{"id":1893,"date":"2026-03-14T01:27:48","date_gmt":"2026-03-13T22:27:48","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1893"},"modified":"2026-03-14T01:28:52","modified_gmt":"2026-03-13T22:28:52","slug":"oyakc-bilano-analizi-202512-oyak-imento-fabrikalar-as","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1893","title":{"rendered":"\ud83d\udd34 OYAKC Bilan\u00e7o Analizi 2025\/12 | OYAK \u00c7imento Fabrikalar\u0131 AS"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 OYAKC Bilan\u00e7o Analizi 2025\/12 | Nakit Basan Ye\u015fil Sanayi Devi OYAK\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/DV5HQSZKYJE?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>OYAK \u00c7imento Fabrikalar\u0131 A.\u015e. 2025 Y\u0131l\u0131 Konsolide Finansal Raporu Brifing Belgesi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, OYAK \u00c7imento Fabrikalar\u0131 A.\u015e. (&#8220;\u015eirket&#8221;) ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (&#8220;Grup&#8221;) 31 Aral\u0131k 2025 tarihi itibar\u0131yla sona eren hesap d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denet\u00e7i raporunu analiz etmektedir. G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e. (Ernst &amp; Young Global Limited \u00fcye firmas\u0131) taraf\u0131ndan y\u00fcr\u00fct\u00fclen denetim sonucunda, Grup&#8217;un finansal durumunun T\u00fcrkiye Finansal Raporlama Standartlar\u0131&#8217;na (TFRS) uygun olarak ger\u00e7e\u011fe uygun bir bi\u00e7imde sunuldu\u011fu g\u00f6r\u00fc\u015f\u00fcne var\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>2025 y\u0131l\u0131, Grup i\u00e7in y\u00fcksek enflasyon muhasebesi (TMS 29) uygulamalar\u0131n\u0131n devam etti\u011fi ve ortakl\u0131k yap\u0131s\u0131ndaki TCC (Taiwan Cement Corporation) a\u011f\u0131rl\u0131\u011f\u0131n\u0131n belirginle\u015fti\u011fi bir d\u00f6nem olmu\u015ftur. Grup, 56,5 milyar TL has\u0131lat ve 8,76 milyar TL d\u00f6nem net k\u00e2r\u0131 elde etmi\u015ftir. Toplam varl\u0131klar 80,3 milyar TL seviyesine ula\u015f\u0131rken, \u00f6zkaynaklar 62,9 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<h2>1. Kurumsal Yap\u0131 ve Stratejik Geli\u015fmeler<\/h2>\n<p>Grup&#8217;un organizasyonel yap\u0131s\u0131nda 2025 y\u0131l\u0131nda \u00f6nemli de\u011fi\u015fimler ve yeniden yap\u0131land\u0131rma s\u00fcre\u00e7leri ya\u015fanm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b> TCC OYAK Amsterdam Holdings B.V. \u00fczerinden ger\u00e7ekle\u015fen hisse devirleri ve zorunlu pay al\u0131m teklifi sonucunda, TCC OYAK Amsterdam Holdings&#8217;in pay\u0131 %80,05&#8217;e y\u00fckselmi\u015ftir. Bu yap\u0131 dahilinde \u015eirket&#8217;in nihai ana orta\u011f\u0131 %48,03 pay ile <b>TCC<\/b>, di\u011fer orta\u011f\u0131 ise %32,02 pay ile <b>OYAK<\/b>&#8216;t\u0131r.<\/li>\n<li><b>Yeni Giri\u015fimler:<\/b> 23 Aral\u0131k 2025 tarihinde, yap\u0131 malzemeleri \u00fcretim ve sat\u0131\u015f\u0131 faaliyetlerini s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme hedefiyle koordine etmek amac\u0131yla %100 ba\u011fl\u0131 ortakl\u0131k olan <b>CIMPOR Yap\u0131 Malzemeleri A.