{"id":518,"date":"2025-12-25T22:09:55","date_gmt":"2025-12-25T19:09:55","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=518"},"modified":"2025-12-25T22:09:55","modified_gmt":"2025-12-25T19:09:55","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-dirit-diriteks-dirilis-tekstil-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/518","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #DIRIT | Diriteks Dirili\u015f Tekstil Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #DIRIT | Diriteks Dirili\u015f Tekstil Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/i615XuSNi8c?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>2 Ki\u015fi, 170 Milyon TL Varl\u0131k ve Neredeyse S\u0131f\u0131r \u00dcretim: Bir Tekstil Devi&#8217;nin \u0130nan\u0131lmaz D\u00f6n\u00fc\u015f\u00fcm Hikayesi<\/h1>\n<h3>Giri\u015f: Finansal Raporlar\u0131n Ard\u0131ndaki Gizli Hikaye<\/h3>\n<p>Kurumsal finansal raporlar, \u00e7o\u011fu zaman rakamlar ve tablolarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu kuru verilerin ard\u0131nda, bazen krizlerin, cesur stratejilerin ve k\u00f6kl\u00fc d\u00f6n\u00fc\u015f\u00fcmlerin dramatik hikayeleri sakl\u0131d\u0131r. Bir \u015firketin hayatta kalma m\u00fccadelesi, gelece\u011fe y\u00f6nelik vizyonu ve att\u0131\u011f\u0131 radikal ad\u0131mlar, bu raporlar\u0131n sat\u0131r aralar\u0131nda gizlenir. Halka a\u00e7\u0131k bir \u015firket olan Diriteks Dirili\u015f Tekstil&#8217;in yay\u0131mlad\u0131\u011f\u0131 son finansal raporlar, tam olarak b\u00f6yle gizli bir hikayenin m\u00fckemmel bir \u00f6rne\u011fini sunuyor. Bu makale, \u015firketin son raporlar\u0131ndan \u00e7\u0131kar\u0131lan en \u015fa\u015f\u0131rt\u0131c\u0131 ve etkili bulgular\u0131 analiz ederek, radikal bir yeniden icat s\u00fcrecinin ortas\u0131ndaki bir \u015firketin portresini \u00e7izecek.<\/p>\n<h3>1. B\u00fcy\u00fck D\u00f6n\u00fc\u015f\u00fcm: Tekstil Fabrikas\u0131ndan Yat\u0131r\u0131m Holdingine<\/h3>\n<p>Diriteks ile ilgili en \u00f6nemli stratejik de\u011fi\u015fim, \u015firketin temel kimli\u011fini tamamen de\u011fi\u015ftirmesidir: Ispartal\u0131 bir tekstil \u00fcreticisi, bir yat\u0131r\u0131m holdingine d\u00f6n\u00fc\u015f\u00fcyor. Bu sadece k\u00fc\u00e7\u00fck bir y\u00f6n de\u011fi\u015fikli\u011fi de\u011fil, adeta bir yeniden do\u011fu\u015f hamlesi. Bu d\u00f6n\u00fc\u015f\u00fcm\u00fcn somut ad\u0131mlar\u0131 raporlarda net bir \u015fekilde belirtilmi\u015f:<\/p>\n<ul>\n<li><b>Yeni \u015eirket \u00dcnvan\u0131:<\/b> \u015eirket, \u00fcnvan\u0131n\u0131 <b>OKAL\u0130N Yat\u0131r\u0131m Holding Anonim \u015eirketi<\/b> olarak de\u011fi\u015ftirmek i\u00e7in Sermaye Piyasas\u0131 Kurulu&#8217;na ba\u015fvuruda bulunmu\u015ftur.<\/li>\n<li><b>Yeni Faaliyet Alan\u0131:<\/b> \u015eirketin resmi faaliyet alan\u0131, bu d\u00f6n\u00fc\u015f\u00fcme paralel olarak &#8220;Holding faaliyetleri&#8221; olarak de\u011fi\u015ftirilmektedir.<\/li>\n<li><b>Yeni Merkez:<\/b> \u015eirket merkezi, \u00fcretim \u00fcss\u00fc olan Isparta&#8217;dan T\u00fcrkiye&#8217;nin finans merkezi \u0130stanbul&#8217;a ta\u015f\u0131n\u0131yor. Yeni adres: &#8220;\u00c7engeldere Mah. Ulus Cad. D\u0131\u015f Kap\u0131 No:25 \u0130\u00e7 Kap\u0131 No:1 Beykoz-\u0130STANBUL&#8221;.