duydu\u011fumuz sorumlulu\u011fu yerine getirmek.<\/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<h3>2. Geleneksel Peynirden Burger Peynirine Milyon Dolarl\u0131k Stratejik Hamle<\/h3>\n<p>\u015eirket, pazar\u0131n\u0131 geni\u015fletme ve katma de\u011ferli \u00fcr\u00fcnlere y\u00f6nelme vizyonunu \u00e7ok net bir yat\u0131r\u0131mla ortaya koyuyor. G\u00fcndo\u011fdu G\u0131da, yakla\u015f\u0131k 3 milyon ABD dolar\u0131 tutar\u0131nda bir yat\u0131r\u0131mla &#8220;dilimlenebilir i\u015flenmi\u015f peynir (burger peyniri)&#8221; \u00fcretim hatt\u0131 kuruyor.<\/p>\n<p>Bu yat\u0131r\u0131m\u0131n hedefleri de olduk\u00e7a iddial\u0131: 2027&#8217;de y\u0131ll\u0131k 7.200 ton, 2028&#8217;de ise y\u0131ll\u0131k 8.640 ton \u00fcretim seviyesine ula\u015f\u0131lmas\u0131 planlan\u0131yor. Bu hamle, yeni bir \u00fcr\u00fcn \u00fcretmekten \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor; bu, G\u00fcndo\u011fdu G\u0131da i\u00e7in stratejik bir eksen kaymas\u0131d\u0131r. \u015eirket, bu yat\u0131r\u0131mla geleneksel perakende pazar\u0131n\u0131n d\u0131\u015f\u0131na \u00e7\u0131karak restoran zincirleri, oteller ve catering firmalar\u0131 gibi y\u00fcksek hacimli al\u0131c\u0131lar\u0131n domine etti\u011fi &#8220;ev d\u0131\u015f\u0131 t\u00fcketim&#8221; pazar\u0131na cesur bir giri\u015f yap\u0131yor. Bu hamle, G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n perakende raflar\u0131ndaki geleneksel hakimiyetini, end\u00fcstriyel mutfaklar\u0131n vazge\u00e7ilmez bir tedarik\u00e7isi olma vizyonuyla birle\u015ftirdi\u011fini g\u00f6steriyor; gelir ak\u0131\u015flar\u0131n\u0131 \u00e7e\u015fitlendiriyor ve \u015firketi daha h\u0131zl\u0131 b\u00fcy\u00fcyen, k\u00e2r marj\u0131 y\u00fcksek bir segmentte konumland\u0131r\u0131yor.<\/p>\n<p>Bu b\u00fcy\u00fcme vizyonu sadece yeni \u00fcr\u00fcn hatlar\u0131yla da s\u0131n\u0131rl\u0131 de\u011fil. \u015eirketin mevcut s\u00fct i\u015fleme kapasitesini g\u00fcnde yakla\u015f\u0131k 100 tondan 600 tona \u00e7\u0131karma projesi i\u00e7in &#8220;\u00c7ED Olumlu&#8221; raporu almas\u0131, bu stratejik geni\u015flemenin ne kadar kapsaml\u0131 oldu\u011funun bir ba\u015fka g\u00f6stergesi.<\/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<h3>3. S\u00fct Ald\u0131\u011f\u0131 \u00c7ift\u00e7iye Yem Satarak Tedarik Zincirini G\u00fcvenceye Al\u0131yor<\/h3>\n<p>G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n en ak\u0131ll\u0131ca stratejilerinden biri de tedarik zinciri y\u00f6netiminde ortaya \u00e7\u0131k\u0131yor. \u015eirketin ana faaliyet alan\u0131 s\u00fct \u00fcr\u00fcnleri imalat\u0131 olsa da, ayn\u0131 zamanda yem ticareti de yap\u0131yor. Bu iki faaliyet aras\u0131ndaki ba\u011flant\u0131 ise dahice kurgulanm\u0131\u015f bir i\u015f modelini do\u011furuyor.<\/p>\n<p>\u015eirket, yem sat\u0131\u015f\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde s\u00fct ald\u0131\u011f\u0131 \u00e7ift\u00e7ilere ve \u00fcreticilere &#8220;s\u00fct al\u0131m\u0131 kar\u015f\u0131l\u0131\u011f\u0131 yem sat\u0131\u015f\u0131&#8221; modeliyle ger\u00e7ekle\u015ftiriyor. Raporda belirtilen hedef ise s\u00fct al\u0131m\u0131n\u0131n %60-70&#8217;inin bu modelle kar\u015f\u0131lanmas\u0131. Bu sadece operasyonel bir zeka \u00f6rne\u011fi de\u011fil; bu, \u015firketin misyonunun operasyonlar\u0131na nas\u0131l entegre edildi\u011finin canl\u0131 bir kan\u0131t\u0131d\u0131r. \u015eirket, misyonunda &#8220;s\u00fcrd\u00fcr\u00fclebilir tar\u0131m uygulamalar\u0131n\u0131 desteklemekten&#8221; bahsederken, bu s\u00fct-yem d\u00f6ng\u00fcs\u00fcyle tam olarak bunu yap\u0131yor. Bu model, bir yandan en kritik hammadde olan s\u00fct\u00fcn kalitesini ve tedarik s\u00fcreklili\u011fini g\u00fcvence alt\u0131na al\u0131rken, di\u011fer yandan \u00e7ift\u00e7ilerle kar\u015f\u0131l\u0131kl\u0131 faydaya dayal\u0131 bir sadakat ili\u015fkisi kuruyor ve yem ticaretinden ek bir k\u00e2rl\u0131l\u0131k sa\u011fl\u0131yor. B\u00f6ylece kendi kendine i\u015fleyen, misyon odakl\u0131 ve k\u00e2rl\u0131 bir ekosistem yarat\u0131lm\u0131\u015f oluyor.