\u015e.<\/b> kurulmu\u015ftur.<\/li>\n<li><b>Unvan De\u011fi\u015fiklikleri:<\/b> OYAK \u00c7imento Enerji A.\u015e.&#8217;nin unvan\u0131 &#8220;T1C3 Teknoloji ve Yaz\u0131l\u0131m Geli\u015ftirme A.\u015e.&#8221; olarak de\u011fi\u015ftirilerek bir Ar-Ge \u015firketine d\u00f6n\u00fc\u015ft\u00fcr\u00fclm\u00fc\u015ft\u00fcr. Ayr\u0131ca K\u0131br\u0131s&#8217;taki i\u015ftiraklerin unvanlar\u0131 &#8220;Northern Cyprus Cimpor&#8221; markas\u0131 alt\u0131nda toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u0130nsan Kayna\u011f\u0131:<\/b> 2024 y\u0131l\u0131nda 2.890 olan ortalama personel say\u0131s\u0131, 2025 y\u0131l\u0131nda 3.243\u2019e (914 beyaz yaka, 2.329 mavi yaka) y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h2>2. Ba\u011f\u0131ms\u0131z Denetim ve Kilit Denetim Konular\u0131<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7i raporunda iki temel konu &#8220;Kilit Denetim Konusu&#8221; olarak tan\u0131mlanm\u0131\u015ft\u0131r:<\/p>\n<h3>2.1 Has\u0131lat\u0131n Kay\u0131tlara Al\u0131nmas\u0131<\/h3>\n<p>Has\u0131lat, Grup&#8217;un performans takibi ve stratejik sonu\u00e7lar\u0131 a\u00e7\u0131s\u0131ndan en \u00f6nemli g\u00f6sterge olarak kabul edilmi\u015ftir.<\/p>\n<ul>\n<li><b>Kapsam:<\/b> \u00c7imento, haz\u0131r beton ve klinker sat\u0131\u015flar\u0131ndan olu\u015fmaktad\u0131r.<\/li>\n<li><b>Denetim Yakla\u015f\u0131m\u0131:<\/b> Sat\u0131\u015f s\u00fcre\u00e7lerinin kontrol\u00fc, faturalar\u0131n sevk irsaliyeleri ile e\u015fle\u015ftirilmesi ve \u00f6rnekleme y\u00f6ntemiyle ticari alacak bakiyeleri i\u00e7in m\u00fc\u015fterilerden do\u011frulama mektuplar\u0131 al\u0131nmas\u0131 prosed\u00fcrleri uygulanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2.2 Enflasyon Muhasebesi Uygulamas\u0131 (TMS 29)<\/h3>\n<p>T\u00fcrkiye ekonomisinin y\u00fcksek enflasyonlu ekonomi olarak de\u011ferlendirilmesi nedeniyle, finansal tablolar 31 Aral\u0131k 2025 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilmi\u015ftir.<\/p>\n<ul>\n<li><b>Y\u00f6ntem:<\/b> D\u00fczeltme katsay\u0131lar\u0131 T\u00dc\u0130K taraf\u0131ndan yay\u0131mlanan T\u00dcFE endeksleri \u00fczerinden hesaplanm\u0131\u015ft\u0131r (2025 sonu endeksi: 3.513,87).<\/li>\n<li><b>Etki:<\/b> 2024 y\u0131l\u0131na ait kar\u015f\u0131la\u015ft\u0131rmal\u0131 veriler de 2025 y\u0131l\u0131 sat\u0131n alma g\u00fcc\u00fcne getirilerek sunulmu\u015ftur. Bu durum, finansal tablolardaki tarihsel maliyetlerin cari al\u0131m g\u00fcc\u00fcyle uyumlu hale getirilmesini sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>3. Finansal Performans Analizi<\/h2>\n<p>Grup&#8217;un 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131, bir \u00f6nceki y\u0131l\u0131n enflasyona g\u00f6re d\u00fczeltilmi\u015f verileriyle kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda hafif bir daralma g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal G\u00f6sterge (Bin TL)<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2025<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2024 (D\u00fczeltilmi\u015f)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>56.502.601<\/td>\n<td>58.156.190<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>15.084.082<\/td>\n<td>16.534.437<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>11.347.996<\/td>\n<td>14.260.473<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131<\/b><\/td>\n<td>8.762.754<\/td>\n<td>9.381.523<\/td>\n<\/tr>\n<tr>\n<td><b>Pay Ba\u015f\u0131na Kazan\u00e7 (TL)<\/b><\/td>\n<td>1,80<\/td>\n<td>1,93<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Faaliyet B\u00f6l\u00fcmlerine G\u00f6re Performans<\/h3>\n<p>Grup, faaliyetlerini \u00e7imento ve haz\u0131r beton olmak \u00fczere iki ana b\u00f6l\u00fcmde raporlamaktad\u0131r:<\/p>\n<ul>\n<li><b>\u00c7imento:<\/b> 35,7 milyar TL has\u0131lat ve 11,03 milyar TL esas faaliyet k\u00e2r\u0131 ile ana gelir kalemini olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Haz\u0131r Beton:<\/b> 20,7 milyar TL has\u0131lat elde etmi\u015f, ancak 318,5 milyon TL ile daha d\u00fc\u015f\u00fck bir esas faaliyet k\u00e2r\u0131 marj\u0131 ile \u00e7al\u0131\u015fm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>4. Finansal Durum ve Varl\u0131k Yap\u0131s\u0131<\/h2>\n<p>Grup&#8217;un varl\u0131k yap\u0131s\u0131 g\u00fc\u00e7l\u00fc \u00f6zkaynak ve duran varl\u0131k a\u011f\u0131rl\u0131\u011f\u0131 ile karakterize edilmektedir.<\/p>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 80.297.285 bin TL (2024: 73.870.801 bin TL).<\/li>\n<li><b>D\u00f6nen Varl\u0131klar:<\/b> 32,6 milyar TL. Bu kalemin 13,8 milyar TL&#8217;si nakit ve nakit benzerlerinden olu\u015fmaktad\u0131r.<\/li>\n<li><b>Duran Varl\u0131klar:<\/b> 47,7 milyar TL. En b\u00fcy\u00fck pay\u0131 35,5 milyar TL ile maddi duran varl\u0131klar (tesis, makine, cihazlar ve arsalar) almaktad\u0131r.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 62,9 milyar TL seviyesinde olup, 29,9 milyar TL&#8217;lik ge\u00e7mi\u015f y\u0131llar k\u00e2rlar\u0131 \u00f6zkaynaklar\u0131n en g\u00fc\u00e7l\u00fc bile\u015fenidir.<\/li>\n<li><b>Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> Toplam y\u00fck\u00fcml\u00fcl\u00fckler 17,3 milyar TL&#8217;dir. K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerin (14,5 milyar TL) b\u00fcy\u00fck bir k\u0131sm\u0131 ticari bor\u00e7lardan olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h2>5. Nakit Ak\u0131\u015f\u0131 ve Yat\u0131r\u0131mlar<\/h2>\n<p>Grup, operasyonel faaliyetlerinden 10,2 milyar TL net nakit ak\u0131\u015f\u0131 yaratm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> Maddi ve maddi olmayan duran varl\u0131k al\u0131mlar\u0131 i\u00e7in 7 milyar TL nakit \u00e7\u0131k\u0131\u015f\u0131 ya\u015fanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Temett\u00fc \u00d6demeleri:<\/b> 2025 y\u0131l\u0131 i\u00e7erisinde 4,8 milyar TL tutar\u0131nda temett\u00fc \u00f6demesi ger\u00e7ekle\u015ftirilmi\u015ftir (28 Mart 2025 tarihli Genel Kurul karar\u0131 uyar\u0131nca).