{"id":209,"date":"2025-12-19T23:18:44","date_gmt":"2025-12-19T20:18:44","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=209"},"modified":"2025-12-19T23:18:44","modified_gmt":"2025-12-19T20:18:44","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-klrho-kiler-holding-2025-9-bilanco-analizi-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/209","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #KLRHO | Kiler Holding 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #KLRHO | Kiler Holding 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/slV0iodV4T4?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>Bir Faaliyet Raporunun Ard\u0131ndaki 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek: Kiler Holding Hakk\u0131nda Muhtemelen Bilmedikleriniz<\/h1>\n<h3>Giri\u015f<\/h3>\n<p>\u00c7o\u011fumuz i\u00e7in &#8220;Kiler&#8221; markas\u0131, zihinlerde hala g\u0131da perakendecili\u011fi ve market\u00e7ilikle g\u00fc\u00e7l\u00fc bir \u015fekilde yer etmi\u015f durumda. Ancak \u015firketin son faaliyet raporunun sayfalar\u0131n\u0131 aralad\u0131\u011f\u0131n\u0131zda, bu tan\u0131d\u0131k alg\u0131n\u0131n \u00e7ok \u00f6tesinde, stratejik sermaye y\u00f6netimiyle \u015fekillenen \u015fa\u015f\u0131rt\u0131c\u0131 bir d\u00f6n\u00fc\u015f\u00fcm hikayesiyle kar\u015f\u0131la\u015f\u0131yorsunuz. Resmi bir belgenin sat\u0131r aralar\u0131nda gizlenen bu yolculuk, asl\u0131nda bir perakende devinin nas\u0131l bir enerji, in\u015faat ve teknoloji oyuncusuna evrildi\u011fini anlat\u0131yor. Bu analiz, o resmi belgedeki en \u00e7arp\u0131c\u0131 ve beklenmedik ger\u00e7ekleri g\u00fcn y\u00fcz\u00fcne \u00e7\u0131karacak.<\/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<h3>1. Kuruldu\u011fu Sekt\u00f6rden Stratejik \u00c7\u0131k\u0131\u015f: Market Zincirini Neden Satt\u0131lar?<\/h3>\n<p>Kiler Holding&#8217;in temelleri, 1994 y\u0131l\u0131nda \u0130stanbul&#8217;da kurulan &#8220;Kiler Al\u0131\u015fveri\u015f&#8221; ile at\u0131ld\u0131. Y\u0131llar i\u00e7inde T\u00fcrkiye&#8217;nin en bilinen market zincirlerinden biri haline geldi. Ancak en radikal hamle, \u015firketin zirve d\u00f6nemlerinden birinde, 2015 y\u0131l\u0131nda geldi: Kiler Al\u0131\u015fveri\u015f&#8217;in %85&#8217;lik ezici \u00e7o\u011funluk hissesi, uluslararas\u0131 perakende devi CarrefourSA&#8217;ya sat\u0131ld\u0131.<\/p>\n<p>Bu karar, bir \u015firketin sadece do\u011fdu\u011fu ve ad\u0131n\u0131 ald\u0131\u011f\u0131 ana faaliyet alan\u0131ndan \u00e7ekilmesi de\u011fil, ayn\u0131 zamanda bilin\u00e7li bir sermaye yeniden konumland\u0131rma stratejisinin net bir g\u00f6stergesiydi. Bu hamle, \u015firketin perakende pazar\u0131n\u0131n olgunla\u015ft\u0131\u011f\u0131n\u0131 ve rekabetin k\u00e2rl\u0131l\u0131\u011f\u0131 a\u015f\u0131nd\u0131rd\u0131\u011f\u0131n\u0131 \u00f6ng\u00f6rerek, sermayesini proaktif olarak yeniden yap\u0131land\u0131rd\u0131\u011f\u0131n\u0131 ortaya koydu. Bu sat\u0131\u015fla serbest kalan sermaye, Kiler Holding&#8217;in perakendenin d\u00fc\u015f\u00fck k\u00e2r marjl\u0131 ve y\u00fcksek operasyonel yo\u011funluklu d\u00fcnyas\u0131ndan, sermaye-yo\u011fun ancak uzun vadeli getirisi y\u00fcksek olan enerji ve gayrimenkul gibi alanlara stratejik bir pivot yapmas\u0131n\u0131n temelini olu\u015fturdu.<\/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<h3>2. T\u00fcrkiye&#8217;nin Yeni Enerji Oyuncular\u0131ndan Biri Haline Geliyorlar<\/h3>\n<p>Kamuoyunun perakende kimli\u011fiyle tan\u0131d\u0131\u011f\u0131 Kiler&#8217;in, enerji sekt\u00f6r\u00fcnde bu denli iddial\u0131 bir oyuncu haline gelmesi, faaliyet raporundaki en b\u00fcy\u00fck s\u00fcrprizlerden biri. Holdingin enerjiye yat\u0131r\u0131m\u0131, birbiriyle entegre \u00fc\u00e7 stratejik ayaktan olu\u015fuyor: mevcut \u00fcretimle nakit ak\u0131\u015f\u0131 sa\u011flamak, gelece\u011fin arz g\u00fcvenli\u011fine devasa bir yat\u0131r\u0131mla haz\u0131rlanmak ve son kullan\u0131c\u0131ya y\u00f6nelik yeni nesil hizmet a\u011flar\u0131 kurmak.<\/p>\n<p><b>\u00dc\u00e7 Sacayakl\u0131 Bir Enerji Stratejisi:<\/b><\/p>\n<ol>\n<li><b>Mevcut \u00dcretim ve Nakit Ak\u0131\u015f\u0131:<\/b> Grup, bu alandaki somut ad\u0131m\u0131n\u0131 May\u0131s 2024&#8217;te Van Ba\u015fkale&#8217;de faaliyete ge\u00e7irdi\u011fi 13,75 MW kurulu g\u00fcce sahip G\u00fcne\u015f Enerjisi Santrali (GES) ile att\u0131. Bu yat\u0131r\u0131m, raporda belirtildi\u011fi \u00fczere &#8220;Kiler Tekstil ve Biskon Yap\u0131&#8221; i\u015ftirakleri \u00fczerinden ger\u00e7ekle\u015ftirilerek, grubun operasyonel projeleri hayata ge\u00e7irme kapasitesini kan\u0131tl\u0131yor.