<\/li>\n<\/ul>\n<p>Peki, 1996&#8217;da kurulmu\u015f k\u00f6kl\u00fc bir tekstil firmas\u0131 neden b\u00f6yle radikal bir karar al\u0131yor? Faaliyet raporu bu sorunun cevab\u0131n\u0131 a\u00e7\u0131k\u00e7a veriyor: Ama\u00e7, &#8220;mevcut durumda sekt\u00f6r\u00fcnde ya\u015fanan dar bo\u011fazdan kurtulmak ve mevcut varl\u0131klar\u0131 ile sermayesinden elde edece\u011fi kazanc\u0131n\u0131 artt\u0131rmak i\u00e7in, farkl\u0131 sekt\u00f6rlerde getiriler elde etmek amac\u0131yla yat\u0131r\u0131mlar planlamakt\u0131r.&#8221; K\u0131sacas\u0131 Diriteks, tekstil sekt\u00f6r\u00fcndeki s\u0131k\u0131\u015f\u0131kl\u0131ktan kurtulmak i\u00e7in varl\u0131klar\u0131n\u0131 farkl\u0131 alanlarda de\u011ferlendirecek bir yap\u0131ya b\u00fcr\u00fcn\u00fcyor.<\/p>\n<h3>2. Sessiz Makineler: Neredeyse Tamamen Duran Bir \u00dcretim<\/h3>\n<p>Bu d\u00f6n\u00fc\u015f\u00fcm hikayesindeki en \u015fa\u015f\u0131rt\u0131c\u0131 detaylardan biri de \u00fcretim faaliyetlerinin durumu. Bir imalat \u015firketi olmas\u0131na ra\u011fmen Diriteks, makinelerini neredeyse tamamen susturmu\u015f durumda. Faaliyet raporundaki veriler bu durumu net bir \u015fekilde g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li>30 Eyl\u00fcl 2025&#8217;te sona eren d\u00f6nemde <b>kaymaz hal\u0131 \u00fcretimi yap\u0131lmam\u0131\u015ft\u0131r<\/b>.<\/li>\n<li>31 Aral\u0131k 2024&#8217;te sona eren d\u00f6neme ait \u00fcretim verilerine g\u00f6re <b>battaniye \u00fcretiminde sadece %5 kapasite kullan\u0131lm\u0131\u015ft\u0131r<\/b>.<\/li>\n<\/ul>\n<p>\u015eirket, bu stratejik duru\u015fun nedenini faaliyet raporunda \u015fu s\u00f6zlerle a\u00e7\u0131kl\u0131yor:<\/p>\n<p>&#8220;Son d\u00f6nemde \u00fclkemizde ya\u015fanan \u00f6zellikle \u00fcretim maliyetlerindeki y\u00fcksek volatilite, artan enerji maliyetleri nedeniyle firmam\u0131z \u00fcretim taraf\u0131ndaki faaliyetlerini azaltm\u0131\u015ft\u0131r. Bunun yerine piyasadaki know-how, var olan entelekt\u00fcel sermayesi ve marka bilinirli\u011fini kullanma y\u00f6ntemine ge\u00e7mi\u015ftir. Buradan hareketle, transit ticaret i\u015flemlerine ba\u015flam\u0131\u015f y\u00fcksek karl\u0131l\u0131k sa\u011flam\u0131\u015ft\u0131r.&#8221;<\/p>\n<p>Bu ifade, \u015firketin fiziksel mal \u00fcretmekten stratejik olarak uzakla\u015ft\u0131\u011f\u0131n\u0131 ve bunun yerine marka de\u011ferini ve pazar bilgisini kullanarak ticarete odakland\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu, geleneksel bir \u00fcretici i\u00e7in devasa bir zihniyet de\u011fi\u015fimidir.<\/p>\n<h3>3. \u0130skelet Kadro: 170 Milyon TL&#8217;lik \u015eirketi Y\u00f6neten Sadece 2 \u00c7al\u0131\u015fan<\/h3>\n<p>Raporlardaki belki de en \u00e7arp\u0131c\u0131 veri, insan kaynaklar\u0131 alan\u0131nda kar\u015f\u0131m\u0131za \u00e7\u0131k\u0131yor. Diriteks Grubu&#8217;nun tamam\u0131, inan\u0131lmaz derecede k\u00fc\u00e7\u00fck bir ekiple y\u00f6netiliyor. Finansal dipnotlarda yer alan bilgi \u015fok edici:<\/p>\n<p>&#8220;30 Eyl\u00fcl 2025 tarihi itibar\u0131yla Grup b\u00fcnyesinde istihdam edilen 2 personel bulunmaktad\u0131r (31 Aral\u0131k 2024: 1).&#8221;<\/p>\n<p>Bu durumu daha da dikkat \u00e7ekici k\u0131lan ise \u015firketin varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fcd\u00fcr. Sadece <b>2 \u00e7al\u0131\u015fan\u0131<\/b> olan \u015firketin bilan\u00e7osundaki Toplam Varl\u0131klar <b>170.510.849 TL<\/b> olarak g\u00f6r\u00fcn\u00fcyor. 