{"id":2334,"date":"2026-05-02T13:02:07","date_gmt":"2026-05-02T10:02:07","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2334"},"modified":"2026-05-02T13:02:38","modified_gmt":"2026-05-02T10:02:38","slug":"lydye-2026-03-bilano-analizi-lydia-yeil-enerji","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2334","title":{"rendered":"\ud83d\udd34 LYDYE 2026-03 Bilan\u00e7o Analizi | Lydia Ye\u015fil Enerji"},"content":{"rendered":"

Lydia Ye\u015fil Enerji Kaynaklar\u0131 A.\u015e. Finansal Bilgilendirme Raporu (31 Mart 2026)<\/h1>\n

Y\u00f6netici \u00d6zeti<\/h2>\n

Bu belge, Lydia Ye\u015fil Enerji Kaynaklar\u0131 Anonim \u015eirketi\u2019nin (“\u015eirket”) 1 Ocak – 31 Mart 2026 ara hesap d\u00f6nemine ait finansal performans\u0131n\u0131 ve kurumsal yap\u0131s\u0131ndaki stratejik de\u011fi\u015fimleri analiz etmektedir. \u015eirket, g\u0131da sekt\u00f6r\u00fcnden enerji sekt\u00f6r\u00fcne ge\u00e7i\u015fini tamamlam\u0131\u015f ve bu s\u00fcre\u00e7te \u00e7e\u015fitli birle\u015fmeler ger\u00e7ekle\u015ftirmi\u015ftir.<\/p>\n

31 Mart 2026 itibar\u0131yla \u015eirket’in toplam varl\u0131klar\u0131 4.314.353.256 TL<\/b> olarak kaydedilmi\u015ftir; bu tutar 31 Aral\u0131k 2025 tarihindeki 5,08 milyar TL seviyesine k\u0131yasla bir d\u00fc\u015f\u00fc\u015f\u00fc temsil etmektedir. D\u00f6nem, 614.132.063 TL<\/b> net d\u00f6nem zarar\u0131 ile kapat\u0131lm\u0131\u015ft\u0131r. Bu zarar\u0131n temel s\u00fcr\u00fckleyicileri aras\u0131nda br\u00fct sat\u0131\u015f zarar\u0131ndaki art\u0131\u015f ve 409.195.779 TL<\/b> tutar\u0131ndaki net parasal pozisyon kay\u0131plar\u0131 yer almaktad\u0131r. \u015eirket, operasyonel s\u00fcre\u00e7lerini d\u0131\u015f hizmet al\u0131m\u0131 yoluyla y\u00fcr\u00fctmekte olup, mevcut raporlama d\u00f6neminde personel istihdam etmemi\u015ftir.<\/p>\n

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1. Kurumsal Organizasyon ve Stratejik D\u00f6n\u00fc\u015f\u00fcm<\/h2>\n

\u015eirket\u2019in tarihsel geli\u015fimi ve yap\u0131sal d\u00f6n\u00fc\u015f\u00fcm\u00fc a\u015fa\u011f\u0131daki ana ba\u015fl\u0131klar alt\u0131nda \u00f6zetlenmi\u015ftir:<\/p>\n

