{"id":276,"date":"2025-12-20T19:23:54","date_gmt":"2025-12-20T16:23:54","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=276"},"modified":"2025-12-20T19:23:54","modified_gmt":"2025-12-20T16:23:54","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ykyat-yapi-kredi-yatirim-menkul-degerler-2025-9-bilanco-analizi-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/276","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #YKYAT | Yap\u0131 Kredi Yat\u0131r\u0131m Menkul De\u011ferler 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #YKYAT | Yap\u0131 Kredi Yat\u0131r\u0131m Menkul De\u011ferler 2025\/9 Bilan\u00e7o Analizi |  \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/yzRDNEmDLzY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Bir Finans Devinin Bilan\u00e7osundan \u00c7\u0131kar\u0131lacak 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ders<\/h1>\n<h3>Giri\u015f<\/h3>\n<p>Finansal raporlar, \u00e7o\u011fu zaman rakamlarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 ve s\u0131k\u0131c\u0131 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu tablolar\u0131n derinliklerine inildi\u011finde, bir \u015firketin stratejisi, b\u00fcy\u00fcme h\u0131z\u0131 ve kar\u015f\u0131la\u015ft\u0131\u011f\u0131 zorluklar hakk\u0131nda inan\u0131lmaz hikayeler bar\u0131nd\u0131rd\u0131\u011f\u0131 ortaya \u00e7\u0131kar. Bu yaz\u0131da, finans d\u00fcnyas\u0131n\u0131n \u00f6nemli oyuncular\u0131ndan Yap\u0131 Kredi Yat\u0131r\u0131m&#8217;\u0131n 2025 y\u0131l\u0131 dokuz ayl\u0131k konsolide finansal tablolar\u0131n\u0131 inceleyerek, y\u00fczeydeki rakamlar\u0131n ard\u0131nda yatan en \u015fa\u015f\u0131rt\u0131c\u0131 ve d\u00fc\u015f\u00fcnd\u00fcr\u00fcc\u00fc \u00fc\u00e7 dersi ortaya koyaca\u011f\u0131z.<\/p>\n<h3>1. Dokuz Ayda Neredeyse \u00dc\u00e7e Katlanan Bilan\u00e7o: Ak\u0131l Almaz Bir B\u00fcy\u00fcme<\/h3>\n<p>Bir \u015firketin finansal sa\u011fl\u0131\u011f\u0131n\u0131 anlaman\u0131n ilk yollar\u0131ndan biri, bilan\u00e7osunun b\u00fcy\u00fckl\u00fc\u011f\u00fcne bakmakt\u0131r. Yap\u0131 Kredi Yat\u0131r\u0131m&#8217;\u0131n tablolar\u0131nda ilk g\u00f6ze \u00e7arpan nokta da tam olarak bu: devasa bir b\u00fcy\u00fcme.<\/p>\n<p><b>Konsolide Finansal Durum Tablosu<\/b>&#8216;na g\u00f6re, \u015firketin &#8220;Toplam varl\u0131klar&#8221; kalemi 31 Aral\u0131k 2024 tarihinde <b>23.210.489.634 TL<\/b> seviyesindeydi. Sadece dokuz ay sonra, 30 Eyl\u00fcl 2025 tarihinde bu rakam inan\u0131lmaz bir s\u0131\u00e7ramayla <b>65.754.885.367 TL<\/b>&#8216;ye ula\u015ft\u0131.<\/p>\n<p>Bu, dokuz ayl\u0131k k\u0131sa bir d\u00f6nemde yakla\u015f\u0131k <b>%183<\/b>&#8216;l\u00fck bir b\u00fcy\u00fcmeye i\u015faret ediyor. Bir yat\u0131r\u0131m \u015firketi i\u00e7in bu \u00f6l\u00e7ekte bir bilan\u00e7o b\u00fcy\u00fcmesi, piyasan\u0131n y\u00f6n\u00fc \u00fczerine oynanm\u0131\u015f y\u00fcksek riskli bir bahistir. \u015eirket, getirileri katlamak amac\u0131yla kald\u0131ra\u00e7 kullanarak daha fazla finansal varl\u0131k ve ayn\u0131 oranda daha fazla y\u00fck\u00fcml\u00fcl\u00fck \u00fcstlenmi\u015ftir. Bu stratejinin potansiyel getirisi ne kadar b\u00fcy\u00fckse, piyasalar\u0131n tersine d\u00f6nmesi durumunda yarataca\u011f\u0131 risk de o kadar b\u00fcy\u00fckt\u00fcr.<\/p>\n<p>Peki, bu devasa b\u00fcy\u00fcme nas\u0131l finanse edildi? Cevap yine ayn\u0131 tabloda gizli. \u015eirketin &#8220;Toplam y\u00fck\u00fcml\u00fcl\u00fckler&#8221; kalemi, 31 Aral\u0131k 2024&#8217;teki <b>10.638.358.998 TL<\/b>&#8216;den 30 Eyl\u00fcl 2025&#8217;te <b>51.929.738.490 TL<\/b>&#8216;ye f\u0131rlam\u0131\u015f. Bu, b\u00fcy\u00fcmenin neredeyse tamamen bor\u00e7lanma ile desteklendi\u011fini g\u00f6steriyor. Bu \u00f6l\u00e7ekte bir bor\u00e7lanma, \u015firketin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 ve nakit ak\u0131\u015f\u0131n\u0131 nas\u0131l etkiledi? Cevaplar, gelir tablosu ve nakit ak\u0131\u015f tablosunda gizli.