<\/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<h3>4. Y\u00f6netim Kurulunda Finans ve Futbol D\u00fcnyas\u0131ndan S\u00fcrpriz Bir \u0130sim Var<\/h3>\n<p>Bir \u015firketin kurumsal y\u00f6netim yap\u0131s\u0131, vizyonu hakk\u0131nda \u00f6nemli ipu\u00e7lar\u0131 verir. G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n y\u00f6netim kuruluna bakt\u0131\u011f\u0131m\u0131zda, ba\u011f\u0131ms\u0131z \u00fcye olarak g\u00f6rev yapan Engin Dumanl\u0131 ismi dikkat \u00e7ekiyor. Dumanl\u0131&#8217;n\u0131n \u00f6zge\u00e7mi\u015findeki en \u015fa\u015f\u0131rt\u0131c\u0131 detay, 13 y\u0131l\u0131 a\u015fk\u0131n bir s\u00fcre Fenerbah\u00e7e Futbol A\u015e&#8217;de Genel M\u00fcd\u00fcr olarak g\u00f6rev yapm\u0131\u015f olmas\u0131.<\/p>\n<p>Ancak bu hikayenin sadece g\u00f6r\u00fcnen y\u00fcz\u00fc. Dumanl\u0131&#8217;n\u0131n ayn\u0131 zamanda uluslararas\u0131 bankac\u0131l\u0131k ve finans alan\u0131nda y\u00fcksek lisans, finansal iktisat alan\u0131nda doktora derecesi ve \u00e7ok say\u0131da sermaye piyasas\u0131 lisans\u0131 gibi son derece g\u00fc\u00e7l\u00fc bir finansal altyap\u0131s\u0131 bulunuyor. Geleneksel bir g\u0131da \u015firketinin, b\u00f6ylesine farkl\u0131 ve dinamik bir end\u00fcstride tepe y\u00f6neticili\u011fi yapm\u0131\u015f bir ismi y\u00f6netime dahil etmesi, profesyonel denetime verdi\u011fi \u00f6nemi somutla\u015ft\u0131r\u0131yor. Bu durum, Dumanl\u0131&#8217;n\u0131n \u015firketin en kritik \u00fc\u00e7 komitesinde de g\u00f6rev almas\u0131yla daha da anlam kazan\u0131yor: Denetimden Sorumlu Komite, Kurumsal Y\u00f6netim Komitesi ve Riskin Erken Saptanmas\u0131 Komitesi. Bu se\u00e7im, G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n \u015feffafl\u0131k ve kurumsal y\u00f6netim ilkelerine ne kadar ba\u011fl\u0131 oldu\u011funun ve farkl\u0131 bak\u0131\u015f a\u00e7\u0131lar\u0131ndan faydalanarak stratejik vizyonunu g\u00fc\u00e7lendirme arzusunun net bir kan\u0131t\u0131d\u0131r.<\/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<h3>Sonu\u00e7<\/h3>\n<p>G\u00fcndo\u011fdu G\u0131da&#8217;n\u0131n faaliyet raporlar\u0131, \u015firketin sadece bir peynir \u00fcreticisi olmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131k\u00e7a g\u00f6steriyor. Enerjisini kendi \u00fcreten, pazar\u0131n\u0131 katma de\u011ferli \u00fcr\u00fcnlerle d\u00f6n\u00fc\u015ft\u00fcren, tedarik zincirini misyonuyla b\u00fct\u00fcnle\u015ftiren ak\u0131ll\u0131 bir modelle g\u00fcvenceye alan ve y\u00f6netimini farkl\u0131 disiplinlerden gelen profesyonellerle g\u00fc\u00e7lendiren bir yap\u0131 kar\u015f\u0131m\u0131zda. Bu d\u00f6rt stratejik hamle, \u015firketin ne kadar yenilik\u00e7i ve sa\u011flam temeller \u00fczerinde y\u00fckseldi\u011fini kan\u0131tl\u0131yor.<\/p>\n<p>Bu durum akla \u015fu soruyu getiriyor: Yerel bir \u00fcreticinin, kendi sekt\u00f6r\u00fcn\u00fcn s\u0131n\u0131rlar\u0131n\u0131 a\u015farak bu kadar b\u00fct\u00fcnsel ve modern bir strateji izlemesi, T\u00fcrkiye&#8217;nin di\u011fer k\u00f6kl\u00fc sanayi \u015firketleri i\u00e7in nas\u0131l bir yol haritas\u0131 sunabilir?