    \n
  • Kurulu\u015f ve Unvan De\u011fi\u015fimi:<\/b> 2009 y\u0131l\u0131nda Ankara’da “Taze Kuru G\u0131da \u0130n\u015f. \u0130th. \u0130hr. San. Tic. Ltd. \u015eti.” unvan\u0131yla kurulmu\u015ftur. 2024 y\u0131l\u0131nda enerji sekt\u00f6r\u00fcne odaklanma karar\u0131 al\u0131narak unvan\u0131 “Lydia Ye\u015fil Enerji Kaynaklar\u0131 Anonim \u015eirketi” olarak de\u011fi\u015ftirilmi\u015ftir.<\/li>\n
  • Birle\u015fme S\u00fcre\u00e7leri:<\/b>\n
      \n
    • Eyl\u00fcl 2024’te MYK2 Enerji Elektrik \u0130n\u015faat Taah. San. ve Tic. A.\u015e. devral\u0131nm\u0131\u015ft\u0131r.<\/li>\n
    • Haziran 2025’te ise Birinci Enerji ve Taze Kuru Net \u015firketleri kolayla\u015ft\u0131r\u0131lm\u0131\u015f usulde birle\u015fme yoluyla b\u00fcnyeye kat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n
    • Faaliyet Konusu:<\/b> Ana faaliyet alan\u0131, her t\u00fcrl\u00fc yer alt\u0131 ve yer \u00fcst\u00fc enerji kaynaklar\u0131ndan (g\u00fcne\u015f, hidrojen, r\u00fczgar vb.) faydalanarak elektrik ve \u0131s\u0131 enerjisi \u00fcretimi, tesisi kurma ve bu enerjinin sat\u0131\u015f\u0131 olarak tan\u0131mlanm\u0131\u015ft\u0131r.<\/li>\n
    • Operasyonel Yap\u0131:<\/b> \u015eirket b\u00fcnyesinde 31 Mart 2026 itibar\u0131yla \u00e7al\u0131\u015fan bulunmamaktad\u0131r. Operasyonel, teknik ve mevzuat gereklilikleri, ana ortakl\u0131k olan Lydia Holding A.\u015e.<\/b> ba\u015fta olmak \u00fczere d\u0131\u015f hizmet al\u0131m\u0131 yoluyla kar\u015f\u0131lanmaktad\u0131r.<\/li>\n<\/ul>\n

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      2. Finansal Durum Analizi<\/h2>\n

      \u015eirket\u2019in finansal durumu, y\u00fcksek enflasyonlu ekonomilerde raporlama esaslar\u0131na (TMS 29) g\u00f6re 31 Mart 2026 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fc \u00fczerinden d\u00fczenlenmi\u015ftir.<\/p>\n

      Varl\u0131k Yap\u0131s\u0131<\/h3>\n\n\n\n\n\n\n\n\n\n\n
      Varl\u0131k Grubu<\/td>\n31.03.2026 (TL)<\/td>\n31.12.2025 (TL)<\/td>\n<\/tr>\n
      Toplam D\u00f6nen Varl\u0131klar<\/b><\/td>\n38.966.237<\/b><\/td>\n36.669.276<\/b><\/td>\n<\/tr>\n
      – Finansal Yat\u0131r\u0131mlar (K\u0131sa Vadeli)<\/td>\n25.313.961<\/td>\n23.597.220<\/td>\n<\/tr>\n
      – Ticari Alacaklar (Enerjisa Ba\u015fkent)<\/td>\n8.227.956<\/td>\n7.291.642<\/td>\n<\/tr>\n
      Toplam Duran Varl\u0131klar<\/b><\/td>\n4.275.387.019<\/b><\/td>\n5.039.956.309<\/b><\/td>\n<\/tr>\n
      – Finansal Yat\u0131r\u0131mlar (Hisse Senetleri)<\/td>\n3.779.970.000<\/td>\n4.511.721.568<\/td>\n<\/tr>\n
      – Maddi Duran Varl\u0131klar<\/td>\n495.411.930<\/td>\n528.229.142<\/td>\n<\/tr>\n
      TOPLAM VARLIKLAR<\/b><\/td>\n4.314.353.256<\/b><\/td>\n5.076.625.585<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
        \n
      • Finansal Yat\u0131r\u0131mlar:<\/b> Duran varl\u0131klar i\u00e7indeki en b\u00fcy\u00fck kalem, Ufuk Yat\u0131r\u0131m Y\u00f6netim ve Gayrimenkul A.\u015e. hisselerinden olu\u015fmaktad\u0131r. Bu hisselerin de\u011ferinde d\u00f6nem i\u00e7inde 320 milyon TL’lik bir azal\u0131\u015f kaydedilmi\u015f, TMS 29 enflasyon d\u00fczeltmesi ise 411,7 milyon TL negatif etki yaratm\u0131\u015ft\u0131r.<\/li>\n
      • Maddi Duran Varl\u0131klar:<\/b> Bu kalem alt\u0131nda G\u00fcne\u015f Enerjisi Santralleri (GES) makine, tesis ve cihazlar\u0131 ile bu santrallerin kurulu oldu\u011fu arsalar yer almaktad\u0131r. GES yat\u0131r\u0131mlar\u0131 \u00fczerinde 5.000.000 USD<\/b> tutar\u0131nda sigorta teminat\u0131 bulunmaktad\u0131r.<\/li>\n<\/ul>\n