<\/li>\n<li><b>Gelece\u011fe Y\u00f6nelik Devasa Kapasite:<\/b> As\u0131l b\u00fcy\u00fck vizyon ise gelece\u011fe y\u00f6nelik planlarda gizli. Kiler Tekstil i\u015ftiraki \u00fczerinden EPDK&#8217;dan onay\u0131 al\u0131nan, toplam 480 MW g\u00fcc\u00fcnde 4 adet devasa GES \u00f6n lisans projesi bulunuyor. Bu rakam, \u015firketin T\u00fcrkiye&#8217;nin yenilenebilir enerji \u00fcretiminde gelecekte ne denli \u00f6nemli bir rol oynamay\u0131 hedefledi\u011finin a\u00e7\u0131k bir kan\u0131t\u0131d\u0131r.<\/li>\n<li><b>Yeni Nesil Hizmet A\u011flar\u0131:<\/b> Kiler, enerjiyi sadece \u00fcretmekle kalm\u0131yor, ayn\u0131 zamanda gelece\u011fin t\u00fcketici al\u0131\u015fkanl\u0131klar\u0131na da yat\u0131r\u0131m yap\u0131yor. KLR Enerji Sistemleri markas\u0131 alt\u0131nda, T\u00fcrkiye genelinde 9 farkl\u0131 noktada aktif olarak hizmet veren bir elektrikli ara\u00e7 \u015farj istasyonu a\u011f\u0131 kurmu\u015f durumdalar. Bu yat\u0131r\u0131m, \u015firketin enerji de\u011fer zincirinin son halkas\u0131na da odakland\u0131\u011f\u0131n\u0131 g\u00f6steren stratejik bir g\u00f6stergedir.<\/li>\n<\/ol>\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<h3>3. Gayrimenkul ve \u0130n\u015faatta \u015eehrin Siluetini \u015eekillendiriyorlar<\/h3>\n<p>Kiler Holding, Biskon Yap\u0131 ve Kiler GYO i\u015ftirakleri arac\u0131l\u0131\u011f\u0131yla, sadece konut \u00fcretmenin \u00f6tesine ge\u00e7erek, kamu i\u015ftirakleriyle y\u00fcr\u00fctt\u00fc\u011f\u00fc b\u00fcy\u00fck \u00f6l\u00e7ekli ve y\u00fcksek yo\u011funluklu projelerle metropollerin kentsel dokusunda kal\u0131c\u0131 bir etki b\u0131rakmaktad\u0131r. Bu projelerin \u00f6l\u00e7e\u011fini anlamak i\u00e7in &#8220;Referans&#8221; markas\u0131 alt\u0131nda y\u00fcr\u00fct\u00fclen baz\u0131 projelere bakmak yeterli:<\/p>\n<ul>\n<li><b>Referans Be\u015fikta\u015f<\/b> (TOK\u0130 ile gelir payla\u015f\u0131m\u0131)<\/li>\n<li><b>Referans Bah\u00e7e\u015fehir<\/b> (K\u0130PTA\u015e ile gelir payla\u015f\u0131m\u0131)<\/li>\n<li><b>Referans G\u00f6kt\u00fcrk<\/b><\/li>\n<li><b>Referans Halkal\u0131<\/b><\/li>\n<\/ul>\n<p>TOK\u0130 ve K\u0130PTA\u015e gibi T\u00fcrkiye&#8217;nin en \u00f6nemli kamu kurumlar\u0131yla stratejik i\u015f birlikleri yapabilmek, \u015firketin yaln\u0131zca \u00f6zel bir geli\u015ftirici olmad\u0131\u011f\u0131n\u0131; ayn\u0131 zamanda y\u00fcksek d\u00fczeyde teknik yeterlilik, finansal g\u00fcvenilirlik ve karma\u015f\u0131k reg\u00fclasyon s\u00fcre\u00e7lerini y\u00f6netme kabiliyetine sahip oldu\u011funu g\u00f6stermektedir. Bu durum, Kiler&#8217;i kamunun \u00f6nc\u00fcl\u00fck etti\u011fi b\u00fcy\u00fck \u00f6l\u00e7ekli kentsel d\u00f6n\u00fc\u015f\u00fcm projelerinde kilit bir akt\u00f6r olarak konumland\u0131rmaktad\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<h3>4. Gelenekselin D\u0131\u015f\u0131nda Cesur Yat\u0131r\u0131mlar: Giri\u015fim Sermayesinden Karavan Tasar\u0131m\u0131na<\/h3>\n<p>Faaliyet raporu, Kiler Holding&#8217;in gelece\u011fi g\u00fcvence alt\u0131na alma stratejisinin iki y\u00f6nl\u00fc bir yakla\u015f\u0131ma dayand\u0131\u011f\u0131n\u0131 ortaya koyuyor: teknolojik y\u0131k\u0131ma yat\u0131r\u0131m yapmak ve de\u011fi\u015fen sosyo-k\u00fclt\u00fcrel trendleri yakalamak.<\/p>\n<ul>\n<li><b>Teknolojik Y\u0131k\u0131ma Yat\u0131r\u0131m:<\/b> Holding, gelece\u011fin unicorn&#8217;lar\u0131n\u0131 ke\u015ffetme yar\u0131\u015f\u0131nda da yerini al\u0131yor. <b>06.04.2022<\/b>&#8216;de kurulan ve Kiler Holding&#8217;in %40 payla kurucu ve lider sermayedar\u0131 oldu\u011fu <b>&#8220;Ekol Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8221;<\/b>, \u015firketin yeni nesil i\u015f fikirlerine ve start-up ekosistemine verdi\u011fi \u00f6nemi g\u00f6steriyor. Bu hamle, Kiler&#8217;in sadece mevcut sekt\u00f6rlerinde de\u011fil, gelece\u011fi \u015fekillendirecek yenilik\u00e7i fikirlere de yat\u0131r\u0131m yapma arzusunu ortaya koyuyor.<\/li>\n<li><b>Sosyo-K\u00fclt\u00fcrel Trendleri Yakalamak:<\/b> B\u00fcy\u00fck end\u00fcstriyel projelerin yan\u0131nda, raporda ilgin\u00e7 bir detay g\u00f6ze \u00e7arp\u0131yor: <b>&#8220;Vizyon Karavan Dizayn Anonim \u015eirketi&#8221;<\/b>. <b>2 Temmuz 2021<\/b>&#8216;de kurulan ve Kiler&#8217;in %23 etkin pay sahibi oldu\u011fu bu i\u015ftirak, karavan tasar\u0131m\u0131 ve \u00fcretimi yap\u0131yor. Bu yat\u0131r\u0131m, \u015firketin b\u00fcy\u00fck \u00f6l\u00e7ekli sanayi projelerinin yan\u0131 s\u0131ra, de\u011fi\u015fen t\u00fcketici ya\u015fam tarzlar\u0131ndan do\u011fan spesifik ve b\u00fcy\u00fcyen ni\u015f pazarlardaki f\u0131rsatlar\u0131 da ne kadar yak\u0131ndan takip etti\u011finin dinamik bir \u00f6rne\u011fidir.