{"id":1227,"date":"2026-02-16T21:48:53","date_gmt":"2026-02-16T18:48:53","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1227"},"modified":"2026-02-17T03:46:48","modified_gmt":"2026-02-17T00:46:48","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-oyayo-oyak-yatirim-ortakligi-2025-12-faaliyet-raporu-analizi-sadece-uc-kisiyle-zarardan-kara-gecis","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1227","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #OYAYO | Oyak Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025\/12 Faaliyet Raporu Analizi &#8211; Sadece \u00dc\u00e7 Ki\u015fiyle Zarardan K\u00e2ra Ge\u00e7i\u015f"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/OYAYO--Oyak-Yatrm-Ortakl-202512-Faaliyet-Raporu-Analizi---Sadece--Kiiyle-Zarardan-Kra-Gei-e3f66vc\/a-acfpknl\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><strong><em>2025 Y\u0131l\u0131 Finansal Raporu \u00d6nemli Sat\u0131r Ba\u015flar\u0131<\/em><\/strong><br \/>\n<em>\u2022 Karl\u0131l\u0131kta D\u00f6n\u00fc\u015f\u00fcm: \u015eirket, 2024 y\u0131l\u0131ndaki 13.120.582 TL tutar\u0131ndaki net d\u00f6nem zarar\u0131n\u0131n ard\u0131ndan, 2025 y\u0131l\u0131n\u0131 6.563.850 TL net d\u00f6nem kar\u0131 ile kapatarak \u00f6nemli bir finansal iyile\u015fme kaydetmi\u015ftir,,.<\/em><br \/>\n<em>\u2022 Varl\u0131k Yap\u0131s\u0131 ve \u00d6zkaynaklar: 31 Aral\u0131k 2025 itibar\u0131yla toplam varl\u0131klar 166.090.616 TL seviyesine ula\u015f\u0131rken, \u00f6zkaynaklar 154.239.305 TL olarak ger\u00e7ekle\u015fmi\u015ftir,. \u015eirketin \u00f6denmi\u015f sermayesi ise 20.000.000 TL&#8217;dir,.<\/em><br \/>\n<em>\u2022 Operasyonel Performans: 2025 y\u0131l\u0131 has\u0131lat\u0131 540.269.240 TL olarak ger\u00e7ekle\u015fmi\u015f ve bu faaliyetlerden 59.970.455 TL br\u00fct kar elde edilmi\u015ftir,. Pay ba\u015f\u0131na kazan\u00e7, \u00f6nceki y\u0131l\u0131n negatif de\u011ferinden (-0,6560 TL) 0,3282 TL&#8217;ye y\u00fckselmi\u015ftir.<\/em><br \/>\n<em>\u2022 Sekt\u00f6rel Konum: T\u00fcrkiye&#8217;de faaliyet g\u00f6steren 9 yat\u0131r\u0131m ortakl\u0131\u011f\u0131ndan biri olan \u015firket, 31.12.2025 tarihi itibar\u0131yla sekt\u00f6rdeki toplam net aktif de\u011ferin %7,40\u2019\u0131n\u0131 temsil etmektedir.<\/em><br \/>\n<em>\u2022 Y\u00f6netim De\u011fi\u015fiklikleri: 2025 y\u0131l\u0131 i\u00e7erisinde \u00fcst y\u00f6netimde \u00f6nemli de\u011fi\u015fiklikler ya\u015fanm\u0131\u015ft\u0131r. Ahmet \u00c7a\u011fr\u0131 \u00d6zer 8 A\u011fustos 2025&#8217;te Y\u00f6netim Kurulu Ba\u015fkan\u0131 olarak atanm\u0131\u015f, Deniz Halilo\u011flu ise 24 Mart 2025 tarihinde Genel M\u00fcd\u00fcrl\u00fck g\u00f6revine asaleten getirilmi\u015ftir,,.<\/em><br \/>\n<em>\u2022 Kar Pay\u0131 Da\u011f\u0131t\u0131m\u0131: 25 Mart 2025 tarihli Ola\u011fan Genel Kurul karar\u0131 do\u011frultusunda, 2025 y\u0131l\u0131 i\u00e7in temett\u00fc \u00f6demesi yap\u0131lmamas\u0131na karar verilmi\u015ftir.