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">G\u00fcndo\u011fdu G\u0131da Faaliyet ve Finansal Durum De\u011ferlendirmesi (30.09.2025 \u0130tibar\u0131yla)<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, G\u00fcndo\u011fdu G\u0131da S\u00fct \u00dcr\u00fcnleri Sanayi ve D\u0131\u015f Ticaret A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 itibar\u0131yla operasyonel, kurumsal ve finansal durumunu kapsaml\u0131 bir \u015fekilde analiz etmektedir. \u015eirket, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda 1,36 milyar TL has\u0131lat elde etmi\u015f, ancak bu d\u00f6nemi 61,56 milyon TL net zararla tamamlam\u0131\u015ft\u0131r. Bu sonu\u00e7, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6neminde kaydedilen 5,09 milyon TL&#8217;lik net k\u00e2r ile tezat olu\u015fturmaktad\u0131r.<\/p>\n<p>\u015eirket, katma de\u011ferli \u00fcr\u00fcn portf\u00f6y\u00fcn\u00fc geni\u015fletme ve operasyonel verimlili\u011fi art\u0131rma hedefiyle \u00f6nemli stratejik yat\u0131r\u0131mlar\u0131n\u0131 s\u00fcrd\u00fcrmektedir. Yakla\u015f\u0131k 3 milyon ABD dolar\u0131 tutar\u0131ndaki dilimlenebilir i\u015flenmi\u015f peynir (burger peyniri) \u00fcretim hatt\u0131 yat\u0131r\u0131m\u0131 devam etmekte olup, 2026 sonunda faaliyete ge\u00e7mesi planlanmaktad\u0131r. Ayr\u0131ca, mevcut s\u00fct i\u015fleme kapasitesini g\u00fcnl\u00fck 99,4 tondan 600 tona \u00e7\u0131karma projesi i\u00e7in &#8220;\u00c7ED Olumlu&#8221; karar\u0131 al\u0131nm\u0131\u015ft\u0131r. Enerji maliyetlerini d\u00fc\u015f\u00fcrme ve s\u00fcrd\u00fcr\u00fclebilirlik hedefleri do\u011frultusunda tamamlanan G\u00fcne\u015f Enerjisi Santrali (GES) yat\u0131r\u0131mlar\u0131 ile fabrikan\u0131n t\u00fcm elektrik ihtiyac\u0131 kar\u015f\u0131lanmakta ve \u00fcretim fazlas\u0131 elektrik sat\u0131lmaktad\u0131r.<\/p>\n<p>Kurumsal yap\u0131da dikkat \u00e7eken en \u00f6nemli geli\u015fme, raporlama d\u00f6nemi sonras\u0131nda ana hissedar Z\u00fclk\u00fcf Kopuz&#8217;un 22 Ekim 2025 tarihinde 7.800.000 adet hissesini satmas\u0131d\u0131r. Bu i\u015flem sonucunda Pusula Portf\u00f6y, %19,10 pay ile \u015eirket&#8217;in \u00f6nemli bir kurumsal yat\u0131r\u0131mc\u0131s\u0131 haline gelmi\u015f, Z\u00fclk\u00fcf Kopuz&#8217;un pay\u0131 ise %54,36&#8217;ya gerilemi\u015ftir.<\/p>\n<p>Finansal olarak, \u015eirket&#8217;in likidite pozisyonu g\u00fc\u00e7l\u00fc kalmaya devam etmekte olup, cari oran 2,18 seviyesindedir. Finansal kald\u0131ra\u00e7 oran\u0131 %33,44 ile y\u00f6netilebilir bir d\u00fczeydedir. Sekt\u00f6rel olarak, girdi maliyetlerindeki art\u0131\u015flar ve \u00e7i\u011f s\u00fct referans fiyatlar\u0131ndaki y\u00fckseli\u015fler, k\u00e2rl\u0131l\u0131k \u00fczerinde bask\u0131 olu\u015fturmaya devam etmektedir. \u015eirket, bu zorluklara ra\u011fmen markal\u0131 \u00fcr\u00fcnleri, geni\u015f bayi a\u011f\u0131 ve stratejik yat\u0131r\u0131mlar\u0131 ile pazardaki konumunu korumay\u0131 hedeflemektedir.<\/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. \u015eirket Profili ve Operasyonel Faaliyetler<\/h2>\n<h3>1.1. Genel Bak\u0131\u015f ve Faaliyet Alan\u0131<\/h3>\n<p>G\u00fcndo\u011fdu G\u0131da S\u00fct \u00dcr\u00fcnleri Sanayi ve D\u0131\u015f Ticaret A.\u015e. (Borsa Kodu: GUNDG), 6 Temmuz 1998 tarihinde kurulmu\u015f olup ana faaliyet konusu s\u00fct \u00fcr\u00fcnleri imalat\u0131, s\u00fct ve yem sat\u0131\u015f\u0131 ve pazarlamas\u0131d\u0131r. \u015eirket, s\u00fct \u00fcr\u00fcnlerinin yan\u0131 s\u0131ra sofral\u0131k zeytin, \u0131zgara zeytin ve zeytinya\u011f\u0131 gibi \u00fcr\u00fcn gruplar\u0131n\u0131n da sat\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirmektedir.<\/p>\n<p><b>Temel \u015eirket Bilgileri:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Bilgi<\/td>\n<td>Detay<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Unvan\u0131<\/b><\/td>\n<td>G\u00fcndo\u011fdu G\u0131da S\u00fct \u00dcr\u00fcnleri Sanayi ve D\u0131\u015f Ticaret A.