170 milyon TL&#8217;nin \u00fczerinde varl\u0131\u011fa sahip, borsaya a\u00e7\u0131k ve k\u00f6kl\u00fc bir \u00fcretim ge\u00e7mi\u015fi olan bir \u015firketin sadece iki ki\u015filik bir ekiple nas\u0131l faaliyet g\u00f6sterebildi\u011fi sorusu, \u015firketin ge\u00e7irdi\u011fi stratejik revizyonun derinli\u011fini kan\u0131tlar nitelikte. Bu durum, \u015firketin art\u0131k fiziksel \u00fcretimden ziyade, varl\u0131k y\u00f6netimi, transit ticaret ve potansiyel d\u0131\u015f kaynak kullan\u0131m\u0131 gibi sermaye-yo\u011fun de\u011fil, y\u00f6netim-odakl\u0131 bir modele ge\u00e7ti\u011finin en somut kan\u0131t\u0131d\u0131r.<\/p>\n<h3>4. Finansal Paradoks: Zarar Ederken Bor\u00e7lar\u0131 S\u0131f\u0131rlamak<\/h3>\n<p>Diriteks&#8217;in finansal tablolar\u0131, ilk bak\u0131\u015fta \u00e7eli\u015fkili gibi g\u00f6r\u00fcnen bir durumu ortaya koyuyor: \u015eirket bir yandan zarar a\u00e7\u0131klarken, di\u011fer yandan bilan\u00e7osunu bor\u00e7lardan ar\u0131nd\u0131r\u0131yor. Bu paradoksu iki basit veri noktas\u0131yla \u00f6zetleyebiliriz:<\/p>\n<ul>\n<li><b>Zarar:<\/b> \u015eirket, 2025&#8217;in ilk 9 ay\u0131nda <b>(1.484.097) TL<\/b> net d\u00f6nem zarar\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/li>\n<li><b>Bor\u00e7 Azalmas\u0131:<\/b> K\u0131sa vadeli banka bor\u00e7lar\u0131 (K\u0131sa vadeli bor\u00e7lanmalar), 2024 sonunda <b>14.363.459 TL<\/b> iken, 30 Eyl\u00fcl 2025 itibar\u0131yla <b>s\u0131f\u0131ra (0)<\/b> inmi\u015ftir.<\/li>\n<\/ul>\n<p>Bu durum bir \u00e7eli\u015fki de\u011fil, bilin\u00e7li ve sanc\u0131l\u0131 bir yeniden yap\u0131land\u0131rma stratejisinin a\u00e7\u0131k bir i\u015faretidir. \u015eirket, holding yap\u0131s\u0131na ge\u00e7i\u015fe haz\u0131rlanmak i\u00e7in bilan\u00e7osunu aktif olarak temizliyor. Finansal raporlar, bu temizli\u011fin arkas\u0131ndaki ac\u0131 re\u00e7eteye de \u0131\u015f\u0131k tutuyor: \u015eirketin Isparta&#8217;daki fabrika binalar\u0131ndan biri, 1. derece ipotek sahibi olan Halkbank taraf\u0131ndan icra yoluyla sat\u0131lm\u0131\u015ft\u0131r. Bu sat\u0131\u015f\u0131n, 14.4 milyon TL&#8217;lik k\u0131sa vadeli banka borcunun s\u0131f\u0131rlanmas\u0131yla ayn\u0131 d\u00f6neme denk gelmesi, borcun muhtemelen bu varl\u0131k sat\u0131\u015f\u0131 ile kapat\u0131ld\u0131\u011f\u0131na dair g\u00fc\u00e7l\u00fc bir i\u015faret veriyor. Bu hamlenin aciliyetini, \u015firketin kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu &#8220;34 hukuk davas\u0131, 65 icra davas\u0131, 3 ceza davas\u0131 ve 2 idare davas\u0131&#8221; gibi a\u011f\u0131r hukuki bask\u0131lar daha da anla\u015f\u0131l\u0131r k\u0131l\u0131yor.<\/p>\n<h3>Sonu\u00e7: Krizden Do\u011fan Yeni Bir Strateji<\/h3>\n<p>Diriteks&#8217;in hikayesi; \u00fcretimi durduran, iki ki\u015filik bir iskelet kadroyla faaliyet g\u00f6steren, finansal ve hukuki t\u00fcrb\u00fclans\u0131n ortas\u0131nda kendini bir yat\u0131r\u0131m holdingine d\u00f6n\u00fc\u015ft\u00fcrmeye \u00e7al\u0131\u015fan bir tekstil devinin \u00f6yk\u00fcs\u00fcd\u00fcr. Bu, de\u011fi\u015fken bir ekonomide kurumsal hayatta kalma ve adaptasyon \u00fczerine g\u00fc\u00e7l\u00fc bir vaka analizidir. \u015eirket, ge\u00e7mi\u015fin \u00fcretim odakl\u0131 kimli\u011fini geride b\u0131rakarak, varl\u0131klar\u0131n\u0131 ve marka de\u011ferini kullanarak yeni bir gelecek in\u015fa etmeye \u00e7al\u0131\u015f\u0131yor.<\/p>\n<p>Peki, Ispartal\u0131 bir tekstil \u00fcreticisinin k\u00fcllerinden bir \u0130stanbul yat\u0131r\u0131m holdingi do\u011fabilir mi? Diriteks&#8217;in bu cesur kumar\u0131, gelecekteki ba\u015far\u0131s\u0131n\u0131n temeli mi olacak, yoksa bir devin son \u00e7\u0131rp\u0131n\u0131\u015flar\u0131 m\u0131? Zaman g\u00f6sterecek.