<\/em><br \/>\n<em>\u2022 Makroekonomik Ba\u011flam: 2025 y\u0131l\u0131 sonunda T\u00fcrkiye&#8217;de y\u0131ll\u0131k T\u00dcFE enflasyonu %30,9 seviyesinde ger\u00e7ekle\u015firken, BIST-100 endeksi y\u0131l\u0131 11.261,52 puan seviyesinden kapatm\u0131\u015ft\u0131r.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/pbs.twimg.com\/media\/HBUgu-EXoAEYIiZ?format=jpg&amp;name=4096x4096\" width=\"2752\" height=\"1536\" \/><\/p>\n<hr \/>\n<h1>OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025 Raporu: 3 Ki\u015filik Dev Bir Mekanizman\u0131n Perde Arkas\u0131<\/h1>\n<p><b>1. Giri\u015f: Karma\u015f\u0131k Raporlar\u0131n \u00d6tesine Bakmak<\/b><\/p>\n<p>Finansal piyasalarda rakamlar genellikle buzda\u011f\u0131n\u0131n sadece g\u00f6r\u00fcnen k\u0131sm\u0131n\u0131 temsil eder. Yat\u0131r\u0131mc\u0131lar ve analistler i\u00e7in as\u0131l de\u011fer, bilan\u00e7o kalemlerinin aras\u0131na gizlenmi\u015f stratejik tercihlerde ve operasyonel zekada yatar. OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131\u2019n\u0131n (OYO) 2025 y\u0131l\u0131 faaliyet raporu, ilk bak\u0131\u015fta standart bir kurumsal dok\u00fcman gibi g\u00f6r\u00fcnse de, sat\u0131r aralar\u0131 okundu\u011funda kar\u015f\u0131m\u0131za &#8220;yal\u0131n y\u00f6netim&#8221; kavram\u0131n\u0131n s\u0131n\u0131rlar\u0131n\u0131 zorlayan, y\u00fcksek verimlilik odakl\u0131 bir yap\u0131 \u00e7\u0131kar\u0131yor. Bu analizde, 2025 verilerinin sundu\u011fu en \u00e7arp\u0131c\u0131 5 i\u00e7g\u00f6r\u00fcy\u00fc, finansal bir r\u00f6ntgen edas\u0131yla mercek alt\u0131na alaca\u011f\u0131z.<\/p>\n<p><b>2. Verimlili\u011fin Zirvesi: Sadece 3 \u00c7al\u0131\u015fanla Milyonlar\u0131 Y\u00f6netmek<\/b><\/p>\n<p>OYO\u2019nun 2025 raporunda kar\u015f\u0131la\u015ft\u0131\u011f\u0131m\u0131z en \u00e7arp\u0131c\u0131 veri, \u015firketin ortalama personel say\u0131s\u0131n\u0131n yaln\u0131zca 3 olmas\u0131d\u0131r. Milyonlarca liral\u0131k bir portf\u00f6y\u00fc y\u00f6neten bu devasa mekanizman\u0131n sadece 3 ki\u015filik bir &#8220;operasyonel kabuk&#8221; \u00fczerine in\u015fa edilmi\u015f olmas\u0131, asl\u0131nda modern finans d\u00fcnyas\u0131n\u0131n geldi\u011fi &#8220;ekosistem y\u00f6netimi&#8221; noktas\u0131n\u0131 \u00f6zetliyor.<\/p>\n<p>\u015eirket, t\u00fcm a\u011f\u0131r operasyonel s\u00fcre\u00e7lerini OYAK grubu i\u00e7erisindeki uzmanla\u015fm\u0131\u015f birimlere delege etmi\u015f durumda: Portf\u00f6y y\u00f6netimi OYAK Portf\u00f6y\u2019den, muhasebe ve operasyonel hizmetler ise OYAK Yat\u0131r\u0131m\u2019dan d\u0131\u015f kaynak (outsourcing) yoluyla sa\u011flan\u0131yor. Bu yap\u0131, \u015firketin Ar-Ge faaliyeti y\u00fcr\u00fctmesine dahi gerek b\u0131rakm\u0131yor. Analitik bir bak\u0131\u015fla; Genel Y\u00f6netim Giderleri\u2019nin 2024\u2019teki 16,0 milyon TL seviyesinden 2025\u2019te 14,1 milyon TL\u2019ye gerilemi\u015f olmas\u0131, bu ekstrem yal\u0131nla\u015fman\u0131n ve operasyonel kald\u0131rac\u0131n somut bir ba\u015far\u0131s\u0131d\u0131r.