<\/p>\n<h3>2. Gelirler U\u00e7arken K\u00e2r\u0131n Yerinde Saymas\u0131: B\u00fcy\u00fcmenin Bedeli mi?<\/h3>\n<p>Bilan\u00e7o b\u00fcy\u00fckl\u00fc\u011f\u00fcndeki bu patlaman\u0131n, \u015firketin gelirlerine de yans\u0131mas\u0131 beklenir. <b>Konsolide Kar veya Zarar Tablosu<\/b>&#8216;na bakt\u0131\u011f\u0131m\u0131zda, bu beklentinin kar\u015f\u0131land\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz.<\/p>\n<p>1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6neminde \u015firketin &#8220;Has\u0131lat&#8221;\u0131 <b>33.521.821.449 TL<\/b> olarak ger\u00e7ekle\u015fmi\u015f. Bu rakam, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki <b>12.385.653.273 TL<\/b>&#8216;lik has\u0131latla kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda, %170&#8217;in \u00fczerinde bir art\u0131\u015f anlam\u0131na geliyor.<\/p>\n<p>Ancak hikayenin \u015fa\u015f\u0131rt\u0131c\u0131 k\u0131sm\u0131 burada ba\u015fl\u0131yor. Gelirlerdeki bu muazzam art\u0131\u015fa ra\u011fmen, net k\u00e2r neredeyse yerinde saym\u0131\u015f, hatta hafif\u00e7e azalm\u0131\u015f. Ana ortakl\u0131\u011fa ait net d\u00f6nem k\u00e2r\u0131 (&#8220;Ana ortakl\u0131k paylar\u0131&#8221;) 2024&#8217;\u00fcn ilk dokuz ay\u0131nda <b>2.393.596.628 TL<\/b> iken, 2025&#8217;in ayn\u0131 d\u00f6neminde <b>2.226.175.419 TL<\/b> olmu\u015f.<\/p>\n<p>Bu paradoks, sadece bir &#8220;b\u00fcy\u00fcme maliyeti&#8221; de\u011fil, ayn\u0131 zamanda potansiyel bir k\u0131rm\u0131z\u0131 bayrakt\u0131r. \u015eirket, k\u00e2rl\u0131l\u0131k pahas\u0131na &#8220;gelir mi sat\u0131n al\u0131yor?&#8221; sorusunu akla getiriyor. Gelirler iki bu\u00e7uk kattan fazla artarken k\u00e2r\u0131n sabit kalmas\u0131, \u015firketin pazar pay\u0131 kazanma u\u011fruna k\u00e2r marjlar\u0131ndan feragat etti\u011finin a\u00e7\u0131k bir g\u00f6stergesidir.<\/p>\n<p>Gelirler patlarken k\u00e2r\u0131n yerinde saymas\u0131, hikayenin sadece yar\u0131s\u0131. As\u0131l \u015fa\u015f\u0131rt\u0131c\u0131 olan, bu 2,2 milyar TL&#8217;lik k\u00e2r\u0131n bile \u015firketin kasas\u0131nda kalmad\u0131\u011f\u0131n\u0131, tam tersine devasa bir nakit \u00e7\u0131k\u0131\u015f\u0131na d\u00f6n\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6rmek.<\/p>\n<h3>3. K\u00e2r Var, Nakit Nerede? 2,2 Milyar TL K\u00e2r ve Eksi 21,5 Milyar TL Nakit Ak\u0131\u015f\u0131<\/h3>\n<p>Finansal okuryazarl\u0131\u011f\u0131n en temel derslerinden biri, k\u00e2r ile nakit ak\u0131\u015f\u0131n\u0131n ayn\u0131 \u015fey olmad\u0131\u011f\u0131d\u0131r. Yap\u0131 Kredi Yat\u0131r\u0131m&#8217;\u0131n tablolar\u0131, bu dersi \u00e7arp\u0131c\u0131 rakamlarla g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p>\u015eirketin 1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6neminde <b>2.226.175.419 TL<\/b> net k\u00e2r elde etti\u011fini bir \u00f6nceki b\u00f6l\u00fcmde g\u00f6rd\u00fck. Ancak <b>Konsolide Nakit Ak\u0131\u015f Tablosu<\/b>&#8216;na bakt\u0131\u011f\u0131m\u0131zda, ayn\u0131 d\u00f6nemde &#8220;\u0130\u015fletme faaliyetlerinden nakit ak\u0131\u015flar\u0131&#8221; kaleminin <b>(21.563.536.461) TL<\/b> oldu\u011funu, yani \u015firketin kasas\u0131ndan 21,5 milyar TL&#8217;den fazla nakit \u00e7\u0131kt\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz.<\/p>\n<p>Bir \u015firket nas\u0131l hem milyarlarca lira k\u00e2r edip hem de kasas\u0131ndan milyarlarca lira nakit kaybedebilir? Cevap, \u015firketin nakdini nereye harcad\u0131\u011f\u0131nda yat\u0131yor. Nakit ak\u0131\u015f tablosunun &#8220;\u0130\u015fletme sermayesinde ger\u00e7ekle\u015fen de\u011fi\u015fimler&#8221; b\u00f6l\u00fcm\u00fc bu durumu a\u00e7\u0131kl\u0131\u011fa kavu\u015fturuyor. \u00d6zellikle iki kalem dikkat \u00e7ekiyor:<\/p>\n<ul>\n<li><b>&#8220;Finansal yat\u0131r\u0131mlardaki (art\u0131\u015f) \/ azal\u0131\u015f&#8221;: -28,5 Milyar TL.