{"id":1452,"date":"2026-02-23T21:36:20","date_gmt":"2026-02-23T18:36:20","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1452"},"modified":"2026-02-23T22:00:46","modified_gmt":"2026-02-23T19:00:46","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-alves-alves-kablo-sanayi-2025-12-faaliyet-raporu-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1452","title":{"rendered":"\ud83c\uddf9\ud83c\uddf7 ALVES | Alves Kablo Sanayi 2025\/12 Faaliyet Raporu Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/ALVES--Alves-Kablo-Sanayi-202512-Faaliyet-Raporu-Analizi-e3fgg7c\/a-acg7dcb\" height=\"102px\" width=\"400px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><br \/>\n\u2022 G\u00fc\u00e7l\u00fc Has\u0131lat B\u00fcy\u00fcmesi: \u015eirket has\u0131lat\u0131, artan \u00fcretim kapasitesi ve sat\u0131\u015f hacminin etkisiyle bir \u00f6nceki y\u0131la g\u00f6re yakla\u015f\u0131k %37 artarak 9,67 milyar TL seviyesine ula\u015fm\u0131\u015ft\u0131r.<br \/>\n\u2022 Rekor Faaliyet K\u00e2rl\u0131l\u0131\u011f\u0131: \u015eirket tarihinin en y\u00fcksek faaliyet k\u00e2r\u0131 seviyesine ula\u015f\u0131lm\u0131\u015f; esas faaliyet k\u00e2r\u0131 %57 art\u0131\u015fla 1,83 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir. Br\u00fct k\u00e2r ise %58 art\u0131\u015fla 2,19 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<br \/>\n\u2022 Aktif B\u00fcy\u00fckl\u00fc\u011f\u00fcnde S\u0131\u00e7rama: Toplam aktif b\u00fcy\u00fckl\u00fc\u011f\u00fc yakla\u015f\u0131k iki kat\u0131na \u00e7\u0131karak 8,05 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r (%97 art\u0131\u015f).<br \/>\n\u2022 Bak\u0131r Ergitme Tesisinin Tam Kapasiteye Ula\u015fmas\u0131: 2025 y\u0131l\u0131, dikey entegrasyon stratejisinin en kritik bile\u015feni olan Bak\u0131r Ergitme Tesisinin tam kapasiteye ula\u015fmas\u0131yla hammadde ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131n azalt\u0131ld\u0131\u011f\u0131 bir y\u0131l olmu\u015ftur. Bu yat\u0131r\u0131m ile y\u0131ll\u0131k \u00fcretim kapasitesi 32.000 tona \u00e7\u0131km\u0131\u015ft\u0131r.<br \/>\n\u2022 Polatl\u0131 Yeni \u00dcretim Tesisi Yat\u0131r\u0131m\u0131: Orta gerilim kablo \u00fcretimine ge\u00e7i\u015f ve y\u00fcksek katma de\u011ferli pazarlara giri\u015f hedefiyle Ankara Polatl\u0131 OSB\u2019de yakla\u015f\u0131k 2,9 milyar TL (69 milyon USD) tutar\u0131nda yeni bir tesis yat\u0131r\u0131m\u0131 ba\u015flat\u0131lm\u0131\u015ft\u0131r.<br \/>\n\u2022 Sermaye Yap\u0131s\u0131n\u0131n G\u00fc\u00e7lendirilmesi: \u015eirket, tamam\u0131 i\u00e7 kaynaklardan kar\u015f\u0131lanmak \u00fczere %900 oran\u0131nda bedelsiz sermaye art\u0131r\u0131m\u0131 s\u00fcrecini ba\u015flatm\u0131\u015f ve sermayesini 160 milyon TL&#8217;den 1,6 milyar TL&#8217;ye \u00e7\u0131karm\u0131\u015ft\u0131r.<br \/>\n\u2022 S\u00fcrd\u00fcr\u00fclebilirlik Odakl\u0131 \u00dcretim: Tesis \u00e7at\u0131s\u0131nda kurulu G\u00fcne\u015f Enerji Santrali (GES) ile karbon emisyonlar\u0131 azalt\u0131l\u0131rken, 2025 y\u0131l\u0131nda TSRS uyumlu ilk S\u00fcrd\u00fcr\u00fclebilirlik Raporu yay\u0131mlanm\u0131\u015ft\u0131r.