{"id":423,"date":"2025-12-23T20:49:01","date_gmt":"2025-12-23T17:49:01","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=423"},"modified":"2025-12-23T20:49:01","modified_gmt":"2025-12-23T17:49:01","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ofsym-ofis-yem-gida-sanayi-2025-9-bilanco-analizi-finansal-ve-operasyonel-sonuclar-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/423","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #OFSYM | Ofis Yem G\u0131da Sanayi 2025\/9 Bilan\u00e7o Analizi | Finansal ve Operasyonel Sonu\u00e7lar \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #OFSYM | Ofis Yem G\u0131da Sanayi 2025\/9 Bilan\u00e7o Analizi | Finansal ve Operasyonel Sonu\u00e7lar \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/t6jMLBGGQ90?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>Ofis Yem&#8217;in Bilan\u00e7osunda Gizlenen 4 \u015ea\u015f\u0131rt\u0131c\u0131 Stratejik Hamle<\/h1>\n<p>Kurumsal faaliyet raporlar\u0131 genellikle rakamlar, tablolar ve teknik jargonla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak dikkatli bir g\u00f6zle incelendi\u011finde, bu s\u0131k\u0131c\u0131 g\u00f6r\u00fcnen sayfalar\u0131n aras\u0131nda bir \u015firketin stratejik zekas\u0131n\u0131, b\u00fcy\u00fcme hikayesini ve gelece\u011fe y\u00f6nelik vizyonunu anlatan ipu\u00e7lar\u0131 gizlidir.<\/p>\n<p>T\u00fcrkiye&#8217;nin tar\u0131m ve hayvanc\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn k\u00f6kl\u00fc ve g\u00fc\u00e7l\u00fc oyuncular\u0131ndan Ofis Yem de bu \u015firketlerden biri. Bu yaz\u0131da, Ofis Yem&#8217;in son 9 ayl\u0131k faaliyet raporunun sat\u0131r aralar\u0131na dalarak, \u015firketin ba\u015far\u0131s\u0131n\u0131n arkas\u0131ndaki stratejik d\u00fc\u015f\u00fcnceyi ortaya koyan en \u015fa\u015f\u0131rt\u0131c\u0131 ve etkili d\u00f6rt \u00e7\u0131kar\u0131m\u0131 sizin i\u00e7in derledik.<\/p>\n<p><b>1. G\u00fcne\u015f Enerjisine Yap\u0131lan Dev Yat\u0131r\u0131m: Sadece Yem De\u011fil, Enerji de \u00dcretiyorlar<\/b><\/p>\n<p>Ofis Yem, yenilenebilir enerjiye yapt\u0131\u011f\u0131 stratejik yat\u0131r\u0131mla dikkat \u00e7ekiyor. \u015eirket, Malatya&#8217;da kurulmas\u0131 planlanan G\u00fcne\u015f Enerjisi Santrali (GES) projesi i\u00e7in \u00f6nemli bir ad\u0131m att\u0131. Rapora g\u00f6re bu santral, 9.912,24 kWp \/ 8.500,00 kWe kurulu g\u00fcce sahip olacak ve y\u0131ll\u0131k yakla\u015f\u0131k 15.200.000 kWh enerji \u00fcretmesi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n<p>Bu yat\u0131r\u0131m\u0131n en \u00e7arp\u0131c\u0131 sonucu ise finansal tablolara yans\u0131mas\u0131. Bu giri\u015fim sayesinde \u015firketin y\u0131ll\u0131k enerji maliyetinde yakla\u015f\u0131k <b>50.000.000 TL<\/b> tutar\u0131nda bir tasarruf sa\u011flamas\u0131 hedefleniyor. Bu hamle, basit bir maliyet kontrol\u00fcn\u00fcn \u00e7ok \u00f6tesinde bir anlam ta\u015f\u0131yor. T\u00fcrkiye&#8217;nin dalgal\u0131 enerji piyasas\u0131nda operasyonel riskleri azaltarak, \u015firkete uzun vadeli ve \u00f6ng\u00f6r\u00fclebilir bir i\u015f modeli in\u015fa etme imkan\u0131 tan\u0131yor. Bu ayn\u0131 zamanda, giderek artan ESG (\u00c7evresel, Sosyal ve Y\u00f6neti\u015fim) odakl\u0131 yat\u0131r\u0131mc\u0131 s\u0131n\u0131f\u0131na hitap eden, \u015firketin s\u00fcrd\u00fcr\u00fclebilirlik ve dayan\u0131kl\u0131l\u0131k konusundaki kararl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steren bir ad\u0131md\u0131r.