<\/li>\n<li><b>Nakit Pozisyonu:<\/b> D\u00f6nem sonu nakit ve nakit benzerleri, yabanc\u0131 para \u00e7evrim farklar\u0131n\u0131n da etkisiyle 13,7 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h2>6. \u00d6nemli Muhasebe Politikalar\u0131 ve Tahminler<\/h2>\n<ul>\n<li><b>Amortisman:<\/b> Maddi duran varl\u0131klar i\u00e7in do\u011frusal amortisman y\u00f6ntemi uygulanmaktad\u0131r. Binalar i\u00e7in 6-50 y\u0131l, tesis ve makineler i\u00e7in 2-40 y\u0131l ekonomik \u00f6m\u00fcr \u00f6ng\u00f6r\u00fclm\u00fc\u015ft\u00fcr.<\/li>\n<li><b>Rehabilitasyon Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> Maden ocaklar\u0131n\u0131n restore edilmesi i\u00e7in 1,4 milyar TL tutar\u0131nda uzun vadeli kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Ertelenmi\u015f Vergi:<\/b> Grup, gelecekte vergiye tabi k\u00e2r elde etme olas\u0131l\u0131\u011f\u0131na dayanarak 1,04 milyar TL tutar\u0131nda ertelenmi\u015f vergi varl\u0131\u011f\u0131 kaydetmi\u015ftir.<\/li>\n<li><b>\u0130li\u015fkili Taraf \u0130\u015flemleri:<\/b> Grup, Doco Petrol (akaryak\u0131t), OYKA Ka\u011f\u0131t (torba al\u0131m\u0131) ve Omsan Denizcilik (nakliye) gibi grup \u015firketleriyle ticari ili\u015fkilerini s\u00fcrd\u00fcrmektedir. \u00d6zellikle \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan faydalar 2025 y\u0131l\u0131nda 489,4 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1893\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>OYAK \u00c7imento 2025 Y\u0131l\u0131 Finansal Sonu\u00e7lar\u0131n\u0131 A\u00e7\u0131klad\u0131: S\u00fcrd\u00fcr\u00fclebilir B\u00fcy\u00fcme ve G\u00fc\u00e7l\u00fc Bilan\u00e7o<br \/>\nOYAK \u00c7imento, 2025 y\u0131l\u0131 konsolide finansal tablolar\u0131yla birlikte operasyonel ba\u015far\u0131s\u0131n\u0131 ve gelece\u011fe y\u00f6nelik stratejik ad\u0131mlar\u0131n\u0131 kamuoyuyla payla\u015ft\u0131<br \/>\n. Y\u00fcksek enflasyon d\u00fczeltmesine ra\u011fmen 8,7 milyar TL net kar ve 80,3 milyar TL toplam varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fcne ula\u015fan \u015firket, finansal dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 kan\u0131tlad\u0131<br \/>\n. \u00d6zellikle yenilenebilir enerji yat\u0131r\u0131mlar\u0131 i\u00e7in sa\u011flanan 75 milyon Avroluk fon ve yeni kurulan CIMPOR Yap\u0131 Malzemeleri A.\u015e. ile OYAK \u00c7imento, s\u00fcrd\u00fcr\u00fclebilirlik ve ticari \u00e7eviklik yolunda emin ad\u0131mlarla ilerlemeye devam ediyor<br \/>\n. \u015eirketin 2025 y\u0131l\u0131 performans analizini ve detayl\u0131 finansal verilerini i\u00e7eren raporun tamam\u0131 yat\u0131r\u0131mc\u0131lar\u0131n bilgisine sunuldu<br \/>\n.<\/p>\n","protected":false},"author":1,"featured_media":970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[304],"class_list":["post-1893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-oyakc"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1893","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=1893"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1893\/revisions"}],"predecessor-version":[{"id":1894,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1893\/revisions\/1894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/970"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}