<br \/>\n\u2022 Kredi Notu Art\u0131\u015f\u0131: JCR Avrasya Derecelendirme A.\u015e. taraf\u0131ndan \u015firketin Uzun Vadeli Ulusal Kurum Kredi Rating Notu &#8220;A- (tr)&#8221; seviyesine y\u00fckseltilmi\u015ftir.<\/p>\n<h1>Alves Kablo 2025 Analizi: Bir Sanayi Devinin &#8220;Bak\u0131r&#8221; Stratejisi ve %900&#8217;l\u00fck D\u00f6n\u00fc\u015f\u00fcm Hikayesi<\/h1>\n<p><b>1. Giri\u015f: Sanayide Anti-K\u0131r\u0131lganl\u0131k ve Sessiz Devrim<\/b><\/p>\n<p>2025 y\u0131l\u0131, k\u00fcresel sanayi i\u00e7in adeta bir stres testi niteli\u011findeydi. Ticaret k\u0131s\u0131tlamalar\u0131 ve dalgal\u0131 emtia fiyatlar\u0131 pek \u00e7ok devi temkinli bir duru\u015fa iterken; Ankara Kahramankazan\u2019dan d\u00fcnyaya uzanan Alves Kablo, bu gri atmosferi agresif bir geni\u015fleme ve operasyonel m\u00fckemmeliyet hikayesine d\u00f6n\u00fc\u015ft\u00fcrd\u00fc. \u015eirket, sadece d\u0131\u015fsal \u015foklara kar\u015f\u0131 kendini &#8220;immunize&#8221; etmekle kalmad\u0131, ayn\u0131 zamanda hammadde egemenli\u011finden y\u00fcksek teknolojiye uzanan dikey entegrasyonuyla sanayide anti-k\u0131r\u0131lganl\u0131\u011f\u0131n kitab\u0131n\u0131 yazd\u0131.<\/p>\n<p><b>2. Rekor B\u00fcy\u00fcme: Rakamlar\u0131n \u00d6tesinde Bir &#8220;Ekonomik Hendek&#8221;<\/b><\/p>\n<p>Alves Kablo\u2019nun 2025 finansal karnesi, operasyonel kald\u0131rac\u0131n ne denli g\u00fc\u00e7l\u00fc kullan\u0131labilece\u011finin kan\u0131t\u0131 niteli\u011finde. Toplam aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc %97 art\u0131rarak <b>8,05 milyar TL<\/b> seviyesine \u00e7\u0131karan \u015firket, has\u0131lat\u0131n\u0131 da %37\u2019lik \u00e7ift haneli b\u00fcy\u00fcme ile <b>9,67 milyar TL<\/b>\u2019ye ta\u015f\u0131d\u0131. Ancak as\u0131l &#8220;uzman&#8221; i\u00e7g\u00f6r\u00fcs\u00fc k\u00e2r marjlar\u0131nda gizli: Kablo sekt\u00f6r\u00fcnde standartlar\u0131n \u00fczerinde seyreden <b>%22,7\u2019lik br\u00fct k\u00e2r marj\u0131<\/b>, \u015firketin maliyet y\u00f6netimindeki ustal\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<p>Daha da \u00f6nemlisi, has\u0131lat art\u0131\u015f\u0131n\u0131 geride b\u0131rakan operasyonel k\u00e2rl\u0131l\u0131k ivmesidir. \u015eirket, <b>1,83 milyar TL\u2019lik esas faaliyet k\u00e2r\u0131<\/b> ile tarihinin en y\u00fcksek seviyesine ula\u015farak verimlili\u011fi k\u00e2rl\u0131l\u0131\u011fa tahvil etmeyi ba\u015farm\u0131\u015ft\u0131r. Y\u00f6netim Kurulu Ba\u015fkan\u0131 Deniz Karamercan, bu d\u00f6nemi bir haz\u0131rl\u0131k evresi olarak tan\u0131ml\u0131yor:<\/p>\n<p>&#8220;2025 y\u0131l\u0131, Alves Kablo\u2019nun \u00fcretim altyap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi\u011fi, operasyonel verimlili\u011fini art\u0131rd\u0131\u011f\u0131 ve kurumsal sistemlerini daha etkin hale getirdi\u011fi bir d\u00f6n\u00fc\u015f\u00fcm y\u0131l\u0131 olmu\u015ftur.