{"id":2350,"date":"2026-05-02T13:19:49","date_gmt":"2026-05-02T10:19:49","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2350"},"modified":"2026-05-02T13:20:17","modified_gmt":"2026-05-02T10:20:17","slug":"prdgs-2026-03-faaliyet-raporu-analizi-pardus-giriim-sermayesi-yatrm-ortakl","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2350","title":{"rendered":"\ud83d\udd35 PRDGS 2026-03 Faaliyet Raporu Analizi | Pardus Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131"},"content":{"rendered":"<h1>Pardus Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2026 Birinci \u00c7eyrek Finansal Bilgilendirme Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Pardus Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (\u015eirket) 1 Ocak 2026 \u2013 31 Mart 2026 ara hesap d\u00f6nemine ait finansal tablolar\u0131n\u0131 ve operasyonel performans\u0131n\u0131 analiz etmektedir. \u015eirket, raporlama d\u00f6neminde <b>61.738.437 TL net d\u00f6nem zarar\u0131<\/b> a\u00e7\u0131klam\u0131\u015ft\u0131r. Bu zarar, b\u00fcy\u00fck oranda finansal yat\u0131r\u0131mlar\u0131n ger\u00e7e\u011fe uygun de\u011ferlerindeki net azal\u0131\u015flardan kaynaklanmaktad\u0131r.<\/p>\n<p>\u015eirketin toplam varl\u0131klar\u0131 31 Mart 2026 itibar\u0131yla <b>2.440.461.321 TL<\/b> seviyesindedir. Toplam \u00f6zkaynaklar ise <b>2.439.015.994 TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir. D\u00f6nem i\u00e7inde nakit ve nakit benzerleri kaleminde, \u00f6zellikle i\u015fletme faaliyetlerinden kaynaklanan nakit ak\u0131\u015flar\u0131n\u0131n etkisiyle <b>40,1 milyon TL<\/b> seviyesine belirgin bir art\u0131\u015f g\u00f6zlenmi\u015ftir. \u015eirket, mevzuat\u0131n gerektirdi\u011fi portf\u00f6y s\u0131n\u0131rlamalar\u0131na tam uyum sa\u011flamaya devam etmekte olup, giri\u015fim sermayesi yat\u0131r\u0131mlar\u0131n\u0131n toplam portf\u00f6y i\u00e7indeki pay\u0131 %97,01 ile yasal alt s\u0131n\u0131r\u0131n olduk\u00e7a \u00fczerindedir.<\/p>\n<h2>Finansal Durum ve Performans Analizi<\/h2>\n<h3>1. Gelir ve Karl\u0131l\u0131k G\u00f6stergeleri<\/h3>\n<p>\u015eirketin 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011findeki finansal performans\u0131, yat\u0131r\u0131m portf\u00f6y\u00fcndeki de\u011fer de\u011fi\u015fimlerinden do\u011frudan etkilenmi\u015ftir.<\/p>\n<ul>\n<li><b>Has\u0131lat:<\/b> D\u00f6nem has\u0131lat\u0131 negatif <b>(53.640.336) TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir. Bu rakam\u0131n temel bile\u015fenleri \u015f\u00f6yledir:\n<ul>\n<li><b>Hisse Senedi Sat\u0131\u015f Has\u0131lat\u0131 (Net):<\/b> 37.427.259 TL gelir.<\/li>\n<li><b>Finansal Yat\u0131r\u0131mlar Ger\u00e7e\u011fe Uygun De\u011fer Fark\u0131 (Net):<\/b> (91.067.595) TL kay\u0131p.<\/li>\n<\/ul>\n<\/li>\n<li><b>Esas Faaliyet Kar\u0131\/Zarar\u0131:<\/b> \u015eirket, 58.219.980 TL esas faaliyet zarar\u0131 kaydetmi\u015ftir.<\/li>\n<li><b>Net D\u00f6nem Zarar\u0131:<\/b> 61.738.437 TL (\u00d6nceki d\u00f6nem zarar\u0131: 31.975.576 TL).<\/li>\n<li><b>Pay Ba\u015f\u0131na Kazan\u00e7:<\/b> S\u00fcrd\u00fcr\u00fclen faaliyetlerden pay ba\u015f\u0131na zarar <b>0,3150 TL<\/b> olarak hesaplanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>2. Varl\u0131k ve Kaynak Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin bilan\u00e7osu, y\u00fcksek oranda uzun vadeli finansal yat\u0131r\u0131mlardan olu\u015fmaktad\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k Kalemleri<\/td>\n<td>31 Mart 2026 (TL)<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>41.650.494<\/td>\n<td>2.953.837<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>2.398.810.827<\/td>\n<td>2.499.045.747<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>2.440.461.321<\/b><\/td>\n<td><b>2.501.999.584<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>1.080.568<\/td>\n<td>877.665<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>364.759<\/td>\n<td>367.488<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td><b>2.439.015.994<\/b><\/td>\n<td><b>2.500.754.431<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3. Enflasyon