<\/p>\n<p><b>3. Finansal R\u00f6nesans: Zarardan K\u00e2ra Keskin Bir D\u00f6n\u00fc\u015f<\/b><\/p>\n<p>2024 y\u0131l\u0131, OYO i\u00e7in 13.120.582 TL\u2019lik net zarar ile zorlu bir d\u00f6nem olmu\u015ftu. Ancak 2025 y\u0131l\u0131, \u015firketin finansal dengelerini yeniden kurdu\u011fu bir &#8220;r\u00f6nesans&#8221; y\u0131l\u0131na d\u00f6n\u00fc\u015ft\u00fc. \u015eirket, y\u0131l\u0131 6.563.850 TL net k\u00e2r ile kapatarak g\u00fc\u00e7l\u00fc bir toparlanma performans\u0131 sergiledi. Has\u0131lat\u0131n 540,2 milyon TL, sat\u0131\u015f maliyetlerinin ise 480,2 milyon TL seviyesinde ger\u00e7ekle\u015fmesi, ticari faaliyetlerden 59,9 milyon TL gibi sa\u011fl\u0131kl\u0131 bir br\u00fct k\u00e2r elde edilmesini sa\u011flad\u0131.<\/p>\n<p>Bu rakamlar\u0131n do\u011frulu\u011fu ve \u015feffafl\u0131\u011f\u0131, G\u00fcney Ba\u011f\u0131ms\u0131z Denetim (Ernst &amp; Young \/ EY) taraf\u0131ndan tescillenmi\u015f durumdad\u0131r. Sorumlu Denet\u00e7i Fatih Polat imzal\u0131 ba\u011f\u0131ms\u0131z denet\u00e7i g\u00f6r\u00fc\u015f\u00fcnde \u015fu kritik vurgu yer almaktad\u0131r:<\/p>\n<p>&#8220;Y\u00f6netim kurulunun y\u0131ll\u0131k faaliyet raporu i\u00e7inde yer alan finansal bilgiler&#8230; t\u00fcm \u00f6nemli y\u00f6nleriyle, denetlenen tam set 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<p><b>4. Oylama G\u00fcc\u00fcndeki Devasa U\u00e7urum: A Grubu \u0130mtiyaz\u0131<\/b><\/p>\n<p>Kurumsal y\u00f6netim perspektifinden bak\u0131ld\u0131\u011f\u0131nda, OYO\u2019nun sermaye yap\u0131s\u0131ndaki &#8220;oy g\u00fcc\u00fc asimetrisi&#8221; dikkat \u00e7ekicidir. \u015eirket sermayesinin sadece 57,50 TL\u2019lik k\u0131sm\u0131n\u0131 temsil eden (A) grubu imtiyazl\u0131 paylar, y\u00f6netim kurulu se\u00e7imlerinde mutlak bir belirleyici g\u00fcce sahiptir.<\/p>\n<p>Bu paylar\u0131n her biri 1.000.000 (bir milyon) oy hakk\u0131na sahipken, bu durum ana ortak OYAK Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019nin oy hakk\u0131 oran\u0131n\u0131 %86,42 gibi ezici bir seviyeye ta\u015f\u0131maktad\u0131r. Nominal de\u011fer ile y\u00f6netimsel kontrol aras\u0131ndaki bu devasa u\u00e7urum, \u015firketin stratejik karar alma mekanizmalar\u0131n\u0131n ana ortak nezdinde ne kadar s\u0131k\u0131 bir kontrolde tutuldu\u011funun en net g\u00f6stergesidir.<\/p>\n<p><b>5. Ar\u015fivlerdeki Yang\u0131n: 2013 Y\u0131l\u0131ndan Kalan Hukuki Miras<\/b><\/p>\n<p>Raporun &#8220;Davalar&#8221; ba\u015fl\u0131\u011f\u0131 alt\u0131nda, kurumsal haf\u0131zan\u0131n ve risk y\u00f6netiminin fiziksel boyutuna dair ibretlik bir detay yer al\u0131yor: 2013 y\u0131l\u0131na ait Defter-i Kebir ve Yevmiye defterlerinin, ar\u015fiv hizmeti al\u0131nan depoda \u00e7\u0131kan bir yang\u0131n sonucu zayi olmas\u0131.