<\/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<h3>Sonu\u00e7<\/h3>\n<p>Kiler Holding&#8217;in 1994&#8217;te tek bir ma\u011fazayla ba\u015flayan yolculu\u011fu, bug\u00fcn enerji santralleri, devasa \u015fantiyeler, sanayi tesisleri ve teknoloji start-up&#8217;lar\u0131n\u0131 kapsayan \u00e7ok boyutlu bir yap\u0131ya d\u00f6n\u00fc\u015fm\u00fc\u015f durumda. Bir faaliyet raporunun kuru rakamlar\u0131n\u0131n ard\u0131nda, bir \u015firketin kendini nas\u0131l yeniden icat etti\u011finin, k\u00f6klerinden ald\u0131\u011f\u0131 g\u00fc\u00e7le y\u00fcksek katma de\u011ferli sekt\u00f6rlere nas\u0131l cesurca yelken a\u00e7t\u0131\u011f\u0131n\u0131n ilham verici bir strateji dersi yat\u0131yor. Bu, bir \u015firketin ba\u015far\u0131s\u0131n\u0131n sadece b\u00fcy\u00fcmekte de\u011fil, ayn\u0131 zamanda do\u011fru zamanda do\u011fru alanlara d\u00f6n\u00fc\u015febilme yetene\u011finde yatt\u0131\u011f\u0131n\u0131 kan\u0131tl\u0131yor. Peki, bir \u015firketin 30 y\u0131lda ge\u00e7irdi\u011fi bu k\u00f6kl\u00fc d\u00f6n\u00fc\u015f\u00fcm, gelece\u011fin i\u015f d\u00fcnyas\u0131nda ba\u015far\u0131n\u0131n s\u0131rr\u0131n\u0131n adaptasyon ve cesur vizyonda m\u0131 yatt\u0131\u011f\u0131n\u0131 g\u00f6steriyor?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Kiler Holding A.\u015e. 30 Eyl\u00fcl 2025 Faaliyet Raporu Bilgilendirme Notu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu bilgilendirme notu, Kiler Holding A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihli faaliyet raporundan elde edilen temel bulgular\u0131 ve stratejik geli\u015fmeleri \u00f6zetlemektedir. Rapor, Holding&#8217;in in\u015faat, enerji, sanayi ve hizmet sekt\u00f6rlerindeki \u00e7e\u015fitlendirilmi\u015f yap\u0131s\u0131n\u0131 ve operasyonel ba\u015far\u0131lar\u0131n\u0131 ortaya koymaktad\u0131r.<\/p>\n<p>2024 y\u0131l\u0131, Holding i\u00e7in \u00f6nemli yat\u0131r\u0131m hamlelerinin meyvelerinin topland\u0131\u011f\u0131 bir d\u00f6nem olmu\u015ftur. Van Ba\u015fkale&#8217;de kurulan 13,75 MW kapasiteli G\u00fcne\u015f Enerjisi Santrali (GES) ve Bitlis&#8217;te 40.000 metrekare alana yay\u0131lan \u0130plik \u00dcretim Tesisi faaliyete ge\u00e7erek grubun gelir kaynaklar\u0131n\u0131 \u00e7e\u015fitlendirmi\u015f ve yeni pazarlara giri\u015fini sa\u011flam\u0131\u015ft\u0131r. Bu yat\u0131r\u0131mlar, Holding&#8217;in s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme ve yenilik\u00e7ilik stratejisinin somut g\u00f6stergeleridir.<\/p>\n<p>Finansal a\u00e7\u0131dan Kiler Holding, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda g\u00fc\u00e7l\u00fc bir performans sergilemi\u015ftir. Bu d\u00f6nemde 871.253 Bin TL net d\u00f6nem kar\u0131 elde edilmi\u015f, toplam varl\u0131klar\u0131 ise 62.074.078 Bin TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. \u0130n\u015faat ve gayrimenkul geli\u015ftirme faaliyetleri, \u00f6zellikle &#8220;Referans&#8221; markas\u0131 alt\u0131nda y\u00fcr\u00fct\u00fclen Referans Be\u015fikta\u015f, Referans Pendik ve Referans G\u00f6kt\u00fcrk gibi b\u00fcy\u00fck \u00f6l\u00e7ekli projelerle gelecekteki gelir ak\u0131\u015f\u0131n\u0131n temelini olu\u015fturmaya devam etmektedir.<\/p>\n<p>Kurumsal y\u00f6netim alan\u0131nda Holding, \u015feffaf ve sorumlu bir yap\u0131 sergilemektedir. Y\u00f6netim Kurulu b\u00fcnyesinde olu\u015fturulan Denetim, Riskin Erken Saptanmas\u0131 ve Kurumsal Y\u00f6netim komiteleri aktif olarak faaliyet g\u00f6stermekte, Kiler Ailesi&#8217;nin imtiyazl\u0131 pay yap\u0131s\u0131 ise stratejik kararlarda istikrar sa\u011flamaktad\u0131r. Holding, payda\u015flar\u0131na zaman\u0131nda ve do\u011fru bilgi aktar\u0131m\u0131n\u0131 sa\u011flayan bir bilgilendirme politikas\u0131 izlemektedir. Gelece\u011fe y\u00f6nelik beklentiler, mevcut sekt\u00f6rlerdeki b\u00fcy\u00fcmeyi s\u00fcrd\u00fcrmek ve yeni yat\u0131r\u0131m f\u0131rsatlar\u0131n\u0131 de\u011ferlendirmek \u00fczerine odaklanm\u0131\u015ft\u0131r.