<\/p>\n<p><b>2. Limanlara Uzanan Stratejik Hamle: Tedarik Zincirini G\u00fcvence Alt\u0131na Almak<\/b><\/p>\n<p>Ofis Yem, <b>255.000.000 TL<\/b> bedelle &#8220;Eymencem G\u0131da Yat\u0131r\u0131m ve Ticaret Anonim \u015eirketi&#8221;ni sat\u0131n alarak tedarik zinciri \u00fczerinde tam kontrol sa\u011flama yolunda kritik bir ad\u0131m att\u0131. Rapor, bu sat\u0131n alman\u0131n stratejik nedenini net bir \u015fekilde ortaya koyuyor: Eymencem G\u0131da&#8217;n\u0131n aktifinde, Kocaeli limanlar b\u00f6lgesinde depo ve silo yap\u0131m\u0131na uygun gayrimenkuller bulunuyor.<\/p>\n<p>Bu, basit bir gayrimenkul yat\u0131r\u0131m\u0131ndan \u00e7ok daha fazlas\u0131. Pandemi sonras\u0131 ya\u015fanan tedarik zinciri kesintileri, Karadeniz tah\u0131l koridoru gibi jeopolitik riskler ve k\u00fcresel emtia fiyatlar\u0131ndaki oynakl\u0131k d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde, bu hamle k\u00fcresel kaosa kar\u015f\u0131 do\u011frudan bir sigorta niteli\u011findedir. Ofis Yem, bu yat\u0131r\u0131mla hammadde ithalat ve depolama kapasitesini art\u0131rarak \u00fc\u00e7\u00fcnc\u00fc partilere olan ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131yor ve operasyonlar\u0131n\u0131 d\u0131\u015f \u015foklara kar\u015f\u0131 daha korunakl\u0131 hale getiriyor.<\/p>\n<p><b>3. G\u00f6zden Ka\u00e7an Patlama: K\u00fc\u00e7\u00fckba\u015f Yemi Sat\u0131\u015flar\u0131 Neden %63 Artt\u0131?<\/b><\/p>\n<p>Faaliyet raporundaki en \u015fa\u015f\u0131rt\u0131c\u0131 b\u00fcy\u00fcme verilerinden biri, ni\u015f bir pazarda ya\u015fand\u0131. 2025&#8217;in ilk 9 ay\u0131 ile 2024&#8217;\u00fcn ayn\u0131 d\u00f6nemi kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda, \u015firketin en b\u00fcy\u00fck kategorisi olan &#8220;Besi Yemi&#8221; sat\u0131\u015flar\u0131 %3,18 gibi m\u00fctevaz\u0131 bir art\u0131\u015f g\u00f6sterirken, &#8220;K\u00fc\u00e7\u00fckba\u015f Yemi&#8221; sat\u0131\u015flar\u0131 <b>%62,76<\/b>&#8216;l\u0131k devasa bir art\u0131\u015fla 12.428 tondan 20.563 tona f\u0131rlad\u0131.<\/p>\n<p>Bu s\u0131ra d\u0131\u015f\u0131 trend, basit bir pazar ba\u015far\u0131s\u0131ndan daha derin anlamlar i\u00e7eriyor. Bu %63&#8217;l\u00fck patlama, Ofis Yem&#8217;in koyun ve ke\u00e7i yeti\u015ftiricili\u011fini hedefleyen devlet te\u015fviklerinden ba\u015far\u0131l\u0131 bir \u015fekilde yararland\u0131\u011f\u0131na veya T\u00fcrkiye tar\u0131m\u0131nda, pahal\u0131 ve b\u00fcy\u00fck besi \u00e7iftliklerine daha az ba\u011f\u0131ml\u0131, daha k\u00fc\u00e7\u00fck \u00f6l\u00e7ekli ve dayan\u0131kl\u0131 hayvanc\u0131l\u0131\u011fa do\u011fru bir kayma ya\u015fand\u0131\u011f\u0131na i\u015faret ediyor olabilir. Her iki durumda da \u015firket, sekt\u00f6rdeki makro de\u011fi\u015fimleri \u00f6ng\u00f6rerek do\u011fru ni\u015f pazara odaklanm\u0131\u015f g\u00f6r\u00fcn\u00fcyor.<\/p>\n<p><b>4. Borsay\u0131 Sallayan Performans: Yat\u0131r\u0131mc\u0131s\u0131n\u0131n Y\u00fcz\u00fcn\u00fc G\u00fcld\u00fcren %72&#8217;lik Getiri<\/b><\/p>\n<p>Rakamlar yalan s\u00f6ylemez: 30 Eyl\u00fcl 2024 ile 30 Eyl\u00fcl 2025 tarihleri aras\u0131nda Ofis Yem hissesi (OFSYM), yat\u0131r\u0131mc\u0131s\u0131na <b>%72<\/b>&#8216;lik bir getiri sa\u011flad\u0131. Bu performans\u0131 daha anlaml\u0131 k\u0131lan ise kar\u015f\u0131la\u015ft\u0131rmas\u0131: Ayn\u0131 d\u00f6nemde BIST 100 endeksi (XU100) sadece <b>%14<\/b> getiri sa\u011flad\u0131. \u015eirketin finansal g\u00fcc\u00fcn\u00fc teyit eden bir di\u011fer geli\u015fme ise kredi derecelendirme kurulu\u015fu JCR Avrasya&#8217;n\u0131n, \u015firketin Uzun Vadeli Ulusal Kurum Kredi Notu&#8217;nu &#8220;A (tr)&#8221; seviyesine y\u00fckseltmesi oldu.