{"id":1901,"date":"2026-03-14T01:36:33","date_gmt":"2026-03-13T22:36:33","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1901"},"modified":"2026-03-14T01:37:11","modified_gmt":"2026-03-13T22:37:11","slug":"trmet-bilano-analizi-202512-tr-anadolu-metal-madencilik-as","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1901","title":{"rendered":"\ud83d\udd34 TRMET Bilan\u00e7o Analizi 2025\/12 | TR Anadolu Metal Madencilik AS"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 TRMET Bilan\u00e7o Analizi 2025\/12 | Faturay\u0131 G\u00fcne\u015fe \u00d6deten Dev Alt\u0131n Madeni\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/AX66A0W9faU?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>TR Anadolu Metal Madencilik \u0130\u015fletmeleri A.\u015e. 2025 Hesap D\u00f6nemi Kapsaml\u0131 Bilgilendirme Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, TR Anadolu Metal Madencilik \u0130\u015fletmeleri A.\u015e.\u2019nin (Eski unvan\u0131: Koza Anadolu Metal Madencilik \u0130\u015fletmeleri A.\u015e.) 1 Ocak &#8211; 31 Aral\u0131k 2025 hesap d\u00f6nemine ait konsolide finansal durumunu ve faaliyet sonu\u00e7lar\u0131n\u0131 sentezlemektedir. 2025 y\u0131l\u0131, Grup i\u00e7in hem kurumsal kimlik de\u011fi\u015fimi hem de operasyonel karl\u0131l\u0131\u011fa d\u00f6n\u00fc\u015f y\u0131l\u0131 olmu\u015ftur.<\/p>\n<p>Finansal tablolar, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 uyar\u0131nca, 31 Aral\u0131k 2025 tarihindeki sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczenlenmi\u015ftir. \u015eirketin has\u0131lat\u0131 bir \u00f6nceki y\u0131la g\u00f6re %46 oran\u0131nda artarak 17,7 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. 2024 y\u0131l\u0131nda kaydedilen 2,17 milyar TL net d\u00f6nem zarar\u0131, 2025 y\u0131l\u0131nda 3,97 milyar TL net d\u00f6nem kar\u0131na d\u00f6n\u00fc\u015fm\u00fc\u015ft\u00fcr. Toplam varl\u0131klar 51,6 milyar TL seviyesine y\u00fckselirken, \u00f6zkaynaklar 46,1 milyar TL ile g\u00fc\u00e7l\u00fc yap\u0131s\u0131n\u0131 korumaktad\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<h2>1. Kurumsal Yap\u0131 ve Organizasyonel De\u011fi\u015fimler<\/h2>\n<p>Grup, 2025 y\u0131l\u0131 i\u00e7erisinde \u00f6nemli unvan de\u011fi\u015fikliklerine gitmi\u015f ve kurumsal kimli\u011fini yenilemi\u015ftir.<\/p>\n<h3>1.1 Unvan De\u011fi\u015fiklikleri<\/h3>\n<ul>\n<li><b>Ana Ortakl\u0131k:<\/b> &#8220;Koza Anadolu Metal Madencilik \u0130\u015fletmeleri A.\u015e.&#8221; olan \u015firket unvan\u0131, 6 Kas\u0131m 2025 tarihinde <b>TR Anadolu Metal Madencilik \u0130\u015fletmeleri A.\u015e.<\/b> olarak tescil edilmi\u015ftir.<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131klar:<\/b>\n<ul>\n<li>ATP \u0130n\u015faat ve Ticaret A.\u015e. -&gt; <b>TR Anadolu \u0130n\u015faat ve Ticaret A.\u015e.<\/b><\/li>\n<li>ATP Koza Turizm Seyahat ve Ticaret A.\u015e. -&gt; <b>TR Otelcilik Turizm Seyahat ve Ticaret A.\u015e.<\/b><\/li>\n<li>Koza Alt\u0131n \u0130\u015fletmeleri A.\u015e. -&gt; <b>T\u00fcrk Alt\u0131n \u0130\u015fletmeleri A.\u015e.<\/b><\/li>\n<li>Koza \u0130pek Tedarik Ticaret A.\u015e. -&gt; <b>TR Tedarik Dan\u0131\u015fmanl\u0131k ve Ara\u00e7 Kiralama Tic. A.\u015e.