<\/p>\n<h2>\u015eirket Tarih\u00e7esi ve \u00d6nemli Geli\u015fmeler<\/h2>\n<p>Kiler Holding&#8217;in temelleri perakende sekt\u00f6r\u00fcnde at\u0131lm\u0131\u015f ve zamanla in\u015faat, enerji, hizmet ve sanayi alanlar\u0131na yay\u0131larak bug\u00fcnk\u00fc \u00e7e\u015fitlendirilmi\u015f yap\u0131s\u0131na ula\u015fm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Y\u0131l<\/td>\n<td>Geli\u015fme<\/td>\n<\/tr>\n<tr>\n<td><b>1994<\/b><\/td>\n<td>Kiler Ailesi taraf\u0131ndan \u0130stanbul&#8217;da Kiler Al\u0131\u015fveri\u015f kuruldu ve holdingle\u015fme yolundaki ilk ad\u0131m at\u0131ld\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>1995-2003<\/b><\/td>\n<td>Kiler Al\u0131\u015fveri\u015f organik b\u00fcy\u00fcmesini s\u00fcrd\u00fcrd\u00fc. 2002&#8217;de Tureks Turizm Ta\u015f\u0131mac\u0131l\u0131k kuruldu. 2003&#8217;te \u015eahinler grubuna ait 5 &#8220;Oley&#8221; ma\u011fazas\u0131 sat\u0131n al\u0131nd\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>2005<\/b><\/td>\n<td>&#8220;Kiler \u0130n\u015faat Sanayi ve Ticaret A.\u015e.&#8221; ad\u0131yla Kiler GYO&#8217;nun temelleri at\u0131ld\u0131. Kiler Holding kuruldu.<\/td>\n<\/tr>\n<tr>\n<td><b>2008<\/b><\/td>\n<td>Kiler \u0130n\u015faat, Sermaye Piyasas\u0131 Kurulu (SPK) onay\u0131yla &#8220;Kiler Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8221; unvan\u0131n\u0131 ald\u0131. Kiler Al\u0131\u015fveri\u015f, Yimpa\u015f&#8217;a ait 12 ma\u011fazan\u0131n demirba\u015flar\u0131n\u0131 sat\u0131n ald\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>2015<\/b><\/td>\n<td>Uluslararas\u0131 perakendeci CarrefourSA, Kiler Al\u0131\u015fveri\u015f&#8217;in %85 hissesini sat\u0131n ald\u0131. Do\u011fu Aras \u015firketindeki hisse yap\u0131s\u0131 \u00c7al\u0131k Enerji ile e\u015fitlenerek her iki orta\u011f\u0131n pay\u0131 %50 oldu.<\/td>\n<\/tr>\n<tr>\n<td><b>2021<\/b><\/td>\n<td>Do\u011fu Aras paylar\u0131n\u0131n halka arz\u0131 4-5 Kas\u0131m tarihlerinde ger\u00e7ekle\u015ftirildi.<\/td>\n<\/tr>\n<tr>\n<td><b>2024<\/b><\/td>\n<td>Van Ba\u015fkale&#8217;de 13,75 MW kurulu g\u00fcce sahip GES yat\u0131r\u0131m\u0131 May\u0131s ay\u0131nda tamamlanarak enerji \u00fcretimine ba\u015flad\u0131. Bitlis \u0130plik \u00dcretim Tesisi&#8217;nde iplik \u00fcretimi Eyl\u00fcl ay\u0131nda ba\u015flad\u0131.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Kurumsal Y\u00f6netim ve Yap\u0131lanma<\/h2>\n<h3>Ortakl\u0131k Yap\u0131s\u0131 ve Pay Gruplar\u0131<\/h3>\n<p>\u015eirket, 2023 y\u0131l\u0131nda Sermaye Piyasas\u0131 Kurulu&#8217;nun onay\u0131 ile sermaye art\u0131r\u0131m\u0131na gitmi\u015ftir. \u00c7\u0131kar\u0131lm\u0131\u015f sermaye, i\u00e7 kaynaklardan bedelsiz olarak %150 oran\u0131nda 975.000 TL art\u0131r\u0131larak 650.000 TL&#8217;den 1.625.000 TL&#8217;ye \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>\u015eirket esas s\u00f6zle\u015fmesine g\u00f6re paylar d\u00f6rt gruba ayr\u0131lm\u0131\u015ft\u0131r ve oy haklar\u0131nda imtiyaz bulunmaktad\u0131r:<\/p>\n<ul>\n<li><b>A Grubu (\u00dcmit Kiler):<\/b> Y\u00f6netim kuruluna aday g\u00f6sterme imtiyaz\u0131 ve her pay i\u00e7in 5 oy hakk\u0131.<\/li>\n<li><b>B Grubu (Nahit Kiler):<\/b> Y\u00f6netim kuruluna aday g\u00f6sterme imtiyaz\u0131 ve her pay i\u00e7in 5 oy hakk\u0131.<\/li>\n<li><b>C Grubu (Vahit Kiler):<\/b> Y\u00f6netim kuruluna aday g\u00f6sterme imtiyaz\u0131 ve her pay i\u00e7in 5 oy hakk\u0131.<\/li>\n<li><b>D Grubu:<\/b> \u0130mtiyazs\u0131z olup her pay i\u00e7in 1 oy hakk\u0131 verir.<\/li>\n<\/ul>\n<h3>Y\u00f6netim Kurulu ve Y\u00f6neticiler<\/h3>\n<p>Y\u00f6netim Kurulu \u00fcyeleri, Kiler Holding d\u0131\u015f\u0131nda da \u00e7e\u015fitli \u015firketlerde y\u00f6netici ve pay sahibi olarak g\u00f6rev yapmaktad\u0131rlar. \u00d6ne \u00e7\u0131kan y\u00f6neticiler ve \u015firket d\u0131\u015f\u0131 g\u00f6revlerinden baz\u0131lar\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<p><b>Nahit Kiler (Y\u00f6netim Kurulu Ba\u015fkan\u0131)<\/b> | \u015eirket | G\u00f6revi | Do\u011frudan Pay % | | :&#8212; | :&#8212; | :&#8212; | | Kiler Holding Anonim \u015eirketi | Y\u00f6netim Kurulu Ba\u015fkan\u0131 | 26,33% | | Biskon Yap\u0131 Anonim \u015eirketi | Y\u00f6netim Kurulu Ba\u015fkan\u0131 | 15,00% | | Kiler Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. | Y\u00f6netim Kurulu Ba\u015fkan\u0131 | 0,11% | | \u0130nta\u015f Yat\u0131r\u0131m Holding Anonim \u015eirketi | Y\u00f6netim Kurulu Ba\u015fkan Vekili | 34,00% | | Ekol Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. | Y\u00f6netim Kurulu Ba\u015fkan Vekili | 20,00% |<\/p>\n<p><b>Vahit Kiler<\/b> | \u015eirket | G\u00f6revi | Do\u011frudan Pay % | | :&#8212; | :&#8212; | :&#8212; | | Kbc G\u0131da Sanayi ve Ticaret Limited \u015eirketi | M\u00fcd\u00fcr | 33,00% | | Klr \u0130n\u015faat Ticaret Limited \u015eirketi | M\u00fcd\u00fcr | 33,33% | | Biskon Yap\u0131 Anonim \u015eirketi | Y\u00f6netim Kurulu \u00dcyesi | 15,00% | | Ekol Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. | Y\u00f6netim Kurulu \u00dcyesi | 20,00% | | Global Anadolu Enerji Yat\u0131r\u0131mlar\u0131 A.