        Kaynak Yap\u0131s\u0131 ve \u00d6zkaynaklar<\/h3>\n

        \u015eirket\u2019in toplam kaynaklar\u0131n\u0131n 3,28 milyar TL<\/b>‘si \u00f6zkaynaklardan, 1,03 milyar TL<\/b>‘si ise uzun vadeli y\u00fck\u00fcml\u00fcl\u00fcklerden (tamam\u0131 ertelenmi\u015f vergi y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc) olu\u015fmaktad\u0131r. \u00d6zkaynaklar, bir \u00f6nceki y\u0131l sonuna g\u00f6re yakla\u015f\u0131k 625 milyon TL azalm\u0131\u015ft\u0131r.<\/p>\n

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        3. Kar veya Zarar Analizi<\/h2>\n

        2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ayl\u0131k d\u00f6neminde \u015eirket’in karl\u0131l\u0131k g\u00f6stergeleri ciddi bir bask\u0131 alt\u0131nda kalm\u0131\u015ft\u0131r.<\/p>\n\n\n\n\n\n\n\n\n\n
        Kalem<\/td>\n01.01.2026-31.03.2026 (TL)<\/td>\n01.01.2025-31.03.2025 (TL)<\/td>\n<\/tr>\n
        Has\u0131lat<\/td>\n10.022.256<\/td>\n12.082.746<\/td>\n<\/tr>\n
        Sat\u0131\u015flar\u0131n Maliyeti<\/td>\n(29.334.928)<\/td>\n(9.069.623)<\/td>\n<\/tr>\n
        Br\u00fct Kar \/ Zarar<\/b><\/td>\n(19.312.672)<\/b><\/td>\n3.013.123<\/b><\/td>\n<\/tr>\n
        Faaliyet Kar\u0131 \/ Zarar\u0131<\/td>\n(31.999.143)<\/td>\n4.123.540<\/td>\n<\/tr>\n
        Net Parasal Pozisyon Kay\u0131plar\u0131<\/td>\n(409.195.779)<\/td>\n(171.026.962)<\/td>\n<\/tr>\n
        Net D\u00f6nem Kar\u0131 \/ Zarar\u0131<\/b><\/td>\n(614.132.063)<\/b><\/td>\n472.077.942<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
          \n
        • Has\u0131lat ve Maliyet:<\/b> Has\u0131lat bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re d\u00fc\u015ferken, sat\u0131\u015flar\u0131n maliyeti yakla\u015f\u0131k \u00fc\u00e7 kat\u0131na \u00e7\u0131karak 29,3 milyon TL’ye ula\u015fm\u0131\u015ft\u0131r. Bu durum 19,3 milyon TL br\u00fct zarar ile sonu\u00e7lanm\u0131\u015ft\u0131r.<\/li>\n
        • Enflasyon Etkisi:<\/b> “Net Parasal Pozisyon Kazan\u00e7lar\u0131\/Kay\u0131plar\u0131” kalemi, y\u00fcksek enflasyonun etkisiyle 409,2 milyon TL zarar olarak kaydedilmi\u015ftir ve d\u00f6nem zarar\u0131n\u0131n temel nedenidir.<\/li>\n
        • Yat\u0131r\u0131m Faaliyetleri:<\/b> Yat\u0131r\u0131m faaliyetlerinden 311,1 milyon TL gider kaydedilmi\u015ftir.<\/li>\n<\/ul>\n

