{"id":545,"date":"2025-12-25T23:06:06","date_gmt":"2025-12-25T20:06:06","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=545"},"modified":"2025-12-25T23:06:06","modified_gmt":"2025-12-25T20:06:06","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-iskpl-isik-plastik-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/545","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #ISKPL | I\u015f\u0131k Plastik Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #ISKPL | I\u015f\u0131k Plastik Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/2pHycSD322Y?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 Faaliyet Raporunun Perde Arkas\u0131: I\u015f\u0131k Plastik Hakk\u0131nda Sizi \u015ea\u015f\u0131rtacak 5 Ger\u00e7ek<\/h1>\n<h3><b>Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye<\/b><\/h3>\n<p>Bir faaliyet raporu, genellikle jargonla \u00f6r\u00fclm\u00fc\u015f duvarlar\u0131n ard\u0131na gizlenmi\u015f bir rakamlar kalesi gibi g\u00f6r\u00fcn\u00fcr. Ancak nereye bakaca\u011f\u0131n\u0131 bilenler i\u00e7in her zaman bir anahtar vard\u0131r; stratejik kumarbazl\u0131klar\u0131n, sessiz devrimlerin ve k\u00fcresel h\u0131rslar\u0131n kap\u0131s\u0131n\u0131 aralayan bir anahtar. I\u015f\u0131k Plastik&#8217;in son raporu da i\u015fte b\u00f6yle bir kale ve biz, \u00c7eker Ailesi&#8217;nin bu kalenin surlar\u0131 ard\u0131nda in\u015fa etti\u011fi vizyonun anahtar\u0131n\u0131 bulduk.<\/p>\n<p>Bu yaz\u0131da, I\u015f\u0131k Plastik&#8217;in son finansal raporlar\u0131n\u0131n derinliklerine inerek, \u015firketin durumu ve gelecek vizyonu hakk\u0131nda ilk bak\u0131\u015fta fark edilmeyen, \u015fa\u015f\u0131rt\u0131c\u0131 ve bir o kadar da \u00f6nemli be\u015f ger\u00e7e\u011fi ortaya \u00e7\u0131karaca\u011f\u0131z. Bu ger\u00e7ekler, \u015firketin sadece bug\u00fcnk\u00fc performans\u0131n\u0131 de\u011fil, ayn\u0131 zamanda gelecekteki potansiyelini de anlamak i\u00e7in kritik ipu\u00e7lar\u0131 sunuyor.<\/p>\n<h3><b>1. Sat\u0131\u015flar D\u00fc\u015ferken K\u00e2rl\u0131l\u0131k Nas\u0131l U\u00e7ar? I\u015f\u0131k Plastik&#8217;in Finansal Paradoksu<\/b><\/h3>\n<p><i>Geleneksel i\u015f mant\u0131\u011f\u0131, b\u00fcy\u00fcmek i\u00e7in daha fazla satman\u0131z gerekti\u011fini s\u00f6yler. I\u015f\u0131k Plastik&#8217;in finansallar\u0131 ise aksini iddia ediyor.<\/i><\/p>\n<p>Finans d\u00fcnyas\u0131nda genellikle sat\u0131\u015flar\u0131n artmas\u0131 k\u00e2rl\u0131l\u0131\u011f\u0131n da artmas\u0131 anlam\u0131na gelir. Ancak I\u015f\u0131k Plastik&#8217;in son raporlar\u0131 bu beklentiyi alt\u00fcst eden bir tablo sunuyor. Bu, \u015firketin stratejik zek\u00e2s\u0131n\u0131n ve finansal y\u00f6netimindeki ustal\u0131\u011f\u0131n\u0131n en belirgin g\u00f6stergesi.<\/p>\n<ul>\n<li>30 Eyl\u00fcl 2025&#8217;te sona eren 9 ayl\u0131k d\u00f6nemde, \u015firketin Net Sat\u0131\u015flar\u0131 bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re <b>%15 azalarak<\/b> 2.084.611.069 TL&#8217;den 1.768.253.218 TL&#8217;ye geriledi.<\/li>\n<li>Buna kar\u015f\u0131l\u0131k, ayn\u0131 d\u00f6nemde \u015firketin FAV\u00d6K (Faiz, Amortisman ve Vergi \u00d6ncesi K\u00e2r) rakam\u0131 ise <b>%27 artarak<\/b> 291.573.659 TL&#8217;den 369.775.506 TL&#8217;ye y\u00fckseldi.<\/li>\n<\/ul>\n<p>Bu bir tesad\u00fcf de\u011fil; bu bir finansal disiplin dersi. I\u015f\u0131k Plastik, bir yandan \u00fcr\u00fcn karmas\u0131n\u0131 daha y\u00fcksek k\u00e2r marjl\u0131 \u00fcr\u00fcnlere do\u011fru rafine ederken, di\u011fer yandan kat\u0131 maliyet kontrolleri uygulayarak daha dayan\u0131kl\u0131 ve k\u00e2rl\u0131 bir i\u015f modeli in\u015fa etmi\u015f durumda. Bu sonu\u00e7, ba\u015far\u0131n\u0131n tek yolunun ciro b\u00fcy\u00fcmesi olmad\u0131\u011f\u0131n\u0131 kan\u0131tl\u0131yor.