<\/b> Bu, \u015firketin fabrika kurdu\u011fu anlam\u0131na gelmiyor. Bu nakit, \u015firketin kendi portf\u00f6y\u00fcn\u00fc b\u00fcy\u00fctmek i\u00e7in daha fazla hisse senedi, tahvil ve di\u011fer finansal enstr\u00fcmanlara yat\u0131r\u0131ld\u0131.<\/li>\n<li><b>&#8220;Ticari alacaklardaki (art\u0131\u015f) \/ azal\u0131\u015f&#8221;: -23,5 Milyar TL.<\/b> Bu rakam, \u015firketin m\u00fc\u015fterilerine daha fazla bor\u00e7 verdi\u011fini g\u00f6steriyor. Ba\u015fka bir deyi\u015fle nakit, m\u00fc\u015fterilerinin daha fazla hisse senedi alabilmesi i\u00e7in onlara daha \u00e7ok bor\u00e7 (kredili i\u015flem) olarak verildi.<\/li>\n<\/ul>\n<p>Bu rakamlar, elde edilen k\u00e2r\u0131n ve bor\u00e7la sa\u011flanan fonlar\u0131n, nakit olarak kasada durmak yerine, bilan\u00e7oyu daha da b\u00fcy\u00fctmek i\u00e7in kullan\u0131ld\u0131\u011f\u0131n\u0131 net bir \u015fekilde g\u00f6steriyor.<\/p>\n<h3>Sonu\u00e7<\/h3>\n<p>Yap\u0131 Kredi Yat\u0131r\u0131m&#8217;\u0131n finansal tablolar\u0131ndan \u00e7\u0131kard\u0131\u011f\u0131m\u0131z bu \u00fc\u00e7 \u015fa\u015f\u0131rt\u0131c\u0131 ders \u2013 devasa bilan\u00e7o b\u00fcy\u00fcmesi, gelire k\u0131yasla dura\u011fan kalan k\u00e2r ve k\u00e2rl\u0131l\u0131\u011fa ra\u011fmen olu\u015fan devasa negatif nakit ak\u0131\u015f\u0131 \u2013 asl\u0131nda birbirinden ba\u011f\u0131ms\u0131z noktalar de\u011fil. Hepsi, agresif ve bor\u00e7la finanse edilen bir b\u00fcy\u00fcme stratejisinin k\u0131sa vadedeki finansal yans\u0131malar\u0131n\u0131 anlatan, birbirine ba\u011fl\u0131 bir hikayenin par\u00e7alar\u0131.<\/p>\n<p>Bu finansal tablo, bir \u015firketin ayn\u0131 anda hem etkileyici bir b\u00fcy\u00fcme g\u00f6sterebilece\u011fini, hem k\u00e2\u011f\u0131t \u00fczerinde para kazanabilece\u011fini, hem de nakit yakabilece\u011fini kan\u0131tl\u0131yor. Bu \u00fc\u00e7 z\u0131t g\u00fcc\u00fcn dengesi, \u015firketin gelecekteki kaderini belirleyecektir. Bu durum, bir \u015firketin finansal sa\u011fl\u0131\u011f\u0131n\u0131 de\u011ferlendirirken tek bir rakama tak\u0131l\u0131p kalman\u0131n ne kadar yan\u0131lt\u0131c\u0131 olabilece\u011fini de g\u00f6steriyor.<\/p>\n<p>Peki, bir \u015firketin uzun vadeli sa\u011fl\u0131\u011f\u0131 i\u00e7in sizce en \u00f6nemli g\u00f6sterge hangisidir: bilan\u00e7o b\u00fcy\u00fckl\u00fc\u011f\u00fc m\u00fc, k\u00e2rl\u0131l\u0131k m\u0131, yoksa nakit yaratma g\u00fcc\u00fc m\u00fc?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Yap\u0131 Kredi Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. 30 Eyl\u00fcl 2025 Finansal Durum Raporu: Bir Bak\u0131\u015f<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Yap\u0131 Kredi Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. ve ba\u011fl\u0131 ortakl\u0131\u011f\u0131n\u0131n (&#8220;Grup&#8221;) 1 Ocak \u2013 30 Eyl\u00fcl 2025 d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131 analiz etmektedir. Rapor, Grup&#8217;un finansal performans\u0131n\u0131, bilan\u00e7osundaki \u00f6nemli de\u011fi\u015fimleri ve nakit ak\u0131\u015f dinamiklerini \u00f6zetlemektedir. Finansal tablolar\u0131n, T\u00fcrkiye Finansal Raporlama Standartlar\u0131 (TFRS) uyar\u0131nca ve TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131na g\u00f6re enflasyon etkisine g\u00f6re d\u00fczeltildi\u011fi unutulmamal\u0131d\u0131r. T\u00fcm tutarlar, T\u00fcrk Liras\u0131&#8217;n\u0131n 30 Eyl\u00fcl 2025 tarihindeki sat\u0131n alma g\u00fcc\u00fcne g\u00f6re ifade edilmi\u015ftir.