&#8221;<\/p>\n<p><b>3. Dikey Entegrasyonun M\u00fchendisli\u011fi: Bak\u0131rda &#8220;Conform&#8221; Devrimi<\/b><\/p>\n<p>Alves\u2019in k\u00e2r marjlar\u0131n\u0131 rakiplerinden ay\u0131ran en b\u00fcy\u00fck &#8220;ekonomik hendek&#8221;, hammadde ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 minimize eden dikey entegrasyon stratejisidir. Bak\u0131r Ergitme Tesisi&#8217;nin tam kapasiteye ula\u015fmas\u0131, \u015firketi sadece bir kablo \u00fcreticisi olmaktan \u00e7\u0131kar\u0131p bir metalurji \u00fcss\u00fcne d\u00f6n\u00fc\u015ft\u00fcrd\u00fc.<\/p>\n<p>S\u00fcre\u00e7teki teknik \u00fcst\u00fcnl\u00fck \u015fu sacaya\u011f\u0131 \u00fczerine kurulu:<\/p>\n<ul>\n<li><b>Bak\u0131r Ergitme:<\/b> At\u0131k ve hammaddenin i\u00e7 b\u00fcnyede i\u015flenerek d\u0131\u015fa ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n k\u0131r\u0131lmas\u0131.<\/li>\n<li><b>Conform Hatt\u0131 ile Filma\u015fin \u00dcretimi:<\/b> Bak\u0131r\u0131n kablo formuna en y\u00fcksek hassasiyetle d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesi.<\/li>\n<li><b>Bak\u0131r Bara ve Bak\u0131r Rod \u00dcretimi:<\/b> Y\u00fcksek katma de\u011ferli yan \u00fcr\u00fcnlerle \u00fcr\u00fcn portf\u00f6y\u00fcn\u00fcn \u00e7e\u015fitlendirilmesi.<\/li>\n<\/ul>\n<p><b>4. Stratejik &#8220;Hedge&#8221;: Emtia Volatilitesini K\u00e2ra D\u00f6n\u00fc\u015ft\u00fcrmek<\/b><\/p>\n<p>Bir sanayi analisti i\u00e7in en \u00e7arp\u0131c\u0131 veri, \u015firketin bak\u0131r stok pozisyonudur. LME (Londra Metal Borsas\u0131) fiyatlar\u0131n\u0131n <b>11.033 USD<\/b> seviyelerinden <b>13.040 USD<\/b> band\u0131na t\u0131rmand\u0131\u011f\u0131 bir konjonkt\u00fcrde Alves, d\u00fc\u015f\u00fck maliyetli stoklar\u0131n\u0131 bir &#8220;do\u011fal koruma&#8221; (hedge) mekanizmas\u0131 olarak kulland\u0131.<\/p>\n<p>Bu durum, \u015firketin sadece kablo satmad\u0131\u011f\u0131, ayn\u0131 zamanda emtia fiyat fark\u0131n\u0131 &#8220;hasat etti\u011fi&#8221; bir model yaratt\u0131. Kaynaklarda &#8220;negatif maliyet etkisi&#8221; olarak tan\u0131mlanan bu durum, y\u00fckselen piyasa fiyatlar\u0131 kar\u015f\u0131s\u0131nda \u015firketin br\u00fct k\u00e2r marj\u0131n\u0131 rakiplerinin aksine yukar\u0131 y\u00f6nl\u00fc destekleyen bir finansal zekay\u0131 yans\u0131t\u0131yor.<\/p>\n<p><b>5. Yat\u0131r\u0131mc\u0131lar\u0131n Oda\u011f\u0131nda: Sermaye Tavan\u0131 ve %900 Hamlesi<\/b><\/p>\n<p>\u015eirket, finansal g\u00fcc\u00fcn\u00fc sermaye piyasas\u0131 hamleleriyle ta\u00e7land\u0131rarak yat\u0131r\u0131mc\u0131 g\u00fcvenini konsolide etti. \u00c7\u0131kar\u0131lm\u0131\u015f sermayesini 160 milyon TL&#8217;den <b>1,6 milyar TL<\/b>&#8216;ye \u00e7\u0131karan devasa <b>%900&#8217;l\u00fck bedelsiz sermaye art\u0131r\u0131m\u0131<\/b>, 20 Ocak 2026 itibar\u0131yla hak kullan\u0131m\u0131na a\u00e7\u0131ld\u0131. B\u00f6l\u00fcnme sonras\u0131 <b>3,166 TL<\/b> olan teorik fiyatla piyasada yeni bir likidite alan\u0131 yarat\u0131ld\u0131.