<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Diriteks Dirili\u015f Tekstil San. ve Tic. A.\u015e. &#8211; 30 Eyl\u00fcl 2025 D\u00f6nemi Durum Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Diriteks Dirili\u015f Tekstil Sanayi ve Ticaret A.\u015e.&#8217;nin (Grup) 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla sona eren ara d\u00f6neme ait konsolide finansal durumunu, operasyonel faaliyetlerini ve stratejik y\u00f6nelimini \u00f6zetlemektedir. Rapor, \u015firketin finansal tablolar\u0131 ve faaliyet raporundan derlenen temel bulgular\u0131 i\u00e7ermektedir.<\/p>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun toplam varl\u0131klar\u0131 170.510.849 TL, toplam y\u00fck\u00fcml\u00fcl\u00fckleri 11.102.115 TL ve \u00f6zkaynaklar\u0131 159.408.734 TL olarak ger\u00e7ekle\u015fmi\u015ftir. Y\u0131l\u0131n ilk dokuz ay\u0131nda Grup, (1.484.097) TL net d\u00f6nem zarar\u0131 kaydetmi\u015ftir. Bu d\u00f6nemde, \u00f6zellikle \u00fcretim ve enerji maliyetlerindeki y\u00fcksek volatilite nedeniyle \u00fcretim faaliyetleri azalt\u0131lm\u0131\u015f, \u015firket bunun yerine mevcut marka bilinirli\u011fi ve entelekt\u00fcel sermayesini kullanarak transit ticaret ve ihracat operasyonlar\u0131na odaklanm\u0131\u015ft\u0131r.<\/p>\n<p>\u015eirket, \u00f6nemli bir stratejik d\u00f6n\u00fc\u015f\u00fcm s\u00fcrecindedir. Faaliyet alan\u0131n\u0131 &#8220;Holding faaliyetleri&#8221; olarak de\u011fi\u015ftirmek, unvan\u0131n\u0131 &#8220;OKAL\u0130N Yat\u0131r\u0131m Holding Anonim \u015eirketi&#8221; olarak g\u00fcncellemek ve y\u00f6netim merkezini \u0130stanbul&#8217;a ta\u015f\u0131mak \u00fczere Sermaye Piyasas\u0131 Kurulu&#8217;na ba\u015fvuruda bulunmu\u015ftur. Bu d\u00f6n\u00fc\u015f\u00fcmle \u015firket, varl\u0131klar\u0131n\u0131 farkl\u0131 sekt\u00f6rlerde de\u011ferlendirerek getiri potansiyelini art\u0131rmay\u0131 hedeflemektedir.<\/p>\n<p>Bununla birlikte \u015firket, \u00f6nemli hukuki s\u00fcre\u00e7lerle kar\u015f\u0131 kar\u015f\u0131yad\u0131r. \u0130\u015ftiraki D\u0130R\u0130\u0130PL\u0130K A.\u015e.&#8217;nin 2023 ba\u015f\u0131ndaki sat\u0131\u015f\u0131na itiraz s\u00fcreci devam etmekte ve \u015firket aleyhine a\u00e7\u0131lm\u0131\u015f \u00e7ok say\u0131da hukuk, icra ve ceza davas\u0131 bulunmaktad\u0131r. Varl\u0131klar\u0131 \u00fczerinde devir ve pazarlamay\u0131 k\u0131s\u0131tlayan \u00f6nemli rehin ve haciz kay\u0131tlar\u0131 mevcuttur. Finansal olarak, \u015firket k\u0131sa vadeli banka bor\u00e7lar\u0131n\u0131 tamamen kapatm\u0131\u015f ancak ticari alacaklar\u0131nda belirgin bir d\u00fc\u015f\u00fc\u015f ya\u015fam\u0131\u015ft\u0131r.<\/p>\n<h2>\u015eirket Profili ve Faaliyet Alan\u0131<\/h2>\n<p>Diriteks Dirili\u015f Tekstil Sanayi ve Ticaret A.\u015e., 23 Eyl\u00fcl 1996 tarihinde kurulmu\u015f olup, ana faaliyet konusu battaniye ve kaymaz hal\u0131 imalat\u0131, sat\u0131\u015f\u0131, pazarlamas\u0131 ve akrilik iplik \u00fcretimidir. \u015eirketin merkezi ve \u00fcretim tesisleri Isparta&#8217;da, S\u00fcleyman Demirel Organize Sanayi B\u00f6lgesi&#8217;nde 50.998 m\u00b2&#8217;lik bir alan \u00fczerinde (11.743 m\u00b2 kapal\u0131 alan) yer almaktad\u0131r. \u015eirket paylar\u0131 2012 y\u0131l\u0131ndan bu yana Borsa \u0130stanbul&#8217;da (B\u0130ST) i\u015flem g\u00f6rmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kurumsal Bilgiler<\/td>\n<td>Detay<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Unvan\u0131<\/b><\/td>\n<td>Diriteks Dirili\u015f Tekstil Sanayi ve Ticaret A.