\u015e. | Y\u00f6netim Kurulu \u00dcyesi | 8,00% |<\/p>\n<p><b>\u00dcmit Kiler<\/b> | \u015eirket | G\u00f6revi | Do\u011frudan Pay % | | :&#8212; | :&#8212; | :&#8212; | | Kiler Holding Anonim \u015eirketi | Y\u00f6netim Kurulu \u00dcyesi | 26,33% | | Kbc G\u0131da Sanayi ve Ticaret Limited \u015eirketi | M\u00fcd\u00fcrler Kurulu Ba\u015fkan\u0131 | 33,00% | | K\u00fctahya \u015eeker Fabrikas\u0131 Anonim \u015eirketi | Y\u00f6netim Kurulu Ba\u015fkan Vekili | 1,50% | | Kiler Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. | Y\u00f6netim Kurulu \u00dcyesi | 0,11% | | Do\u011fu Aras Enerji Yat\u0131r\u0131mlar\u0131 A.\u015e. | Y\u00f6netim Kurulu Ba\u015fkan\u0131 | Yoktur |<\/p>\n<h3>Y\u00f6netim Kurulu Komiteleri<\/h3>\n<p>\u015eirket, kurumsal y\u00f6netim ilkeleri do\u011frultusunda 21 Nisan 2022 tarihinde \u00fc\u00e7 ana komite kurmu\u015ftur. Aday G\u00f6sterme ve \u00dccret Komitesi g\u00f6revleri, Kurumsal Y\u00f6netim Komitesi taraf\u0131ndan yerine getirilmektedir. Raporlama tarihi itibar\u0131yla t\u00fcm komiteler 6&#8217;\u015far defa toplanm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Komite<\/td>\n<td>Ba\u015fkan<\/td>\n<td>\u00dcyeler<\/td>\n<td>Amac\u0131<\/td>\n<\/tr>\n<tr>\n<td><b>Denetim Komitesi<\/b><\/td>\n<td>Ali U\u011fur SAYDAM<\/td>\n<td>\u0130smet YILMAZ<\/td>\n<td>Muhasebe sistemi, finansal bilgilerin kamuya a\u00e7\u0131klanmas\u0131 ve i\u00e7 kontrol sisteminin g\u00f6zetimi.<\/td>\n<\/tr>\n<tr>\n<td><b>Riskin Erken Saptanmas\u0131 Komitesi<\/b><\/td>\n<td>\u0130smet YILMAZ<\/td>\n<td>Vahit K\u0130LER, \u00dcmit K\u0130LER<\/td>\n<td>\u015eirketin varl\u0131\u011f\u0131n\u0131 tehlikeye atabilecek risklerin erken te\u015fhisi, y\u00f6netilmesi ve gerekli \u00f6nlemlerin al\u0131nmas\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>Kurumsal Y\u00f6netim Komitesi<\/b><\/td>\n<td>Ali U\u011fur SAYDAM<\/td>\n<td>Vahit K\u0130LER, \u00dcmit K\u0130LER<\/td>\n<td>Kurumsal y\u00f6netim ilkelerinin uygulanmas\u0131n\u0131 izlemek, iyile\u015ftirici tavsiyelerde bulunmak ve yat\u0131r\u0131mc\u0131 ili\u015fkilerini g\u00f6zetmek.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Bilgilendirme ve \u00dccret Politikas\u0131<\/h3>\n<ul>\n<li><b>Bilgilendirme Politikas\u0131:<\/b> \u015eirket; ticari s\u0131r niteli\u011fi ta\u015f\u0131mayan bilgileri pay sahipleri, yat\u0131r\u0131mc\u0131lar ve di\u011fer menfaat sahipleriyle tam, adil, do\u011fru ve zaman\u0131nda payla\u015fmay\u0131 hedefler. Kamuyu Ayd\u0131nlatma Platformu (KAP), \u015firket web sitesi, faaliyet raporlar\u0131 ve bas\u0131n b\u00fcltenleri gibi ara\u00e7lar kullan\u0131l\u0131r. Finansal raporlar\u0131n a\u00e7\u0131klanmas\u0131ndan \u00f6nceki d\u00f6nem &#8220;Sessiz D\u00f6nem&#8221; olarak kabul edilir ve bu s\u00fcre\u00e7te finansal performans hakk\u0131nda yorum yap\u0131lmaz.<\/li>\n<li><b>\u00dccret Politikas\u0131:<\/b> Y\u00f6netim kurulu \u00fcyelerinin \u00fccretleri genel kurul, idari sorumlulu\u011fu bulunan y\u00f6neticilerin \u00fccretleri ise y\u00f6netim kurulu taraf\u0131ndan belirlenir. Ba\u011f\u0131ms\u0131z y\u00f6netim kurulu \u00fcyelerinin \u00fccretlerinin ba\u011f\u0131ms\u0131zl\u0131klar\u0131n\u0131 koruyacak d\u00fczeyde olmas\u0131na \u00f6zen g\u00f6sterilir. Raporlama d\u00f6neminde sona eren hesap d\u00f6neminde \u00fcst y\u00f6netime sa\u011flanan maa\u015f, ikramiye ve huzur hakk\u0131 gibi faydalar\u0131n toplam\u0131 <b>28.512 Bin TL<\/b>&#8216;dir.<\/li>\n<\/ul>\n<h2>Faaliyet Alanlar\u0131 ve Projeler<\/h2>\n<p>Kiler Holding; in\u015faat, enerji, sanayi ve hizmet sekt\u00f6rlerinde faaliyet g\u00f6stermektedir.<\/p>\n<h3>Enerji Yat\u0131r\u0131mlar\u0131<\/h3>\n<ul>\n<li><b>Van Ba\u015fkale GES:<\/b> 13,75 MW kurulu g\u00fcce sahip lisanss\u0131z G\u00fcne\u015f Enerjisi Santrali, May\u0131s 2024&#8217;te enerji \u00fcretimine ba\u015flam\u0131\u015ft\u0131r. Tesisin y\u0131ll\u0131k 23 milyon kWh enerji \u00fcretmesi hedeflenmektedir.