{"id":2356,"date":"2026-05-02T14:28:08","date_gmt":"2026-05-02T11:28:08","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2356"},"modified":"2026-05-02T14:28:31","modified_gmt":"2026-05-02T11:28:31","slug":"etyat-2026-03-bilano-analizi-euro-trend-yatrm-ortakl","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2356","title":{"rendered":"\ud83d\udd34 ETYAT 2026-03 Bilan\u00e7o Analizi | Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131"},"content":{"rendered":"<h1>Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e. 2026 Y\u0131l\u0131 \u0130lk \u00c7eyrek Brifing Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e.&#8217;nin (ETYAT) 01.01.2026 \u2013 31.03.2026 d\u00f6nemine ait faaliyetlerini, finansal durumunu ve kurumsal yap\u0131s\u0131n\u0131 sentezlemektedir. \u015eirket, ilgili d\u00f6nemde 20.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini d\u00f6nem sonunda (28.04.2026 tescil tarihiyle) 60.000.000 TL\u2019ye y\u00fckseltmi\u015ftir. Portf\u00f6y y\u00f6netim hizmetleri 06.05.2025 tarihinden itibaren Metro Portf\u00f6y Y\u00f6netimi A.\u015e. taraf\u0131ndan y\u00fcr\u00fct\u00fclmektedir.<\/p>\n<p>Finansal a\u00e7\u0131dan \u015firket, 31.03.2026 itibar\u0131yla 79,1 milyon TL toplam varl\u0131\u011fa ve 69,3 milyon TL \u00f6zkayna\u011fa sahiptir. D\u00f6nem, y\u00fcksek enflasyonlu ekonomi raporlama standartlar\u0131 (TMS 29) ve operasyonel giderlerin etkisiyle 5.598.285 TL net d\u00f6nem zarar\u0131 ile kapat\u0131lm\u0131\u015ft\u0131r. \u015eirketin net varl\u0131k de\u011feri 68.560.859 TL olarak hesaplanm\u0131\u015f, pay ba\u015f\u0131na de\u011fer ise 3,428043 TL olarak ger\u00e7ekle\u015fmi\u015ftir. Kurumsal y\u00f6netim a\u00e7\u0131s\u0131ndan \u015firket, \u015eahin ailesi temsilcileri ve ba\u011f\u0131ms\u0131z \u00fcyelerden olu\u015fan 5 ki\u015filik bir y\u00f6netim kurulu taraf\u0131ndan y\u00f6netilmekte; t\u00fcm denetim ve risk komiteleri ba\u011f\u0131ms\u0131z \u00fcyelerin ba\u015fkanl\u0131\u011f\u0131nda faaliyet g\u00f6stermektedir.<\/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>1. Kurumsal Kimlik ve Operasyonel Ama\u00e7<\/h2>\n<p>Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A.\u015e., Sermaye Piyasas\u0131 Kanunu \u00e7er\u00e7evesinde kurulmu\u015f, halka a\u00e7\u0131k bir anonim \u015firkettir. Temel amac\u0131; sermaye piyasas\u0131 ara\u00e7lar\u0131 ile ulusal ve uluslararas\u0131 borsalarda i\u015flem g\u00f6ren menkul k\u0131ymetlerden (hisse senedi, tahvil, eurobond, V\u0130OP vb.) olu\u015fan bir portf\u00f6y i\u015fletmektir.<\/p>\n<ul>\n<li><b>Merkez:<\/b> Ankara (2008&#8217;den beri).<\/li>\n<li><b>Faaliyet Esaslar\u0131:<\/b> Yat\u0131r\u0131m riskini portf\u00f6y \u00e7e\u015fitlendirmesiyle minimize etmek, portf\u00f6y de\u011ferini korumak ve art\u0131rmak amac\u0131yla s\u00fcrekli piyasa takibi ve ara\u015ft\u0131rmas\u0131 yapmak.<\/li>\n<li><b>D\u0131\u015f Hizmet Sa\u011flay\u0131c\u0131lar:<\/b>\n<ul>\n<li><b>Portf\u00f6y Y\u00f6netimi:<\/b> Metro Portf\u00f6y Y\u00f6netimi A.\u015e.<\/li>\n<li><b>Arac\u0131l\u0131k Hizmetleri:<\/b> Metro Yat\u0131r\u0131m, Gedik Yat\u0131r\u0131m ve Alnus Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.