\u015e.<\/td>\n<\/tr>\n<tr>\n<td><b>Merkez Adresi<\/b><\/td>\n<td>Bah\u00e7elievler Mah. 102. Cad. Niyazi A\u015f\u0131 Apt. Sit. NO: 35\/1 Merkez\/Isparta<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Sicil No<\/b><\/td>\n<td>6087 (Isparta)<\/td>\n<\/tr>\n<tr>\n<td><b>Mersis No<\/b><\/td>\n<td>0301007990800018<\/td>\n<\/tr>\n<tr>\n<td><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye<\/b><\/td>\n<td>10.650.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>\u0130nternet Adresi<\/b><\/td>\n<td>www.diriteks.com<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Operasyonel Strateji ve Pazar Durumu<\/h3>\n<p>Son d\u00f6nemde T\u00fcrkiye&#8217;de ya\u015fanan y\u00fcksek \u00fcretim maliyetleri ve artan enerji maliyetleri nedeniyle \u015firket, \u00fcretim faaliyetlerini azaltma yoluna gitmi\u015ftir. Mevcut strateji, \u015firketin piyasadaki &#8220;know-how&#8221;\u0131, entelekt\u00fcel sermayesi ve marka bilinirli\u011fini kullanarak transit ticaret ve ihracat i\u015flemlerine odaklanmakt\u0131r. Bu model ile y\u00fcksek k\u00e2rl\u0131l\u0131k hedeflenmektedir.<\/p>\n<p>Piyasa ko\u015fullar\u0131n\u0131n d\u00fczelmesi ve volatilitenin azalmas\u0131 durumunda, \u00fcretim faaliyetlerinin ciro i\u00e7indeki pay\u0131n\u0131n art\u0131r\u0131lmas\u0131 planlanmaktad\u0131r. \u015eirket, \u00fcr\u00fcnlerini T\u00fcrkiye genelinde 12 ana bayi arac\u0131l\u0131\u011f\u0131yla satmaktad\u0131r. Yurt d\u0131\u015f\u0131 pazarlama ve sat\u0131\u015f faaliyetleri ise %99,40 oran\u0131nda ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan Dirita\u015f Dirili\u015f D\u0131\u015f Ticaret A.\u015e. taraf\u0131ndan y\u00fcr\u00fct\u00fclmektedir.<\/p>\n<h2>Finansal Performans Analizi<\/h2>\n<p>\u015eirketin finansal tablolar\u0131, T\u00fcrkiye Muhasebe Standartlar\u0131 (TMS) ve TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131na uygun olarak, 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fcne g\u00f6re TL olarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/p>\n<h3>Konsolide Finansal Durum Tablosu (\u00d6zet Bilan\u00e7o)<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun finansal durumu, bir \u00f6nceki y\u0131l sonuna k\u0131yasla varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerde \u00f6nemli de\u011fi\u015fiklikler g\u00f6stermektedir. Toplam varl\u0131klar azal\u0131rken, k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerdeki ciddi d\u00fc\u015f\u00fc\u015f dikkat \u00e7ekicidir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalemler (TL)<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>30.918.896<\/td>\n<td>47.959.544<\/td>\n<td>\u25bc%35,5<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Ticari Alacaklar<\/td>\n<td>27.050.260<\/td>\n<td>43.022.117<\/td>\n<td>\u25bc%37,1<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>139.591.953<\/td>\n<td>140.215.529<\/td>\n<td>\u25bc%0,4<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM VARLIKLAR<\/b><\/td>\n<td><b>170.510.849<\/b><\/td>\n<td><b>188.175.073<\/b><\/td>\n<td><b>\u25bc%9,4<\/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>8.243.051<\/td>\n<td>27.257.462<\/td>\n<td>\u25bc%69,8<\/td>\n<\/tr>\n<tr>\n<td>&#8211; K\u0131sa Vadeli Bor\u00e7lanmalar<\/td>\n<td>&#8212;<\/td>\n<td>14.363.459<\/td>\n<td>\u25bc%100<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Ticari