\u015e<\/td>\n<\/tr>\n<tr>\n<td><b>Kurulu\u015f Tarihi<\/b><\/td>\n<td>06.07.1998<\/td>\n<\/tr>\n<tr>\n<td><b>Merkez Adres<\/b><\/td>\n<td>K\u00fc\u00e7\u00fcksu Mah. Kald\u0131r\u0131m Caddesi No:17\/1A \u00dcsk\u00fcdar\/\u0130stanbul<\/td>\n<\/tr>\n<tr>\n<td><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131<\/b><\/td>\n<td>150.000.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye<\/b><\/td>\n<td>39.000.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>Personel Say\u0131s\u0131<\/b><\/td>\n<td>211 (30.09.2025 itibar\u0131yla)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>1.2. \u00dcretim Tesisleri ve Tedarik Zinciri<\/h3>\n<p>\u015eirket, \u00fcretim faaliyetlerini Manisa&#8217;n\u0131n Salihli il\u00e7esinde bulunan, 15.000 m\u00b2 toplam alana kurulu 3.000 m\u00b2 kapal\u0131 alana sahip modern tesislerinde y\u00fcr\u00fctmektedir.<\/p>\n<ul>\n<li><b>S\u00fct Tedariki:<\/b> \u015eirket, y\u00fcksek kaliteli hammadde temini i\u00e7in \u00d6demi\u015f&#8217;teki s\u00fct toplama merkezi arac\u0131l\u0131\u011f\u0131yla b\u00f6lgedeki \u00e7iftliklerden, s\u00fct \u00fcreticilerinden ve kooperatiflerden s\u00fct toplamaktad\u0131r. Tedarik \u00fc\u00e7 kanaldan sa\u011flanmaktad\u0131r:\n<ol>\n<li><b>\u00c7iftliklerden Do\u011frudan Al\u0131m:<\/b> Protein ve ya\u011f oran\u0131 y\u00fcksek (%3,6 ya\u011f, %3,2 protein) s\u00fct temini.<\/li>\n<li><b>S\u00fct Kooperatifleri:<\/b> K\u00f6ylerdeki \u00fcreticilerin s\u00fctlerinin topland\u0131\u011f\u0131 kaynaklar.<\/li>\n<li><b>S\u00fct Toplay\u0131c\u0131lar\u0131:<\/b> Kalite testlerinden ge\u00e7irilmi\u015f s\u00fctlerin temini.<\/li>\n<\/ol>\n<\/li>\n<li><b>So\u011fuk Zincir:<\/b> \u00d6demi\u015f S\u00fct Toplama Merkezi, sadece 4\u00b0C\u2019de muhafaza edilen \u00e7iftlik s\u00fctlerini toplayarak \u00fcretim s\u00fcreci boyunca so\u011fuk zincirin korunmas\u0131n\u0131 sa\u011flamaktad\u0131r.<\/li>\n<li><b>Yem Ticareti:<\/b> \u015eirket, s\u00fct ald\u0131\u011f\u0131 ki\u015fi ve kurumlara y\u00f6nelik yem ticareti de yapmaktad\u0131r. Stratejisi, y\u00fcksek hacimli yem al\u0131mlar\u0131 yaparak elde edilen iskontolar\u0131 kullanarak s\u00fct tedarik\u00e7ilerine piyasa fiyat\u0131ndan sat\u0131\u015f yaparak k\u00e2rl\u0131l\u0131k sa\u011flamakt\u0131r. S\u00fct kar\u015f\u0131l\u0131\u011f\u0131 yem sat\u0131\u015f\u0131 oran\u0131 %60-70 aral\u0131\u011f\u0131nda hedeflenmektedir.<\/li>\n<\/ul>\n<h3>1.3. \u00dcr\u00fcn Portf\u00f6y\u00fc<\/h3>\n<p>\u015eirketin geni\u015f bir \u00fcr\u00fcn yelpazesi bulunmaktad\u0131r:<\/p>\n<ul>\n<li><b>S\u00fct ve S\u00fct \u00dcr\u00fcnleri:<\/b> Taze ka\u015far, eski ka\u015far, tost peyniri, olgunla\u015ft\u0131r\u0131lm\u0131\u015f inek ve ke\u00e7i peyniri, \u00e7e\u00e7il, dil, \u00f6rg\u00fc peyniri, mozarella, beyaz peynirler, tereya\u011f\u0131, kaymak, lor ve krema.<\/li>\n<li><b>Zeytin Grubu:<\/b> Sofral\u0131k siyah ve ye\u015fil zeytinler, \u0131zgara zeytinler ve zeytinya\u011flar\u0131.<\/li>\n<li><b>Di\u011fer:<\/b> Hayvan yemi.<\/li>\n<\/ul>\n<h3>1.4. Sat\u0131\u015f ve Pazarlama<\/h3>\n<p>\u015eirket, \u00fcr\u00fcnlerinin sat\u0131\u015f ve pazarlamas\u0131n\u0131 perakende ve ev d\u0131\u015f\u0131 t\u00fcketim kanallar\u0131 arac\u0131l\u0131\u011f\u0131yla yapmaktad\u0131r. Marmara, \u0130\u00e7 Anadolu, Ege ve G\u00fcneydo\u011fu Anadolu B\u00f6lgeleri&#8217;nde geni\u015f bir bayilik a\u011f\u0131 bulunmaktad\u0131r.