<\/li>\n<li><b>Risk Y\u00f6netimi:<\/b> Risk Aktif E\u011fitim ve Dan\u0131\u015fmanl\u0131k A.\u015e.<\/li>\n<\/ul>\n<\/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. Sermaye Yap\u0131s\u0131 ve Ortakl\u0131k Haklar\u0131<\/h2>\n<p>Rapor d\u00f6nemi i\u00e7erisinde \u015firketin sermaye yap\u0131s\u0131nda kritik bir de\u011fi\u015fiklik ger\u00e7ekle\u015fmi\u015ftir. \u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 300.000.000 TL&#8217;dir.<\/p>\n<h3>Sermaye ve Ortakl\u0131k Da\u011f\u0131l\u0131m\u0131 (25.04.2026 \u0130tibar\u0131yla)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Orta\u011f\u0131n Ad\u0131 \/ Soyad\u0131<\/td>\n<td>Grubu<\/td>\n<td>Nominal De\u011fer (TL)<\/td>\n<td>Sermaye Pay\u0131 (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Mustafa \u015eAH\u0130N<\/td>\n<td>A<\/td>\n<td>3.737.800,66<\/td>\n<td>6,23<\/td>\n<td>85,26<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Halka A\u00e7\u0131k)<\/td>\n<td>B<\/td>\n<td>56.262.199,34<\/td>\n<td>93,77<\/td>\n<td>14,74<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b>60.000.000,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6nemli Not:<\/b> A grubu paylar y\u00f6netim kurulu \u00fcye se\u00e7iminde imtiyazl\u0131d\u0131r. A grubundaki her bir pay 1.000 oy hakk\u0131na sahipken, B grubu paylar 1 oy hakk\u0131na sahiptir. 20.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayenin 60.000.000 TL\u2019ye art\u0131r\u0131m\u0131 28.04.2026 tarihinde tescil edilmi\u015ftir.<\/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>3. Y\u00f6netim Kurulu ve Organizasyonel Yap\u0131<\/h2>\n<p>\u015eirket y\u00f6netimi, 02.08.2023 tarihinde 3 y\u0131l s\u00fcreyle se\u00e7ilen 5 \u00fcyeden olu\u015fmaktad\u0131r.<\/p>\n<h3>Y\u00f6netim Kurulu \u00dcyeleri<\/h3>\n<ul>\n<li><b>Selina \u00d6zlem \u015eAH\u0130N:<\/b> Y\u00f6netim Kurulu Ba\u015fkan\u0131 (\u0130cra d\u0131\u015f\u0131, 1996 Viyana do\u011fumlu).<\/li>\n<li><b>Michael Burak \u015eAH\u0130N:<\/b> Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131 (\u0130cra d\u0131\u015f\u0131, 1993 Viyana do\u011fumlu).<\/li>\n<li><b>Seda \u015eAH\u0130N:<\/b> Y\u00f6netim Kurulu \u00dcyesi (\u0130cra d\u0131\u015f\u0131, 1966 Giresun do\u011fumlu).<\/li>\n<li><b>G\u00fclnur BERBER C\u0130VELEK:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi (Avukat, t\u00fcm komitelerin ba\u015fkan\u0131).<\/li>\n<li><b>Vahit C\u0130VELEK:<\/b> Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi (Emekli Cumhuriyet Savc\u0131s\u0131\/Avukat, komite \u00fcyesi).<\/li>\n<\/ul>\n<p>\u015eirketin genel m\u00fcd\u00fcrl\u00fck g\u00f6revini <b>Sibel \u00dcnal Aksoy<\/b> y\u00fcr\u00fctmekte olup, 31.03.2026 itibar\u0131yla toplam personel say\u0131s\u0131 6&#8217;d\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>4. Finansal Durum Analizi<\/h2>\n<p>\u015eirketin 2026 ilk \u00e7eyrek finansal sonu\u00e7lar\u0131, portf\u00f6y gelirlerine ra\u011fmen genel y\u00f6netim giderleri ve parasal kay\u0131plar\u0131n etkisiyle negatif net karla sonu\u00e7lanm\u0131\u015ft\u0131r.