<\/p>\n<p>BIST 100&#8217;e kar\u015f\u0131 bu dikkat \u00e7ekici \u00fcst\u00fcn performans tesad\u00fcfi de\u011fil; bu, piyasan\u0131n yukar\u0131da detayland\u0131r\u0131lan enerji, lojistik ve ni\u015f pazar penetrasyonu gibi stratejik, risk azalt\u0131c\u0131 ve ileri g\u00f6r\u00fc\u015fl\u00fc hamlelere verdi\u011fi do\u011frudan bir onay\u0131n yans\u0131mas\u0131d\u0131r. Raporun da alt\u0131n\u0131 \u00e7izdi\u011fi gibi:<\/p>\n<p>Ofis Yem bug\u00fcn, T\u00fcrkiye\u2019nin d\u00f6rt bir yan\u0131ndaki entegre yem \u00fcretim tesisleriyle tar\u0131m ve hayvanc\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn g\u00fcvenilir \u00e7\u00f6z\u00fcm ortaklar\u0131ndan biri olmay\u0131 s\u00fcrd\u00fcrmektedir.<\/p>\n<p><b>Rakamlar\u0131n Arkas\u0131ndaki Strateji<\/b><\/p>\n<p>Bu d\u00f6rt \u00e7\u0131kar\u0131m, bir \u015firketin finansal raporunun, do\u011fru yerlere bak\u0131ld\u0131\u011f\u0131nda ne kadar zengin bir stratejik vizyon hikayesi anlatabilece\u011finin kan\u0131t\u0131d\u0131r. Ofis Yem; enerji, lojistik, pazar odaklanmas\u0131 ve finansal performans alanlar\u0131nda att\u0131\u011f\u0131 ad\u0131mlarla sadece yem \u00fcreten bir firma olman\u0131n \u00f6tesinde, sekt\u00f6r\u00fcn gelece\u011fini \u015fekillendiren bir akt\u00f6r oldu\u011funu g\u00f6steriyor. \u015eirketin stratejik kimli\u011fi, agresif b\u00fcy\u00fcmeyi defansif bir dayan\u0131kl\u0131l\u0131kla ustaca dengeleyen bir yap\u0131 sergiliyor.<\/p>\n<p>Ofis Yem b\u00fcy\u00fcmeye ve yenilik yapmaya devam ederken, as\u0131l soru \u015fu: T\u00fcrkiye&#8217;de tar\u0131m\u0131n gelece\u011fini \u015fekillendirmek i\u00e7in bir sonraki b\u00fcy\u00fck hamleleri ne olacak?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Ofis Yem G\u0131da Sanayi ve Ticaret A.\u015e. Faaliyet Raporu \u00d6zeti (30 Eyl\u00fcl 2025)<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Ofis Yem G\u0131da Sanayi ve Ticaret A.\u015e.&#8217;nin 01 Ocak 2025 &#8211; 30 Eyl\u00fcl 2025 d\u00f6nemine ait faaliyetlerini ve finansal sonu\u00e7lar\u0131n\u0131 kapsaml\u0131 bir \u015fekilde analiz etmektedir. Rapor, \u015firketin operasyonel b\u00fcy\u00fcmesini, stratejik yat\u0131r\u0131mlar\u0131n\u0131, finansal performans\u0131n\u0131 ve kar\u015f\u0131la\u015ft\u0131\u011f\u0131 riskleri \u00f6zetlemektedir.<\/p>\n<p>D\u00f6nemin \u00f6ne \u00e7\u0131kan finansal geli\u015fmesi, \u015firketin has\u0131lat\u0131ndaki d\u00fc\u015f\u00fc\u015fe ra\u011fmen net k\u00e2r\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rmas\u0131d\u0131r. 2025&#8217;in ilk dokuz ay\u0131nda konsolide has\u0131lat 12,5 milyar TL olarak ger\u00e7ekle\u015firken, net d\u00f6nem k\u00e2r\u0131 bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %40,7 artarak 352 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bu performans, operasyonel k\u00e2rl\u0131l\u0131ktaki art\u0131\u015f ve etkin maliyet y\u00f6netiminin bir sonucudur. Sat\u0131\u015f hacmi a\u00e7\u0131s\u0131ndan, ana faaliyet alan\u0131 olan yem sat\u0131\u015flar\u0131 ton baz\u0131nda %2,5 art\u0131\u015f g\u00f6sterirken, ticari mal sat\u0131\u015flar\u0131ndaki d\u00fc\u015f\u00fc\u015f toplam sat\u0131\u015f hacminde %9,56&#8217;l\u0131k bir azalmaya neden olmu\u015ftur.