<\/p>\n<p><b>2025 \u0130lk 9 Ayl\u0131k Sat\u0131\u015f Verileri:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kategori<\/td>\n<td>Br\u00fct Sat\u0131\u015f Geliri (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Yurt \u0130\u00e7i Sat\u0131\u015flar<\/b><\/td>\n<td><b>1.390.203.071<\/b><\/td>\n<\/tr>\n<tr>\n<td>S\u00fct ve S\u00fct \u00dcr\u00fcnleri<\/td>\n<td>986.681.489<\/td>\n<\/tr>\n<tr>\n<td>Yem Sat\u0131\u015flar\u0131<\/td>\n<td>378.190.171<\/td>\n<\/tr>\n<tr>\n<td>Zeytin Sat\u0131\u015flar\u0131<\/td>\n<td>19.698.139<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer G\u0131da Sat\u0131\u015flar\u0131<\/td>\n<td>5.633.272<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Yurt D\u0131\u015f\u0131 Sat\u0131\u015flar<\/b><\/td>\n<td><b>1.993.323<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>2. Kurumsal Y\u00f6netim ve Yap\u0131<\/h2>\n<h3>2.1. Y\u00f6netim Kurulu<\/h3>\n<p>Y\u00f6netim Kurulu, 5 \u00fcyeden olu\u015fmakta ve faaliyetlerini \u015feffaf, hesap verebilir, adil ve sorumlu bir \u015fekilde y\u00fcr\u00fctmektedir. 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda 18 toplant\u0131 ger\u00e7ekle\u015ftirilmi\u015f ve bu toplant\u0131lara %88,24 oran\u0131nda kat\u0131l\u0131m sa\u011flanm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>Unvan\u0131<\/td>\n<td>G\u00f6rev Ba\u015flang\u0131\u00e7<\/td>\n<td>G\u00f6rev Biti\u015f<\/td>\n<\/tr>\n<tr>\n<td>Z\u00fclk\u00fcf KOPUZ<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>16.07.2024<\/td>\n<td>16.07.2027<\/td>\n<\/tr>\n<tr>\n<td>Mustafa KOPUZ<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Vekili \/ Genel M\u00fcd\u00fcr<\/td>\n<td>16.07.2024<\/td>\n<td>16.07.2027<\/td>\n<\/tr>\n<tr>\n<td>Talha Cemil KOPUZ<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>13.01.2025<\/td>\n<td>16.07.2027<\/td>\n<\/tr>\n<tr>\n<td>Engin DUMANLI<\/td>\n<td>Y\u00f6netim Kurulu Ba\u011f\u0131ms\u0131z \u00dcyesi<\/td>\n<td>03.10.2024<\/td>\n<td>16.07.2027<\/td>\n<\/tr>\n<tr>\n<td>Burhan KAYNAK*<\/td>\n<td>Y\u00f6netim Kurulu Ba\u011f\u0131ms\u0131z \u00dcyesi<\/td>\n<td>16.07.2024<\/td>\n<td>16.07.2027<\/td>\n<\/tr>\n<tr>\n<td><i>*Burhan Kaynak, 14.07.2025 tarihinde g\u00f6revinden istifa etmi\u015ftir.<\/i><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Y\u00f6netim Kurulu Komiteleri<\/h3>\n<p>\u015eirket b\u00fcnyesinde g\u00f6rev ve sorumluluklar\u0131n etkin bir \u015fekilde yerine getirilmesi amac\u0131yla \u00fc\u00e7 ana komite kurulmu\u015ftur:<\/p>\n<ul>\n<li><b>Denetimden Sorumlu Komite:<\/b> \u015eirketin muhasebe, i\u00e7 kontrol ve i\u00e7 denetim sisteminin g\u00f6zetimini yapar. \u0130lgili d\u00f6nemde 9 adet rapor haz\u0131rlam\u0131\u015ft\u0131r.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Kurumsal y\u00f6netim ilkelerinin uygulanmas\u0131n\u0131 denetler ve iyile\u015ftirici tavsiyelerde bulunur. Aday G\u00f6sterme ve \u00dccret Komitelerinin g\u00f6revlerini de yerine getirir. \u0130lgili d\u00f6nemde 2 adet rapor haz\u0131rlam\u0131\u015ft\u0131r.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> \u015eirketin varl\u0131\u011f\u0131n\u0131 tehlikeye d\u00fc\u015f\u00fcrebilecek her t\u00fcrl\u00fc riskin erken tespitini ve y\u00f6netilmesini sa\u011flar. \u0130lgili d\u00f6nemde 4 adet rapor haz\u0131rlam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2.3. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 39.000.000 TL&#8217;dir. \u015eirket, 15-16 A\u011fustos 2024 tarihlerinde halka arz edilmi\u015f ve paylar\u0131 22 A\u011fustos 2024&#8217;ten itibaren Borsa \u0130stanbul&#8217;da (GUNDG) i\u015flem g\u00f6rmeye ba\u015flam\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>\u0130mtiyazl\u0131 Paylar:<\/b> Sermaye, 9.000.000 adet nama yaz\u0131l\u0131 (A) Grubu ve 30.000.000 adet hamiline yaz\u0131l\u0131 (B) Grubu paydan olu\u015fmaktad\u0131r. A Grubu paylar\u0131n y\u00f6netim kuruluna aday g\u00f6sterme ve genel kurulda 5 oy hakk\u0131 imtiyaz\u0131 bulunmaktad\u0131r.