<\/li>\n<li><b>Yeni GES Projeleri:<\/b> Ba\u011fl\u0131 ortakl\u0131k olan Biskon Yap\u0131, Kiler Tekstil \u00fczerinden enerji alan\u0131nda b\u00fcy\u00fcmeyi planlamaktad\u0131r. Bu kapsamda EPDK&#8217;ya toplam 680 MW kapasiteli 6 adet \u00f6n lisans ba\u015fvurusu yap\u0131lm\u0131\u015f, bunlardan toplam 480 MW g\u00fcc\u00fcndeki 4 tanesi (\u00c7\u0131ld\u0131r, \u00c7evirmetepe, E\u011frime\u00e7, \u00c7anakyayla) onay alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Elektrikli Ara\u00e7 \u015earj A\u011f\u0131 (KES):<\/b> KLR Enerji Sistemleri A.\u015e., EPDK&#8217;dan &#8220;\u015earj A\u011f\u0131 \u0130\u015fletmeci Lisans\u0131&#8221; alm\u0131\u015f olup, 2024&#8217;\u00fcn ikinci \u00e7eyre\u011finde KES markas\u0131 alt\u0131nda hizmet vermeye ba\u015flam\u0131\u015ft\u0131r. Raporlama tarihi itibar\u0131yla 9 farkl\u0131 noktada 52 adet AC ve 10 adet DC \u015farj \u00fcnitesi bulunmaktad\u0131r.<\/li>\n<\/ul>\n<h3>Sanayi Yat\u0131r\u0131mlar\u0131<\/h3>\n<ul>\n<li><b>Bitlis \u0130plik Fabrikas\u0131:<\/b> 40.000 metrekare alana in\u015fa edilen tesis, Eyl\u00fcl 2024 itibar\u0131yla pamuktan iplik \u00fcretimine ba\u015flam\u0131\u015ft\u0131r. Yat\u0131r\u0131m te\u015fvik belgesi tamamlama vizesi i\u00e7in ba\u015fvurunun 30 Aral\u0131k 2024 \u00f6ncesinde yap\u0131lmas\u0131 hedeflenmektedir.<\/li>\n<\/ul>\n<h3>\u0130n\u015faat ve Gayrimenkul Projeleri<\/h3>\n<p>Holding, Biskon Yap\u0131 ve Kiler GYO arac\u0131l\u0131\u011f\u0131yla \u00e7ok say\u0131da b\u00fcy\u00fck \u00f6l\u00e7ekli altyap\u0131 ve gayrimenkul projesi y\u00fcr\u00fctmektedir.<\/p>\n<p><b>\u00d6ne \u00c7\u0131kan Tamamlanan Projeler:<\/b><\/p>\n<ul>\n<li><b>Referans Bak\u0131rk\u00f6y:<\/b> 2016&#8217;da tamamlanan, 257 konut ve 73 ticari \u00fcniteden olu\u015fan proje.<\/li>\n<li><b>Referans Bah\u00e7e\u015fehir:<\/b> K\u0130PTA\u015e ile gelir payla\u015f\u0131m\u0131 modeliyle geli\u015ftirilen, 463 konut ve 34 d\u00fckkandan olu\u015fan proje. 2022&#8217;de iskan ruhsatlar\u0131 al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Referans Ba\u015fak\u015fehir Vadi:<\/b> K\u0130PTA\u015e ile geli\u015ftirilen projenin iskan ruhsat\u0131 2021&#8217;de al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u015e\u0131rnak-Cizre Konut Projesi:<\/b> 604 konut ve 120 ticari \u00fcnite in\u015faat\u0131 2019&#8217;da tamamlanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p><b>Devam Eden ve Yeni Projeler:<\/b><\/p>\n<ul>\n<li><b>Referans Be\u015fikta\u015f:<\/b> TOK\u0130 ile imzalanan arsa sat\u0131\u015f\u0131 kar\u015f\u0131l\u0131\u011f\u0131 gelir payla\u015f\u0131m\u0131 projesidir. Toplam sat\u0131\u015f gelirinin %86&#8217;s\u0131 i\u015f ortakl\u0131\u011f\u0131 pay\u0131 olarak belirlenmi\u015ftir. TOK\u0130&#8217;ye taahh\u00fct edilen asgari has\u0131lat 203.000.000 TL&#8217;dir. Sat\u0131\u015f ve in\u015faat s\u00fcreci devam etmektedir.<\/li>\n<li><b>Referans Pendik:<\/b> \u0130ller Bankas\u0131 A.\u015e. ile gelir payla\u015f\u0131m\u0131 usul\u00fcyle geli\u015ftirilen projedir. \u0130n\u015faat faaliyetleri ve sat\u0131\u015flar s\u00fcrmektedir.<\/li>\n<li><b>Referans G\u00f6kt\u00fcrk:<\/b> Ey\u00fcpsultan Belediyesi&#8217;nden sat\u0131n al\u0131nan arsa \u00fczerinde geli\u015ftirilen projenin yap\u0131 ruhsatlar\u0131 Ekim 2023&#8217;te al\u0131nm\u0131\u015ft\u0131r. Sat\u0131\u015f s\u00fcreci devam etmektedir.<\/li>\n<li><b>Referans Halkal\u0131:<\/b> \u00d6zelle\u015ftirme \u0130daresi&#8217;nden kazan\u0131lan ihale sonras\u0131 geli\u015ftirilen proje i\u00e7in yap\u0131 ruhsatlar\u0131 Ekim 2024&#8217;te al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Karaman H\u0131zl\u0131 Tren Projesi:<\/b> T.C. Devlet Demir Yollar\u0131 projesinde alt y\u00fcklenici olarak h\u0131zl\u0131 tren altyap\u0131, \u00fcstyap\u0131 ve elektrifikasyon i\u015flerinde malzeme temini ve i\u015f makinesi kiralama hizmetleri sunulmaktad\u0131r.<\/li>\n<\/ul>\n<h2>Finansal Performans ve Durum<\/h2>\n<h3>Konsolide Finansal Durum Tablosu (\u00d6zet)<\/h3>\n<p>(Tutarlar Bin T\u00fcrk Liras\u0131 olarak belirtilmi\u015ftir.)<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131klar<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>25.570.288<\/td>\n<td>21.349.355<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>36.503.790<\/td>\n<td>36.509.635<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>62.074.078<\/b><\/td>\n<td><b>57.858.990<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Konsolide Kar veya Zarar Tablosu (\u00d6zet)<\/h3>\n<p>(Tutarlar Bin T\u00fcrk Liras\u0131 olarak belirtilmi\u015ftir.)