<\/p>\n<p>D\u00f6nemin en kritik bulgular\u0131 \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Bilan\u00e7o B\u00fcy\u00fcmesi:<\/b> Grup&#8217;un toplam varl\u0131klar\u0131, 2024 y\u0131l sonundaki 23,2 milyar TL&#8217;den 30 Eyl\u00fcl 2025 itibar\u0131yla %183 art\u0131\u015fla 65,7 milyar TL&#8217;ye ula\u015farak ola\u011fan\u00fcst\u00fc bir b\u00fcy\u00fcme g\u00f6stermi\u015ftir. Bu b\u00fcy\u00fcme, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde k\u0131sa vadeli finansal yat\u0131r\u0131mlar ve ticari alacaklardaki art\u0131\u015ftan kaynaklanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Karl\u0131l\u0131k:<\/b> Grup, 1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6neminde ana ortakl\u0131k paylar\u0131na d\u00fc\u015fen 2,23 milyar TL net d\u00f6nem kar\u0131 elde etmi\u015ftir. Bu rakam, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6neminde kaydedilen 2,39 milyar TL&#8217;lik kara k\u0131yasla hafif bir d\u00fc\u015f\u00fc\u015fe i\u015faret etmektedir. Enflasyon muhasebesi kaynakl\u0131 2,56 milyar TL&#8217;lik Net Parasal Pozisyon Kayb\u0131, d\u00f6nem kar\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde etkilemi\u015ftir.<\/li>\n<li><b>Finansman Yap\u0131s\u0131:<\/b> Varl\u0131klardaki art\u0131\u015f, temel olarak k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerdeki art\u0131\u015fla finanse edilmi\u015ftir. Toplam y\u00fck\u00fcml\u00fcl\u00fckler 10,6 milyar TL&#8217;den 51,9 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu art\u0131\u015f\u0131n ana kalemleri, 5,1 milyar TL&#8217;den 23,2 milyar TL&#8217;ye \u00e7\u0131kan k\u0131sa vadeli bor\u00e7lanmalar ve 3,9 milyar TL&#8217;den 26,9 milyar TL&#8217;ye y\u00fckselen ticari bor\u00e7lard\u0131r.<\/li>\n<li><b>Nakit Ak\u0131\u015f\u0131:<\/b> Grup, faaliyetlerinden 21,56 milyar TL&#8217;lik \u00f6nemli bir net nakit \u00e7\u0131k\u0131\u015f\u0131 kaydetmi\u015ftir. Bu durum, \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 7,74 milyar TL&#8217;lik nakit giri\u015fi ile keskin bir tezat olu\u015fturmaktad\u0131r. Nakit \u00e7\u0131k\u0131\u015f\u0131n\u0131n temel nedenleri, finansal yat\u0131r\u0131mlar ve ticari alacaklardaki b\u00fcy\u00fck art\u0131\u015flard\u0131r. Bu operasyonel nakit a\u00e7\u0131\u011f\u0131, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde finansman faaliyetlerinden sa\u011flanan 14,69 milyar TL&#8217;lik net nakit giri\u015fi ile kar\u015f\u0131lanm\u0131\u015ft\u0131r. Sonu\u00e7 olarak, Grubun d\u00f6nem sonu nakit ve nakit benzerleri 9,6 milyar TL azalarak 1,86 milyar TL&#8217;ye gerilemi\u015ftir.<\/li>\n<\/ul>\n<p>\u00d6zetle, 2025&#8217;in ilk dokuz ay\u0131, Yap\u0131 Kredi Yat\u0131r\u0131m i\u00e7in bilan\u00e7osunu agresif bir \u015fekilde b\u00fcy\u00fctt\u00fc\u011f\u00fc, ticari faaliyetlerini ve finansal yat\u0131r\u0131mlar\u0131n\u0131 k\u0131sa vadeli bor\u00e7lanma ile finanse etti\u011fi bir d\u00f6nem olmu\u015ftur. Karl\u0131l\u0131k devam ederken, bu b\u00fcy\u00fcme stratejisi i\u015fletme faaliyetlerinden kaynaklanan \u00f6nemli bir nakit \u00e7\u0131k\u0131\u015f\u0131na ve likidite pozisyonunda bir s\u0131k\u0131la\u015fmaya yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n<h2>Detayl\u0131 Finansal Analiz<\/h2>\n<h3>Finansal Performans (Kar ve Zarar Tablosu)<\/h3>\n<p>Grup, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda g\u00fc\u00e7l\u00fc bir has\u0131lat art\u0131\u015f\u0131 kaydetmesine ra\u011fmen, sat\u0131\u015flar\u0131n maliyetindeki daha y\u00fcksek art\u0131\u015f oran\u0131 nedeniyle br\u00fct kar marj\u0131nda bir daralma ya\u015fam\u0131\u015ft\u0131r. Enflasyon muhasebesi uygulamas\u0131, net parasal pozisyon kayb\u0131 kalemi alt\u0131nda kar\u0131 olumsuz etkilemi\u015ftir.