<\/li>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131 (30.09.2025 itibar\u0131yla):<\/b><\/li>\n<\/ul>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak<\/td>\n<td>Grup A (Adet)<\/td>\n<td>Grup B (Adet)<\/td>\n<td>Toplam Sermaye (TL)<\/td>\n<td>Oran (%)<\/td>\n<\/tr>\n<tr>\n<td>Z\u00fclk\u00fcf KOPUZ<\/td>\n<td>9.000.000<\/td>\n<td>20.000.000<\/td>\n<td>29.000.000<\/td>\n<td>74,36<\/td>\n<\/tr>\n<tr>\n<td>Halka Arz<\/td>\n<td>&#8211;<\/td>\n<td>10.000.000<\/td>\n<td>10.000.000<\/td>\n<td>25,64<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>9.000.000<\/b><\/td>\n<td><b>30.000.000<\/b><\/td>\n<td><b>39.000.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.4. Bilan\u00e7o Tarihi Sonras\u0131 \u00d6nemli Geli\u015fme: Hisse Sat\u0131\u015f\u0131<\/h3>\n<p>30.09.2025 raporlama d\u00f6nemi sonras\u0131nda, ana ortak Z\u00fclk\u00fcf Kopuz 22.10.2025 tarihinde 90 TL fiyattan 7.800.000 TL nominal de\u011ferli pay sat\u0131\u015f\u0131 ger\u00e7ekle\u015ftirmi\u015ftir. Bu i\u015flem sonras\u0131 olu\u015fan yeni ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak \/ Fon<\/td>\n<td>Sermayedeki Pay (TL)<\/td>\n<td>Sermayedeki Oran (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Z\u00fclk\u00fcf KOPUZ<\/td>\n<td>21.200.000<\/td>\n<td>54,36<\/td>\n<td>76,27<\/td>\n<\/tr>\n<tr>\n<td>Pusula Portf\u00f6y Do\u011fu Hisse Senedi Serbest Fon<\/td>\n<td>7.447.370<\/td>\n<td>19,10<\/td>\n<td>9,93<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Halka A\u00e7\u0131k)<\/td>\n<td>10.352.630<\/td>\n<td>26,54<\/td>\n<td>13,80<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>39.000.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Stratejik Yat\u0131r\u0131mlar ve Geli\u015fmeler<\/h2>\n<h3>3.1. Dilimlenebilir \u0130\u015flenmi\u015f Peynir (Burger Peyniri) \u00dcretim Hatt\u0131<\/h3>\n<p>\u015eirket, katma de\u011feri y\u00fcksek \u00fcr\u00fcn segmentindeki pazar pay\u0131n\u0131 g\u00fc\u00e7lendirmek amac\u0131yla entegre bir \u00fcretim hatt\u0131 yat\u0131r\u0131m\u0131 y\u00fcr\u00fctmektedir.<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131m Tutar\u0131:<\/b> Yakla\u015f\u0131k 3 milyon ABD dolar\u0131.<\/li>\n<li><b>Devreye Alma:<\/b> 2026 y\u0131l\u0131 Ekim ay\u0131nda devreye al\u0131nmas\u0131, 2027 Haziran&#8217;da tam kapasiteye ula\u015fmas\u0131 planlanmaktad\u0131r.<\/li>\n<li><b>Kapasite Hedefleri:<\/b>\n<ul>\n<li><b>2026 (Ekim&#8217;den itibaren):<\/b> Ayl\u0131k 240 ton<\/li>\n<li><b>2027:<\/b> Ayl\u0131k 600 ton (y\u0131ll\u0131k 7.200 ton)<\/li>\n<li><b>2028:<\/b> Ayl\u0131k 720 ton (y\u0131ll\u0131k 8.640 ton)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>3.2. S\u00fct \u0130\u015fleme Tesisi Kapasite Art\u0131\u015f\u0131<\/h3>\n<p>Mevcut 99,4 ton\/g\u00fcn kapasiteli s\u00fct i\u015fleme tesisinin kapasitesinin 600 ton\/g\u00fcn seviyesine \u00e7\u0131kar\u0131lmas\u0131na y\u00f6nelik yat\u0131r\u0131m projesi i\u00e7in T.C. \u00c7evre, \u015eehircilik ve \u0130klim De\u011fi\u015fikli\u011fi Bakanl\u0131\u011f\u0131 taraf\u0131ndan <b>&#8220;\u00c7ED Olumlu&#8221;<\/b> karar\u0131 verilmi\u015ftir. Bu yat\u0131r\u0131m, artan hammadde arz\u0131 ve pazar taleplerine yan\u0131t vermeyi ama\u00e7lamaktad\u0131r.<\/p>\n<h3>3.3. G\u00fcne\u015f Enerjisi Santrali (GES) Yat\u0131r\u0131mlar\u0131<\/h3>\n<p>\u015eirket, enerji verimlili\u011fi ve s\u00fcrd\u00fcr\u00fclebilirlik hedefleri do\u011frultusunda iki \u00f6nemli GES yat\u0131r\u0131m\u0131n\u0131 tamamlayarak devreye alm\u0131\u015ft\u0131r:<\/p>\n<ol>\n<li><b>Manisa, Kula:<\/b> 1.240,80 kWp g\u00fcc\u00fcndeki arazi GES&#8217;i 10.02.2025 tarihinde devreye al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Manisa, Salihli:<\/b> 296,24 kWp g\u00fcc\u00fcndeki \u00c7at\u0131 GES&#8217;i tamamlanarak devreye al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ol>\n<p>Bu yat\u0131r\u0131mlar sayesinde fabrikan\u0131n y\u0131ll\u0131k elektrik t\u00fcketiminin tamam\u0131 kar\u015f\u0131lanmakta ve \u00fcretim fazlas\u0131 elektrik sat\u0131larak ek gelir elde edilmektedir.