{"id":2354,"date":"2026-05-02T13:21:25","date_gmt":"2026-05-02T10:21:25","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2354"},"modified":"2026-05-02T13:22:09","modified_gmt":"2026-05-02T10:22:09","slug":"gmtas-2026-03-faaliyet-raporu-analizi-gimat-maazaclk","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2354","title":{"rendered":"\ud83d\udd35 GMTAS 2026-03 Faaliyet Raporu Analizi | Gimat Ma\u011fazac\u0131l\u0131k"},"content":{"rendered":"<h1>Gimat Ma\u011fazac\u0131l\u0131k 31 Mart 2026 D\u00f6nemi Finansal Bilgilendirme Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Gimat Ma\u011fazac\u0131l\u0131k Sanayi ve Ticaret Anonim \u015eirketi&#8217;nin (&#8220;\u015eirket&#8221;) 31 Mart 2026 tarihinde sona eren \u00fc\u00e7 ayl\u0131k ara hesap d\u00f6nemine ait finansal durumunu, faaliyet sonu\u00e7lar\u0131n\u0131 ve nakit ak\u0131\u015flar\u0131n\u0131 sentezlemektedir. Finansal tablolar, T\u00fcrkiye Finansal Raporlama Standartlar\u0131 (TFRS) ve 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\u00fczenlenmi\u015ftir.<\/p>\n<p><b>Temel Bulgular:<\/b><\/p>\n<ul>\n<li><b>Karl\u0131l\u0131kta G\u00fc\u00e7l\u00fc Art\u0131\u015f:<\/b> \u015eirket, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde 117.445.317 TL net d\u00f6nem kar\u0131 elde etmi\u015ftir. Bu rakam, \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 70.267.348 TL&#8217;lik kara g\u00f6re belirgin bir art\u0131\u015f\u0131 temsil etmektedir.<\/li>\n<li><b>Varl\u0131k Yap\u0131s\u0131 ve Stok Y\u00f6netimi:<\/b> Toplam varl\u0131klar 5,51 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. D\u00f6nen varl\u0131klar i\u00e7inde stoklar, 1,02 milyar TL ile (31.12.2025: 753,5 milyon TL) dikkat \u00e7ekici bir b\u00fcy\u00fcme g\u00f6stermi\u015ftir.<\/li>\n<li><b>Bor\u00e7luluk ve Finansal Yap\u0131:<\/b> Finansal bor\u00e7larda (kira y\u00fck\u00fcml\u00fcl\u00fckleri dahil) 173 milyon TL&#8217;den 36,6 milyon TL&#8217;ye \u00f6nemli bir azal\u0131\u015f kaydedilmi\u015ftir. \u00d6zkaynaklar ise 4,34 milyar TL seviyesinde g\u00fc\u00e7l\u00fc duru\u015funu korumaktad\u0131r.<\/li>\n<li><b>Has\u0131lat Performans\u0131:<\/b> Has\u0131lat, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %34&#8217;\u00fcn \u00fczerinde artarak 1,63 milyar TL seviyesine y\u00fckselmi\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 Durum<\/h2>\n<p>12 Mart 2015 tarihinde kurulan Gimat Ma\u011fazac\u0131l\u0131k&#8217;\u0131n temel faaliyet konusu; g\u0131da ve di\u011fer ihtiya\u00e7 maddelerinin toptan ve perakende ticaretini yapmak, bu \u00fcr\u00fcnlerin tedarik zinciri s\u00fcre\u00e7lerini (depolama, paketleme, pazarlama vb.) y\u00f6netmektir.<\/p>\n<ul>\n<li><b>\u00c7al\u0131\u015fan Say\u0131s\u0131:<\/b> 31 Mart 2026 itibar\u0131yla 574 ki\u015fi (31.12.2025: 560 ki\u015fi).<\/li>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u015eirketin 300.000.000 TL tutar\u0131ndaki sermayesinin tamam\u0131 \u00f6denmi\u015ftir ve hamiline yaz\u0131l\u0131 300 milyon adet paydan olu\u015fmaktad\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>2. Finansal Durum Analizi (Bilan\u00e7o)<\/h2>\n<p>\u015eirket&#8217;in finansal yap\u0131s\u0131, y\u00fcksek \u00f6zkaynak oran\u0131 ve gayrimenkul odakl\u0131 duran varl\u0131k a\u011f\u0131rl\u0131\u011f\u0131 ile karakterize edilmektedir.