<\/p>\n<p>\u015eirket, d\u00f6nem i\u00e7inde b\u00fcy\u00fcme odakl\u0131 stratejik ad\u0131mlar atm\u0131\u015ft\u0131r. Hammadde ithalat ve depolama kapasitesini art\u0131rma hedefi do\u011frultusunda, Kocaeli limanlar b\u00f6lgesinde depo ve antrepo yap\u0131m\u0131na uygun arazilere sahip Eymencem G\u0131da Yat\u0131r\u0131m ve Ticaret A.\u015e. 255 milyon TL bedelle sat\u0131n al\u0131nm\u0131\u015ft\u0131r. Ayr\u0131ca, Ankara Polatl\u0131&#8217;da 36 milyon TL&#8217;ye arsa al\u0131m\u0131 ger\u00e7ekle\u015ftirilmi\u015f ve Malatya ile Sungurlu&#8217;daki G\u00fcne\u015f Enerjisi Santrali (GES) projelerinde \u00f6nemli ilerlemeler kaydedilmi\u015ftir. Bu projelerin, \u015firketin enerji maliyetlerini ciddi oranda d\u00fc\u015f\u00fcrmesi hedeflenmektedir.<\/p>\n<p>Pay sahiplerine de\u011fer yaratma oda\u011f\u0131, k\u00e2r da\u011f\u0131t\u0131m\u0131 ve pay geri al\u0131m programlar\u0131 ile devam etmi\u015ftir. 2024 y\u0131l\u0131 k\u00e2r\u0131n\u0131n %32&#8217;sinin da\u011f\u0131t\u0131lmas\u0131 kararla\u015ft\u0131r\u0131l\u0131rken, ba\u015flat\u0131lan pay geri al\u0131m program\u0131 \u00e7er\u00e7evesinde d\u00f6nem i\u00e7inde 850.000 adet pay geri al\u0131nm\u0131\u015ft\u0131r. Bu geli\u015fmeler, OFSYM hisse senedinin bir y\u0131ll\u0131k periyotta %72&#8217;lik bir getiri sa\u011flayarak BIST 100 endeksini (%14) a\u00e7\u0131k ara geride b\u0131rakmas\u0131na katk\u0131da bulunmu\u015ftur.<\/p>\n<p>Finansal riskler aras\u0131nda en dikkat \u00e7ekici olan\u0131, \u015firketin 1,64 milyar TL&#8217;ye ula\u015fan net yabanc\u0131 para pozisyon a\u00e7\u0131\u011f\u0131d\u0131r. Bu durum, \u015firketi kur dalgalanmalar\u0131na kar\u015f\u0131 hassas k\u0131lmakta olup, TL&#8217;deki %10&#8217;luk bir de\u011fer kayb\u0131n\u0131n k\u00e2r\/zarar \u00fczerinde yakla\u015f\u0131k 164 milyon TL&#8217;lik olumsuz bir etki yaratabilece\u011fini g\u00f6stermektedir.<\/p>\n<h2>1. \u015eirket Profili ve Operasyonel Faaliyetler<\/h2>\n<h3>1.1. Faaliyet Alan\u0131 ve Tarih\u00e7e<\/h3>\n<p>Ofis Yem G\u0131da Sanayi ve Ticaret A.\u015e. (Ofis Yem), her t\u00fcrl\u00fc canl\u0131 hayvan i\u00e7in vitaminli ve normal yemlerin imalat\u0131, sat\u0131\u015f\u0131 ve pazarlamas\u0131 alan\u0131nda faaliyet g\u00f6stermektedir. \u015eirket ayn\u0131 zamanda yem \u00fcretiminde kullan\u0131lan hammaddelerin ithalat\u0131 ve sat\u0131\u015f\u0131n\u0131 da ger\u00e7ekle\u015ftirmektedir.<\/p>\n<p>\u015eirketin temelleri 1993 y\u0131l\u0131nda at\u0131lm\u0131\u015f, 1997 y\u0131l\u0131nda ise Ankara&#8217;da &#8220;Ankara Ofis Yem G\u0131da ve Makine Sanayi Ticaret A.\u015e.&#8221; unvan\u0131yla resmi olarak kurulmu\u015ftur. \u015eirket, T\u00fcrkiye genelindeki entegre \u00fcretim tesisleriyle tar\u0131m ve hayvanc\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn \u00f6nemli tedarik\u00e7ilerinden biri olarak konumlanm\u0131\u015ft\u0131r.<\/p>\n<h3>1.2. \u00dcretim Tesisleri ve Kapasite<\/h3>\n<p>Ofis Yem, T\u00fcrkiye&#8217;nin farkl\u0131 b\u00f6lgelerinde stratejik olarak konumland\u0131r\u0131lm\u0131\u015f d\u00f6rt yem fabrikas\u0131 ile faaliyet g\u00f6stermektedir. Be\u015finci fabrika yat\u0131r\u0131m\u0131n\u0131n in\u015fas\u0131 ise devam etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Fabrika Lokasyonu<\/td>\n<td>Kurulu\u015f\/Devralma Y\u0131l\u0131<\/td>\n<td>\u00dcretim Kapasitesi (ton\/saat)<\/td>\n<\/tr>\n<tr>\n<td>Ankara (\u00c7ubuk)<\/td>\n<td>1997<\/td>\n<td>75<\/td>\n<\/tr>\n<tr>\n<td>Kars<\/td>\n<td>2010<\/td>\n<td>35<\/td>\n<\/tr>\n<tr>\n<td>Manisa (Salihli)<\/td>\n<td>2012<\/td>\n<td>60<\/td>\n<\/tr>\n<tr>\n<td>Adana (Sar\u0131\u00e7am)<\/td>\n<td>2024<\/td>\n<td>80<\/td>\n<\/tr>\n<tr>\n<td><b>Samsun<\/b><\/td>\n<td><i>\u0130n\u015faat halinde<\/i><\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Adana&#8217;daki tesis, tam kapasiteye ula\u015ft\u0131\u011f\u0131nda y\u0131ll\u0131k 300.000 ton \u00fcretim yapabilecek bir altyap\u0131ya sahiptir. Samsun&#8217;da kurulmakta olan yeni fabrika ile \u015firketin co\u011frafi eri\u015fiminin ve \u00fcretim g\u00fcc\u00fcn\u00fcn daha da artmas\u0131 hedeflenmektedir.