{"id":2346,"date":"2026-05-02T13:17:14","date_gmt":"2026-05-02T10:17:14","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2346"},"modified":"2026-05-02T13:17:42","modified_gmt":"2026-05-02T10:17:42","slug":"glcvy-2026-03-faaliyet-raporu-analizi-gelecek-varlk-ynetimi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2346","title":{"rendered":"\ud83d\udd35 GLCVY 2026-03 Faaliyet Raporu Analizi | Gelecek Varl\u0131k Y\u00f6netimi"},"content":{"rendered":"<h1>Gelecek Varl\u0131k Y\u00f6netimi A.\u015e. 31 Mart 2026 Faaliyet Raporu Bilgilendirme Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Gelecek Varl\u0131k Y\u00f6netimi A.\u015e.&#8217;nin (&#8220;\u015eirket&#8221;) 1 Ocak 2026 \u2013 31 Mart 2026 d\u00f6nemine ait faaliyetlerini ve finansal performans\u0131n\u0131 analiz etmektedir. \u015eirket, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde stratejik hedefleriyle uyumlu olarak b\u00fcy\u00fcmesini s\u00fcrd\u00fcrm\u00fc\u015f, karl\u0131l\u0131k oranlar\u0131n\u0131 art\u0131rm\u0131\u015f ve kurumsal y\u00f6netim standartlar\u0131n\u0131 g\u00fc\u00e7lendirmi\u015ftir.<\/p>\n<p><b>\u00d6ne \u00c7\u0131kan Temel Geli\u015fmeler:<\/b><\/p>\n<ul>\n<li><b>G\u00fc\u00e7l\u00fc Tahsilat Performans\u0131:<\/b> Tahsilatlar ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %21,4 art\u0131\u015fla 1,5 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Karl\u0131l\u0131k ve FAV\u00d6K Art\u0131\u015f\u0131:<\/b> Net kar %14,5 art\u0131\u015fla 402,5 milyon TL olarak ger\u00e7ekle\u015fmi\u015f; FAV\u00d6K ise %28,5 art\u0131\u015fla 861,9 milyon TL seviyesine y\u00fckselmi\u015ftir.<\/li>\n<li><b>Temett\u00fc Da\u011f\u0131t\u0131m\u0131:<\/b> 2025 y\u0131l\u0131 kar\u0131ndan 350 milyon TL br\u00fct temett\u00fc da\u011f\u0131t\u0131m\u0131 ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<li><b>Kredi Notu Ba\u015far\u0131s\u0131:<\/b> Turkrating taraf\u0131ndan uzun vadeli ulusal kredi notu &#8220;TR AA+&#8221; olarak teyit edilmi\u015f ve g\u00f6r\u00fcn\u00fcm &#8220;Pozitif&#8221; olarak belirlenmi\u015ftir.<\/li>\n<li><b>Sermaye Tavan\u0131 Art\u0131r\u0131m\u0131:<\/b> Kay\u0131tl\u0131 sermaye tavan\u0131 630 milyon TL&#8217;den 2 milyar TL&#8217;ye y\u00fckseltilmi\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>1. Kurumsal Profil ve Operasyonel Kapsam<\/h2>\n<p>Gelecek Varl\u0131k Y\u00f6netimi A.\u015e., BDDK izniyle 3 A\u011fustos 2018 tarihinde kurulmu\u015f olup, Kas\u0131m 2018&#8217;de G\u00fcven Varl\u0131k Y\u00f6netimi A.\u015e. ile kolayla\u015ft\u0131r\u0131lm\u0131\u015f birle\u015fme h\u00fck\u00fcmlerine g\u00f6re birle\u015fmi\u015ftir.<\/p>\n<h3>Faaliyet Konular\u0131<\/h3>\n<p>\u015eirketin temel operasyonel yetkinlikleri \u015funlar\u0131 kapsamaktad\u0131r:<\/p>\n<ul>\n<li>Banka ve mali kurumlardan tahsili gecikmi\u015f alacaklar\u0131n (TGA) ve di\u011fer varl\u0131klar\u0131n sat\u0131n al\u0131nmas\u0131.<\/li>\n<li>Sat\u0131n al\u0131nan alacaklar\u0131n tahsili, yeniden yap\u0131land\u0131r\u0131lmas\u0131 veya nakde \u00e7evrilmesi.<\/li>\n<li>Bor\u00e7lulara ilave finansman sa\u011flanmas\u0131 ve kurumsal\/finansal yeniden yap\u0131land\u0131rma dan\u0131\u015fmanl\u0131\u011f\u0131.<\/li>\n<li>Alacak tahsili amac\u0131yla edinilen gayrimenkullerin i\u015fletilmesi ve yat\u0131r\u0131ma d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesi.<\/li>\n<\/ul>\n<h3>Personel Yap\u0131s\u0131<\/h3>\n<p>31 Mart 2026 itibar\u0131yla \u015eirket b\u00fcnyesinde 571 tam zamanl\u0131 ve 6 yar\u0131 zamanl\u0131 olmak \u00fczere toplam <b>577 personel<\/b> g\u00f6rev yapmaktad\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>2. Finansal Performans Analizi<\/h2>\n<p>\u015eirket, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde operasyonel verimlili\u011fini art\u0131r\u0131rken giderlerini kontrol alt\u0131nda tutmay\u0131 ba\u015farm\u0131\u015ft\u0131r.<\/p>\n<h3>Temel Finansal G\u00f6stergeler (Bin TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31.03.2026<\/td>\n<td>31.03.2025<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Tahsilat<\/b><\/td>\n<td>1.500.000<\/td>\n<td>1.300.000<\/td>\n<td>+%21,4<\/td>\n<\/tr>\n<tr>\n<td><b>Faaliyet Br\u00fct Kar\u0131<\/b><\/td>\n<td>1.634.201<\/td>\n<td>1.360.506<\/td>\n<td>+%20,1<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00fczeltilmi\u015f FAV\u00d6K<\/b><\/td>\n<td>861.899<\/td>\n<td>670.738*<\/td>\n<td>+%28,5<\/td>\n<\/tr>\n<tr>\n<td><b>Net Kar<\/b><\/td>\n<td>402.500<\/td>\n<td>351.639<\/td>\n<td>+%14,5<\/td>\n<\/tr>\n<tr>\n<td><b>Di\u011fer Faaliyet Giderleri<\/b><\/td>\n<td>245.730<\/td>\n<td>259.378<\/td>\n<td>-%5,3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>*Kaynak verilerde 2025 FAV\u00d6K art\u0131\u015f oran\u0131 %28,5 olarak belirtilmi\u015ftir.<\/i><\/p>\n<h3>Varl\u0131k ve Kaynak Yap\u0131s\u0131<\/h3>\n<ul>\n<li><b>Toplam Aktifler:<\/b> 10,97 milyar TL (31.12.2025&#8217;e g\u00f6re yakla\u015f\u0131k %9,7 art\u0131\u015f).<\/li>\n<li><b>Net Krediler (Sat\u0131n Al\u0131nan Alacaklar):<\/b> 9,56 milyar TL.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 4,24 milyar TL.<\/li>\n<li><b>Bor\u00e7\/\u00d6zkaynak Oran\u0131:<\/b> %113,44 seviyesinde ger\u00e7ekle\u015ferek ge\u00e7en y\u0131l sonundaki %115,30 seviyesine g\u00f6re iyile\u015fme g\u00f6stermi\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>3. Yat\u0131r\u0131m ve Ar-Ge Faaliyetleri<\/h2>\n<p>\u015eirket, operasyonel h\u0131z ve raporlama kalitesini art\u0131rmak amac\u0131yla teknolojik altyap\u0131s\u0131na yat\u0131r\u0131m yapmaya devam etmektedir.<\/p>\n<ul>\n<li><b>Duran Varl\u0131k Yat\u0131r\u0131mlar\u0131:<\/b> 2026 y\u0131l\u0131nda yap\u0131lan 9,2 milyon TL&#8217;lik yat\u0131r\u0131m\u0131n b\u00fcy\u00fck k\u0131sm\u0131 BT ekipmanlar\u0131 (5,4 milyon TL) ve yaz\u0131l\u0131m\/lisans al\u0131mlar\u0131ndan (2,3 milyon TL) olu\u015fmaktad\u0131r.<\/li>\n<li><b>Yaz\u0131l\u0131m ve \u0130\u015f Zekas\u0131:<\/b> Proje Y\u00f6netimi ve Yaz\u0131l\u0131m Birimi, Hukuk Takip Sistemi \u00fczerinde \u00e7al\u0131\u015fmaktad\u0131r. \u00c7oklu veri y\u00f6netimi i\u00e7in <b>Qliksense<\/b> i\u015f zekas\u0131 uygulamas\u0131 lisanslanm\u0131\u015ft\u0131r.<\/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. Y\u00f6netim Kurulu ve Kurumsal Y\u00f6neti\u015fim<\/h2>\n<p>\u015eirket, Fiba Grubu i\u015ftiraki olup Murat \u00d6zye\u011fin liderli\u011finde y\u00f6netilmektedir.<\/p>\n<h3>Y\u00f6netim Yap\u0131s\u0131 ve Komiteler<\/h3>\n<p>Y\u00f6netim Kurulu 6 \u00fcyeden (2 kad\u0131n \u00fcye) olu\u015fmaktad\u0131r. Kurumsal y\u00f6netim ilkeleri do\u011frultusunda a\u015fa\u011f\u0131daki komiteler aktif olarak faaliyet g\u00f6stermektedir:<\/p>\n<ul>\n<li>Denetimden Sorumlu Komite<\/li>\n<li>Kurumsal Y\u00f6netim Komitesi (Aday G\u00f6sterme g\u00f6revini de \u00fcstlenmektedir)<\/li>\n<li>Riskin Erken Saptanmas\u0131 Komitesi<\/li>\n<li>\u00dccret Komitesi<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik Komitesi:<\/b> 20 Ekim 2025&#8217;te kurulan bu komite, ESG (\u00c7evresel, Sosyal ve Y\u00f6neti\u015fim) standartlar\u0131na uyumu denetlemektedir.