<\/p>\n<p>Bu sermaye art\u0131\u015f\u0131, \u00f6zkaynaklar\u0131n g\u00fcc\u00fcn\u00fc g\u00f6steren \u015fu kalemlerden beslendi:<\/p>\n<ul>\n<li><b>Hisse Senedi \u0130hra\u00e7 (Emisyon) Primleri:<\/b> 772,9 milyon TL<\/li>\n<li><b>Ge\u00e7mi\u015f Y\u0131l K\u00e2rlar\u0131:<\/b> 492,7 milyon TL<\/li>\n<li><b>Sermaye Enflasyon D\u00fczeltmesi Olumlu Farklar\u0131:<\/b> 174,3 milyon TL<\/li>\n<\/ul>\n<p>Ayr\u0131ca, kay\u0131tl\u0131 sermaye tavan\u0131n\u0131n <b>11 milyar TL<\/b>&#8216;ye y\u00fckseltilmesi karar\u0131, \u00f6n\u00fcm\u00fczdeki 5 y\u0131l\u0131n b\u00fcy\u00fcme projeksiyonunun ne denli iddial\u0131 oldu\u011funu teyit ediyor.<\/p>\n<p><b>6. Polatl\u0131 Megafabrika ve Avrupa Vizyonu<\/b><\/p>\n<p>Alves Kablo\u2019nun gelece\u011fi, Polatl\u0131 OSB\u2019de temelleri at\u0131lan <b>2,9 milyar TL\u2019lik (69 milyon USD)<\/b> &#8220;Megafabrika&#8221; projesinde yat\u0131yor. 108.574 m\u00b2\u2019lik devasa bir alanda y\u00fckselecek olan bu tesis, orta gerilim kablo \u00fcretimiyle \u015firketi Avrupa ve Afrika pazarlar\u0131n\u0131n ana tedarik\u00e7isi konumuna ta\u015f\u0131yacak. Yat\u0131r\u0131m\u0131n <b>2 y\u0131l i\u00e7inde tamamlanmas\u0131<\/b> ve mevcut \u00fcretimin buraya ta\u015f\u0131nmas\u0131 planlan\u0131rken, Avusturya\u2019da kurulan %100 ba\u011fl\u0131 ortakl\u0131k \u015firketin global sat\u0131\u015f a\u011f\u0131n\u0131 geni\u015fletme kararl\u0131l\u0131\u011f\u0131n\u0131 simgeliyor.<\/p>\n<p>Bu vizyon, Enerjisa i\u015ftirakleri (Toroslar ve Ba\u015fkent Elektrik) ile imzalanan toplamda yakla\u015f\u0131k <b>690 milyon TL<\/b>\u2019lik AG \u00e7er\u00e7eve ihaleleri ve zay\u0131f ak\u0131m kablo \u00fcreticisi bir firma ile yap\u0131lan <b>895 milyon TL<\/b>\u2019lik dev bak\u0131r iletken sat\u0131\u015f s\u00f6zle\u015fmesiyle \u015fimdiden kar\u015f\u0131l\u0131k bulmu\u015f durumda. Y\u00f6netim Kurulu Ba\u015fkan Vekili Hikmet Alab\u0131cak bu s\u00fcreci \u015f\u00f6yle \u00f6zetliyor:<\/p>\n<p>&#8220;Operasyonel m\u00fckemmeliyet, g\u00fc\u00e7l\u00fc kurumsal yap\u0131 ve insan odakl\u0131 y\u00f6netim anlay\u0131\u015f\u0131m\u0131zla s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme hedeflerimize kararl\u0131l\u0131kla ilerlemeye devam edece\u011fiz.&#8221;<\/p>\n<p><b>7. Sonu\u00e7: Enerjinin Yar\u0131n\u0131na Haz\u0131r m\u0131s\u0131n\u0131z?<\/b><\/p>\n<p>Alves Kablo, 2025 y\u0131l\u0131nda sadece \u00fcretim kapasitesini de\u011fil, sanayi vizyonunu da bir \u00fcst lige ta\u015f\u0131d\u0131. \u00c7at\u0131s\u0131ndaki <b>G\u00fcne\u015f Enerji Santrali (GES)<\/b> ile ger\u00e7ekle\u015ftirdi\u011fi ye\u015fil enerji \u00fcretimi, Avrupa Birli\u011fi&#8217;nin S\u0131n\u0131rda Karbon D\u00fczenleme Mekanizmas\u0131 (CBAM) gibi gelecekteki ticaret bariyerlerini \u015fimdiden bir avantaja d\u00f6n\u00fc\u015ft\u00fcrmesini sa\u011fl\u0131yor. Teknoloji, s\u00fcrd\u00fcr\u00fclebilirlik ve finansal m\u00fchendisli\u011fi ayn\u0131 potada eriten \u015firket, enerjinin yar\u0131n\u0131n\u0131 bug\u00fcnden in\u015fa ediyor.<\/p>\n<p>Peki, g\u00fcn\u00fcm\u00fcz\u00fcn h\u0131zla de\u011fi\u015fen d\u00fcnyas\u0131nda sanayi devleri i\u00e7in as\u0131l fark\u0131 yaratan \u015fey devasa fabrikalar m\u0131, yoksa hammaddeyi ve teknolojiyi y\u00f6netme h\u0131z\u0131 m\u0131?