<\/p>\n<p>Bu durumla ilgili 2019 y\u0131l\u0131nda a\u00e7\u0131lan &#8220;has\u0131ms\u0131z dava&#8221; (zayi belgesi talebi), aradan ge\u00e7en onca y\u0131la ra\u011fmen raporlarda yer bulmaya devam ediyor. Bu detay, finansal analistler i\u00e7in sadece hukuki bir prosed\u00fcr de\u011fil, ayn\u0131 zamanda dijitalle\u015fme ve bulut tabanl\u0131 ar\u015fivleme s\u00fcre\u00e7lerinin kurumsal s\u00fcreklilik a\u00e7\u0131s\u0131ndan neden vazge\u00e7ilmez oldu\u011funun tarihsel bir kan\u0131t\u0131d\u0131r.<\/p>\n<p><b>6. 2025\u2019in Makro Direnci: Enflasyon Muhasebesi K\u0131skac\u0131nda B\u00fcy\u00fcme<\/b><\/p>\n<p>2025 y\u0131l\u0131, y\u0131ll\u0131k %30,9\u2019luk T\u00dcFE ve s\u0131k\u0131 para politikas\u0131 e\u015fli\u011finde makroekonomik belirsizliklerin s\u00fcrd\u00fc\u011f\u00fc bir d\u00f6nemdi. BIST-100 endeksinin 9.830 puandan 11.261 puana y\u00fckseldi\u011fi bu s\u00fcre\u00e7te OYO, enflasyonun bilan\u00e7olar \u00fczerindeki y\u0131prat\u0131c\u0131 etkisini en derinden hisseden kalemlerden biriyle kar\u015f\u0131la\u015ft\u0131.<\/p>\n<p>\u015eirket, uygulanan enflasyon muhasebesi (TMS 29) neticesinde gelir tablosunda 38,3 milyon TL tutar\u0131nda bir &#8220;parasal kay\u0131p&#8221; kaydetti (Not 19). Ancak bir analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda, bu denli y\u00fcksek bir nakit d\u0131\u015f\u0131 (non-cash) gidere ra\u011fmen \u015firketin 6,5 milyon TL net k\u00e2r yaratabilmi\u015f olmas\u0131, portf\u00f6y y\u00f6netiminin ve operasyonel verimlili\u011fin reel anlamda ne kadar diren\u00e7li oldu\u011funu kan\u0131tlamaktad\u0131r.<\/p>\n<p><b>7. Sonu\u00e7: Gelece\u011fe Bak\u0131\u015f ve Temel Soru<\/b><\/p>\n<p>OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131&#8217;n\u0131n 2025 performans\u0131, finansal bir devin sadece \u00e7al\u0131\u015fan say\u0131s\u0131yla de\u011fil, i\u00e7inde bulundu\u011fu ekosistemi ne kadar efektif kulland\u0131\u011f\u0131yla \u00f6l\u00e7\u00fclmesi gerekti\u011fini g\u00f6steriyor. Enflasyon muhasebesinin getirdi\u011fi &#8220;parasal kay\u0131p&#8221; bask\u0131s\u0131na ve 3 ki\u015filik \u00e7ekirdek kadrosuna ra\u011fmen \u015firket, imtiyazl\u0131 paylar\u0131n sa\u011flad\u0131\u011f\u0131 y\u00f6netimsel stabilite ve OYAK sinerjisi ile y\u0131l\u0131 k\u00e2rl\u0131 kapatmay\u0131 ba\u015farm\u0131\u015ft\u0131r.<\/p>\n<p>Sizce bir finansal devin ba\u015far\u0131s\u0131, bordrolu personel say\u0131s\u0131yla m\u0131 yoksa y\u00f6netti\u011fi ekosistemin ve stratejik i\u015f birliklerinin g\u00fcc\u00fcyle mi \u00f6l\u00e7\u00fclmelidir?<\/p>\n<p>&nbsp;<\/p>\n<h1>OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2025 Y\u0131l\u0131 Faaliyet ve Denetim Brifingi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (&#8220;\u015eirket&#8221;) 1 Ocak \u2013 31 Aral\u0131k 2025 hesap d\u00f6nemine ait faaliyet raporu ve ba\u011f\u0131ms\u0131z denet\u00e7i raporundan elde edilen temel bulgular\u0131 sentezlemektedir. 