<\/p>\n<h3>2.1. Varl\u0131k Da\u011f\u0131l\u0131m\u0131<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k Kalemi<\/td>\n<td>31.03.2026 (TL)<\/td>\n<td>31.12.2025 (TL)<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>1.343.368.948<\/td>\n<td>1.053.171.268<\/td>\n<td>+27,5%<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>4.167.000.908<\/td>\n<td>4.179.232.659<\/td>\n<td>-0,3%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>5.510.369.856<\/b><\/td>\n<td><b>5.232.403.927<\/b><\/td>\n<td><b>+5,3%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Stoklar:<\/b> Ticari mallar a\u011f\u0131rl\u0131kl\u0131 stoklar 753,5 milyon TL&#8217;den 1,02 milyar TL&#8217;ye \u00e7\u0131karak d\u00f6nen varl\u0131klar\u0131n %76&#8217;s\u0131n\u0131 olu\u015fturmu\u015ftur.<\/li>\n<li><b>Maddi Duran Varl\u0131klar:<\/b> 3,16 milyar TL tutar\u0131ndaki bu kalem i\u00e7inde en b\u00fcy\u00fck pay\u0131 2,24 milyar TL ile &#8220;Arazi ve Arsalar&#8221; ve 702,7 milyon TL ile &#8220;Binalar&#8221; almaktad\u0131r. 23 Ocak 2026 tarihinde yap\u0131lan de\u011ferleme \u00e7al\u0131\u015fmalar\u0131, g\u00fcncel pazar yakla\u015f\u0131m\u0131 ve maliyet y\u00f6ntemini esas alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller:<\/b> 857,7 milyon TL de\u011ferindeki gayrimenkuller, kira veya de\u011fer kazanc\u0131 amac\u0131yla tutulmaktad\u0131r.<\/li>\n<\/ul>\n<h3>2.2. Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar<\/h3>\n<ul>\n<li><b>Ticari Bor\u00e7lar:<\/b> K\u0131sa vadeli ticari bor\u00e7lar 284,5 milyon TL&#8217;den 539 milyon TL&#8217;ye y\u00fckselmi\u015ftir. Bu art\u0131\u015f\u0131n b\u00fcy\u00fck k\u0131sm\u0131 ili\u015fkili olmayan taraflara olan bor\u00e7lardan kaynaklanmaktad\u0131r.<\/li>\n<li><b>Finansal Bor\u00e7lar\u0131n Azalmas\u0131:<\/b> Kira y\u00fck\u00fcml\u00fcl\u00fcklerinden kaynaklanan finansal bor\u00e7lar ciddi oranda \u00f6denmi\u015f veya yeniden s\u0131n\u0131fland\u0131r\u0131lm\u0131\u015ft\u0131r. Toplam finansal y\u00fck\u00fcml\u00fcl\u00fckler yakla\u015f\u0131k 36,6 milyon TL&#8217;ye gerilemi\u015ftir.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 4,34 milyar TL&#8217;lik \u00f6zkaynaklar\u0131n 1,96 milyar TL&#8217;si sermaye d\u00fczeltme farklar\u0131ndan, 1,55 milyar TL&#8217;si ise yeniden de\u011ferleme kazan\u00e7lar\u0131ndan olu\u015fmaktad\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>3. Faaliyet Performans\u0131 (Gelir Tablosu)<\/h2>\n<p>2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ayl\u0131k d\u00f6nemi, operasyonel verimlili\u011fin ve has\u0131lat\u0131n artt\u0131\u011f\u0131 bir d\u00f6nem olmu\u015ftur.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Gelir Tablosu Kalemi<\/td>\n<td>01.01.-31.03.2026 (TL)<\/td>\n<td>01.01.