<\/p>\n<p><b>Konsolide Kar veya Zarar Tablosu \u00d6zeti (1 Ocak &#8211; 30 Eyl\u00fcl D\u00f6nemi)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025 (TL)<\/td>\n<td>2024 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>33.521.821.449<\/td>\n<td>12.385.653.273<\/td>\n<td>+%170.6<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti (-)<\/b><\/td>\n<td>(30.423.901.267)<\/td>\n<td>(8.436.203.721)<\/td>\n<td>+%260.6<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>5.095.165.304<\/td>\n<td>5.648.340.916<\/td>\n<td>-%9.8<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>6.980.462.014<\/td>\n<td>7.368.984.643<\/td>\n<td>-%5.3<\/td>\n<\/tr>\n<tr>\n<td><b>Net Parasal Pozisyon Kay\u0131plar\u0131<\/b><\/td>\n<td>(2.558.278.152)<\/td>\n<td>(2.647.875.765)<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td><b>Vergi \u00d6ncesi Kar<\/b><\/td>\n<td>4.422.183.862<\/td>\n<td>4.721.108.878<\/td>\n<td>-%6.3<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Kar\u0131<\/b><\/td>\n<td>2.387.387.314<\/td>\n<td>2.518.243.126<\/td>\n<td>-%5.2<\/td>\n<\/tr>\n<tr>\n<td><b>Ana Ortakl\u0131k Paylar\u0131 Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td>2.226.175.419<\/td>\n<td>2.393.596.628<\/td>\n<td>-%7.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Has\u0131lat ve Maliyetler:<\/b> Has\u0131lat, \u00f6zellikle hisse senedi ve devlet tahvili sat\u0131\u015f gelirlerindeki art\u0131\u015fla %170&#8217;in \u00fczerinde b\u00fcy\u00fcm\u00fc\u015ft\u00fcr. Ancak, bu sat\u0131\u015flar\u0131n maliyeti %260 artarak br\u00fct kar\u0131 bask\u0131lam\u0131\u015ft\u0131r.<\/li>\n<li><b>Faaliyet Giderleri:<\/b> Genel y\u00f6netim giderleri (2,01 milyar TL) ve pazarlama giderleri (851 milyon TL), \u00f6nceki y\u0131la paralel seviyelerde kalm\u0131\u015ft\u0131r.<\/li>\n<li><b>Net Parasal Pozisyon Kayb\u0131:<\/b> Y\u00fcksek enflasyon ortam\u0131nda parasal varl\u0131klar\u0131n parasal y\u00fck\u00fcml\u00fcl\u00fcklerden fazla olmas\u0131 durumunda ortaya \u00e7\u0131kan sat\u0131n alma g\u00fcc\u00fc kayb\u0131, 2,56 milyar TL olarak kar\u0131 azalt\u0131c\u0131 bir etki yapm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>Finansal Durum (Bilan\u00e7o)<\/h3>\n<p>Grup&#8217;un bilan\u00e7osu, 30 Eyl\u00fcl 2025 itibar\u0131yla 2024 y\u0131l sonuna g\u00f6re \u00f6nemli \u00f6l\u00e7\u00fcde geni\u015flemi\u015ftir. Bu b\u00fcy\u00fcme, varl\u0131k ve kaynak yap\u0131s\u0131nda k\u00f6kl\u00fc de\u011fi\u015fikliklere i\u015faret etmektedir.<\/p>\n<p><b>Konsolide Finansal Durum Tablosu \u00d6zeti<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>30 Eyl\u00fcl 2025 (TL)<\/td>\n<td>31 Aral\u0131k 2024 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>63.754.800.920<\/td>\n<td>21.898.975.414<\/td>\n<td>+%191.1<\/td>\n<\/tr>\n<tr>\n<td><i>Nakit ve Nakit Benzerleri<\/i><\/td>\n<td>3.773.954.943<\/td>\n<td>13.218.029.115<\/td>\n<td>-%71.4<\/td>\n<\/tr>\n<tr>\n<td><i>Finansal Yat\u0131r\u0131mlar (K\u0131sa Vade)<\/i><\/td>\n<td>27.948.511.610<\/td>\n<td>107.237.442<\/td>\n<td>+%25962.3<\/td>\n<\/tr>\n<tr>\n<td><i>Ticari Alacaklar<\/i><\/td>\n<td>30.501.716.618<\/td>\n<td>6.927.627.060<\/td>\n<td>+%340.3<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Duran Varl\u0131klar<\/b><\/td>\n<td>2.000.084.447<\/td>\n<td>1.311.514.220<\/td>\n<td>+%52.5<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM VARLIKLAR<\/b><\/td>\n<td><b>65.754.885.367<\/b><\/td>\n<td><b>23.210.489.634<\/b><\/td>\n<td><b>+%183.3<\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>51.857.811.473<\/td>\n<td>10.571.867.071<\/td>\n<td>+%390.5<\/td>\n<\/tr>\n<tr>\n<td><i>K\u0131sa Vadeli Bor\u00e7lanmalar<\/i><\/td>\n<td>23.229.398.536<\/td>\n<td>5.057.400.253<\/td>\n<td>+%359.3<\/td>\n<\/tr>\n<tr>\n<td><i>Ticari Bor\u00e7lar<\/i><\/td>\n<td>26.852.334.411<\/td>\n<td>3.850.620.904<\/td>\n<td>+%597.4<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>71.927.017<\/td>\n<td>66.491.927<\/td>\n<td>+%8.2<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM Y\u00dcK\u00dcML\u00dcL\u00dcKLER<\/b><\/td>\n<td><b>51.929.738.490<\/b><\/td>\n<td><b>10.638.358.998<\/b><\/td>\n<td><b>+%388.1<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM \u00d6ZKAYNAKLAR<\/b><\/td>\n<td><b>13.825.146.877<\/b><\/td>\n<td><b>12.572.130.636<\/b><\/td>\n<td><b>+%10.0<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM KAYNAKLAR<\/b><\/td>\n<td><b>65.754.885.367<\/b><\/td>\n<td><b>23.210.489.634<\/b><\/td>\n<td><b>+%183.3<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Varl\u0131k Yap\u0131s\u0131ndaki De\u011fi\u015fim:<\/b> En dikkat \u00e7ekici de\u011fi\u015fim, nakit ve nakit benzerlerinin 13,2 milyar TL&#8217;den 3,8 milyar TL&#8217;ye d\u00fc\u015fmesi ve bu likiditenin k\u0131sa vadeli finansal yat\u0131r\u0131mlar (107 milyon TL&#8217;den 27,9 milyar TL&#8217;ye) ve ticari alacaklara (6,9 milyar TL&#8217;den 30,5 milyar TL&#8217;ye) kayd\u0131r\u0131lmas\u0131d\u0131r.<\/li>\n<li><b>Kaynak Yap\u0131s\u0131ndaki De\u011fi\u015fim:<\/b> Bilan\u00e7o b\u00fcy\u00fcmesi neredeyse tamamen k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerdeki art\u0131\u015fla finanse edilmi\u015ftir. \u00d6zkaynaklar ise d\u00f6nem kar\u0131 ve kar da\u011f\u0131t\u0131mlar\u0131n\u0131n etkisiyle %10&#8217;luk bir art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n<\/ul>\n<h3>Nakit Ak\u0131\u015f\u0131<\/h3>\n<p>Nakit ak\u0131\u015f tablosu, bilan\u00e7odaki agresif b\u00fcy\u00fcmenin likidite \u00fczerindeki etkisini net bir \u015fekilde g\u00f6stermektedir. \u0130\u015fletme faaliyetleri \u00f6nemli \u00f6l\u00e7\u00fcde nakit t\u00fcketirken, bu a\u00e7\u0131k bor\u00e7lanma yoluyla kapat\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p><b>Konsolide Nakit Ak\u0131\u015f Tablosu \u00d6zeti (1 Ocak &#8211; 30 Eyl\u00fcl D\u00f6nemi)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025 (TL)<\/td>\n<td>2024 (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>\u0130\u015fletme Faaliyetlerinden Nakit Ak\u0131\u015flar\u0131<\/b><\/td>\n<td><b>(21.563.536.461)<\/b><\/td>\n<td><b>7.737.506.908<\/b><\/td>\n<\/tr>\n<tr>\n<td><i>\u0130\u015fletme Sermayesindeki De\u011fi\u015fimler<\/i><\/td>\n<td>(29.166.949.060)<\/td>\n<td>490.788.582<\/td>\n<\/tr>\n<tr>\n<td><i>&#8211; Finansal Yat\u0131r\u0131mlardaki Art\u0131\u015f<\/i><\/td>\n<td>(28.550.566.879)<\/td>\n<td>(674.531.063)<\/td>\n<\/tr>\n<tr>\n<td><i>&#8211; Ticari Alacaklardaki Art\u0131\u015f<\/i><\/td>\n<td>(23.590.171.579)<\/td>\n<td>(1.714.925.791)<\/td>\n<\/tr>\n<tr>\n<td><i>&#8211; Ticari Bor\u00e7lardaki Art\u0131\u015f<\/i><\/td>\n<td>23.001.713.507<\/td>\n<td>1.671.907.031<\/td>\n<\/tr>\n<tr>\n<td><b>Yat\u0131r\u0131m Faaliyetlerinden Nakit Ak\u0131\u015flar\u0131<\/b><\/td>\n<td><b>(59.686.397)<\/b><\/td>\n<td><b>(190.896.420)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Finansman Faaliyetlerinden Nakit Ak\u0131\u015flar\u0131<\/b><\/td>\n<td><b>14.688.274.183<\/b><\/td>\n<td><b>(10.642.691.524)<\/b><\/td>\n<\/tr>\n<tr>\n<td><i>Bor\u00e7lanmadan Kaynaklanan Nakit Giri\u015fleri<\/i><\/td>\n<td>59.054.018.706<\/td>\n<td>33.309.063.420<\/td>\n<\/tr>\n<tr>\n<td><i>Bor\u00e7 \u00d6demelerine \u0130li\u015fkin Nakit \u00c7\u0131k\u0131\u015flar\u0131<\/i><\/td>\n<td>(41.693.498.452)<\/td>\n<td>(40.352.673.712)<\/td>\n<\/tr>\n<tr>\n<td><i>\u00d6denen Temett\u00fcler<\/i><\/td>\n<td>(1.132.620.019)<\/td>\n<td>(381.772.643)<\/td>\n<\/tr>\n<tr>\n<td><b>Nakit ve Nakit Benzerlerindeki Net Azal\u0131\u015f<\/b><\/td>\n<td><b>(9.609.105.697)<\/b><\/td>\n<td><b>(7.438.863.102)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Ba\u015f\u0131 Nakit ve Nakit Benzerleri<\/b><\/td>\n<td>11.471.558.223<\/td>\n<td>15.139.201.757<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Sonu Nakit ve Nakit Benzerleri<\/b><\/td>\n<td><b>1.862.452.526<\/b><\/td>\n<td><b>7.700.338.655<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Kurumsal Profil ve Raporlama Esaslar\u0131<\/h2>\n<h3>\u015eirket Yap\u0131s\u0131 ve Faaliyetleri<\/h3>\n<ul>\n<li><b>Unvan:<\/b> Yap\u0131 Kredi Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.