{"id":2338,"date":"2026-05-02T13:04:48","date_gmt":"2026-05-02T10:04:48","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2338"},"modified":"2026-05-02T13:05:20","modified_gmt":"2026-05-02T10:05:20","slug":"lilak-2026-03-bilano-analizi-lila-kat-sanayi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2338","title":{"rendered":"\ud83d\udd34 LILAK 2026-03 Bilan\u00e7o Analizi | Lila Ka\u011f\u0131t Sanayi"},"content":{"rendered":"<h1>Lila Ka\u011f\u0131t Sanayi ve Ticaret A.\u015e. 31 Mart 2026 Ara Hesap D\u00f6nemi Bilgilendirme Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Lila Ka\u011f\u0131t Sanayi ve Ticaret A.\u015e. ve ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Lila Paper Swiss AG&#8217;nin (birlikte &#8220;Grup&#8221;) 31 Mart 2026 tarihinde sona eren \u00fc\u00e7 ayl\u0131k ara hesap d\u00f6nemine ait finansal tablolar\u0131n\u0131n ve operasyonel performans\u0131n\u0131n kapsaml\u0131 bir sentezidir. Finansal veriler, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 uyar\u0131nca 31 Mart 2026 tarihindeki sat\u0131n alma g\u00fcc\u00fc cinsinden ifade edilmi\u015ftir.<\/p>\n<p>Grup, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde <b>3.189.712 bin TL<\/b> has\u0131lat elde etmi\u015f, ancak enflasyon muhasebesi uygulamalar\u0131 ve parasal pozisyon kay\u0131plar\u0131n\u0131n etkisiyle <b>142.397 bin TL<\/b> net d\u00f6nem zarar\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131r. Toplam varl\u0131klar\u0131 <b>21.141.620 bin TL<\/b> seviyesinde seyreden Grup, \u00f6zellikle Erzurum ve Ergene tesislerine y\u00f6nelik b\u00fcy\u00fck \u00f6l\u00e7ekli yat\u0131r\u0131m harcamalar\u0131na ve 900 milyon TL&#8217;nin \u00fczerindeki k\u00e2r pay\u0131 da\u011f\u0131t\u0131m karar\u0131na odaklanm\u0131\u015ft\u0131r.<\/p>\n<h2>Kurumsal Yap\u0131 ve Faaliyet Alanlar\u0131<\/h2>\n<p>1984 y\u0131l\u0131nda kurulan Lila Ka\u011f\u0131t Sanayi ve Ticaret A.\u015e., T\u00fcrkiye merkezli olup bobin k\u00e2\u011f\u0131t ve konverting \u00fcr\u00fcn (temizlik k\u00e2\u011f\u0131d\u0131) \u00fcretimi ve sat\u0131\u015f\u0131 alan\u0131nda faaliyet g\u00f6stermektedir.<\/p>\n<ul>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131k:<\/b> Grubun tek ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan \u0130svi\u00e7re merkezli <b>Lila Paper Swiss AG<\/b>, d\u0131\u015f ticaret faaliyetlerini y\u00fcr\u00fctmekte, hammadde ithalat\u0131 ve mamul ihracat\u0131na ili\u015fkin hizmetler sunmaktad\u0131r.<\/li>\n<li><b>Yan Faaliyetler:<\/b> Ana faaliyet konusuna ek olarak iplik boyama ve enerji \u00fcretimi de Grubun operasyonel spektrumunda yer almaktad\u0131r.<\/li>\n<li><b>\u0130stihdam:<\/b> 31 Mart 2026 itibar\u0131yla Grup b\u00fcnyesinde istihdam edilen personel say\u0131s\u0131 982&#8217;dir (31 Aral\u0131k 2025: 994).<\/li>\n<\/ul>\n<h2>Finansal Performans Analizi<\/h2>\n<p>Grubun 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011findeki operasyonel sonu\u00e7lar\u0131, \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemiyle kar\u015f\u0131la\u015ft\u0131rmal\u0131 olarak a\u015fa\u011f\u0131da sunulmu\u015ftur:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal G\u00f6sterge (Bin TL)<\/td>\n<td>1 Ocak &#8211; 31 Mart 2026<\/td>\n<td>1 Ocak &#8211; 31 Mart 2025<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>3.189.712<\/td>\n<td>3.945.483<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>1.015.504<\/td>\n<td>1.200.256<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>510.333<\/td>\n<td>838.044<\/td>\n<\/tr>\n<tr>\n<td><b>Vergi \u00d6ncesi (Zarar) \/ K\u00e2r<\/b><\/td>\n<td>(116.554)<\/td>\n<td>132.638<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Zarar\u0131<\/b><\/td>\n<td>(142.397)<\/td>\n<td>(1.206)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Gelir Analizi ve Sat\u0131\u015f K\u0131r\u0131l\u0131m\u0131<\/h3>\n<p>Toplam has\u0131lat\u0131n b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131 ihracat faaliyetleri olu\u015fturmaktad\u0131r:<\/p>\n<ul>\n<li><b>Yurtd\u0131\u015f\u0131 Sat\u0131\u015flar:<\/b> 2.120.369 bin TL (Toplam sat\u0131\u015flar\u0131n yakla\u015f\u0131k %66&#8217;s\u0131).<\/li>\n<li><b>Yurti\u00e7i Sat\u0131\u015flar:<\/b> 1.069.343 bin TL.<\/li>\n<li><b>\u00dcr\u00fcn Bazl\u0131 Da\u011f\u0131l\u0131m:<\/b> Bobin k\u00e2\u011f\u0131t sat\u0131\u015flar\u0131 1.770.834 bin TL ile liderli\u011fini s\u00fcrd\u00fcr\u00fcrken, konverting \u00fcr\u00fcn sat\u0131\u015flar\u0131 1.268.057 bin TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h3>Zarar\u0131n Temel Nedenleri<\/h3>\n<p>D\u00f6nem zarar\u0131n\u0131n olu\u015fmas\u0131ndaki en kritik fakt\u00f6r, <b>820.660 bin TL<\/b> tutar\u0131ndaki <b>net parasal pozisyon kayb\u0131d\u0131r<\/b>. Bu kalem, enflasyon muhasebesi (TMS 29) kapsam\u0131nda parasal varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerin sat\u0131n alma g\u00fcc\u00fcndeki de\u011fi\u015fimden kaynaklanan kay\u0131plar\u0131 temsil etmektedir.<\/p>\n<h2>Finansal Durum ve Varl\u0131k Yap\u0131s\u0131<\/h2>\n<p>31 Mart 2026 itibar\u0131yla Grubun toplam varl\u0131klar\u0131 <b>21.141.620 bin TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<ul>\n<li><b>D\u00f6nen Varl\u0131klar (11.426.816 bin TL):<\/b> Nakit ve nakit benzerleri 5.604.634 bin TL ile likiditenin ana kayna\u011f\u0131n\u0131 olu\u015fturmaktad\u0131r. Ticari alacaklar ise 3.381.515 bin TL seviyesindedir.<\/li>\n<li><b>Duran Varl\u0131klar (9.714.804 bin TL):<\/b> Maddi duran varl\u0131klar 8.315.666 bin TL ile bu grubun en b\u00fcy\u00fck kalemidir.<\/li>\n<li><b>Stok Y\u00f6netimi:<\/b> Toplam stoklar 1.655.397 bin TL olup, bu tutar\u0131n 744.392 bin TL&#8217;si mamul, 376.292 bin TL&#8217;si ise ilk madde ve malzemeden olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h2>Yat\u0131r\u0131mlar ve Gelecek Stratejisi<\/h2>\n<p>Grup, \u00fcretim kapasitesini ve verimlili\u011fini art\u0131rmak amac\u0131yla yo\u011fun bir yat\u0131r\u0131m d\u00f6neminden ge\u00e7mektedir:<\/p>\n<ol>\n<li><b>Erzurum \u00dcretim Tesisi:<\/b> Uzun vadeli pe\u015fin \u00f6denmi\u015f giderler alt\u0131nda yer alan yat\u0131r\u0131m avanslar\u0131n\u0131n <b>1,1 milyar TL&#8217;lik<\/b> k\u0131sm\u0131 Erzurum \u00fcretim tesisi yat\u0131r\u0131mlar\u0131 i\u00e7in tahsis edilmi\u015ftir.<\/li>\n<li><b>Ergene \u00dcretim Tesisi:<\/b> Di\u011fer yat\u0131r\u0131m avanslar\u0131 Ergene tesisindeki devam eden modernizasyon ve geni\u015fleme \u00e7al\u0131\u015fmalar\u0131na y\u00f6nlendirilmi\u015ftir.<\/li>\n<li><b>Hammadde Tedari\u011fi:<\/b> K\u0131sa vadeli avanslar kapsam\u0131nda sel\u00fcloz al\u0131mlar\u0131 i\u00e7in 170 milyon TL, elektrik da\u011f\u0131t\u0131m anla\u015fmalar\u0131 i\u00e7in 31,5 milyon TL \u00f6deme yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ol>\n<h2>Bor\u00e7luluk, \u00d6zkaynaklar ve Kar Pay\u0131 Da\u011f\u0131t\u0131m\u0131<\/h2>\n<h3>\u00d6zkaynak Yap\u0131s\u0131<\/h3>\n<p>Toplam \u00f6zkaynaklar 16.816.639 bin TL&#8217;dir. Sermaye yap\u0131s\u0131nda <b>590.000 bin TL<\/b> \u00f6denmi\u015f sermaye ve <b>4.759.369 bin TL<\/b> sermaye d\u00fczeltme farklar\u0131 bulunmaktad\u0131r.