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>1.2 Faaliyet Konusu ve \u0130stihdam<\/h3>\n<p>Grup&#8217;un ana faaliyet konusu; alt\u0131n, g\u00fcm\u00fc\u015f, bak\u0131r, demir ve antimuan gibi madenlerin \u00e7\u0131kar\u0131lmas\u0131 ve i\u015fletilmesi ile elektrik ve biyoenerji \u00fcretimidir. 31 Aral\u0131k 2025 itibar\u0131yla personel say\u0131s\u0131 2.239 ki\u015fiye y\u00fckselmi\u015ftir (2024: 2.173).<\/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>2. Finansal Performans Analizi<\/h2>\n<p>A\u015fa\u011f\u0131daki tablo, Grup&#8217;un 2025 ve 2024 (enflasyona g\u00f6re d\u00fczeltilmi\u015f) y\u0131llar\u0131na ait temel finansal verilerini \u00f6zetlemektedir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal G\u00f6sterge (Bin TL)<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>17.705.459<\/td>\n<td>12.090.795<\/td>\n<td>%46,4<\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti (-)<\/td>\n<td>(10.409.960)<\/td>\n<td>(8.277.842)<\/td>\n<td>%25,7<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td><b>7.295.499<\/b><\/td>\n<td><b>3.812.953<\/b><\/td>\n<td><b>%91,3<\/b><\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131 \/ (Zarar\u0131)<\/td>\n<td>3.632.144<\/td>\n<td>(747.973)<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Finansman Geliri \u00d6ncesi Faaliyet Kar\u0131<\/td>\n<td>9.918.359<\/td>\n<td>7.407.327<\/td>\n<td>%33,9<\/td>\n<\/tr>\n<tr>\n<td>Parasal Kay\u0131p (-)<\/td>\n<td>(3.964.058)<\/td>\n<td>(8.682.242)<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td><b>3.977.591<\/b><\/td>\n<td><b>(2.176.675)<\/b><\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Performans \u00c7\u0131kar\u0131mlar\u0131:<\/h3>\n<ul>\n<li><b>Karl\u0131l\u0131k:<\/b> Br\u00fct kar marj\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde artm\u0131\u015ft\u0131r. \u015eirket, 2024 y\u0131l\u0131ndaki esas faaliyet zarar\u0131ndan sonra 2025 y\u0131l\u0131nda g\u00fc\u00e7l\u00fc bir operasyonel kar a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/li>\n<li><b>Enflasyon Etkisi:<\/b> TMS 29 uygulamas\u0131 nedeniyle ortaya \u00e7\u0131kan parasal kay\u0131p 3,96 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir. Bu tutar, \u015firketin net parasal varl\u0131k pozisyonu ta\u015f\u0131mas\u0131ndan kaynaklanmaktad\u0131r.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> Yat\u0131r\u0131m faaliyetlerinden elde edilen 6,7 milyar TL gelir (\u00f6zellikle finansal varl\u0131klar\u0131n ger\u00e7e\u011fe uygun de\u011fer kazan\u00e7lar\u0131), d\u00f6nem kar\u0131n\u0131 destekleyen ana unsurlardan biridir.<\/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. Konsolide Finansal Durum<\/h2>\n<p>31 Aral\u0131k 2025 itibar\u0131yla varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fck yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<h3>3.1 Varl\u0131k Yap\u0131s\u0131<\/h3>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 51.629.500 bin TL.<\/li>\n<li><b>D\u00f6nen Varl\u0131klar:<\/b> 22.047.357 bin TL. Nakit ve nakit benzerleri 6,3 milyar TL seviyesindedir. Finansal yat\u0131r\u0131mlar (k\u0131sa vadeli) 12,3 milyar TL ile likidite g\u00fcc\u00fcn\u00fc yans\u0131tmaktad\u0131r.