Muhasebesi Uygulamas\u0131 (TMS 29)<\/h3>\n<p>Finansal tablolar, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131 uyar\u0131nca, 31 Mart 2026 tarihindeki sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilmi\u015ftir. Bu kapsamda:<\/p>\n<ul>\n<li>D\u00f6nem i\u00e7inde <b>3.508.858 TL<\/b> tutar\u0131nda net parasal pozisyon kayb\u0131 kaydedilmi\u015ftir.<\/li>\n<li>Endeksleme i\u015flemlerinde 31 Mart 2026 endeksi 3.866,74 olarak esas al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Giri\u015fim Sermayesi Yat\u0131r\u0131m Portf\u00f6y\u00fc<\/h2>\n<p>\u015eirketin yat\u0131r\u0131m stratejisinin merkezini olu\u015fturan giri\u015fim sermayesi portf\u00f6y\u00fc, yenilenebilir enerji, telekom\u00fcnikasyon, g\u0131da ve teknoloji gibi \u00e7e\u015fitli sekt\u00f6rlere yay\u0131lm\u0131\u015ft\u0131r.<\/p>\n<h3>\u00d6nemli Yat\u0131r\u0131mlar ve De\u011ferlemeler<\/h3>\n<p>31 Mart 2026 itibar\u0131yla portf\u00f6yde yer alan ba\u015fl\u0131ca varl\u0131klar \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>ASY Yenilenebilir Enerji \u00dcretim A.\u015e.:<\/b> 1.221.958.258 TL de\u011fer ile portf\u00f6y\u00fcn en b\u00fcy\u00fck kalemidir. \u015eirketin bu i\u015ftirakteki pay\u0131 %50,82&#8217;dir.<\/li>\n<li><b>T\u00fcrknet \u0130leti\u015fim Hizmetleri A.\u015e.:<\/b> 474.176.716 TL de\u011ferleme ile \u00f6nemli bir yer tutmaktad\u0131r.<\/li>\n<li><b>Arf Bio Yenilenebilir Enerji \u00dcretim A.\u015e.:<\/b> 05.01.2026 tarihinde Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmeye ba\u015flam\u0131\u015ft\u0131r. \u015eirketin paylar\u0131n\u0131n bir k\u0131sm\u0131 d\u00f6nem i\u00e7inde sat\u0131lm\u0131\u015f, 31 Mart 2026 itibar\u0131yla de\u011feri 196.055.355 TL olarak kaydedilmi\u015ftir.<\/li>\n<li><b>Dmr Unlu Mamuller \u00dcretim G\u0131da A.\u015e.:<\/b> Borsa \u0130stanbul&#8217;da (DMRGD) i\u015flem g\u00f6ren \u015firketin pay de\u011feri 170.121.120 TL&#8217;dir.<\/li>\n<li><b>A1 Yenilenebilir Enerji \u00dcretim A.\u015e.:<\/b> 110.220.000 TL piyasa de\u011feri ile takip edilmektedir.<\/li>\n<\/ul>\n<h3>Yeni Yat\u0131r\u0131mlar ve Fonlar<\/h3>\n<ul>\n<li><b>Velar Makine ve Kimya Sanayi A.\u015e.:<\/b> 21.175.180 TL de\u011ferleme ile portf\u00f6yde yer almaktad\u0131r.<\/li>\n<li><b>Pardus Portf\u00f6y K\u0131sa Vadeli Serbest (TL) Fon (PKV):<\/b> 31.366.352 TL tutar\u0131nda likit fon yat\u0131r\u0131m\u0131 bulunmaktad\u0131r.<\/li>\n<\/ul>\n<h2>Operasyonel Giderler ve Nakit Ak\u0131\u015f\u0131<\/h2>\n<h3>Gider Analizi<\/h3>\n<ul>\n<li><b>Genel Y\u00f6netim Giderleri:<\/b> 6.498.306 TL olarak ger\u00e7ekle\u015fmi\u015ftir. Bu giderlerin b\u00fcy\u00fck k\u0131sm\u0131n\u0131 <b>4.802.041 TL<\/b> ile personel \u00fccret, prim ve ikramiye \u00f6demeleri olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Finansman Giderleri:<\/b> \u00d6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re (5,2 milyon TL) keskin bir d\u00fc\u015f\u00fc\u015fle <b>9.599 TL<\/b> seviyesine gerilemi\u015ftir.<\/li>\n<\/ul>\n<h3>Nakit Ak\u0131\u015f Durumu<\/h3>\n<ul>\n<li><b>\u0130\u015fletme Faaliyetlerinden Nakit Ak\u0131\u015f\u0131:<\/b> 36.747.096 TL pozitif nakit ak\u0131\u015f\u0131 sa\u011flanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Nakit Pozisyonu:<\/b> D\u00f6nem ba\u015f\u0131ndaki 1.705.251 TL olan nakit ve nakit benzerleri, d\u00f6nem sonunda <b>40.175.881 TL<\/b>&#8216;ye y\u00fckselmi\u015ftir. Bu art\u0131\u015fta finansal yat\u0131r\u0131mlardaki azal\u0131\u015f (sat\u0131\u015flar) ve operasyonel verimlilik etkili olmu\u015ftur.