<\/p>\n<h3>Kar Pay\u0131 (Temett\u00fc) Karar\u0131<\/h3>\n<p>24 Mart 2026 tarihli Ola\u011fan Genel Kurul toplant\u0131s\u0131nda, 2025 y\u0131l\u0131 k\u00e2r\u0131ndan <b>900.025 bin TL<\/b> tutar\u0131nda br\u00fct k\u00e2r pay\u0131 da\u011f\u0131t\u0131lmas\u0131 onaylanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>\u00d6deme Tarihi:<\/b> 6 Temmuz 2026.<\/li>\n<li><b>Hisse Ba\u015f\u0131na \u00d6deme:<\/b> 1,00 TL nominal de\u011ferli hisse ba\u015f\u0131na br\u00fct 1,5254 TL.<\/li>\n<\/ul>\n<h3>Y\u00fck\u00fcml\u00fcl\u00fckler<\/h3>\n<ul>\n<li><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler (3.142.630 bin TL):<\/b> Ticari bor\u00e7lar 1.534.401 bin TL ile en b\u00fcy\u00fck kalemi olu\u015fturmaktad\u0131r. Ayr\u0131ca, ortaklara bor\u00e7lar kalemi (temett\u00fc \u00f6demesi nedeniyle) 900.025 bin TL&#8217;dir.<\/li>\n<li><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler (1.182.351 bin TL):<\/b> Banka kredileri 812.593 bin TL ile a\u011f\u0131rl\u0131kl\u0131 finansman kayna\u011f\u0131d\u0131r.<\/li>\n<\/ul>\n<h2>Risk ve Operasyonel Notlar<\/h2>\n<ul>\n<li><b>Finansal Ara\u00e7 Riskleri:<\/b> Grup, kur farklar\u0131ndan kaynaklanan riskleri y\u00f6netmeye \u00e7al\u0131\u015fmaktad\u0131r. \u0130lk \u00e7eyrekte finansman giderleri alt\u0131nda <b>30.136 bin TL<\/b> net kur fark\u0131 gideri kaydedilmi\u015ftir.<\/li>\n<li><b>Sendikal S\u00fcre\u00e7ler:<\/b> Grup, \u00d6ziplik-\u0130\u015f Sendikas\u0131 ile 2026-2028 d\u00f6nemini kapsayan toplu i\u015f s\u00f6zle\u015fmesi imzalam\u0131\u015ft\u0131r. Sel\u00fcloz-\u0130\u015f Sendikas\u0131 ile toplu i\u015f s\u00f6zle\u015fmesi g\u00f6r\u00fc\u015fmeleri ise devam etmektedir.<\/li>\n<li><b>Dava Kar\u015f\u0131l\u0131klar\u0131:<\/b> Grup aleyhine a\u00e7\u0131lan davalar i\u00e7in 12.332 bin TL tutar\u0131nda kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Sigorta Teminat\u0131:<\/b> Sabit k\u0131ymetler \u00fczerindeki toplam sigorta teminat tutar\u0131 22.583.049 bin TL olarak raporlanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2338\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Lila Ka\u011f\u0131t, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fine ait konsolide finansal sonu\u00e7lar\u0131n\u0131 kamuoyuyla payla\u015ft\u0131. Enflasyon muhasebesi etkilerinin hissedildi\u011fi bu d\u00f6nemde \u015firket, g\u00fc\u00e7l\u00fc ihracat performans\u0131n\u0131 korurken Erzurum&#8217;daki stratejik fabrika yat\u0131r\u0131m\u0131nda da \u00f6nemli bir a\u015fama kaydetti. Yat\u0131r\u0131m te\u015fvik s\u00fcresinin uzat\u0131lmas\u0131 ve Temmuz ay\u0131nda \u00f6denecek 900 milyon TL&#8217;lik dev temett\u00fc karar\u0131, \u015firketin gelecek vizyonuna dair kritik ipu\u00e7lar\u0131 veriyor. 2026 ilk \u00e7eyrek verilerinin detayl\u0131 analizi ve operasyonel geli\u015fmeler blog yaz\u0131m\u0131zda.<\/p>\n","protected":false},"author":11,"featured_media":1725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[237],"class_list":["post-2338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-lilak"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2338","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2338"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2338\/revisions"}],"predecessor-version":[{"id":2339,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2338\/revisions\/2339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1725"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}