<\/p>\n<h1><span style=\"color: #3366ff;\">ALVES KABLO 2025 FAAL\u0130YET RAPORU VE STRATEJ\u0130K G\u00d6R\u00dcN\u00dcM BR\u0130F\u0130NG\u0130<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>2025 y\u0131l\u0131, Alves Kablo Sanayi ve Ticaret A.\u015e. i\u00e7in stratejik d\u00f6n\u00fc\u015f\u00fcm\u00fcn meyvelerini verdi\u011fi, \u00fcretim altyap\u0131s\u0131n\u0131n dikey entegrasyonla g\u00fc\u00e7lendirildi\u011fi ve finansal b\u00fcy\u00fckl\u00fc\u011f\u00fcn rekor seviyelere ula\u015ft\u0131\u011f\u0131 bir d\u00f6nem olmu\u015ftur. \u015eirket, aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc yakla\u015f\u0131k iki kat\u0131na \u00e7\u0131kar\u0131rken, operasyonel k\u00e2rl\u0131l\u0131k sat\u0131\u015f gelirlerinden daha h\u0131zl\u0131 bir art\u0131\u015f g\u00f6stermi\u015ftir. Bak\u0131r Ergitme Tesisinin tam kapasiteye ula\u015fmas\u0131, hammadde ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltm\u0131\u015f ve maliyet kontrol\u00fcnde kritik bir avantaj sa\u011flam\u0131\u015ft\u0131r. 2025 y\u0131l\u0131 sonu ve 2026 y\u0131l\u0131 ba\u015f\u0131nda ger\u00e7ekle\u015ftirilen sermaye art\u0131r\u0131mlar\u0131 ve Polatl\u0131 Organize Sanayi B\u00f6lgesi\u2019ndeki (OSB) dev \u00fcretim tesisi yat\u0131r\u0131m\u0131, \u015firketin orta gerilim kablo pazar\u0131na giri\u015f ve k\u00fcresel bir oyuncu olma vizyonunun temel ta\u015flar\u0131n\u0131 olu\u015fturmaktad\u0131r.<\/p>\n<h2>Finansal Performans Analizi<\/h2>\n<p>2025 y\u0131l\u0131 verileri, Alves Kablo\u2019nun g\u00fc\u00e7l\u00fc bir b\u00fcy\u00fcme ivmesi yakalad\u0131\u011f\u0131n\u0131 ve k\u00e2rl\u0131l\u0131k marjlar\u0131n\u0131 korudu\u011funu g\u00f6stermektedir.<\/p>\n<h3>Temel Finansal G\u00f6stergeler (31 Aral\u0131k 2025)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>Tutar \/ De\u011fi\u015fim<\/td>\n<td>A\u00e7\u0131klama<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Aktifler<\/b><\/td>\n<td>8,05 Milyar TL<\/td>\n<td>%97 art\u0131\u015f g\u00f6stererek iki kat\u0131na ula\u015ft\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>9,67 Milyar TL<\/td>\n<td>%37 oran\u0131nda g\u00fc\u00e7l\u00fc \u00e7ift haneli b\u00fcy\u00fcme.<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>2,19 Milyar TL<\/td>\n<td>%58 art\u0131\u015f; Br\u00fct k\u00e2r marj\u0131 yakla\u015f\u0131k %22,7.<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>1,83 Milyar TL<\/td>\n<td>%57 art\u0131\u015f ile \u015firket tarihinin en y\u00fcksek seviyesi.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6nemli Tespitler:<\/b><\/p>\n<ul>\n<li>Operasyonel k\u00e2rl\u0131l\u0131k art\u0131\u015f\u0131 (%57), has\u0131lat art\u0131\u015f\u0131n\u0131 (%37) geride b\u0131rakarak verimlilik odakl\u0131 b\u00fcy\u00fcmenin kan\u0131t\u0131 olmu\u015ftur.