<\/p>\n<h2>2. Finansal Performans ve Sat\u0131\u015f Hacmi<\/h2>\n<h3>2.1. Sat\u0131\u015f Hacmi Analizi<\/h3>\n<p>\u015eirketin 2025 y\u0131l\u0131n\u0131n ilk dokuz ayl\u0131k d\u00f6nemindeki toplam sat\u0131\u015f hacmi, ticari mal sat\u0131\u015flar\u0131ndaki daralma nedeniyle bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %9,56 oran\u0131nda azalm\u0131\u015ft\u0131r. Ancak, ana faaliyet konusu olan yem sat\u0131\u015flar\u0131nda %2,50&#8217;lik bir art\u0131\u015f kaydedilmi\u015ftir. \u00d6zellikle k\u00fc\u00e7\u00fckba\u015f ve kanatl\u0131 yemi sat\u0131\u015flar\u0131ndaki g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme dikkat \u00e7ekmektedir.<\/p>\n<p><b>Yem ve Ticari Mal Sat\u0131\u015flar\u0131 (Bin Ton)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u00dcr\u00fcn Grubu<\/td>\n<td>30.09.2024<\/td>\n<td>30.09.2025<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Besi Yemi<\/td>\n<td>461.901<\/td>\n<td>470.901<\/td>\n<td>3,18%<\/td>\n<\/tr>\n<tr>\n<td>Kanatl\u0131 Yemi<\/td>\n<td>0<\/td>\n<td>1.375<\/td>\n<td>100,00%<\/td>\n<\/tr>\n<tr>\n<td>K\u00fc\u00e7\u00fckba\u015f Yemi<\/td>\n<td>12.428<\/td>\n<td>20.563<\/td>\n<td>62,76%<\/td>\n<\/tr>\n<tr>\n<td>S\u00fct Yemi<\/td>\n<td>131.135<\/td>\n<td>130.635<\/td>\n<td>-6,64%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Yem<\/b><\/td>\n<td><b>605.464<\/b><\/td>\n<td><b>623.474<\/b><\/td>\n<td><b>2,50%<\/b><\/td>\n<\/tr>\n<tr>\n<td>Ticari Mal<\/td>\n<td>541.249<\/td>\n<td>413.586<\/td>\n<td>-30,87%<\/td>\n<\/tr>\n<tr>\n<td><b>GENEL TOPLAM<\/b><\/td>\n<td><b>1.146.713<\/b><\/td>\n<td><b>1.037.060<\/b><\/td>\n<td><b>-9,56%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Konsolide Finansal Sonu\u00e7lar<\/h3>\n<p>\u015eirketin finansal tablolar\u0131, TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama Standard\u0131) uygulanarak haz\u0131rlanm\u0131\u015ft\u0131r. 2025&#8217;in ilk dokuz ay\u0131nda has\u0131lat bir \u00f6nceki y\u0131la g\u00f6re d\u00fc\u015f\u00fc\u015f g\u00f6sterse de, k\u00e2rl\u0131l\u0131k marjlar\u0131ndaki iyile\u015fme net d\u00f6nem k\u00e2r\u0131nda \u00f6nemli bir art\u0131\u015f sa\u011flam\u0131\u015ft\u0131r.<\/p>\n<p><b>\u00d6zet Gelir Tablosu (01.01 &#8211; 30.09 D\u00f6nemi)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2024 (TL)<\/td>\n<td>2025 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>14.365.074.388<\/td>\n<td>12.545.276.004<\/td>\n<td>-12,7%<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r<\/td>\n<td>1.857.161.142<\/td>\n<td>1.530.832.252<\/td>\n<td>-17,6%<\/td>\n<\/tr>\n<tr>\n<td><i>Br\u00fct K\u00e2r Marj\u0131<\/i><\/td>\n<td><i>%12,93<\/i><\/td>\n<td><i>%12,20<\/i><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r\u0131<\/td>\n<td>1.434.889.540<\/td>\n<td>1.423.176.033<\/td>\n<td>-0,8%<\/td>\n<\/tr>\n<tr>\n<td><i>Esas Faaliyet K\u00e2r Marj\u0131<\/i><\/td>\n<td><i>%9,99<\/i><\/td>\n<td><i>%11,34<\/i><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net