<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>01.01-30.09.2025<\/td>\n<td>01.01-30.09.2024<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>5.314.437<\/td>\n<td>8.066.095<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>1.377.243<\/td>\n<td>744.572<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td><b>871.253<\/b><\/td>\n<td><b>1.412.534<\/b><\/td>\n<\/tr>\n<tr>\n<td>Ana Ortakl\u0131k Paylar\u0131<\/td>\n<td>1.033.433<\/td>\n<td>882.493<\/td>\n<\/tr>\n<tr>\n<td><b>Pay Ba\u015f\u0131na Kazan\u00e7 (TL)<\/b><\/td>\n<td><b>0,64<\/b><\/td>\n<td><b>0,54<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Segment Gelirleri (01.01-30.09.2025)<\/h3>\n<p>(Tutarlar Bin T\u00fcrk Liras\u0131 olarak belirtilmi\u015ftir.)<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Faaliyet Alan\u0131<\/td>\n<td>Has\u0131lat<\/td>\n<td>Br\u00fct Kar<\/td>\n<\/tr>\n<tr>\n<td>Konut\/Ticari Birim Sat\u0131\u015f\u0131<\/td>\n<td>113.299<\/td>\n<td>76.557<\/td>\n<\/tr>\n<tr>\n<td>Gayrimenkul Kira Gelirleri<\/td>\n<td>202.527<\/td>\n<td>202.527<\/td>\n<\/tr>\n<tr>\n<td>Da\u011f\u0131t\u0131m Hatt\u0131 \u0130n\u015faat Projesi<\/td>\n<td>1.888.945<\/td>\n<td>481.359<\/td>\n<\/tr>\n<tr>\n<td>H\u0131zl\u0131 Tren \u0130n\u015faat Projesi<\/td>\n<td>2.084.689<\/td>\n<td>694.680<\/td>\n<\/tr>\n<tr>\n<td>GES Enerji \u00dcretim Sat\u0131\u015flar\u0131<\/td>\n<td>75.581<\/td>\n<td>8.488<\/td>\n<\/tr>\n<tr>\n<td>\u0130plik Sat\u0131\u015f Gelirleri<\/td>\n<td>939.370<\/td>\n<td>(92.546)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>5.314.437<\/b><\/td>\n<td><b>1.377.243<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>\u0130\u015ftirakler ve Ba\u011fl\u0131 Ortakl\u0131klar<\/h2>\n<p>Kiler Holding, farkl\u0131 konsolidasyon y\u00f6ntemleriyle mali tablolar\u0131na dahil etti\u011fi \u00e7ok say\u0131da ba\u011fl\u0131 ortakl\u0131k ve i\u015ftirake sahiptir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>#<\/td>\n<td>\u015eirket<\/td>\n<td>Konsolidasyon Y\u00f6ntemi<\/td>\n<td>Etkinlik Oran\u0131 (%)<\/td>\n<td>Faaliyet Alan\u0131<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Biskon Yap\u0131 A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>55%<\/td>\n<td>\u0130n\u015faat, Taahh\u00fct<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Kiler GYO A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>54%<\/td>\n<td>Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Denge Reklam San. ve Tic. Ltd. \u015eti.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>60%<\/td>\n<td>Reklam, G\u0131da Toptan Sat\u0131\u015f\u0131<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Nuve Elektrik \u00dcretim A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>83%<\/td>\n<td>Elektrik \u00dcretimi<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Kiler Tekstil ve Enerji Yat\u0131r\u0131mlar\u0131 A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>55%<\/td>\n<td>Tekstil, Enerji<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Bah\u00e7e\u015fehir Projesi \u0130\u015f Ortakl\u0131\u011f\u0131<\/td>\n<td>Kendi Pay\u0131 Oran\u0131nda<\/td>\n<td>54%<\/td>\n<td>Gayrimenkul Geli\u015ftirme<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Be\u015fikta\u015f Projesi \u0130\u015f Ortakl\u0131\u011f\u0131<\/td>\n<td>Kendi Pay\u0131 Oran\u0131nda<\/td>\n<td>54%<\/td>\n<td>Gayrimenkul Geli\u015ftirme<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>Do\u011fu Aras Enerji Yat\u0131r\u0131mlar\u0131 A.\u015e.<\/td>\n<td>\u00d6zkaynak Y\u00f6ntemi<\/td>\n<td>40%<\/td>\n<td>Enerji Yat\u0131r\u0131mlar\u0131<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>K\u00fctahya \u015eeker Fabrikas\u0131 A.\u015e.<\/td>\n<td>\u00d6zkaynak Y\u00f6ntemi<\/td>\n<td>24%<\/td>\n<td>G\u0131da (\u015eeker \u00dcretimi)<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>Tureks Turizm Ta\u015f\u0131mac\u0131l\u0131k A.\u015e.<\/td>\n<td>\u00d6zkaynak Y\u00f6ntemi<\/td>\n<td>26%<\/td>\n<td>Ta\u015f\u0131mac\u0131l\u0131k, Hizmet<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>Klr Enerji Sistemleri San ve Tic. A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>40%<\/td>\n<td>Elektrikli Ara\u00e7 \u015earj Sistemleri<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>Generali Sigorta A.\u015e.