-31.03.2025 (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>1.629.590.110<\/td>\n<td>1.215.520.082<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti (-)<\/b><\/td>\n<td>(1.296.803.527)<\/td>\n<td>(953.376.495)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td>332.786.583<\/td>\n<td>262.143.587<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet Kar\u0131<\/b><\/td>\n<td>145.670.543<\/td>\n<td>128.393.061<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td><b>117.445.317<\/b><\/td>\n<td><b>70.267.348<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Maliyet ve Giderler:<\/b> Sat\u0131\u015flar\u0131n maliyeti has\u0131lata paralel artarken, pazarlama giderleri 176,7 milyon TL ile faaliyet giderleri i\u00e7indeki en b\u00fcy\u00fck kalemdir. Pazarlama giderlerindeki en b\u00fcy\u00fck art\u0131\u015f personel \u00fccretlerinden (136,2 milyon TL) kaynaklanmaktad\u0131r.<\/li>\n<li><b>Net Parasal Pozisyon:<\/b> Enflasyon muhasebesi uygulamas\u0131 sonucunda 7.830.419 TL tutar\u0131nda net parasal pozisyon kazanc\u0131 kaydedilmi\u015ftir.<\/li>\n<li><b>Pay Ba\u015f\u0131na Kazan\u00e7:<\/b> 0,391484 TL (2025 Q1: 0,470961 TL). Pay say\u0131s\u0131n\u0131n 149,2 milyondan 300 milyona \u00e7\u0131kmas\u0131 pay ba\u015f\u0131na kazan\u00e7 oran\u0131n\u0131 etkilemi\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>4. Nakit Ak\u0131\u015f Analizi<\/h2>\n<p>\u015eirket&#8217;in nakit y\u00f6netimi, operasyonel nakit giri\u015flerinin finansman y\u00fck\u00fcml\u00fcl\u00fcklerinin kar\u015f\u0131lanmas\u0131nda kullan\u0131ld\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<ul>\n<li><b>\u0130\u015fletme Faaliyetleri:<\/b> \u0130\u015fletme faaliyetlerinden 99.966.611 TL net nakit giri\u015fi sa\u011flanm\u0131\u015ft\u0131r. Bu rakam \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine (1,49 milyon TL) g\u00f6re \u00e7ok daha g\u00fc\u00e7l\u00fc bir nakit yaratma kapasitesine i\u015faret etmektedir.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> 6,87 milyon TL&#8217;lik maddi ve maddi olmayan duran varl\u0131k al\u0131m\u0131 ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<li><b>Finansman Faaliyetleri:<\/b> Bor\u00e7 \u00f6demeleri nedeniyle 136,4 milyon TL tutar\u0131nda nakit \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Nakit Pozisyonu:<\/b> D\u00f6nem sonu nakit ve nakit benzerleri 110.127.741 TL olarak ger\u00e7ekle\u015fmi\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>5. \u00d6nemli Risk ve Dipnot A\u00e7\u0131klamalar\u0131<\/h2>\n<h3>5.1. Enflasyon Muhasebesi (TMS 29)<\/h3>\n<p>Finansal tablolar, 31 Mart 2026 tarihli cari sat\u0131n alma g\u00fcc\u00fc cinsinden ifade edilmi\u015ftir. D\u00fczeltme i\u015flemlerinde T\u00dc\u0130K taraf\u0131ndan yay\u0131mlanan T\u00dcFE endeksleri kullan\u0131lm\u0131\u015ft\u0131r (31.03.2026 endeksi: 3866,74).<\/p>\n<h3>5.2. Kur Riski ve Duyarl\u0131l\u0131k<\/h3>\n<p>\u015eirket&#8217;in d\u00f6viz pozisyonu s\u0131n\u0131rl\u0131 d\u00fczeydedir:<\/p>\n<ul>\n<li><b>D\u00f6viz Varl\u0131klar\u0131:<\/b> 4.977.634 TL kar\u015f\u0131l\u0131\u011f\u0131 (79.186 USD ve 31.517 EUR).