<\/li>\n<li>\u015eirket, 2024 y\u0131l\u0131 k\u00e2r\u0131n\u0131 (103,9 milyon TL net d\u00f6nem k\u00e2r\u0131) finansal yap\u0131y\u0131 g\u00fc\u00e7lendirmek amac\u0131yla da\u011f\u0131tmama ve ola\u011fan\u00fcst\u00fc yedek ak\u00e7e olarak ay\u0131rma karar\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Stratejik D\u00f6n\u00fc\u015f\u00fcm ve \u00dcretim Yat\u0131r\u0131mlar\u0131<\/h2>\n<p>\u015eirket, 2025 y\u0131l\u0131nda dikey entegrasyon ve y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlere odaklanarak \u00fcretim modelini modernize etmi\u015ftir.<\/p>\n<ul>\n<li><b>Bak\u0131r Ergitme Tesisi:<\/b> Tesisin tam kapasiteye ula\u015fmas\u0131yla filma\u015fin \u00fcretiminde s\u00fcreklilik sa\u011flanm\u0131\u015f, hammadde tedarikinde d\u0131\u015fa ba\u011f\u0131ml\u0131l\u0131k azalt\u0131larak maliyet yap\u0131s\u0131 daha rekabet\u00e7i bir seviyeye ta\u015f\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bak\u0131r Bara ve Lama \u00dcretimi:<\/b> Bak\u0131r bara \u00fcretimine y\u00f6nelik yat\u0131r\u0131mlar tamamlanm\u0131\u015f ve Eyl\u00fcl 2025\u2019te faaliyete ge\u00e7en tesiste y\u00fcksek katma de\u011ferli \u00fcr\u00fcn yelpazesi geni\u015fletilmi\u015ftir.<\/li>\n<li><b>Polatl\u0131 Yeni \u00dcretim Tesisi Yat\u0131r\u0131m\u0131:<\/b>\n<ul>\n<li>Ankara Polatl\u0131 OSB\u2019de 108.574 m\u00b2 arsa \u00fczerinde kurulacak olan tesis i\u00e7in yakla\u015f\u0131k <b>2,9 milyar TL (69 milyon USD)<\/b> tutar\u0131nda yat\u0131r\u0131m s\u00fcreci ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li>Tesisin 2 y\u0131l i\u00e7inde tamamlanmas\u0131 ve orta gerilim kablo \u00fcretimine ge\u00e7ilmesi hedeflenmektedir.<\/li>\n<li>Bu yat\u0131r\u0131m\u0131n Avrupa, Orta Do\u011fu ve Afrika pazarlar\u0131nda \u00fcretim hacmi ve kalite a\u00e7\u0131s\u0131ndan \u00f6nemli rekabet avantaj\u0131 sa\u011flamas\u0131 \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Dijitalle\u015fme ve End\u00fcstri 4.0:<\/b> \u00dcretim hatlar\u0131na entegre edilen sens\u00f6r tabanl\u0131 izleme sistemleri ve otomasyon teknolojileri ile duru\u015f s\u00fcreleri azalt\u0131lm\u0131\u015f ve s\u00fcre\u00e7 izlenebilirli\u011fi art\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Sermaye Yap\u0131s\u0131 ve Kurumsal Y\u00f6netim<\/h2>\n<p>2025 ve 2026 ba\u015f\u0131 itibar\u0131yla \u015firketin sermaye yap\u0131s\u0131nda radikal de\u011fi\u015fikliklere gidilmi\u015ftir.<\/p>\n<ul>\n<li><b>Sermaye Art\u0131r\u0131m\u0131:<\/b> \u015eirket sermayesi tamam\u0131 i\u00e7 kaynaklardan (emisyon primleri, ge\u00e7mi\u015f y\u0131l k\u00e2rlar\u0131 ve enflasyon d\u00fczeltme farklar\u0131) kar\u015f\u0131lanmak suretiyle <b>160 milyon TL\u2019den 1,6 milyar TL\u2019ye (%900 bedelsiz)<\/b> \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> Mevcut 600 milyon TL olan tavan, 2026-2030 d\u00f6nemi i\u00e7in <b>11 milyar TL\u2019ye<\/b> y\u00fckseltilmesi amac\u0131yla revize edilmi\u015ftir.<\/li>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131 (G\u00fcncel):<\/b>\n<ul>\n<li>Deniz Karamercan: %22,97<\/li>\n<li>Hikmet Alab\u0131cak: %23,13<\/li>\n<li>Halka A\u00e7\u0131k K\u0131s\u0131m: %53,90 (Fiili dola\u015f\u0131m oran\u0131 %50).