2025 y\u0131l\u0131, \u015eirket i\u00e7in finansal a\u00e7\u0131dan bir toparlanma y\u0131l\u0131 olmu\u015f; 2024 y\u0131l\u0131ndaki 13,1 milyon TL&#8217;lik net zarar\u0131n ard\u0131ndan, 2025 y\u0131l\u0131 <b>6.563.850 TL net d\u00f6nem k\u00e2r\u0131<\/b> ile kapat\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e. (EY) taraf\u0131ndan haz\u0131rlanan 16 \u015eubat 2026 tarihli raporda, y\u00f6netim kurulunun finansal bilgileri ve irdelemelerinin tam set finansal tablolarla uyumlu oldu\u011fu ve ger\u00e7e\u011fi yans\u0131tt\u0131\u011f\u0131 teyit edilmi\u015ftir. \u015eirket, 20 milyon TL \u00f6denmi\u015f sermayesi ve %52,59 oran\u0131ndaki halka a\u00e7\u0131kl\u0131k oran\u0131yla, T\u00fcrkiye&#8217;deki 9 yat\u0131r\u0131m ortakl\u0131\u011f\u0131ndan biri olarak faaliyetlerini s\u00fcrd\u00fcrmektedir. 2025 y\u0131l\u0131 sonu itibar\u0131yla \u015eirket&#8217;in net aktif de\u011feri, sekt\u00f6rdeki toplam net aktif de\u011ferin %7,40\u2019\u0131n\u0131 temsil etmektedir.<\/p>\n<h2>1. Kurumsal Profil ve Sermaye Yap\u0131s\u0131<\/h2>\n<p>\u015eirket, sermaye piyasas\u0131 ara\u00e7lar\u0131 ile ulusal ve uluslararas\u0131 piyasalarda i\u015flem g\u00f6ren k\u0131ymetli madenler portf\u00f6y\u00fc i\u015fletmek amac\u0131yla 3 Kas\u0131m 2006 tarihinde kurulmu\u015ftur.<\/p>\n<h3>1.1. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<ul>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 50.000.000 TL<\/li>\n<li><b>\u00d6denmi\u015f Sermaye:<\/b> 20.000.000 TL<\/li>\n<\/ul>\n<p><b>Ortakl\u0131k Da\u011f\u0131l\u0131m Tablosu:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak Ad\u0131<\/td>\n<td>Grup<\/td>\n<td>Pay Adedi<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k<\/td>\n<td>B<\/td>\n<td>10.517.482<\/td>\n<td>52,59<\/td>\n<\/tr>\n<tr>\n<td>OYAK Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.<\/td>\n<td>B<\/td>\n<td>9.482.460<\/td>\n<td>47,41<\/td>\n<\/tr>\n<tr>\n<td>OYAK Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.<\/td>\n<td>A<\/td>\n<td>58<\/td>\n<td>0,00<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><\/td>\n<td><b>20.000.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>1.2. \u0130mtiyazl\u0131 Paylar<\/h3>\n<p>(A) grubu imtiyazl\u0131 hisse senetleri toplam 57,50 TL tutar\u0131ndad\u0131r. Bu paylar, Y\u00f6netim Kurulu \u00fcyelerinin se\u00e7imiyle s\u0131n\u0131rl\u0131 olmak \u00fczere, pay ba\u015f\u0131na <b>1.000.000 (bir milyon) oy hakk\u0131na<\/b> sahiptir.<\/p>\n<h2>2. Y\u00f6netim ve Organizasyonel Yap\u0131<\/h2>\n<p>2025 y\u0131l\u0131 i\u00e7erisinde y\u00f6netim kurulu ve \u00fcst y\u00f6netim kademelerinde \u00f6nemli temsilci de\u011fi\u015fiklikleri ve atamalar ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<h3>2.1. Y\u00f6netim Kurulu ve Komiteler<\/h3>\n<p>Y\u00f6netim Kurulu, t\u00fczel ki\u015fi \u00fcyeler ve ba\u011f\u0131ms\u0131z \u00fcyelerden olu\u015fmaktad\u0131r. 2025 y\u0131l\u0131 i\u00e7inde kurul 14 kez toplanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan\u0131:<\/b> OYAK Portf\u00f6y Y\u00f6netimi A.