<\/p>\n<h2>4. Sekt\u00f6rel De\u011ferlendirme<\/h2>\n<p>T\u00dc\u0130K verilerine g\u00f6re, A\u011fustos 2025&#8217;te ticari s\u00fct i\u015fletmelerince toplanan inek s\u00fct\u00fc miktar\u0131 bir \u00f6nceki y\u0131la g\u00f6re %0,5 azalm\u0131\u015ft\u0131r. Ancak Ocak\u2013A\u011fustos 2025 d\u00f6neminde %0,6&#8217;l\u0131k bir art\u0131\u015f g\u00f6zlenmi\u015ftir.<\/p>\n<ul>\n<li><b>\u00dcretim Art\u0131\u015flar\u0131 (Ocak-A\u011fustos 2025):<\/b> Tereya\u011f\u0131 (%10,1), i\u00e7me s\u00fct\u00fc (%8,1) ve ayran\/kefir (%8,3) \u00fcretiminde belirgin art\u0131\u015flar ya\u015fanm\u0131\u015ft\u0131r. \u0130nek peyniri \u00fcretimi ise %1,7 artm\u0131\u015ft\u0131r.<\/li>\n<li><b>Maliyet Bask\u0131s\u0131:<\/b> Ulusal S\u00fct Konseyi, yem ve enerji maliyetlerindeki art\u0131\u015flar nedeniyle \u00e7i\u011f s\u00fct referans fiyat\u0131n\u0131 1 A\u011fustos 2025&#8217;te yakla\u015f\u0131k %8, 1 Ekim 2025&#8217;te ise ilave %7 oran\u0131nda art\u0131rm\u0131\u015ft\u0131r. Bu durum, sekt\u00f6r genelinde maliyet bask\u0131s\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir.<\/li>\n<li><b>Sekt\u00f6rel Beklentiler:<\/b> 2025 son \u00e7eyre\u011finde \u00fcretimin istikrarl\u0131 seyrini s\u00fcrd\u00fcrmesi, girdi maliyetlerindeki dalgalanmalar nedeniyle \u00e7i\u011f s\u00fct fiyatlar\u0131nda s\u0131n\u0131rl\u0131 art\u0131\u015flar\u0131n devam etmesi beklenmektedir. T\u00fcketici talebinin ambalajl\u0131, fonksiyonel ve kullan\u0131ma haz\u0131r \u00fcr\u00fcnlere y\u00f6nelmesi \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<\/ul>\n<h2>5. Finansal Performans Analizi<\/h2>\n<p><i>Not: Finansal tablolar, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 uyar\u0131nca 30 Eyl\u00fcl 2025 tarihindeki sat\u0131n alma g\u00fcc\u00fcne g\u00f6re d\u00fczeltilmi\u015ftir.<\/i><\/p>\n<h3>5.1. Gelir Tablosu \u00d6zeti<\/h3>\n<p>\u015eirket, 2025&#8217;in ilk dokuz ay\u0131nda has\u0131lat\u0131nda d\u00fc\u015f\u00fc\u015f ya\u015farken, net k\u00e2rdan net zarara ge\u00e7mi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>01.01.2025 &#8211; 30.09.2025<\/td>\n<td>01.01.2024 &#8211; 30.09.2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>1.363.104.060<\/td>\n<td>2.166.395.959<\/td>\n<td>-37,1%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>137.132.311<\/td>\n<td>255.310.667<\/td>\n<td>-46,3%<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>41.968.892<\/td>\n<td>120.512.036<\/td>\n<td>-65,2%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td><b>(61.564.896)<\/b><\/td>\n<td><b>5.091.297<\/b><\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><b>Pay Ba\u015f\u0131na Kazan\u00e7 (TL)<\/b><\/td>\n<td><b>(1,58)<\/b><\/td>\n<td><b>0,13<\/b><\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>5.2. Finansal Durum Tablosu \u00d6zeti<\/h3>\n<p>\u015eirketin toplam varl\u0131klar\u0131 bir \u00f6nceki y\u0131l sonuna g\u00f6re azal\u0131rken, \u00f6zkaynaklarda da d\u00fc\u015f\u00fc\u015f g\u00f6zlenmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>695.341.469<\/td>\n<td>847.848.193<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>449.264.548<\/td>\n<td>364.333.966<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>1.144.606.017<\/b><\/td>\n<td><b>1.212.182.159<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>319.525.591<\/td>\n<td>310.331.052<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>63.235.879<\/td>\n<td>64.936.536<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>382.761.470<\/b><\/td>\n<td><b>375.267.588<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>761.844.547<\/b><\/td>\n<td><b>836.914.571<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>1.144.606.017<\/b><\/td>\n<td><b>1.212.182.159<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>5.3. Temel Finansal Rasyolar<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td>30.09.2025<\/td>\n<td>Kar\u015f\u0131la\u015ft\u0131rma D\u00f6nemi<\/td>\n<\/tr>\n<tr>\n<td><b>K\u00e2rl\u0131l\u0131k Oranlar\u0131<\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b>30.09.