D\u00f6nem K\u00e2r\u0131<\/td>\n<td>250.228.325<\/td>\n<td>351.978.030<\/td>\n<td>+40,7%<\/td>\n<\/tr>\n<tr>\n<td><i>Net D\u00f6nem K\u00e2r Marj\u0131<\/i><\/td>\n<td><i>%1,74<\/i><\/td>\n<td><i>%2,81<\/i><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.3. Finansal Durum Tablosu<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla \u015firketin toplam varl\u0131klar\u0131 9,67 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. \u00d6zkaynaklar ise 4 milyar TL&#8217;yi a\u015farak g\u00fc\u00e7l\u00fc bir finansal yap\u0131ya i\u015faret etmektedir.<\/p>\n<p><b>\u00d6zet Bilan\u00e7o<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31.12.2024 (TL)<\/td>\n<td>30.09.2025 (TL)<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>4.918.588.218<\/td>\n<td>7.030.042.379<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>2.144.795.033<\/td>\n<td>2.641.079.134<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>7.063.383.251<\/b><\/td>\n<td><b>9.671.121.513<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>2.999.236.223<\/td>\n<td>4.468.823.753<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>341.677.162<\/td>\n<td>1.177.058.637<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>3.340.913.385<\/b><\/td>\n<td><b>5.645.882.390<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>3.722.469.866<\/b><\/td>\n<td><b>4.025.239.123<\/b><\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>1,64<\/td>\n<td>1,57<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Kurumsal Yap\u0131 ve Y\u00f6netim<\/h2>\n<h3>3.1. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirket, kay\u0131tl\u0131 sermaye sistemine tabi olup 2023-2027 y\u0131llar\u0131 i\u00e7in kay\u0131tl\u0131 sermaye tavan\u0131 650.000.000 TL&#8217;dir. \u00c7\u0131kar\u0131lm\u0131\u015f sermayesi ise 146.250.000 TL&#8217;dir. Sermaye, imtiyazl\u0131 oy hakk\u0131na sahip A Grubu ve B Grubu paylardan olu\u015fmaktad\u0131r. A Grubu paylar\u0131n genel kurulda 5 oy hakk\u0131 bulunmaktad\u0131r.<\/p>\n<p><b>Ortakl\u0131k Yap\u0131s\u0131 (30.09.2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak<\/td>\n<td>Sermaye Pay\u0131 (TL)<\/td>\n<td>Sermaye Pay\u0131 (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Galip YE\u015e\u0130LBA\u015e<\/td>\n<td>29.900.000<\/td>\n<td>20,44<\/td>\n<td>36,90<\/td>\n<\/tr>\n<tr>\n<td>Salih YE\u015e\u0130LBA\u015e<\/td>\n<td>23.400.000<\/td>\n<td>16,00<\/td>\n<td>9,40<\/td>\n<\/tr>\n<tr>\n<td>Agah MAMALO\u011eLU<\/td>\n<td>21.450.000<\/td>\n<td>14,67<\/td>\n<td>19,00<\/td>\n<\/tr>\n<tr>\n<td>Ofis Holding A.\u015e.<\/td>\n<td>19.500.000<\/td>\n<td>13,33<\/td>\n<td>7,80<\/td>\n<\/tr>\n<tr>\n<td>Bekir TA\u015eKALDIRAN<\/td>\n<td>16.250.000<\/td>\n<td>11,11<\/td>\n<td>12,70<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer ve Halka A\u00e7\u0131k<\/td>\n<td>35.750.000<\/td>\n<td>24,45<\/td>\n<td>14,20<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>146.250.000<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u0130sim\/Unvan<\/td>\n<td>G\u00f6rev<\/td>\n<\/tr>\n<tr>\n<td><b>Y\u00f6netim Kurulu<\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Bekir TA\u015eKALDIRAN<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<\/tr>\n<tr>\n<td>Agah MAMALO\u011eLU<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Vekili<\/td>\n<\/tr>\n<tr>\n<td><b>\u00dcst Y\u00f6netim<\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adem \u015eAH\u0130N<\/td>\n<td>Genel M\u00fcd\u00fcr<\/td>\n<\/tr>\n<tr>\n<td>Abdullah