\u015e. (Temsilci: Ahmet \u00c7a\u011fr\u0131 \u00d6zer)<\/li>\n<li><b>Ba\u015fkan Yard\u0131mc\u0131s\u0131:<\/b> OYKA Ka\u011f\u0131t Ambalaj Sanayi ve Tic. A.\u015e. (Temsilci: Salim Can Kara\u015f\u0131kl\u0131)<\/li>\n<li><b>Ba\u011f\u0131ms\u0131z \u00dcyeler:<\/b> Mert G\u00fcvenen ve Alaaddin Varol.<\/li>\n<li><b>Genel M\u00fcd\u00fcr:<\/b> Deniz Halilo\u011flu (24.03.2025 tarihinde asaleten atanm\u0131\u015ft\u0131r).<\/li>\n<\/ul>\n<p><b>Komite Yap\u0131lanmas\u0131:<\/b><\/p>\n<ul>\n<li><b>Denetimden Sorumlu Komite:<\/b> Mert G\u00fcvenen (Ba\u015fkan), Alaaddin Varol (\u00dcye). 2025&#8217;te 4 kez toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> Mert G\u00fcvenen (Ba\u015fkan), Alaaddin Varol (\u00dcye), G\u00fcl\u015fah Karaca (\u00dcye). 2025&#8217;te 6 kez toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Alaaddin Varol (Ba\u015fkan), Mert G\u00fcvenen (\u00dcye), Naim Zorlu (\u00dcye). 2025&#8217;te 4 kez toplanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2.2. \u0130nsan Kaynaklar\u0131<\/h3>\n<p>2025 y\u0131l\u0131 d\u00f6nem sonu itibar\u0131yla ortalama personel say\u0131s\u0131 3\u2019t\u00fcr. \u00c7al\u0131\u015fanlar\u0131n tamam\u0131 4857 say\u0131l\u0131 \u0130\u015f Kanununa tabidir. D\u00f6nem sonunda ayr\u0131lan k\u0131dem tazminat\u0131 kar\u015f\u0131l\u0131\u011f\u0131 1.126.700 TL\u2019dir.<\/p>\n<h2>3. Finansal Performans Analizi<\/h2>\n<p>\u015eirket&#8217;in finansal tablolar\u0131, 2024 y\u0131l\u0131ndaki zarar\u0131n ard\u0131ndan karl\u0131l\u0131\u011fa ge\u00e7ildi\u011fini g\u00f6stermektedir.<\/p>\n<h3>3.1. \u00d6zet Bilan\u00e7o Kar\u015f\u0131la\u015ft\u0131rmas\u0131 (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>166.047.879<\/td>\n<td>150.263.381<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>42.737<\/td>\n<td>88.053<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>166.090.616<\/b><\/td>\n<td><b>150.351.434<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>9.704.304<\/td>\n<td>970.670<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>2.147.007<\/td>\n<td>1.705.309<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>154.239.305<\/td>\n<td>147.675.455<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Gelir Tablosu \u00d6zeti (TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025 (Cari D\u00f6nem)<\/td>\n<td>2024 (\u00d6nceki D\u00f6nem)<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>540.269.240<\/td>\n<td>546.454.731<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r<\/td>\n<td>59.970.455<\/td>\n<td>60.139.474<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r\u0131<\/td>\n<td>44.953.560<\/td>\n<td>43.006.311<\/td>\n<\/tr>\n<tr>\n<td>Parasal