<\/li>\n<li><b>Duran Varl\u0131klar:<\/b> 29.582.143 bin TL. Maddi duran varl\u0131klar (\u00f6zellikle maden varl\u0131klar\u0131 ve tesisler) 20,7 milyar TL ile en b\u00fcy\u00fck kalemi olu\u015fturmaktad\u0131r.<\/li>\n<\/ul>\n<h3>3.2 Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar<\/h3>\n<ul>\n<li><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 5.506.501 bin TL. K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler (4,35 milyar TL) i\u00e7erisinde \u00e7al\u0131\u015fanlara sa\u011flanan faydalar ve di\u011fer kar\u015f\u0131l\u0131klar \u00f6n plandad\u0131r.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 46.122.999 bin TL. Toplam kayna\u011f\u0131n %89,3&#8217;\u00fc \u00f6zkaynaklardan olu\u015fmaktad\u0131r, bu da \u015firketin \u00e7ok d\u00fc\u015f\u00fck bir bor\u00e7luluk seviyesine sahip oldu\u011funu g\u00f6stermektedir.<\/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. Nakit Ak\u0131\u015f Analizi<\/h2>\n<p>2025 y\u0131l\u0131 boyunca nakit ak\u0131\u015flar\u0131 \u015fu \u015fekilde ger\u00e7ekle\u015fmi\u015ftir:<\/p>\n<ul>\n<li><b>\u0130\u015fletme Faaliyetleri:<\/b> 8,46 milyar TL net nakit giri\u015fi sa\u011flanm\u0131\u015ft\u0131r. Bu, operasyonel verimlili\u011fin nakit yaratma kapasitesine yans\u0131d\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> 2,15 milyar TL net nakit \u00e7\u0131k\u0131\u015f\u0131 olmu\u015ftur. \u00d6zellikle maddi duran varl\u0131k al\u0131mlar\u0131 i\u00e7in yap\u0131lan 7,3 milyar TL tutar\u0131ndaki harcama, b\u00fcy\u00fcme odakl\u0131 yat\u0131r\u0131mlar\u0131n devam etti\u011fine i\u015faret etmektedir.<\/li>\n<li><b>Finansman Faaliyetleri:<\/b> 37,5 milyon TL s\u0131n\u0131rl\u0131 bir nakit giri\u015fi olmu\u015ftur.<\/li>\n<li><b>D\u00f6nem Sonu Nakit:<\/b> Nakit ve nakit benzerleri y\u0131l sonunda 6,28 milyar TL&#8217;ye y\u00fckselmi\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. \u00d6nemli Muhasebe Politikalar\u0131 ve Riskler<\/h2>\n<h3>5.1 Enflasyon Muhasebesi (TMS 29)<\/h3>\n<p>Grup, 31 Aral\u0131k 2025 itibar\u0131yla y\u00fcksek enflasyonlu ekonomi kapsam\u0131nda finansal tablolar\u0131n\u0131 T\u00dcFE endeksleri kullanarak d\u00fczeltmi\u015ftir. 2025 y\u0131l\u0131 i\u00e7in kullan\u0131lan d\u00fczeltme katsay\u0131s\u0131 1,00 iken, 2024 y\u0131l\u0131 verileri 1,30892 katsay\u0131s\u0131 ile g\u00fcncellenmi\u015ftir.<\/p>\n<h3>5.2 Maden Varl\u0131klar\u0131n\u0131n Amortismana Tabi Tutulmas\u0131<\/h3>\n<p>Maden geli\u015ftirme maliyetleri ve maden sahas\u0131 haz\u0131rl\u0131k giderleri &#8220;\u00dcretim Birimleri Y\u00f6ntemi&#8221; (Units of Production Method) ile itfa edilmektedir. Bu y\u00f6ntem, d\u00f6nem i\u00e7inde \u00e7\u0131kar\u0131lan alt\u0131n miktar\u0131n\u0131n, toplam g\u00f6r\u00fcn\u00fcr ve m\u00fcmk\u00fcn rezerv miktar\u0131na oranlanmas\u0131 esas\u0131na dayanmaktad\u0131r.<\/p>\n<h3>5.3 Maden Sahalar\u0131n\u0131n Islah\u0131 ve Kapanma Kar\u015f\u0131l\u0131klar\u0131<\/h3>\n<p>Madenlerin faaliyetleri durduruldu\u011funda yap\u0131lmas\u0131 gereken \u0131slah, rehabilitasyon ve kapanma maliyetleri i\u00e7in kar\u015f\u0131l\u0131k ayr\u0131lmaktad\u0131r. Bu kar\u015f\u0131l\u0131klar, gelecekteki tahmini nakit ak\u0131\u015flar\u0131n\u0131n bug\u00fcnk\u00fc de\u011ferine indirgenmesiyle hesaplanmakta ve her raporlama d\u00f6neminde g\u00f6zden ge\u00e7irilmektedir.