<\/p>\n<h3>Temel Finansal G\u00f6stergeler (31.03.2026)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>79.166.549<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td>69.325.879<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td>(5.598.285)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td>7.502.599<\/td>\n<\/tr>\n<tr>\n<td><b>Genel Y\u00f6netim Giderleri<\/b><\/td>\n<td>(6.077.345)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Parasal Kay\u0131p<\/b><\/td>\n<td>(6.491.835)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Net Varl\u0131k De\u011feri Tablosu<\/h3>\n<p>31.03.2026 itibar\u0131yla \u015firketin net varl\u0131k da\u011f\u0131l\u0131m\u0131 \u015fu \u015fekildedir:<\/p>\n<ul>\n<li><b>Ortakl\u0131k Portf\u00f6y De\u011feri:<\/b> 69.476.062,49 TL (%101,33)<\/li>\n<li><b>Haz\u0131r De\u011ferler:<\/b> 314.686,13 TL (%0,46)<\/li>\n<li><b>Alacaklar:<\/b> 1.085.729,48 TL (%1,58)<\/li>\n<li><b>Bor\u00e7lar (-):<\/b> 2.601.612,79 TL (% -3,79)<\/li>\n<li><b>Net Varl\u0131k De\u011feri:<\/b> 68.560.859,54 TL<\/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. Portf\u00f6y Yap\u0131s\u0131 ve Yat\u0131r\u0131mlar<\/h2>\n<p>\u015eirket portf\u00f6y\u00fc, riskin da\u011f\u0131t\u0131lmas\u0131 amac\u0131yla farkl\u0131 yat\u0131r\u0131m ara\u00e7lar\u0131 aras\u0131nda b\u00f6l\u00fc\u015ft\u00fcr\u00fclm\u00fc\u015ft\u00fcr.<\/p>\n<h3>Portf\u00f6y Da\u011f\u0131l\u0131m \u00d6zeti<\/h3>\n<ol>\n<li><b>Pay Senetleri (Hisse):<\/b> 27.688.106 TL (%39,85) &#8211; T\u00fcrk Hava Yollar\u0131, Alarko GYO, Sabanc\u0131 Holding ve Ko\u00e7 Holding gibi 29 farkl\u0131 hisse senedini i\u00e7ermektedir.<\/li>\n<li><b>Bor\u00e7lanma Ara\u00e7lar\u0131 (\u00d6zel Sekt\u00f6r Tahvilleri):<\/b> 26.305.286 TL (%37,86).<\/li>\n<li><b>Sukuk (Kira Sertifikalar\u0131):<\/b> 4.228.419 TL (%6,09).<\/li>\n<li><b>Banka Para Piyasas\u0131 (BPP):<\/b> 3.704.227 TL (%5,33).<\/li>\n<li><b>Mevduat:<\/b> 3.069.160 TL (%4,42).<\/li>\n<li><b>Borsa Yat\u0131r\u0131m Fonlar\u0131 (BYF):<\/b> 2.566.905 TL (%3,69).<\/li>\n<li><b>Varl\u0131\u011fa Dayal\u0131 Menkul K\u0131ymetler (VDM):<\/b> 1.913.958 TL (%2,75).<\/li>\n<\/ol>\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. Risk Y\u00f6netimi ve \u0130\u00e7 Kontrol<\/h2>\n<p>\u015eirket, varl\u0131\u011f\u0131n\u0131 tehlikeye d\u00fc\u015f\u00fcrebilecek risklerin erken te\u015fhisi ve y\u00f6netimi i\u00e7in kurumsal bir yap\u0131 olu\u015fturmu\u015ftur.<\/p>\n<ul>\n<li><b>\u0130\u00e7 Kontrol Sistemi:<\/b> Usuls\u00fczl\u00fcklerin \u00f6nlenmesi, verilerin do\u011frulu\u011fu ve operasyonel verimlilik i\u00e7in tasarlanm\u0131\u015ft\u0131r. Tefti\u015f biriminde Esra \u00d6zkaya g\u00f6rev yapmaktad\u0131r.<\/li>\n<li><b>Maruz Kal\u0131nan Riskler:<\/b> \u015eirket temel olarak d\u00f6viz kurlar\u0131ndaki de\u011fi\u015fimlerden kaynaklanan <b>Kur Riski<\/b> ve varl\u0131klar\u0131n nakde \u00e7evrilememesi durumunu ifade eden <b>Likidite Riski<\/b> ile kar\u015f\u0131 kar\u015f\u0131yad\u0131r.<\/li>\n<li><b>Komitelerin Rol\u00fc:<\/b>\n<ul>\n<li><b>Denetimden Sorumlu Komite:<\/b> Finansal bilgilerin a\u00e7\u0131klanmas\u0131 ve i\u00e7 denetim sisteminin g\u00f6zetiminden sorumludur.