{"id":1897,"date":"2026-03-14T01:32:05","date_gmt":"2026-03-13T22:32:05","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1897"},"modified":"2026-03-14T01:32:40","modified_gmt":"2026-03-13T22:32:40","slug":"sokm-bilano-analizi-202512-ok-marketler-as","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1897","title":{"rendered":"\ud83d\udd34 SOKM Bilan\u00e7o Analizi 2025\/12 | \u015eok Marketler AS"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 SOKM Bilan\u00e7o Analizi 2025\/12 | Zarar A\u00e7\u0131klayan \u015eOK&#039;un Kasas\u0131 Nas\u0131l Doluyor\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/a04HaTXZu9M?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>\u015eok Marketler Ticaret A.\u015e. 2025 Y\u0131l\u0131 Konsolide Finansal Raporu Brifing Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, \u015eok Marketler Ticaret A.\u015e. (&#8220;Grup&#8221;) ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n 1 Ocak \u2013 31 Aral\u0131k 2025 hesap d\u00f6nemine ait ba\u011f\u0131ms\u0131z denetimden ge\u00e7mi\u015f konsolide finansal tablolar\u0131n\u0131 sentezlemektedir. 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131, T\u00fcrkiye Finansal Raporlama Standartlar\u0131 (TFRS) ve TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 kapsam\u0131nda enflasyon d\u00fczeltmesine tabi tutularak sunulmu\u015ftur.<\/p>\n<p><b>Kritik \u00c7\u0131kar\u0131mlar:<\/b><\/p>\n<ul>\n<li><b>Denetim G\u00f6r\u00fc\u015f\u00fc:<\/b> PwC taraf\u0131ndan y\u00fcr\u00fct\u00fclen ba\u011f\u0131ms\u0131z denetim sonucunda, finansal tablolar\u0131n Grup&#8217;un finansal durumunu ve performans\u0131n\u0131 t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sundu\u011funa dair <b>&#8220;olumlu g\u00f6r\u00fc\u015f&#8221;<\/b> verilmi\u015ftir.<\/li>\n<li><b>Has\u0131lat Performans\u0131:<\/b> Grup, 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re art\u0131\u015f g\u00f6stererek <b>278,8 milyar TL<\/b> has\u0131lat elde etmi\u015ftir. Has\u0131lat, y\u00fcksek i\u015flem hacmi ve yayg\u0131n ma\u011faza a\u011f\u0131 nedeniyle &#8220;Kilit Denetim Konusu&#8221; olarak belirlenmi\u015ftir.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131k ve Net D\u00f6nem Sonucu:<\/b> Br\u00fct k\u00e2r 57,2 milyar TL olarak ger\u00e7ekle\u015fmesine ra\u011fmen; pazarlama, sat\u0131\u015f ve y\u00fcksek finansman giderlerinin etkisiyle Grup, 2025 y\u0131l\u0131n\u0131 <b>1,928 milyar TL net d\u00f6nem zarar\u0131<\/b> ile kapatm\u0131\u015ft\u0131r.<\/li>\n<li><b>Enflasyon Muhasebesi Etkisi:<\/b> TMS 29 uygulamas\u0131 sonucunda Grup, 12,6 milyar TL tutar\u0131nda &#8220;Net Parasal Pozisyon Kazanc\u0131&#8221; kaydetmi\u015ftir.<\/li>\n<li><b>Operasyonel B\u00fcy\u00fcme:<\/b> Grup&#8217;un ma\u011faza say\u0131s\u0131 11.074&#8217;e, personel say\u0131s\u0131 ise 51.212&#8217;ye ula\u015farak operasyonel geni\u015flemesini s\u00fcrd\u00fcrm\u00fc\u015ft\u00fcr.<\/li>\n<\/ul>\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. Ba\u011f\u0131ms\u0131z Denetim Analizi ve Kilit Denetim Konular\u0131<\/h2>\n<p>PwC Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. taraf\u0131ndan haz\u0131rlanan rapor, 9 Mart 2026 tarihinde sunulmu\u015ftur.