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Y\u00f6netim Kurulu ve Komiteler:<\/b> \u015eirket b\u00fcnyesinde &#8220;Riskin Erken Saptanmas\u0131&#8221;, &#8220;Kurumsal Y\u00f6netim&#8221;, &#8220;Denetim&#8221; ve &#8220;Aday G\u00f6sterme&#8221; komiteleri aktif olarak faaliyet g\u00f6stermektedir. Ba\u011f\u0131ms\u0131z y\u00f6netim kurulu \u00fcyeleri (Mustafa U\u011fur \u015eim\u015fek, Tuncay \u0130nci, Yasin Yavuz) kurumsal y\u00f6netim ilkelerinin uygulanmas\u0131nda kritik rol oynamaktad\u0131r.<\/p>\n<h2>Pazar Dinamikleri ve Ticari Faaliyetler<\/h2>\n<p>Alves Kablo, 2025 y\u0131l\u0131 boyunca hem yurt i\u00e7i hem de yurt d\u0131\u015f\u0131 pazarlarda stratejik s\u00f6zle\u015fmelere imza atm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>\u00d6nemli Sat\u0131\u015f S\u00f6zle\u015fmeleri:<\/b>\n<ul>\n<li><b>TOK\u0130 ve Emlak Konut Projeleri:<\/b> Yurt i\u00e7i bir m\u00fchendislik firmas\u0131 ile 389,6 milyon TL + KDV tutar\u0131nda s\u00f6zle\u015fme.<\/li>\n<li><b>Enerjisa \u0130\u015ftirakleri:<\/b> Toroslar ve Ba\u015fkent Elektrik Da\u011f\u0131t\u0131m \u015firketleri ile toplamda 689,6 milyon TL + KDV de\u011ferinde AG kablo \u00e7er\u00e7eve al\u0131m\u0131 ihalesi kazan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bak\u0131r \u0130letken Sat\u0131\u015f\u0131:<\/b> Zay\u0131f ak\u0131m kablo \u00fcreticisi bir firma ile 2026 y\u0131l\u0131 i\u00e7in 895 milyon TL + KDV de\u011ferinde 1.500 ton bak\u0131r iletken s\u00f6zle\u015fmesi.<\/li>\n<\/ul>\n<\/li>\n<li><b>Uluslararas\u0131 Geni\u015fleme:<\/b> Avrupa pazar\u0131ndaki konumu g\u00fc\u00e7lendirmek amac\u0131yla Avusturya\u2019da %100 ba\u011fl\u0131 ortakl\u0131k \u015feklinde bir sermaye \u015firketi kurulmas\u0131 karar\u0131 al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bak\u0131r Stok Politikas\u0131:<\/b> \u015eirket, d\u00fc\u015f\u00fck maliyetli y\u00fcksek hacimli bak\u0131r sto\u011fu ta\u015f\u0131ma politikas\u0131 izlemektedir. Bak\u0131r fiyatlar\u0131ndaki art\u0131\u015f\u0131n, \u015firketin stok avantaj\u0131 nedeniyle br\u00fct k\u00e2r marj\u0131n\u0131 ve nakit yarat\u0131m\u0131n\u0131 pozitif etkiledi\u011fi belirtilmektedir.<\/li>\n<\/ul>\n<h2>S\u00fcrd\u00fcr\u00fclebilirlik ve Sosyal Sorumluluk<\/h2>\n<p>\u015eirketin \u00fcretim anlay\u0131\u015f\u0131n\u0131n merkezinde \u00e7evresel etkiyi azaltma ve s\u00fcrd\u00fcr\u00fclebilirlik yer almaktad\u0131r.<\/p>\n<ul>\n<li><b>Enerji Y\u00f6netimi:<\/b> Tesis \u00e7at\u0131s\u0131nda kurulu G\u00fcne\u015f Enerji Santrali (GES) ile karbon emisyonlar\u0131 azalt\u0131lmakta ve enerji verimlili\u011fi sa\u011flanmaktad\u0131r.<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik Raporlamas\u0131:<\/b> 2024 y\u0131l\u0131 faaliyetlerini i\u00e7eren TSRS uyumlu S\u00fcrd\u00fcr\u00fclebilirlik Raporu Ekim 2025\u2019te yay\u0131mlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Sosyal Sorumluluk:<\/b> \u015eirket, 2025 y\u0131l\u0131 i\u00e7erisinde 6,35 milyon TL tutar\u0131nda ba\u011f\u0131\u015f ve yard\u0131m ger\u00e7ekle\u015ftirmi\u015ftir. Ayr\u0131ca Alves Ampute Futbol Kul\u00fcb\u00fc arac\u0131l\u0131\u011f\u0131yla engelli bireylerin spora kat\u0131l\u0131m\u0131 desteklenmektedir.