TEPE<\/td>\n<td>Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131 \u2013 Mali \u0130\u015fler<\/td>\n<\/tr>\n<tr>\n<td>G\u00fcven \u00c7OBANYILDIZI<\/td>\n<td>Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131 \u2013 Sat\u0131\u015f Pazarlama<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.3. Ba\u011fl\u0131 Ortakl\u0131klar ve \u0130\u015ftirakler<\/h3>\n<p>Ofis Yem, operasyonel g\u00fcc\u00fcn\u00fc ve sekt\u00f6rdeki konumunu ba\u011fl\u0131 ortakl\u0131klar\u0131 arac\u0131l\u0131\u011f\u0131yla peki\u015ftirmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Unvan<\/td>\n<td>Sermayedeki Pay Oran\u0131 (%)<\/td>\n<td>Faaliyet Konusu<\/td>\n<\/tr>\n<tr>\n<td>Ofis Acay G\u0131da Tar\u0131m Hayv. San. Ve Tic. A.\u015e.<\/td>\n<td>51,00<\/td>\n<td>B\u00fcy\u00fckba\u015f karma hayvan yemi \u00fcretimi ve sat\u0131\u015f\u0131<\/td>\n<\/tr>\n<tr>\n<td>Ofis Yem Lida\u015f Tar\u0131m \u00dcr\u00fcnleri Lisansl\u0131 Depoculuk A.\u015e.<\/td>\n<td>100,00<\/td>\n<td>Lisansl\u0131 depoculuk (90.000 ton kapasiteli yat\u0131r\u0131m)<\/td>\n<\/tr>\n<tr>\n<td>Eymencem G\u0131da Yat\u0131r\u0131m ve Tic. A.\u015e.<\/td>\n<td>100,00<\/td>\n<td>Antrepo\/depo yap\u0131m\u0131na uygun arazi yat\u0131r\u0131mlar\u0131<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>4. D\u00f6nemin \u00d6nemli Geli\u015fmeleri ve Stratejik Ad\u0131mlar<\/h2>\n<ul>\n<li><b>Yat\u0131r\u0131mlar ve B\u00fcy\u00fcme:<\/b>\n<ul>\n<li><b>Eymencem G\u0131da Sat\u0131n Al\u0131m\u0131:<\/b> Hammadde arz g\u00fcvenli\u011fi ve depolama ihtiya\u00e7lar\u0131 do\u011frultusunda, Kocaeli K\u00f6rfez&#8217;de depo ve antrepo yap\u0131m\u0131na elveri\u015fli gayrimenkullere sahip olan Eymencem G\u0131da Yat\u0131r\u0131m ve Ticaret A.\u015e.&#8217;nin tamam\u0131 255.000.000 TL bedelle sat\u0131n al\u0131nd\u0131.<\/li>\n<li><b>Arsa Al\u0131m\u0131:<\/b> B\u00fcy\u00fcme hedefleri kapsam\u0131nda Ankara, Polatl\u0131&#8217;da 26.698 m\u00b2 b\u00fcy\u00fckl\u00fc\u011f\u00fcnde bir arsa 36.000.000 TL bedelle sat\u0131n al\u0131nd\u0131.<\/li>\n<\/ul>\n<\/li>\n<li><b>Enerji Projeleri (GES):<\/b>\n<ul>\n<li><b>Malatya GES Projesi:<\/b> 9,9 MWp g\u00fcc\u00fcnde lisanss\u0131z GES projesi i\u00e7in \u00e7a\u011fr\u0131 mektubu al\u0131nd\u0131. Santralin y\u0131ll\u0131k yakla\u015f\u0131k 15,2 milyon kWh enerji \u00fcretmesi ve enerji maliyetlerinde y\u0131ll\u0131k yakla\u015f\u0131k 50 milyon TL tasarruf sa\u011flamas\u0131 hedefleniyor.<\/li>\n<li><b>Sungurlu GES Projesi:<\/b> \u00c7orum Sungurlu&#8217;daki projenin \u00c7evresel Etki De\u011ferlendirmesi (\u00c7ED) s\u00fcreci ba\u015far\u0131yla tamamland\u0131.<\/li>\n<\/ul>\n<\/li>\n<li><b>Finansal Geli\u015fmeler:<\/b>\n<ul>\n<li><b>Kredi Derecelendirmesi:<\/b> Kredi derecelendirme kurulu\u015fu JCR Avrasya, \u015firketin Uzun Vadeli Ulusal Kurum Kredi Notu&#8217;nu &#8220;A-&#8221; seviyesinden &#8220;A (tr)&#8221; seviyesine y\u00fckseltti. G\u00f6r\u00fcn\u00fcm &#8220;Stabil&#8221; olarak belirlendi.<\/li>\n<li><b>Yeni \u0130\u015f \u0130li\u015fkisi:<\/b> ABD men\u015feli DDGS (dam\u0131t\u0131k kurutulmu\u015f tah\u0131l ve \u00e7\u00f6z\u00fcn\u00fcrleri) al\u0131m\u0131 i\u00e7in \u00f6zel bir firma ile 5.050.000 USD tutar\u0131nda bir anla\u015fma yap\u0131ld\u0131.<\/li>\n<\/ul>\n<\/li>\n<li><b>Pay Sahipleri Aksiyonlar\u0131:<\/b>\n<ul>\n<li><b>K\u00e2r Pay\u0131 Da\u011f\u0131t\u0131m\u0131:<\/b> 22.07.2025 tarihli Genel Kurul&#8217;da, 2024 y\u0131l\u0131 k\u00e2r\u0131n\u0131n br\u00fct %32&#8217;sine denk gelen tutar\u0131n iki e\u015fit taksitte (30.09.2025 ve 25.11.2025) \u00f6denmesine karar verildi.