<\/p>\n<h3>1.1. Denetim G\u00f6r\u00fc\u015f\u00fc<\/h3>\n<p>Denet\u00e7i, Grup\u2019un 31 Aral\u0131k 2025 tarihi itibar\u0131yla konsolide finansal durumunun ve ayn\u0131 tarihte sona eren hesap d\u00f6nemine ait performans\u0131n\u0131n TFRS&#8217;ye uygun oldu\u011funu beyan etmi\u015ftir. Ayr\u0131ca 6102 say\u0131l\u0131 T\u00fcrk Ticaret Kanunu (TTK) uyar\u0131nca defter tutma d\u00fczeninin kanun ve esas s\u00f6zle\u015fmeye uygun oldu\u011fu do\u011frulanm\u0131\u015ft\u0131r.<\/p>\n<h3>1.2. Kilit Denetim Konusu: Has\u0131lat\u0131n Denetimi<\/h3>\n<p>Has\u0131lat, perakende sekt\u00f6r\u00fcn\u00fcn en kritik performans \u00f6l\u00e7\u00fct\u00fc olmas\u0131 ve 278.812 milyon TL gibi \u00f6nemli bir seviyede bulunmas\u0131 nedeniyle kilit konu se\u00e7ilmi\u015ftir.<\/p>\n<ul>\n<li><b>Risk Unsurlar\u0131:<\/b> \u00c7ok y\u00fcksek i\u015flem hacmi, sat\u0131\u015flar\u0131n \u00e7ok say\u0131da noktada ger\u00e7ekle\u015fmesi ve veri do\u011frulu\u011funun sa\u011flanmas\u0131ndaki zorluklar.<\/li>\n<li><b>Denetim Prosed\u00fcrleri:<\/b> Bilgi Teknolojileri (BT) uzmanlar\u0131 deste\u011fiyle sistem kontrolleri test edilmi\u015f, sat\u0131\u015f fiyatlar\u0131n\u0131n kasalara otomatik aktar\u0131m\u0131 ve muhasebe sistemine entegrasyonu denetlenmi\u015ftir. \u00dcr\u00fcn bazl\u0131 br\u00fct k\u00e2r marjlar\u0131 ge\u00e7mi\u015f d\u00f6nemlerle k\u0131yaslanarak tutarl\u0131l\u0131\u011f\u0131 analiz edilmi\u015ftir.<\/li>\n<\/ul>\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>2. Finansal Performans De\u011ferlendirmesi<\/h2>\n<p>2025 y\u0131l\u0131 sonu\u00e7lar\u0131, sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re (enflasyona g\u00f6re d\u00fczeltilmi\u015f) sunulmu\u015ftur.<\/p>\n<h3>2.1. Gelir Tablosu \u00d6zeti (Milyon TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2025<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>278.811<\/td>\n<td>264.630<\/td>\n<td>+%5,3<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>(221.547)<\/td>\n<td>(216.258)<\/td>\n<td>+%2,4<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>57.264<\/td>\n<td>48.371<\/td>\n<td>+%18,4<\/td>\n<\/tr>\n<tr>\n<td><b>Faaliyet K\u00e2r\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td>(6.516)<\/td>\n<td>(11.413)<\/td>\n<td>-%42,9 (Zarar azald\u0131)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Parasal Pozisyon Kazanc\u0131<\/b><\/td>\n<td>12.603<\/td>\n<td>15.075<\/td>\n<td>-%16,4<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem K\u00e2r\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td><b>(1.928)<\/b><\/td>\n<td><b>80<\/b><\/td>\n<td><b>-%2.510<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Gider Yap\u0131s\u0131<\/h3>\n<p>Grup&#8217;un toplam faaliyet giderleri i\u00e7inde en b\u00fcy\u00fck pay\u0131 personel giderleri ve amortismanlar almaktad\u0131r:<\/p>\n<ul>\n<li><b>Personel Giderleri:<\/b> 33,5 milyar TL<\/li>\n<li><b>Amortisman ve \u0130tfa Paylar\u0131:<\/b> 11,5 milyar TL<\/li>\n<li><b>Elektrik, Su ve Haberle\u015fme:<\/b> 5,7 milyar TL<\/li>\n<li><b>Pazarlama ve Sat\u0131\u015f Giderleri:<\/b> 58,6 milyar TL (En b\u00fcy\u00fck gider kalemi)<\/li>\n<\/ul>\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>3. Finansal Durum ve Bilan\u00e7o Yap\u0131s\u0131<\/h2>\n<p>Grup\u2019un toplam varl\u0131klar\u0131 31 Aral\u0131k 2025 itibar\u0131yla 105,7 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/p>\n<h3>3.1. Varl\u0131k Da\u011f\u0131l\u0131m\u0131<\/h3>\n<ul>\n<li><b>D\u00f6nen Varl\u0131klar (47,4 Milyar TL):<\/b> Stoklar 35,2 milyar TL ile d\u00f6nen varl\u0131klar\u0131n %74&#8217;\u00fcn\u00fc olu\u015fturmaktad\u0131r. Nakit ve nakit benzerleri 9,3 milyar TL seviyesindedir.