<\/li>\n<\/ul>\n<h2>Risk Y\u00f6netimi ve Finansman Ara\u00e7lar\u0131<\/h2>\n<p>\u015eirket, finansman kaynaklar\u0131n\u0131 \u00e7e\u015fitlendirmek amac\u0131yla sermaye piyasas\u0131 ara\u00e7lar\u0131n\u0131 etkin kullanmaktad\u0131r.<\/p>\n<ul>\n<li><b>Bor\u00e7lanma Ara\u00e7lar\u0131:<\/b> 2025 y\u0131l\u0131 boyunca farkl\u0131 vadelerde y\u00fcksek tutarl\u0131 Finansman Bonosu ve Kira Sertifikas\u0131 (Sukuk) ihra\u00e7lar\u0131 ger\u00e7ekle\u015ftirilmi\u015ftir. Toplamda 2 milyar TL&#8217;lik kira sertifikas\u0131 ihra\u00e7 tavan\u0131 kapsam\u0131nda \u00e7e\u015fitli tertiplerde sat\u0131\u015flar tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Hukuki Durum:<\/b> \u015eirket aleyhine mali durumu etkileyebilecek \u00f6nemli bir dava bulunmamaktad\u0131r. Mevcut olas\u0131 davalar i\u00e7in 676.632 TL tutar\u0131nda kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1452\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Stratejik D\u00f6n\u00fc\u015f\u00fcm ve Rekor B\u00fcy\u00fcme: Alves Kablo\u2019nun 2025 Yolculu\u011fu<br \/>\nAlves Kablo, 2025 y\u0131l\u0131nda dikey entegrasyon ve y\u00fcksek katma de\u011ferli \u00fcretim stratejisiyle tarihi bir finansal performansa imza att\u0131. Has\u0131lat\u0131n\u0131 %37 art\u0131rarak 9,67 milyar TL seviyesine ta\u015f\u0131yan \u015firket, Bak\u0131r Ergitme Tesisinin tam kapasiteye ula\u015fmas\u0131yla hammadde tedarikinde d\u0131\u015fa ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 minimize etti. Aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc ikiye katlayan ve Polatl\u0131&#8217;da 2,9 milyar TL&#8217;lik yeni dev tesis yat\u0131r\u0131m\u0131n\u0131 ba\u015flatan Alves Kablo, %900 bedelsiz sermaye art\u0131r\u0131m\u0131 ile finansal yap\u0131s\u0131n\u0131 daha da g\u00fc\u00e7lendirdi. S\u00fcrd\u00fcr\u00fclebilirlik vizyonu do\u011frultusunda GES yat\u0131r\u0131mlar\u0131 ve dijital d\u00f6n\u00fc\u015f\u00fcmle gelece\u011fin enerji altyap\u0131s\u0131n\u0131 in\u015fa etmeye devam eden \u015firketin 2025 y\u0131l\u0131 ba\u015far\u0131 \u00f6yk\u00fcs\u00fcn\u00fc ve gelecek hedeflerini detaylar\u0131yla inceleyin.<br \/>\n[Tam Faaliyet Raporuna Gitmek \u0130\u00e7in T\u0131klay\u0131n]<\/p>\n","protected":false},"author":6,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[274],"class_list":["post-1452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-alves"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1452","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=1452"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1452\/revisions"}],"predecessor-version":[{"id":1462,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1452\/revisions\/1462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1297"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}