<\/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. \u00d6nemli Hukuki Durumlar ve K\u0131s\u0131tlamalar<\/h2>\n<ul>\n<li><b>Koza Ltd. (\u0130ngiltere):<\/b> Grup&#8217;un \u0130ngiltere merkezli ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Koza Ltd. \u00fczerindeki kontrol\u00fcn yitirilmesine ili\u015fkin SPK taraf\u0131ndan ba\u015flat\u0131lan yasal s\u00fcre\u00e7 rapor tarihi itibar\u0131yla devam etmektedir. \u015eirket, Koza Ltd.&#8217;yi 3,23 milyar TL maliyet bedeliyle &#8220;Finansal Yat\u0131r\u0131mlar&#8221; alt\u0131nda izlemektedir.<\/li>\n<li><b>KHK Kapsam\u0131ndaki \u015eirketler:<\/b> Medya ve bili\u015fim sekt\u00f6r\u00fcnde faaliyet g\u00f6steren baz\u0131 eski ba\u011fl\u0131 ortakl\u0131klar, 2016 y\u0131l\u0131nda KHK kapsam\u0131nda ticaret sicil kay\u0131tlar\u0131n\u0131n silinmesi nedeniyle konsolidasyon d\u0131\u015f\u0131 b\u0131rak\u0131lmaya devam edilmektedir.<\/li>\n<li><b>Genel Kurul:<\/b> 2016-2024 y\u0131llar\u0131 aras\u0131ndaki bekleyen Ola\u011fan Genel Kurul Toplant\u0131lar\u0131 23 Ekim 2025 tarihinde ger\u00e7ekle\u015ftirilmi\u015f ve ilgili d\u00f6nemlerin finansal tablolar\u0131 onaylanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1901\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>TR Anadolu Metal Madencilik 2025 Y\u0131l\u0131nda Rekor Kar ve Yeni Yat\u0131r\u0131mlarla B\u00fcy\u00fcmesini S\u00fcrd\u00fcr\u00fcyor!<br \/>\nTR Anadolu Metal Madencilik (eski ad\u0131yla Koza Anadolu Metal), 2025 y\u0131l\u0131 finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klad\u0131. Enflasyon muhasebesi etkilerine ra\u011fmen has\u0131lat\u0131n\u0131 17,7 milyar TL\u2019ye \u00e7\u0131karan \u015firket, ge\u00e7ti\u011fimiz y\u0131l\u0131n zarar\u0131n\u0131 geride b\u0131rakarak yakla\u015f\u0131k 4 milyar TL net kar elde etti. \u00d6zellikle A\u011fr\u0131 Mollakara projesine yap\u0131lan b\u00fcy\u00fck yat\u0131r\u0131mlar ve 2026 ba\u015f\u0131nda duyurulan yeni maden sahas\u0131 al\u0131mlar\u0131, \u015firketin gelecek d\u00f6nemdeki \u00fcretim potansiyelini g\u00fc\u00e7lendiriyor. Yenilenebilir enerji yat\u0131r\u0131mlar\u0131yla s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme hedefini destekleyen TR Anadolu Metal\u2019in 2025 y\u0131l\u0131 performans analizini ve stratejik hamlelerini inceledi\u011fimiz yeni yaz\u0131m\u0131z yay\u0131nda!<\/p>\n","protected":false},"author":5,"featured_media":970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[306],"class_list":["post-1901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-trmet"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1901","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1901"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1901\/revisions"}],"predecessor-version":[{"id":1902,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1901\/revisions\/1902"}],"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=1901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}