<\/li>\n<li><b>D\u00f6viz Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc:<\/b> Bulunmamaktad\u0131r.<\/li>\n<li><b>Duyarl\u0131l\u0131k:<\/b> T\u00fcrk Liras\u0131&#8217;n\u0131n %10 de\u011fer kayb\u0131 durumunda kar\/zarar \u00fczerindeki toplam etki 497.763 TL (pozitif) olacakt\u0131r.<\/li>\n<\/ul>\n<h3>5.3. \u0130li\u015fkili Taraf \u0130\u015flemleri<\/h3>\n<p>\u015eirket, Z\u00fcmr\u00fct Baharatlar\u0131 G\u0131da San. ve Tic. Ltd. \u015eti. ile ticari faaliyetlerde bulunmaktad\u0131r.<\/p>\n<ul>\n<li><b>\u0130li\u015fkili Taraftan Al\u0131mlar:<\/b> 4.574.636 TL.<\/li>\n<li><b>\u0130li\u015fkili Tarafa Sat\u0131\u015flar:<\/b> 2.150.622 TL.<\/li>\n<li><b>\u00dcst D\u00fczey Y\u00f6netici Menfaatleri:<\/b> 874.557 TL.<\/li>\n<\/ul>\n<h3>5.4. K\u0131dem Tazminat\u0131 Kar\u015f\u0131l\u0131\u011f\u0131<\/h3>\n<p>Akt\u00fceryal varsay\u0131mlar (y\u0131ll\u0131k %44,84 \u00fccret art\u0131\u015f\u0131 ve %47,84 iskonto oran\u0131) kullan\u0131larak hesaplanan toplam k\u0131dem tazminat\u0131 kar\u015f\u0131l\u0131\u011f\u0131 51.587.354 TL&#8217;dir.<\/p>\n<h3>5.5. Raporlama Sonras\u0131 Olaylar<\/h3>\n<p>31 Mart 2026 bilan\u00e7o tarihinden sonra finansal tablolar\u0131 etkileyecek herhangi bir \u00f6nemli olay bildirilmemi\u015ftir.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"2354\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Gimat Ma\u011fazac\u0131l\u0131k 2026&#8217;ya G\u00fc\u00e7l\u00fc Ba\u015flad\u0131: K\u00e2r ve Nakit Ak\u0131\u015f\u0131nda B\u00fcy\u00fck S\u0131\u00e7rama!<br \/>\nGimat Ma\u011fazac\u0131l\u0131k&#8217;\u0131n 31 Mart 2026 d\u00f6nemi finansal sonu\u00e7lar\u0131, \u015firketin y\u00fcksek enflasyonist ortamda operasyonel g\u00fcc\u00fcn\u00fc korudu\u011funu kan\u0131tl\u0131yor. Has\u0131lat\u0131n\u0131 1,6 milyar TL&#8217;nin \u00fczerine ta\u015f\u0131yan \u015firket, net k\u00e2r\u0131n\u0131 \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %67 oran\u0131nda art\u0131rmay\u0131 ba\u015fard\u0131. \u00d6zellikle finansal bor\u00e7lar\u0131n\u0131 radikal bir \u015fekilde azaltmas\u0131 ve i\u015fletme faaliyetlerinden elde etti\u011fi nakit ak\u0131\u015f\u0131n\u0131 99 milyon TL seviyesine \u00e7\u0131karmas\u0131, yat\u0131r\u0131mc\u0131lar i\u00e7in g\u00fcven verici bir tablo \u00e7iziyor. Stoklar\u0131n\u0131 1 milyar TL e\u015fi\u011finin \u00fczerine ta\u015f\u0131yan Gimat, perakende sekt\u00f6r\u00fcndeki b\u00fcy\u00fcme ivmesini s\u00fcrd\u00fcr\u00fcyor.<\/p>\n","protected":false},"author":3,"featured_media":1297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[251],"tags":[333],"class_list":["post-2354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faaliyetraporuanalizi","tag-gmtas"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2354","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2354"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2354\/revisions"}],"predecessor-version":[{"id":2355,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2354\/revisions\/2355"}],"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=2354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}