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r Marj\u0131<\/td>\n<td>10,06%<\/td>\n<td>11,79%<\/td>\n<\/tr>\n<tr>\n<td>Net K\u00e2r Marj\u0131<\/td>\n<td>-4,52%<\/td>\n<td>0,24%<\/td>\n<\/tr>\n<tr>\n<td>FAV\u00d6K Marj\u0131<\/td>\n<td>6,00%<\/td>\n<td>6,57%<\/td>\n<\/tr>\n<tr>\n<td><b>Likidite Oranlar\u0131<\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b>31.12.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>2,18<\/td>\n<td>2,73<\/td>\n<\/tr>\n<tr>\n<td>Nakit Oran<\/td>\n<td>0,22<\/td>\n<td>0,30<\/td>\n<\/tr>\n<tr>\n<td><b>Finansal Bor\u00e7luluk Oranlar\u0131<\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b>31.12.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Finansal Kald\u0131ra\u00e7 Oran\u0131<\/td>\n<td>33,44%<\/td>\n<td>30,96%<\/td>\n<\/tr>\n<tr>\n<td>Toplam Bor\u00e7\/\u00d6zkaynaklar<\/td>\n<td>50,24%<\/td>\n<td>44,84%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>6. Di\u011fer \u00d6nemli Hususlar<\/h2>\n<ul>\n<li><b>\u0130\u00e7 Kontrol:<\/b> \u015eirket faaliyetlerinin d\u00fczenli ve verimli y\u00fcr\u00fct\u00fclmesi, varl\u0131klar\u0131n korunmas\u0131 ve g\u00fcvenilir mali bilgilerin haz\u0131rlanmas\u0131n\u0131 sa\u011flayacak bir i\u00e7 kontrol sistemi mevcuttur.<\/li>\n<li><b>Hukuki Durum:<\/b> \u015eirket aleyhine a\u00e7\u0131lm\u0131\u015f ve mali durumunu etkileyebilecek nitelikte bir dava bulunmamaktad\u0131r. 2025&#8217;in ilk 9 ay\u0131nda \u00f6zel veya kamu denetimine tabi tutulmam\u0131\u015ft\u0131r.<\/li>\n<li><b>Ar-Ge Faaliyetleri:<\/b> 01.01.2025 \u2013 30.09.2025 d\u00f6neminde herhangi bir ara\u015ft\u0131rma geli\u015ftirme faaliyeti olmam\u0131\u015ft\u0131r.<\/li>\n<li><b>Ba\u011f\u0131\u015f ve Yard\u0131mlar:<\/b> \u015eirket, cari d\u00f6nemde ba\u011f\u0131\u015f ve yard\u0131mlar i\u00e7in 4.979.754 TL tutar\u0131nda harcama yapm\u0131\u015ft\u0131r.<\/li>\n<li><b>Esas S\u00f6zle\u015fme De\u011fi\u015fikli\u011fi:<\/b> \u015eirketin GES yat\u0131r\u0131mlar\u0131 kapsam\u0131nda elektrik \u00fcretmesi ve satmas\u0131 amac\u0131yla esas s\u00f6zle\u015fmenin &#8220;Konu ve Ama\u00e7&#8221; ba\u015fl\u0131kl\u0131 3. maddesine enerji konusu eklenmi\u015f ve bu de\u011fi\u015fiklik 16.05.2025 tarihli Ola\u011fan Genel Kurul&#8217;da onaylanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"115\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>G\u00fcne\u015f Enerjisi, Burger Peyniri ve Fenerbah\u00e7e: Bir G\u0131da \u015eirketinin Raporlar\u0131nda Gizli Kalan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Strateji Giri\u015f Faaliyet raporlar\u0131 \u00e7o\u011fu zaman rakamlar\u0131n ve yasal zorunluluklar\u0131n g\u00f6lgesinde kalan, kurumsal anlat\u0131n\u0131n en kuru y\u00fcz\u00fcd\u00fcr. Ancak dikkatli bir g\u00f6z, bu belgelerin sat\u0131r aralar\u0131nda bir&#8230; <\/p>\n","protected":false},"author":1,"featured_media":116,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6,18],"class_list":["post-115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-2025-09","tag-gundg"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/115","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=115"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/115\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/115\/revisions\/117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/116"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}