<\/li>\n<li><b>Duran Varl\u0131klar (58,3 Milyar TL):<\/b> Kullan\u0131m hakk\u0131 varl\u0131klar\u0131 (24,1 milyar TL) ve maddi duran varl\u0131klar (22,2 milyar TL) ana kalemlerdir. \u015eerefiye de\u011feri 9,8 milyar TL olarak sabit kalm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>3.2. Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar<\/h3>\n<ul>\n<li><b>Ticari Bor\u00e7lar:<\/b> 45,7 milyar TL (K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerin b\u00fcy\u00fck \u00e7o\u011funlu\u011fu).<\/li>\n<li><b>Kiralama Y\u00fck\u00fcml\u00fcl\u00fckleri:<\/b> Toplam 14,4 milyar TL (K\u0131sa ve uzun vade toplam\u0131).<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 35,5 milyar TL. \u00d6denmi\u015f sermaye 593,3 milyon TL iken, sermaye d\u00fczeltmesi farklar\u0131 7,9 milyar TL olarak kaydedilmi\u015ftir.<\/li>\n<\/ul>\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>4. Enflasyon Muhasebesi (TMS 29) Uygulamas\u0131<\/h2>\n<p>Grup, 31 Aral\u0131k 2025 tarihli mali tablolar\u0131n\u0131 haz\u0131rlarken T\u00dcFE endeksini baz alarak enflasyon d\u00fczeltmesi yapm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>D\u00fczeltme Katsay\u0131lar\u0131:<\/b> 31 Aral\u0131k 2025 i\u00e7in endeks 3.513,87 (katsay\u0131 1,00000); 31 Aral\u0131k 2024 i\u00e7in endeks 2.684,55 (katsay\u0131 1,30892) olarak kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u00dc\u00e7 Y\u0131ll\u0131k Bile\u015fik Enflasyon Oran\u0131:<\/b> %211.<\/li>\n<li><b>Net Parasal Pozisyon Kazanc\u0131:<\/b> Enflasyonun net parasal varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fckler \u00fczerindeki etkisi sonucu 12,6 milyar TL kazan\u00e7 olu\u015fmu\u015f, bu tutar gelir tablosuna dahil edilmi\u015ftir.<\/li>\n<\/ul>\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>5. Operasyonel ve Stratejik Detaylar<\/h2>\n<h3>5.1. Ma\u011faza ve \u0130stihdam<\/h3>\n<p>Grup, T\u00fcrkiye&#8217;nin 81 ilinde faaliyet g\u00f6stermektedir:<\/p>\n<ul>\n<li><b>Ma\u011faza Say\u0131s\u0131:<\/b> 2024 sonunda 10.981 olan ma\u011faza say\u0131s\u0131, 2025 sonunda <b>11.074<\/b>&#8216;e \u00e7\u0131km\u0131\u015ft\u0131r.<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> \u0130stihdam edilen ki\u015fi say\u0131s\u0131 49.393&#8217;ten <b>51.212<\/b>&#8216;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h3>5.2. \u015eirket Birle\u015fmeleri ve Organizasyon<\/h3>\n<p>Grup b\u00fcnyesinde 2024 y\u0131l\u0131nda Future Teknoloji Ticaret A.\u015e. ile birle\u015fme tamamlanm\u0131\u015ft\u0131r. Mevcut durumda Mevsim Taze Sebze Meyve San. ve Tic. A.\u015e. ile UCZ Ma\u011fazac\u0131l\u0131k Tic. A.\u015e. ba\u011fl\u0131 ortakl\u0131k olarak %100 pay oran\u0131yla konsolide edilmektedir.<\/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>6. Risk ve Y\u00fck\u00fcml\u00fcl\u00fck Y\u00f6netimi<\/h2>\n<h3>6.1. \u00c7al\u0131\u015fanlara Sa\u011flanan Faydalar<\/h3>\n<ul>\n<li><b>K\u0131dem Tazminat\u0131 Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> 565,9 milyon TL.