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          4. Muhasebe Politikalar\u0131 ve Gelecek Beklentiler<\/h2>\n

          Uygulanan Muhasebe Esaslar\u0131<\/h3>\n
            \n
          • TMS 29 (Y\u00fcksek Enflasyon):<\/b> Finansal tablolar, T\u00dc\u0130K taraf\u0131ndan yay\u0131nlanan T\u00fcketici Fiyat Endeksi (T\u00dcFE) kullan\u0131larak d\u00fczeltilmi\u015ftir. 31 Mart 2026 i\u00e7in endeks 3.866,74; d\u00fczeltme katsay\u0131s\u0131 1,0000 olarak al\u0131nm\u0131\u015ft\u0131r.<\/li>\n
          • Yeniden De\u011ferleme:<\/b> \u015eirket, binalar ve yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkuller i\u00e7in yeniden de\u011ferleme modelini kullanmaktad\u0131r.<\/li>\n<\/ul>\n

            Gelecekte Y\u00fcr\u00fcrl\u00fc\u011fe Girecek Standartlar<\/h3>\n
              \n
            • TFRS 18 (Finansal Tablolarda Sunum):<\/b> 1 Ocak 2027’den itibaren ge\u00e7erli olacak bu standart, k\u00e2r veya zarar tablosunun yap\u0131s\u0131n\u0131 de\u011fi\u015ftirerek gelir ve giderlerin be\u015f ana kategoride s\u0131n\u0131fland\u0131r\u0131lmas\u0131n\u0131 zorunlu k\u0131lacakt\u0131r.<\/li>\n
            • Do\u011fal Kaynaklardan \u00dcretilen Elektrik S\u00f6zle\u015fmeleri:<\/b> TFRS 9 ve TFRS 7’de yap\u0131lan de\u011fi\u015fikliklerle, Yenilenebilir Enerji Tedarik Antla\u015fmalar\u0131 (YETA) i\u00e7in “kendi i\u00e7in kullan\u0131m” muafiyeti ve korunma muhasebesi rehberli\u011fi getirilmi\u015ftir. \u015eirket bu de\u011fi\u015fikliklerin etkilerini de\u011ferlendirmektedir.<\/li>\n<\/ul>\n

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              5. \u00d6nemli Notlar ve A\u00e7\u0131klamalar<\/h2>\n
                \n
              • \u0130li\u015fkili Taraflar:<\/b> \u015eirket; Lydia Holding A.\u015e., Ufuk Yat\u0131r\u0131m, Bulls Yat\u0131r\u0131m Holding ve Lydia Enerji gibi grup \u015firketleriyle ili\u015fkilidir.<\/li>\n
              • Ticari Alacak\/Bor\u00e7 Oda\u011f\u0131:<\/b> K\u0131sa vadeli ticari alacaklar\u0131n tamam\u0131 ve ticari bor\u00e7lar\u0131n \u00e7ok b\u00fcy\u00fck bir k\u0131sm\u0131 Enerjisa Ba\u015fkent Elektrik Perakende Sat\u0131\u015f A.\u015e.<\/b> ile yap\u0131lan i\u015flemlerden kaynaklanmaktad\u0131r.<\/li>\n
              • Nakit Ak\u0131\u015f\u0131:<\/b> \u0130\u015fletme faaliyetlerinden kaynaklanan nakit ak\u0131\u015f\u0131 81.271 TL negatif ger\u00e7ekle\u015fmi\u015ftir. D\u00f6nem sonu nakit mevcudu 13.913 TL’dir.<\/li>\n
              • Dava ve Kar\u015f\u0131l\u0131klar:<\/b> \u015eirket y\u00f6netimi, olas\u0131 dava riskleri i\u00e7in hukuk m\u00fc\u015favirleri g\u00f6r\u00fc\u015fleri do\u011frultusunda en iyi tahminlerine dayanarak kar\u015f\u0131l\u0131k ay\u0131rmaktad\u0131r.<\/li>\n<\/ul>\n