Bor\u00e7lar<\/td>\n<td>4.731.938<\/td>\n<td>3.094.541<\/td>\n<td>\u25b2%52,9<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>2.859.064<\/td>\n<td>30.747<\/td>\n<td>\u25b2%9200+<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM Y\u00dcK\u00dcML\u00dcL\u00dcKLER<\/b><\/td>\n<td><b>11.102.115<\/b><\/td>\n<td><b>27.288.209<\/b><\/td>\n<td><b>\u25bc%59,3<\/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>\u00d6ZKAYNAKLAR<\/b><\/td>\n<td><b>159.408.734<\/b><\/td>\n<td><b>160.886.864<\/b><\/td>\n<td><b>\u25bc%0,9<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM KAYNAKLAR<\/b><\/td>\n<td><b>170.510.849<\/b><\/td>\n<td><b>188.175.073<\/b><\/td>\n<td><b>\u25bc%9,4<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Konsolide Kar veya Zarar Tablosu<\/h3>\n<p>1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6neminde Grup, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki k\u00e2ra k\u0131yasla zarara ge\u00e7mi\u015ftir. Has\u0131lat art\u0131\u015f\u0131na ra\u011fmen y\u00fcksek genel y\u00f6netim giderleri ve finansal yap\u0131daki de\u011fi\u015fiklikler bu sonuca yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalemler (TL) &#8211; 9 Ayl\u0131k<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2024<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>3.821.388<\/td>\n<td>199.053<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>(3.636.364)<\/td>\n<td>&#8212;<\/td>\n<\/tr>\n<tr>\n<td><b>BR\u00dcT K\u00c2R<\/b><\/td>\n<td><b>185.024<\/b><\/td>\n<td><b>199.053<\/b><\/td>\n<\/tr>\n<tr>\n<td>Genel Y\u00f6netim Giderleri<\/td>\n<td>(4.746.390)<\/td>\n<td>(8.763.888)<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyetlerden Di\u011fer Gelirler<\/td>\n<td>&#8212;<\/td>\n<td>959.717<\/td>\n<\/tr>\n<tr>\n<td><b>FAAL\u0130YET K\u00c2RI\/ZARARI<\/b><\/td>\n<td><b>(4.561.365)<\/b><\/td>\n<td><b>(7.979.175)<\/b><\/td>\n<\/tr>\n<tr>\n<td>Parasal Kazan\u00e7\/(Kay\u0131p)<\/td>\n<td>3.077.269<\/td>\n<td>10.081.219<\/td>\n<\/tr>\n<tr>\n<td><b>VERG\u0130 \u00d6NCES\u0130 K\u00c2RI\/ZARARI<\/b><\/td>\n<td><b>(1.484.097)<\/b><\/td>\n<td><b>2.102.043<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>NET D\u00d6NEM K\u00c2RI\/ZARARI<\/b><\/td>\n<td><b>(1.484.097)<\/b><\/td>\n<td><b>2.102.043<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM KAPSAMLI GEL\u0130R<\/b><\/td>\n<td><b>(1.475.288)<\/b><\/td>\n<td><b>2.073.878<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Pay Ba\u015f\u0131na Kazan\u00e7\/(Kay\u0131p)<\/b><\/td>\n<td><b>(0,139)<\/b><\/td>\n<td><b>0,197<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Nakit Ak\u0131\u015flar\u0131<\/h3>\n<p>2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda \u015firketin nakit ve nakit benzerlerinde 12.587 TL&#8217;lik net bir azal\u0131\u015f ya\u015fanm\u0131\u015ft\u0131r. D\u00f6nem sonunda nakit mevcudu 36.771 TL&#8217;ye gerilemi\u015ftir. D\u00f6nem i\u00e7inde yat\u0131r\u0131m ve finansman faaliyetlerinden kaynaklanan bir nakit ak\u0131\u015f\u0131 raporlanmam\u0131\u015ft\u0131r.<\/p>\n<h2>Stratejik Y\u00f6nelim ve Gelecek Planlar\u0131<\/h2>\n<p>Y\u00f6netim Kurulu, \u015firketin gelece\u011fi i\u00e7in k\u00f6kl\u00fc bir yeniden yap\u0131lanma plan\u0131 ortaya koymu\u015ftur. Bu plan, \u015firketin mevcut sekt\u00f6r\u00fcndeki darbo\u011fazdan kurtulmas\u0131n\u0131 ve varl\u0131klar\u0131n\u0131 daha verimli alanlarda de\u011ferlendirmesini ama\u00e7lamaktad\u0131r.