<\/li>\n<li><b>Ana Ortak:<\/b> Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. (%99,98 pay oran\u0131)<\/li>\n<li><b>Nihai Ortak:<\/b> Ko\u00e7 Grubu (Ko\u00e7 Finansal Hizmetler A.\u015e. ve Ko\u00e7 Holding A.\u015e. arac\u0131l\u0131\u011f\u0131yla).<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131k:<\/b> Yap\u0131 Kredi Portf\u00f6y Y\u00f6netimi A.\u015e. (%87,32 pay oran\u0131 ile tam konsolidasyona tabidir).<\/li>\n<li><b>Ana Faaliyet Alan\u0131:<\/b> Sermaye Piyasas\u0131 Kurulu (SPK) taraf\u0131ndan verilen &#8220;Geni\u015f Yetkili Arac\u0131 Kurum&#8221; yetkisi \u00e7er\u00e7evesinde sermaye piyasas\u0131 faaliyetlerinde bulunmaktad\u0131r. Ba\u015fl\u0131ca faaliyetleri aras\u0131nda yurt i\u00e7i ve yurt d\u0131\u015f\u0131 i\u015flem arac\u0131l\u0131\u011f\u0131, portf\u00f6y arac\u0131l\u0131\u011f\u0131, yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131, halka arza arac\u0131l\u0131k, s\u0131n\u0131rl\u0131 saklama hizmeti ve kredili menkul k\u0131ymet i\u015flemleri yer almaktad\u0131r.<\/li>\n<li><b>\u00c7al\u0131\u015fan Say\u0131s\u0131:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla 350 ki\u015fidir (31 Aral\u0131k 2024: 337).<\/li>\n<\/ul>\n<h3>Raporlama Esaslar\u0131<\/h3>\n<ul>\n<li><b>Standartlar:<\/b> Konsolide finansal tablolar, Kamu G\u00f6zetimi Muhasebe ve Denetim Standartlar\u0131 Kurumu (KGK) taraf\u0131ndan yay\u0131mlanan T\u00fcrkiye Finansal Raporlama Standartlar\u0131&#8217;na (TFRS) uygun olarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Enflasyon Muhasebesi (TMS 29):<\/b> KGK&#8217;n\u0131n 23 Kas\u0131m 2023 tarihli duyurusu uyar\u0131nca, 31 Aral\u0131k 2024&#8217;ten itibaren finansal tablolar\u0131n enflasyon etkisine g\u00f6re d\u00fczeltilerek sunulmas\u0131 gerekmektedir. Bu rapor, s\u00f6z konusu standarda uygun olarak haz\u0131rlanm\u0131\u015ft\u0131r. Raporlama d\u00f6nemi sonundaki \u00f6l\u00e7\u00fcm birimi (30 Eyl\u00fcl 2025 sat\u0131n alma g\u00fcc\u00fc) kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kullan\u0131lan Endeksler ve Katsay\u0131lar:<\/b> | Tarih | T\u00dc\u0130K T\u00fcketici Fiyat Endeksi | | :&#8212; | :&#8212; | | 30 Eyl\u00fcl 2025 | 3367,22 | | 31 Aral\u0131k 2024 | 2684,55 | | 30 Eyl\u00fcl 2024 | 2526,16 |<\/li>\n<\/ul>\n<h2>\u00d6nemli Bilan\u00e7o Kalemlerinin Detaylar\u0131<\/h2>\n<h3>Finansal Yat\u0131r\u0131mlar<\/h3>\n<p>Grup&#8217;un k\u0131sa vadeli finansal yat\u0131r\u0131mlar\u0131, 31 Aral\u0131k 2024&#8217;teki 107,2 milyon TL&#8217;den 30 Eyl\u00fcl 2025&#8217;te 27,9 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu portf\u00f6y\u00fcn b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131 &#8220;\u0130tfa edilmi\u015f maliyetiyle \u00f6l\u00e7\u00fclen finansal varl\u0131klar&#8221; olu\u015fturmaktad\u0131r.<\/p>\n<p><b>K\u0131sa Vadeli Finansal Yat\u0131r\u0131mlar (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kategori<\/td>\n<td>Kay\u0131tl\u0131 De\u011fer (TL)<\/td>\n<\/tr>\n<tr>\n<td>\u0130tfa edilmi\u015f maliyetiyle \u00f6l\u00e7\u00fclen finansal varl\u0131klar<\/td>\n<td>26.873.692.185<\/td>\n<\/tr>\n<tr>\n<td>Ger\u00e7e\u011fe uygun de\u011fer fark\u0131 kar\/zarara yans\u0131t\u0131lan finansal varl\u0131klar<\/td>\n<td>934.644.180<\/td>\n<\/tr>\n<tr>\n<td>Ger\u00e7e\u011fe uygun de\u011fer fark\u0131 di\u011fer kapsaml\u0131 gelire yans\u0131t\u0131lan finansal varl\u0131klar<\/td>\n<td>140.175.245<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>27.948.511.610<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Bor\u00e7lanmalar<\/h3>\n<p>Grup&#8217;un k\u0131sa vadeli bor\u00e7lanmalar\u0131, 5,1 milyar TL&#8217;den 23,2 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu bor\u00e7lanman\u0131n ana kaynaklar\u0131 Takasbank Para Piyasas\u0131 ve ihra\u00e7 edilen bonolard\u0131r.