Kay\u0131p\/Kazan\u00e7<\/td>\n<td>(38.389.710)<\/td>\n<td>(56.126.893)<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td><b>6.563.850<\/b><\/td>\n<td><b>(13.120.582)<\/b><\/td>\n<\/tr>\n<tr>\n<td>Pay Ba\u015f\u0131na Kazan\u00e7<\/td>\n<td>0,3282<\/td>\n<td>(0,6560)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.3. \u00d6nemli Finansal Notlar<\/h3>\n<ul>\n<li><b>K\u00e2r Pay\u0131 Da\u011f\u0131t\u0131m\u0131:<\/b> 25 Mart 2025 tarihli Ola\u011fan Genel Kurul karar\u0131yla temett\u00fc \u00f6demesi yap\u0131lmamas\u0131na karar verilmi\u015ftir.<\/li>\n<li><b>Mali G\u00fc\u00e7:<\/b> TTK 376. madde kapsam\u0131nda yap\u0131lan hesaplamalarda sermayenin kar\u015f\u0131l\u0131ks\u0131z kalmad\u0131\u011f\u0131 tespit edilmi\u015ftir.<\/li>\n<li><b>Hizmet Al\u0131m\u0131:<\/b> Portf\u00f6y y\u00f6neticili\u011fi hizmeti OYAK Portf\u00f6y Y\u00f6netimi A.\u015e.&#8217;den, muhasebe ve operasyonel hizmetler ise OYAK Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.&#8217;den al\u0131nmaktad\u0131r.<\/li>\n<\/ul>\n<h2>4. Sekt\u00f6rel G\u00f6r\u00fcn\u00fcm ve Risk Y\u00f6netimi<\/h2>\n<h3>4.1. K\u00fcresel ve Yerel Ekonomi<\/h3>\n<p>2025 y\u0131l\u0131nda k\u00fcresel ekonomi %3,2 b\u00fcy\u00fcme sergilerken, ticaret belirsizlikleri temel tema olmu\u015ftur. T\u00fcrkiye&#8217;de ise s\u0131k\u0131 para politikas\u0131 ve y\u00fcksek faiz ortam\u0131na ra\u011fmen ekonomik b\u00fcy\u00fcme korunmu\u015ftur.<\/p>\n<ul>\n<li><b>BIST-100 Endeksi:<\/b> 2024 sonundaki 9830,56 puandan 2025 sonunda 11261,52 puana y\u00fckselmi\u015ftir.<\/li>\n<li><b>Dolar\/TL:<\/b> 2024 sonundaki 35,28 seviyesinden 2025 sonunda 42,85 seviyesine ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>4.2. Risk Y\u00f6netimi Politikas\u0131<\/h3>\n<p>\u015eirketin risk y\u00f6netimi, OYAK Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.&#8217;nin Risk \u0130zleme Birimi taraf\u0131ndan piyasa riski, kar\u015f\u0131 taraf riski ve likidite riski ba\u015fl\u0131klar\u0131 alt\u0131nda denetlenmektedir. Faaliyet raporuna g\u00f6re \u015eirket, raporlama d\u00f6neminde herhangi bir kur veya fiyat riskine maruz kalmam\u0131\u015ft\u0131r.<\/p>\n<h3>4.3. Hukuki Durum<\/h3>\n<p>31 Aral\u0131k 2025 itibar\u0131yla \u015eirket aleyhine a\u00e7\u0131lm\u0131\u015f bir dava bulunmamaktad\u0131r. Ancak, 2013 y\u0131l\u0131na ait zayi olan defterler (yang\u0131n sebebiyle) i\u00e7in a\u00e7\u0131lm\u0131\u015f bir &#8220;zayi belgesi&#8221; talebi davas\u0131 devam etmektedir.<\/p>\n<h2>5. S\u00fcrd\u00fcr\u00fclebilirlik ve Kurumsal Y\u00f6netim<\/h2>\n<p>\u015eirket, &#8220;e\u015fitlik&#8221;, &#8220;\u015feffafl\u0131k&#8221;, &#8220;hesap verebilirlik&#8221; ve &#8220;sorumluluk&#8221; ilkelerini benimsedi\u011fini beyan etmi\u015ftir.<\/p>\n<ul>\n<li><b>Kurumsal Y\u00f6netim:<\/b> SPK Kurumsal Y\u00f6netim \u0130lkeleri&#8217;ne uyum konusunda azami \u00f6zen g\u00f6sterildi\u011fi, uygulanmayan g\u00f6n\u00fcll\u00fc ilkelerin ise bir \u00e7\u0131kar \u00e7at\u0131\u015fmas\u0131na yol a\u00e7mad\u0131\u011f\u0131 belirtilmi\u015ftir.