<\/p>\n<ul>\n<li><b>Holdingle\u015fme Stratejisi:<\/b> \u015eirket, faaliyet alan\u0131n\u0131 &#8220;Holding faaliyetleri&#8221; olarak de\u011fi\u015ftirmek ve unvan\u0131n\u0131 <b>&#8220;OKAL\u0130N Yat\u0131r\u0131m Holding Anonim \u015eirketi&#8221;<\/b> olarak tescil ettirmek i\u00e7in Sermaye Piyasas\u0131 Kurulu&#8217;na ba\u015fvurmu\u015ftur. Bu kapsamda y\u00f6netim merkezinin \u0130stanbul Beykoz&#8217;a ta\u015f\u0131nmas\u0131 planlanmaktad\u0131r. Ama\u00e7, farkl\u0131 sekt\u00f6rlerde yat\u0131r\u0131m f\u0131rsatlar\u0131 arayarak k\u00e2rl\u0131l\u0131\u011f\u0131 art\u0131rmakt\u0131r.<\/li>\n<li><b>Sermaye Art\u0131r\u0131m\u0131:<\/b> Planlanan tahsisli sermaye art\u0131r\u0131m\u0131ndan elde edilecek fonun, \u015firketin bor\u00e7lar\u0131n\u0131n yeniden yap\u0131land\u0131r\u0131lmas\u0131nda ve faaliyetlerin art\u0131r\u0131lmas\u0131nda kullan\u0131lmas\u0131 hedeflenmektedir.<\/li>\n<li><b>Operasyonel Geli\u015fim:<\/b> \u015eirket, y\u00fcksek g\u00fcnl\u00fck nakit ak\u0131\u015f\u0131na sahip \u015firketlerle birle\u015fme veya sat\u0131n alma g\u00f6r\u00fc\u015fmeleri yapma karar\u0131 alm\u0131\u015ft\u0131r. Ayr\u0131ca, Gaziantep b\u00f6lgesindeki deprem felaketinin battaniye ve hal\u0131 \u00fcretiminde yaratt\u0131\u011f\u0131 arz bo\u015flu\u011funu bir f\u0131rsat olarak de\u011ferlendirip bu alandaki \u00e7al\u0131\u015fmalara h\u0131z vermi\u015ftir.<\/li>\n<\/ul>\n<h2>Sermaye, Ortakl\u0131k Yap\u0131s\u0131 ve Ba\u011fl\u0131 Kurulu\u015flar<\/h2>\n<h3>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirket kay\u0131tl\u0131 sermaye sisteminde olup, 50.000.000 TL kay\u0131tl\u0131 sermaye tavan\u0131 i\u00e7inde \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 10.650.000 TL&#8217;dir. 30 Eyl\u00fcl 2025 itibar\u0131yla, sermayeyi temsil eden paylar\u0131n tamam\u0131 (%100) halka a\u00e7\u0131kt\u0131r ve Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir. Paylar aras\u0131nda herhangi bir imtiyaz bulunmamaktad\u0131r.<\/p>\n<h3>Ba\u011fl\u0131 Ortakl\u0131klar ve \u0130\u015ftirakler<\/h3>\n<ul>\n<li><b>Dirita\u015f Dirili\u015f D\u0131\u015f Ticaret A.\u015e.:<\/b> Grubun %99,40 oran\u0131nda pay\u0131na sahip oldu\u011fu ba\u011fl\u0131 ortakl\u0131\u011f\u0131d\u0131r. \u015eirketin \u00fcretti\u011fi \u00fcr\u00fcnlerin yurt d\u0131\u015f\u0131nda pazarlanmas\u0131 hizmetini y\u00fcr\u00fctmektedir. Finansal verileri konsolidasyona tam olarak dahil edilmektedir.<\/li>\n<li><b>Diriiplik Dirili\u015f \u0130plik Sanayi ve Ticaret A.\u015e.:<\/b> 3 Ocak 2023 tarihinde \u00fc\u00e7\u00fcnc\u00fc bir \u015fahsa sat\u0131lm\u0131\u015f olan eski i\u015ftiraktir. \u015eirket bu sat\u0131\u015fa itiraz etmi\u015f, ancak ilk itiraz\u0131 y\u00fcksek mahkeme taraf\u0131ndan reddedilmi\u015ftir. Karar bir \u00fcst mahkemeye ta\u015f\u0131nm\u0131\u015ft\u0131r. Bu hukuki s\u00fcre\u00e7 nedeniyle Diriiplik, konsolide bilan\u00e7o d\u0131\u015f\u0131nda b\u0131rak\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>Risk Y\u00f6netimi ve Hukuki Durum<\/h2>\n<h3>Risk Y\u00f6netimi<\/h3>\n<p>Grup faaliyetleri nedeniyle piyasa riski (kur, faiz, fiyat), kredi riski ve likidite riskine maruz kalmaktad\u0131r. Risk y\u00f6netimi politikalar\u0131 \u015fu temel unsurlar\u0131 i\u00e7erir:<\/p>\n<ul>\n<li><b>Faaliyet Riskleri:<\/b> M\u00fc\u015fteri taleplerini do\u011fru tahmin edememe, \u00fcretim teknolojisinin gerisinde kalma, alacaklar\u0131n tahsil edilememesi ve hammadde fiyatlar\u0131ndaki (d\u00f6vize endeksli) art\u0131\u015flar ana risklerdir.