<\/p>\n<p><b>K\u0131sa Vadeli Bor\u00e7lanmalar (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kategori<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td>Takasbank Para Piyasas\u0131\u2019na bor\u00e7lar<\/td>\n<td>11.692.284.656<\/td>\n<\/tr>\n<tr>\n<td>\u0130hra\u00e7 edilen bonolar<\/td>\n<td>10.987.707.833<\/td>\n<\/tr>\n<tr>\n<td>Repo i\u015flemlerinden sa\u011flanan fonlar<\/td>\n<td>353.820.589<\/td>\n<\/tr>\n<tr>\n<td>Banka kredileri<\/td>\n<td>132.168.164<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (A\u00e7\u0131\u011fa sat\u0131\u015f, Kiralama vb.)<\/td>\n<td>63.417.294<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>23.229.398.536<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>\u0130li\u015fkili Taraf \u0130\u015flemleri<\/h3>\n<p>Grup&#8217;un ana orta\u011f\u0131 Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. ve di\u011fer Ko\u00e7 Grubu \u015firketleri ile \u00f6nemli tutarda i\u015flemleri ve bakiyeleri bulunmaktad\u0131r. Bu durum, Grup&#8217;un operasyonlar\u0131n\u0131n ve finansman\u0131n\u0131n ana ortakl\u0131k ile entegre bir \u015fekilde y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir.<\/p>\n<p><b>Se\u00e7ilmi\u015f \u0130li\u015fkili Taraf Bakiyeleri (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Taraf<\/td>\n<td>Bakiye T\u00fcr\u00fc<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131 ve Kredi Bankas\u0131 A.\u015e.<\/td>\n<td>Nakit ve Nakit Benzerleri<\/td>\n<td>2.649.909.499<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131 ve Kredi Bankas\u0131 A.\u015e.<\/td>\n<td>Kullan\u0131lan Krediler (Bor\u00e7)<\/td>\n<td>132.168.164<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131 ve Kredi Bankas\u0131 A.\u015e.<\/td>\n<td>Ticari Bor\u00e7lar<\/td>\n<td>316.278.663<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131 Kredi Portf\u00f6y Yat. Fonlar\u0131<\/td>\n<td>Nakit ve Nakit Benzerleri<\/td>\n<td>1.106.257.151<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131 Kredi Portf\u00f6y Yat. Fonlar\u0131<\/td>\n<td>Finans Sekt\u00f6r\u00fc Alacaklar\u0131<\/td>\n<td>250.017.045<\/td>\n<\/tr>\n<tr>\n<td>Allianz Ya\u015fam ve Emeklilik<\/td>\n<td>Ticari Alacaklar<\/td>\n<td>144.785.946<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<button class=\"simplefavorite-button\" data-postid=\"276\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bir Finans Devinin Bilan\u00e7osundan \u00c7\u0131kar\u0131lacak 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ders Giri\u015f Finansal raporlar, \u00e7o\u011fu zaman rakamlarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 ve s\u0131k\u0131c\u0131 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu tablolar\u0131n derinliklerine inildi\u011finde, bir \u015firketin stratejisi, b\u00fcy\u00fcme h\u0131z\u0131 ve kar\u015f\u0131la\u015ft\u0131\u011f\u0131 zorluklar hakk\u0131nda inan\u0131lmaz hikayeler bar\u0131nd\u0131rd\u0131\u011f\u0131 ortaya&#8230; <\/p>\n","protected":false},"author":1,"featured_media":278,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[51],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ykyat"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/276","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"predecessor-version":[{"id":279,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/276\/revisions\/279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/278"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}