<\/li>\n<li><b>\u0130zin Y\u00fck\u00fcml\u00fcl\u00fckleri:<\/b> Toplam 950,7 milyon TL (K\u0131sa ve uzun vade).<\/li>\n<li>K\u0131dem tazminat\u0131 tavan\u0131 1 Ocak 2026 itibar\u0131yla 64.948,77 TL olarak dikkate al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>6.2. Kar\u015f\u0131l\u0131klar ve Taahh\u00fctler<\/h3>\n<ul>\n<li><b>Dava Kar\u015f\u0131l\u0131klar\u0131:<\/b> Grup y\u00f6netimi olas\u0131 hukuki y\u00fck\u00fcml\u00fcl\u00fckler i\u00e7in 912,6 milyon TL kar\u015f\u0131l\u0131k ay\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>TR\u0130 (Teminat, Rehin, \u0130potek):<\/b> Tedarik\u00e7ilere verilen gayri nakdi riskler kapsam\u0131nda toplam 4,3 milyar TL tutar\u0131nda teminat verilmi\u015ftir.<\/li>\n<\/ul>\n<h3>6.3. Stok De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc<\/h3>\n<p>90 g\u00fcn\u00fcn \u00fczerinde hareket g\u00f6rmeyen veya net ger\u00e7ekle\u015febilir de\u011feri maliyetinin alt\u0131na d\u00fc\u015fen stoklar i\u00e7in 46,7 milyon TL de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc kar\u015f\u0131l\u0131\u011f\u0131 ayr\u0131lm\u0131\u015ft\u0131r.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"1897\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>\u015eok Marketler 2025 Finansal Sonu\u00e7lar\u0131n\u0131 A\u00e7\u0131klad\u0131: 11 Bin Ma\u011faza E\u015fi\u011fi A\u015f\u0131ld\u0131<br \/>\n\u00d6zet: T\u00fcrkiye perakende sekt\u00f6r\u00fcn\u00fcn \u00f6nc\u00fc isimlerinden \u015eok Marketler, 2025 y\u0131l\u0131na ait konsolide finansal sonu\u00e7lar\u0131n\u0131 kamuoyuyla payla\u015ft\u0131. Enflasyon muhasebesi (TMS 29) etkilerinin belirgin \u015fekilde hissedildi\u011fi raporlama d\u00f6neminde, \u015firketin y\u0131ll\u0131k has\u0131lat\u0131 278,8 milyar TL&#8217;ye ula\u015ft\u0131<br \/>\n. Ma\u011faza say\u0131s\u0131n\u0131 11.074\u2019e, istihdam\u0131n\u0131 ise 51.212 ki\u015fiye \u00e7\u0131kararak operasyonel b\u00fcy\u00fcmesini s\u00fcrd\u00fcren grup, y\u0131l\u0131 1,9 milyar TL net d\u00f6nem zarar\u0131 ile kapatt\u0131<br \/>\n,<br \/>\n,<br \/>\n.<br \/>\n\u00d6zellikle 7,7 milyar TL seviyesindeki FAV\u00d6K performans\u0131 ve 12,6 milyar TL\u2019lik net parasal pozisyon kazanc\u0131 dikkat \u00e7eken di\u011fer finansal veriler aras\u0131nda yer al\u0131yor<br \/>\n,<br \/>\n. \u015eok Marketler\u2019in 2025 y\u0131l\u0131 performans\u0131n\u0131, dijitalle\u015fme yat\u0131r\u0131mlar\u0131n\u0131 ve perakende sekt\u00f6r\u00fcndeki konumunu detayland\u0131rd\u0131\u011f\u0131m\u0131z analizimiz yay\u0131nda!<\/p>\n","protected":false},"author":2,"featured_media":970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[305],"class_list":["post-1897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-sokm"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1897","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1897"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1897\/revisions"}],"predecessor-version":[{"id":1898,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1897\/revisions\/1898"}],"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=1897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}