<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik:<\/b> \u00c7evresel, sosyal ve y\u00f6neti\u015fim (\u00c7SY) unsurlar\u0131 i\u015f modelinin bir par\u00e7as\u0131 olarak ele al\u0131nmaktad\u0131r. S\u00fcrd\u00fcr\u00fclebilirlik \u00e7al\u0131\u015fmalar\u0131, OYAK Yat\u0131r\u0131m b\u00fcnyesindeki S\u00fcrd\u00fcr\u00fclebilirlik Komitesi ile e\u015fg\u00fcd\u00fcml\u00fc y\u00fcr\u00fct\u00fclmektedir.<\/li>\n<li><b>Sosyal Haklar:<\/b> \u00c7al\u0131\u015fanlara \u00f6zel sa\u011fl\u0131k ve hayat sigortas\u0131 sa\u011flanmakta, mesleki e\u011fitim ve lisans yenileme s\u00fcre\u00e7leri desteklenmektedir. 2025 y\u0131l\u0131nda 359.939 TL tutar\u0131nda sigorta poli\u00e7e bedeli \u00f6denmi\u015ftir.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ba\u015fl\u0131k: OYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 2025 Y\u0131l\u0131nda G\u00fc\u00e7l\u00fc Bir D\u00f6n\u00fc\u015f Sergiledi: Kar ve B\u00fcy\u00fcme Odakl\u0131 Bir Y\u0131l<br \/>\nOYAK Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e., 2025 y\u0131l\u0131 faaliyet raporunu a\u00e7\u0131klayarak finansal tablolar\u0131ndaki dikkat \u00e7ekici iyile\u015fmeyi payda\u015flar\u0131na sundu. Bir \u00f6nceki y\u0131l\u0131 zararla kapatan \u015firket, 2025 y\u0131l\u0131nda 6,5 milyon TL&#8217;nin \u00fczerinde net kar elde ederek operasyonel verimlili\u011fini kan\u0131tlad\u0131,. Toplam varl\u0131klar\u0131n\u0131 166 milyon TL baraj\u0131n\u0131n \u00fczerine ta\u015f\u0131yan kurum, T\u00fcrkiye\u2019deki yat\u0131r\u0131m ortakl\u0131klar\u0131 pazar\u0131nda %7,40\u2019l\u0131k net aktif de\u011fer pay\u0131 ile konumunu g\u00fc\u00e7lendirmeye devam ediyor,. K\u00fcresel ticaret belirsizlikleri ve yerel enflasyonist bask\u0131lar\u0131n g\u00f6lgesinde ge\u00e7en bir y\u0131lda, y\u00f6netim kadrosundaki stratejik yenilenmeler ve s\u00fcrd\u00fcr\u00fclebilirlik ilkelerine tam uyum vizyonuyla hareket eden \u015firket, 2026 y\u0131l\u0131 i\u00e7in diren\u00e7li bir b\u00fcy\u00fcme perspektifi \u00e7iziyor,,,. Finansal piyasalardaki g\u00fcncel veriler ve \u015firketin gelecek stratejileri hakk\u0131nda daha fazla detay yaz\u0131m\u0131zda.<\/p>\n","protected":false},"author":6,"featured_media":1136,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[258],"class_list":["post-1227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-oyayo"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1227","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1227"}],"version-history":[{"count":4,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1227\/revisions"}],"predecessor-version":[{"id":1248,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1227\/revisions\/1248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1136"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}