<\/li>\n<\/ul>\n<h3>\u0130\u00e7 Kontrol ve Risk Y\u00f6netimi<\/h3>\n<p>\u015eirket, ISO 27001 Bilgi G\u00fcvenli\u011fi Sertifikas\u0131&#8217;na sahiptir. Mevcut \u0130\u00e7 Kontrol Birimi&#8217;ne ek olarak, BDDK y\u00f6netmelikleri uyar\u0131nca Y\u00f6netim Kurulu&#8217;na ba\u011fl\u0131 bir <b>Risk Y\u00f6netimi Birimi<\/b> kurulmu\u015ftur. \u0130\u015f s\u00fcreklili\u011fi i\u00e7in ola\u011fan\u00fcst\u00fc durum merkezi yat\u0131r\u0131mlar\u0131 tamamlanm\u0131\u015ft\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>5. Stratejik Geli\u015fmeler ve Kar Pay\u0131 Da\u011f\u0131t\u0131m\u0131<\/h2>\n<p>2026 y\u0131l\u0131 ba\u015f\u0131nda al\u0131nan \u00f6nemli kurumsal kararlar \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Temett\u00fc:<\/b> 13 Nisan 2026&#8217;da ba\u015flayan s\u00fcre\u00e7le, 2025 y\u0131l\u0131 net d\u00f6nem kar\u0131n\u0131n %23\u2019\u00fcne tekab\u00fcl eden <b>350 milyon TL<\/b> br\u00fct temett\u00fc da\u011f\u0131t\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kay\u0131tl\u0131 Sermaye:<\/b> Esas s\u00f6zle\u015fme tadili ile kay\u0131tl\u0131 sermaye tavan\u0131 <b>2.000.000.000 TL<\/b>&#8216;ye y\u00fckseltilmi\u015f ve ge\u00e7erlilik s\u00fcresi 2030 y\u0131l\u0131na kadar uzat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Pay Geri Al\u0131m\u0131:<\/b> 22.04.2025 tarihinde ba\u015flat\u0131lan &#8220;Pay Geri Al\u0131m Program\u0131&#8221;, 9 Nisan 2026 tarihli Genel Kurul karar\u0131yla sonland\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Ba\u011f\u0131ms\u0131z Denetim:<\/b> 2026 y\u0131l\u0131 denetim faaliyetleri i\u00e7in <b>Deloitte (DRT)<\/b> se\u00e7ilmi\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>6. Gelecek Beklentileri ve G\u00f6r\u00fcn\u00fcm<\/h2>\n<p>Gelecek Varl\u0131k, 2026 y\u0131l\u0131nda yeni portf\u00f6y al\u0131mlar\u0131 ger\u00e7ekle\u015ftirerek b\u00fcy\u00fcme stratejisini ba\u015far\u0131yla uygulam\u0131\u015ft\u0131r. Turkrating taraf\u0131ndan sa\u011flanan &#8220;Pozitif&#8221; g\u00f6r\u00fcn\u00fcm, \u015eirket&#8217;in finansal yap\u0131s\u0131n\u0131n ve tahsilat kapasitesinin piyasa ko\u015fullar\u0131 i\u00e7erisindeki g\u00fcc\u00fcn\u00fc teyit etmektedir. \u015eirket, hem kurumsal y\u00f6netim hem de s\u00fcrd\u00fcr\u00fclebilirlik ilkelerine uyum konusunda \u00e7al\u0131\u015fmalar\u0131n\u0131 ileri seviyeye ta\u015f\u0131ma hedefindedir.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"2346\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Gelecek Varl\u0131k, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde hem tahsilat hem de k\u00e2rl\u0131l\u0131k rekorlar\u0131yla b\u00fcy\u00fcmesini s\u00fcrd\u00fcr\u00fcyor. Net k\u00e2r\u0131n\u0131 %14,5 art\u0131ran ve yat\u0131r\u0131mc\u0131lar\u0131na 350 milyon TL temett\u00fc da\u011f\u0131tan \u015firketin, operasyonel verimlilik ve g\u00fc\u00e7l\u00fc kredi notuyla desteklenen finansal performans\u0131n\u0131n detaylar\u0131n\u0131 bu yaz\u0131m\u0131zda inceliyoruz. Sekt\u00f6rdeki lider konumunu peki\u015ftiren Gelecek Varl\u0131k&#8217;\u0131n 2026 vizyonuna dair t\u00fcm veriler burada.<\/p>\n","protected":false},"author":2,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[53],"class_list":["post-2346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-glcvy"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2346","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=2346"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2346\/revisions"}],"predecessor-version":[{"id":2347,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2346\/revisions\/2347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1297"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}