<\/td>\n<td>Tam Konsolidasyon<\/td>\n<td>85%<\/td>\n<td>Sigortac\u0131l\u0131k<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Risk Y\u00f6netimi ve Gelece\u011fe Y\u00f6nelik Beklentiler<\/h2>\n<h3>Risk Y\u00f6netimi<\/h3>\n<ul>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> \u015eirket&#8217;in varl\u0131\u011f\u0131n\u0131 ve geli\u015fimini tehlikeye atabilecek risklerin erken te\u015fhisi ve y\u00f6netilmesi amac\u0131yla faaliyet g\u00f6sterir. Komite, TTK uyar\u0131nca her iki ayda bir Y\u00f6netim Kurulu&#8217;na rapor sunar. 2025 y\u0131l\u0131 i\u00e7inde yap\u0131lan toplant\u0131larda \u00f6nemli bir risk veya tehlikeye i\u015faret edilmemi\u015ftir.<\/li>\n<li><b>\u00c7evresel ve Sosyal Riskler:<\/b> Grup, faaliyetlerinde ISO 14001 standard\u0131na uygun hareket etmeye ve i\u015f sa\u011fl\u0131\u011f\u0131 ile g\u00fcvenli\u011fi mevzuat\u0131na uymaya \u00f6zen g\u00f6stermektedir. Bu konularla ilgili detaylar 19 A\u011fustos 2025 tarihli &#8220;S\u00fcrd\u00fcr\u00fclebilirlik \u0130lkeleri Uyum Raporu&#8221;nda yer almaktad\u0131r.<\/li>\n<li><b>Finansal Riskler:<\/b> \u015eirket aktifleri sigortal\u0131d\u0131r ve finansal riskler Y\u00f6netim Kurulu taraf\u0131ndan yak\u0131ndan takip edilmektedir. Raporlama tarihi itibar\u0131yla \u015eirket&#8217;in \u00f6z sermayesinin korundu\u011fu ve TTK&#8217;n\u0131n 376. maddesi kapsam\u0131nda bir tedbir almas\u0131na gerek olmad\u0131\u011f\u0131 belirtilmi\u015ftir.<\/li>\n<\/ul>\n<h3>Gelece\u011fe Y\u00f6nelik Beklentiler<\/h3>\n<ul>\n<li><b>Stratejik Odak:<\/b> Holding, gelecekte de a\u011f\u0131rl\u0131kl\u0131 olarak in\u015faat, enerji, sanayi ve hizmet alanlar\u0131ndaki faaliyetlerini s\u00fcrd\u00fcrmeyi ve bu alanlarda yeni \u015firketler kurarak veya mevcut \u015firketlere i\u015ftirak ederek b\u00fcy\u00fcmeyi hedeflemektedir.<\/li>\n<li><b>Devam Eden Projeler:<\/b> Referans Be\u015fikta\u015f, Referans Pendik ve Referans G\u00f6kt\u00fcrk gibi b\u00fcy\u00fck gayrimenkul projelerinin tamamlanmas\u0131yla \u00f6nemli gelir art\u0131\u015f\u0131 beklenmektedir.<\/li>\n<li><b>Yeni Yat\u0131r\u0131mlar:<\/b>\n<ul>\n<li><b>Ekol GSYO:<\/b> Kiler Holding&#8217;in %40 payla kurucu ve lider sermayedar\u0131 oldu\u011fu giri\u015fim sermayesi yat\u0131r\u0131m ortakl\u0131\u011f\u0131n\u0131n, portf\u00f6y uyumunu sa\u011flamak \u00fczere SPK&#8217;dan 1 y\u0131ll\u0131k ek s\u00fcre ald\u0131\u011f\u0131 ve yat\u0131r\u0131m faaliyetlerine devam edece\u011fi belirtilmi\u015ftir.<\/li>\n<li><b>KLR Enerji Sistemleri:<\/b> Elektrikli ara\u00e7 \u015farj a\u011f\u0131 pazar\u0131ndaki b\u00fcy\u00fcme potansiyelinden faydalanmak \u00fczere fizibilite \u00e7al\u0131\u015fmalar\u0131n\u0131 h\u0131zland\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>Referans Sigorta A.\u015e.:<\/b> \u00d6denmi\u015f sermayesinin 695.000 TL&#8217;den 1.695.000 TL&#8217;ye \u00e7\u0131kar\u0131lmas\u0131na y\u00f6nelik karar al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>Finansal Yap\u0131:<\/b> Y\u00f6netim, ba\u011fl\u0131 ortakl\u0131klar\u0131n b\u00fct\u00e7e performanslar\u0131n\u0131 d\u00fczenli olarak izlemekte ve b\u00fcy\u00fcme hedeflerine uygun finansman \u00e7\u00f6z\u00fcmleri \u00fczerine \u00e7al\u0131\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"209\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bir Faaliyet Raporunun Ard\u0131ndaki 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek: Kiler Holding Hakk\u0131nda Muhtemelen Bilmedikleriniz Giri\u015f \u00c7o\u011fumuz i\u00e7in &#8220;Kiler&#8221; markas\u0131, zihinlerde hala g\u0131da perakendecili\u011fi ve market\u00e7ilikle g\u00fc\u00e7l\u00fc bir \u015fekilde yer etmi\u015f durumda. Ancak \u015firketin son faaliyet raporunun sayfalar\u0131n\u0131 aralad\u0131\u011f\u0131n\u0131zda, bu tan\u0131d\u0131k alg\u0131n\u0131n \u00e7ok&#8230; <\/p>\n","protected":false},"author":1,"featured_media":233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6,39],"class_list":["post-209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-2025-09","tag-klrho"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/209","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=209"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/209\/revisions"}],"predecessor-version":[{"id":234,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/209\/revisions\/234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/233"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}