<\/li>\n<\/ul>\n<h2>Mevzuata Uyum ve Risk Y\u00f6netimi<\/h2>\n<h3>Portf\u00f6y S\u0131n\u0131rlamalar\u0131 Kontrol\u00fc<\/h3>\n<p>\u015eirket, &#8220;Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131klar\u0131na \u0130li\u015fkin Esaslar Tebli\u011fi&#8221; \u00e7er\u00e7evesindeki s\u0131n\u0131rlarla tam uyumludur:<\/p>\n<ul>\n<li><b>Giri\u015fim Sermayesi Yat\u0131r\u0131mlar\u0131:<\/b> Portf\u00f6y\u00fcn %97,01&#8217;ini olu\u015fturmaktad\u0131r (Yasal alt s\u0131n\u0131r: %51).<\/li>\n<li><b>Para ve Sermaye Piyasas\u0131 Ara\u00e7lar\u0131:<\/b> Portf\u00f6y\u00fcn %2,93&#8217;\u00fcn\u00fc olu\u015fturmaktad\u0131r (Yasal \u00fcst s\u0131n\u0131r: %49).<\/li>\n<li><b>Bor\u00e7lanma S\u0131n\u0131r\u0131:<\/b> \u015eirketin herhangi bir finansal borcu bulunmamaktad\u0131r.<\/li>\n<\/ul>\n<h3>Finansal Riskler<\/h3>\n<ul>\n<li><b>Piyasa Riski:<\/b> Yat\u0131r\u0131mlar\u0131n ger\u00e7e\u011fe uygun de\u011ferlerindeki de\u011fi\u015fimler \u015firketin kar\/zarar tablosunu do\u011frudan etkilemektedir.<\/li>\n<li><b>Kredi Riski:<\/b> Nakit varl\u0131klar\u0131n b\u00fcy\u00fck bir k\u0131sm\u0131 (39,8 milyon TL) ili\u015fkili taraf olan A1 Capital Menkul De\u011ferler A.\u015e. nezdinde vadeli mevduatta tutulmaktad\u0131r.<\/li>\n<\/ul>\n<h2>\u00d6nemli Geli\u015fmeler ve Gelecek Projeksiyonu<\/h2>\n<h3>Kay\u0131tl\u0131 Sermaye Tavan\u0131 Art\u0131r\u0131m\u0131<\/h3>\n<p>\u015eirket Y\u00f6netim Kurulu, 27 Nisan 2026 tarihinde ald\u0131\u011f\u0131 karar ile mevcut kay\u0131tl\u0131 sermaye tavan\u0131n\u0131 <b>5.000.000.000 TL<\/b>&#8216;ye y\u00fckseltmek i\u00e7in giri\u015fimde bulunmu\u015ftur. Bu tavan\u0131n ge\u00e7erlilik s\u00fcresinin 2026-2030 y\u0131llar\u0131n\u0131 kapsayacak \u015fekilde uzat\u0131lmas\u0131 planlanmaktad\u0131r.<\/p>\n<h3>Vergi \u0130stisnas\u0131<\/h3>\n<p>Kurumlar Vergisi Kanunu uyar\u0131nca, giri\u015fim sermayesi yat\u0131r\u0131m ortakl\u0131klar\u0131n\u0131n portf\u00f6y i\u015fletmecili\u011fi kazan\u00e7lar\u0131 kurumlar vergisinden istisnad\u0131r. Mevcut d\u00fczenlemeler \u00e7er\u00e7evesinde tevkifat oran\u0131 %0 olarak uygulanmaktad\u0131r.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"2350\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Pardus Giri\u015fim Sermayesi (PRDGS), 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde yat\u0131r\u0131mc\u0131lar\u0131n\u0131 stratejik bir yol ayr\u0131m\u0131yla kar\u015f\u0131l\u0131yor. \u015eirket, portf\u00f6y\u00fcndeki de\u011ferlemelerden kaynakl\u0131 61,7 milyon TL net zarar a\u00e7\u0131klamas\u0131na ra\u011fmen, nakit pozisyonunu 40 milyon TL&#8217;nin \u00fczerine \u00e7\u0131kararak likiditesini g\u00fc\u00e7lendirdi. \u00d6zellikle yenilenebilir enerji ve telekom\u00fcnikasyon sekt\u00f6rlerindeki dev yat\u0131r\u0131mlar\u0131yla dikkat \u00e7eken Pardus, sermaye tavan\u0131n\u0131 5 milyar TL&#8217;ye y\u00fckseltme karar\u0131yla gelecekteki b\u00fcy\u00fcme sinyallerini veriyor. Enflasyon muhasebesinin g\u00f6lgesinde \u015fekillenen bu finansal raporun detaylar\u0131 ve portf\u00f6y \u015firketlerindeki son durum analizimizde.<\/p>\n","protected":false},"author":9,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[332],"class_list":["post-2350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-prdgs"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2350","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2350"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2350\/revisions"}],"predecessor-version":[{"id":2351,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2350\/revisions\/2351"}],"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=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}