<\/li>\n<li><b>Pay Geri Al\u0131m\u0131:<\/b> 25.03.2025&#8217;te ba\u015flat\u0131lan program kapsam\u0131nda, 30.09.2025&#8217;e kadar toplam 850.000 adet pay, ortalama 49,63 TL maliyetle geri al\u0131nd\u0131.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>5. Risk Y\u00f6netimi<\/h2>\n<h3>5.1. Kur Riski<\/h3>\n<p>\u015eirketin finansal yap\u0131s\u0131ndaki en \u00f6nemli risk unsuru yabanc\u0131 para pozisyonudur. 30 Eyl\u00fcl 2025 itibar\u0131yla, Grubun <b>1.641.975.960 TL net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc<\/b> bulunmaktad\u0131r. Bu rakam, 2024 y\u0131l sonundaki 276.781.672 TL&#8217;lik pozisyona g\u00f6re \u00f6nemli bir art\u0131\u015fa i\u015faret etmektedir.<\/p>\n<ul>\n<li><b>Duyarl\u0131l\u0131k Analizi:<\/b> T\u00fcrk Liras\u0131&#8217;n\u0131n ABD Dolar\u0131 ve Avro kar\u015f\u0131s\u0131nda %10 de\u011fer kaybetmesi durumunda, \u015firketin k\u00e2r\/zarar tablosunda yakla\u015f\u0131k <b>164,2 milyon TL<\/b> tutar\u0131nda olumsuz bir etki olu\u015faca\u011f\u0131 hesaplanmaktad\u0131r.<\/li>\n<\/ul>\n<h3>5.2. Sermaye ve Likidite Riski<\/h3>\n<p>\u015eirket, bor\u00e7luluk ve \u00f6zkaynak dengesini etkin bir \u015fekilde y\u00f6netmektedir. Net finansal borcun \u00f6zkaynaklara oran\u0131 %27 seviyesindedir, bu da y\u00f6netilebilir bir bor\u00e7luluk d\u00fczeyine i\u015faret etmektedir.<\/p>\n<ul>\n<li><b>Net Finansal Bor\u00e7 \/ \u00d6zkaynak Oran\u0131 (30.09.2025):<\/b> 27%<\/li>\n<\/ul>\n<p>Grup, likidite riskini, tahmini ve fiili nakit ak\u0131mlar\u0131n\u0131 d\u00fczenli olarak takip ederek ve yeterli fon rezervlerini koruyarak y\u00f6netmektedir.<\/p>\n<h2>6. Hisse Performans\u0131<\/h2>\n<p>Ofis Yem (OFSYM) hissesi, 30 Eyl\u00fcl 2024 &#8211; 30 Eyl\u00fcl 2025 tarihleri aras\u0131ndaki bir y\u0131ll\u0131k d\u00f6nemde BIST 100 endeksinin \u00fczerinde bir performans sergilemi\u015ftir.<\/p>\n<ul>\n<li><b>Hisse Kodu:<\/b> OFSYM<\/li>\n<li><b>Pazar:<\/b> Ana Pazar<\/li>\n<li><b>30.09.2024 Kapan\u0131\u015f Fiyat\u0131:<\/b> 37,76 TL<\/li>\n<li><b>30.09.2025 Kapan\u0131\u015f Fiyat\u0131:<\/b> 65,15 TL<\/li>\n<li><b>Y\u0131ll\u0131k Getiri (OFSYM):<\/b> %72<\/li>\n<li><b>Y\u0131ll\u0131k Getiri (XU100):<\/b> %14<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"423\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Ofis Yem&#8217;in Bilan\u00e7osunda Gizlenen 4 \u015ea\u015f\u0131rt\u0131c\u0131 Stratejik Hamle Kurumsal faaliyet raporlar\u0131 genellikle rakamlar, tablolar ve teknik jargonla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak dikkatli bir g\u00f6zle incelendi\u011finde, bu s\u0131k\u0131c\u0131 g\u00f6r\u00fcnen sayfalar\u0131n aras\u0131nda bir \u015firketin stratejik zekas\u0131n\u0131, b\u00fcy\u00fcme hikayesini ve&#8230; <\/p>\n","protected":false},"author":1,"featured_media":424,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[87],"class_list":["post-423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ofsym"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/423","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=423"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/423\/revisions"}],"predecessor-version":[{"id":425,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/423\/revisions\/425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/424"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}