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> \u015eirketin devaml\u0131l\u0131\u011f\u0131n\u0131 tehlikeye atabilecek riskleri her iki ayda bir raporlar.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Y\u00f6netim uygulamalar\u0131n\u0131 iyile\u015ftirir ve yat\u0131r\u0131mc\u0131 ili\u015fkilerini g\u00f6zetir.<\/li>\n<\/ul>\n<\/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>7. Di\u011fer \u00d6nemli Hususlar ve Gelecek Hedefleri<\/h2>\n<ul>\n<li><b>Kar Da\u011f\u0131t\u0131m\u0131:<\/b> 31.12.2025 tarihli finansal tablolarda TMS 29 kapsam\u0131nda olu\u015fan net d\u00f6nem zarar\u0131 nedeniyle kar pay\u0131 da\u011f\u0131t\u0131lmamas\u0131 \u00f6nerilmi\u015ftir.<\/li>\n<li><b>Dava ve Yapt\u0131r\u0131mlar:<\/b> 01.01.2026-31.03.2026 d\u00f6neminde \u015firket aleyhine a\u00e7\u0131lan, mali durumu etkileyebilecek bir dava veya mevzuata ayk\u0131r\u0131l\u0131k nedeniyle uygulanan bir yapt\u0131r\u0131m bulunmamaktad\u0131r.<\/li>\n<li><b>Gelecek Stratejisi:<\/b> Portf\u00f6y \u00e7e\u015fitlili\u011fini koruyarak \u00f6zel sekt\u00f6r ve kamu bor\u00e7lanma ara\u00e7lar\u0131, repo, t\u00fcrev ara\u00e7lar ve Takasbank para piyasas\u0131 gibi alanlarda yat\u0131r\u0131mlar\u0131 s\u00fcrd\u00fcrerek finansal yap\u0131y\u0131 iyile\u015ftirmek hedeflenmektedir.<\/li>\n<li><b>Ba\u011f\u0131\u015flar:<\/b> D\u00f6nem i\u00e7erisinde herhangi bir ba\u011f\u0131\u015f veya sosyal sorumluluk harcamas\u0131 yap\u0131lmam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2356\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Euro Trend Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 (ETYAT), 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fine dair faaliyet raporunu yay\u0131mlad\u0131. Sermayesini \u00fc\u00e7 kat\u0131na \u00e7\u0131kararak 60 milyon TL&#8217;ye ula\u015ft\u0131ran \u015firketin, portf\u00f6y stratejilerinden finansal sonu\u00e7lar\u0131na kadar t\u00fcm detaylar bu yaz\u0131m\u0131zda. D\u00f6nem sonu itibar\u0131yla 79 milyon TL&#8217;yi a\u015fan toplam varl\u0131klar\u0131n\u0131 nas\u0131l y\u00f6netti\u011fini, hisse senedi ve bor\u00e7lanma ara\u00e7lar\u0131 aras\u0131ndaki dengeyi ve gelecek d\u00f6nem hedeflerini analiz ediyoruz. Yat\u0131r\u0131mc\u0131lar\u0131n merakla bekledi\u011fi kar pay\u0131 da\u011f\u0131t\u0131m\u0131 ve risk y\u00f6netimi stratejilerine dair en g\u00fcncel verileri ke\u015ffedin.<\/p>\n","protected":false},"author":8,"featured_media":1725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[231],"class_list":["post-2356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-etyat"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2356","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2356"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2356\/revisions"}],"predecessor-version":[{"id":2357,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2356\/revisions\/2357"}],"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=2356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}