<\/li>\n<li><b>Finansal Riskler:<\/b> Kur riskine kar\u015f\u0131 t\u00fcrev ara\u00e7lar kullan\u0131lmamaktad\u0131r ve d\u00f6viz kurundaki y\u00fcksek volatilite, uzun d\u00f6nemli fiyatlama \u00fczerinde \u00f6nemli bir risk olu\u015fturmaktad\u0131r. Likidite riski, sat\u0131\u015f gelirleri ve stoklar\u0131n nakde d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesiyle y\u00f6netilmeye \u00e7al\u0131\u015f\u0131lmaktad\u0131r. Kredi riski, m\u00fc\u015fterilerin kredi de\u011ferlili\u011finin s\u00fcrekli izlenmesiyle minimize edilmektedir.<\/li>\n<li><b>Paylara \u0130li\u015fkin Riskler:<\/b> Paylar\u0131n B\u0130ST&#8217;te i\u015flem g\u00f6rmesi nedeniyle piyasa fiyat\u0131ndaki d\u00fc\u015f\u00fc\u015fler ve k\u00e2r pay\u0131 (temett\u00fc) da\u011f\u0131t\u0131l\u0131p da\u011f\u0131t\u0131lamamas\u0131 gibi riskler mevcuttur.<\/li>\n<\/ul>\n<h3>Hukuki Durum<\/h3>\n<p>\u015eirketin \u00f6nemli ve \u00e7ok say\u0131da hukuki s\u00fcreci bulunmaktad\u0131r:<\/p>\n<ul>\n<li><b>Aleyhe A\u00e7\u0131lan Davalar (30.09.2025 itibar\u0131yla):<\/b>\n<ul>\n<li>34 adet hukuk davas\u0131<\/li>\n<li>65 adet icra davas\u0131<\/li>\n<li>3 adet ceza davas\u0131<\/li>\n<li>2 adet idare davas\u0131<\/li>\n<\/ul>\n<\/li>\n<li><b>Isparta Fabrika Sat\u0131\u015f\u0131:<\/b> \u015eirkete ait Isparta G\u00f6nen&#8217;deki fabrika binas\u0131, 31 May\u0131s 2022&#8217;de Halkbank&#8217;\u0131n talebiyle bir icra dosyas\u0131 kapsam\u0131nda sat\u0131lm\u0131\u015ft\u0131r. \u015eirket bu karara itiraz etmi\u015f olup, Isparta \u0130cra Hukuk Mahkemesi&#8217;ndeki dava s\u00fcreci devam etmektedir.<\/li>\n<li><b>Eski Y\u00f6netime A\u00e7\u0131lan Dava:<\/b> 2020 y\u0131l\u0131nda eski y\u00f6netim kurulu \u00fcyelerine kar\u015f\u0131 \u015firketi zarara u\u011fratt\u0131klar\u0131 gerek\u00e7esiyle a\u00e7\u0131lan tazminat davas\u0131 devam etmektedir.<\/li>\n<li><b>Varl\u0131klar \u00dczerindeki Takyidatlar:<\/b> \u015eirket varl\u0131klar\u0131 \u00fczerinde, Bilgi Gayrimenkul De\u011ferleme A.\u015e. raporunda da belirtildi\u011fi \u00fczere, 3.500.000 USD ve 15.500.000 TL tutar\u0131nda ipotek kay\u0131tlar\u0131, toplam 6.541.868,5 TL tutar\u0131nda haciz \u015ferhleri ve 18 kalem makine \u00fczerinde rehin kayd\u0131 bulunmaktad\u0131r. Bu durum, varl\u0131klar\u0131n sat\u0131\u015f kabiliyetini \u00f6nemli \u00f6l\u00e7\u00fcde k\u0131s\u0131tlamaktad\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"518\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>2 Ki\u015fi, 170 Milyon TL Varl\u0131k ve Neredeyse S\u0131f\u0131r \u00dcretim: Bir Tekstil Devi&#8217;nin \u0130nan\u0131lmaz D\u00f6n\u00fc\u015f\u00fcm Hikayesi Giri\u015f: Finansal Raporlar\u0131n Ard\u0131ndaki Gizli Hikaye Kurumsal finansal raporlar, \u00e7o\u011fu zaman rakamlar ve tablolarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu kuru verilerin&#8230; <\/p>\n","protected":false},"author":1,"featured_media":519,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[113],"class_list":["post-518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-dirit"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/518","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=518"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/518\/revisions"}],"predecessor-version":[{"id":520,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/518\/revisions\/520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/519"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}