<\/p>\n<h3><b>2. Sadece T\u00fcrkiye&#8217;de De\u011fil, Amerika&#8217;da da \u00dcretim: \u015ea\u015f\u0131rt\u0131c\u0131 K\u00fcresel Ayak \u0130zi<\/b><\/h3>\n<p>I\u015f\u0131k Plastik&#8217;i sadece T\u00fcrkiye merkezli bir \u00fcretici olarak d\u00fc\u015f\u00fcn\u00fcyorsan\u0131z, yan\u0131l\u0131yorsunuz. \u015eirket, raporlar\u0131nda detayland\u0131rd\u0131\u011f\u0131 \u00fczere, tamam\u0131na sahip oldu\u011fu i\u015ftirakleri ile k\u00fcresel bir oyuncu konumunda.<\/p>\n<ul>\n<li><b>Sirius Plastic LLC<\/b> (ABD)<\/li>\n<li><b>UG Plast Inc.<\/b> (ABD)<\/li>\n<li><b>Is\u0131k France<\/b> (Fransa)<\/li>\n<\/ul>\n<p>Buradaki en \u015fa\u015f\u0131rt\u0131c\u0131 detay ise UG Plast Inc.&#8217;in sadece bir sat\u0131\u015f ofisi olmamas\u0131. Bu i\u015ftirak, Amerika&#8217;da \u00e7ok duvarl\u0131 polipropilen ve polikarbonat levha imalat\u0131 yapan bir \u00fcretim tesisi olarak faaliyet g\u00f6steriyor. Bu hamle, basit bir geni\u015flemeden \u00f6te, stratejik bir ustal\u0131k hamlesidir. I\u015f\u0131k Plastik, do\u011frudan Kuzey Amerika pazar\u0131nda \u00fcretim yaparak tedarik zincirini k\u0131salt\u0131yor, transatlantik nakliye risklerine kar\u015f\u0131 kendini koruyor ve d\u00fcnyan\u0131n en b\u00fcy\u00fck ekonomilerinden birinde yerel bir oyuncu olarak konumlan\u0131yor. Bu k\u00fcresel operasyonlar\u0131n toplam sat\u0131\u015flara etkisi de olduk\u00e7a belirgin: 2025&#8217;in ilk dokuz ay\u0131nda toplam sat\u0131\u015flar\u0131n %16,06&#8217;s\u0131 UG Plast, %3,65&#8217;i Sirius Plastic LLC ve %1,19&#8217;u Is\u0131k France taraf\u0131ndan ger\u00e7ekle\u015ftirilmi\u015ftir.<\/p>\n<h3><b>3. Sessiz Bir Devrim: Sermayede Yakla\u015f\u0131k 7 Kat Art\u0131\u015f<\/b><\/h3>\n<p>\u015eirketlerin sermaye art\u0131r\u0131mlar\u0131 genellikle dikkat \u00e7eker, ancak I\u015f\u0131k Plastik&#8217;in ger\u00e7ekle\u015ftirdi\u011fi art\u0131\u015f hem \u00f6l\u00e7e\u011fi hem de y\u00f6ntemiyle \u00f6zel bir anlam ta\u015f\u0131yor. \u015eirket, finansal yap\u0131s\u0131n\u0131 k\u00f6kten g\u00fc\u00e7lendiren sessiz ve derinden bir devrime imza att\u0131.<\/p>\n<ul>\n<li>\u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 212.918.465 TL&#8217;den <b>1.500.000.000 TL&#8217;ye<\/b> y\u00fckseltildi. Bu, yakla\u015f\u0131k 7 katl\u0131k bir art\u0131\u015f anlam\u0131na geliyor.<\/li>\n<li>En kritik detay ise bu devasa art\u0131\u015f\u0131n <b>&#8220;tamam\u0131 i\u00e7 kaynaklardan kar\u015f\u0131lanmak suretiyle&#8221;<\/b> ger\u00e7ekle\u015ftirilmi\u015f olmas\u0131.<\/li>\n<\/ul>\n<p>Pek \u00e7ok \u015firketin b\u00fcy\u00fcmeyi finanse etmek i\u00e7in borca veya hisse sahipli\u011fini suland\u0131rmaya dayand\u0131\u011f\u0131 bir \u00e7a\u011fda I\u015f\u0131k Plastik, g\u00fc\u00e7l\u00fc bir mesaj veriyor: ge\u00e7mi\u015fteki ba\u015far\u0131s\u0131, gelecekteki h\u0131rs\u0131 i\u00e7in gereken tek yak\u0131tt\u0131r. Bu, \u00c7eker Ailesi&#8217;nin d\u0131\u015far\u0131dan sermaye aramadan, kendi vizyonlar\u0131na olan inan\u00e7lar\u0131n\u0131 ikiye katlad\u0131\u011f\u0131n\u0131n en net g\u00f6stergesidir.<\/p>\n<h3><b>4. Plastik ve \u0130novasyon: Resmi Onayl\u0131 Bir Ar-Ge Merkezi<\/b><\/h3>\n<p>Plastik end\u00fcstrisi genellikle geleneksel ve d\u00fc\u015f\u00fck teknolojili bir sekt\u00f6r olarak alg\u0131lanabilir. Ancak I\u015f\u0131k Plastik, bu alg\u0131y\u0131 y\u0131kan \u00f6nemli bir ad\u0131mla inovasyona verdi\u011fi \u00f6nemi kan\u0131tl\u0131yor ve sekt\u00f6r stereotiplerine meydan okuyor.<\/p>\n<ul>\n<li>I\u015f\u0131k Plastik, 6 Eyl\u00fcl 2018 tarihinde <b>Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131<\/b> taraf\u0131ndan resmi olarak tescillenmi\u015f bir <b>&#8220;Ar-Ge Merkezi&#8221;<\/b> belgesine sahip oldu.<\/li>\n<li>Bu merkezin faaliyetleri kapsam\u0131nda, 30 Eyl\u00fcl 2025&#8217;te sona eren 9 ayl\u0131k d\u00f6nemde yap\u0131lan Ar-Ge harcamas\u0131 tam <b>21.353.883 TL<\/b> olarak kaydedildi.<\/li>\n<\/ul>\n<p>Bir \u00fcretim \u015firketinin devlet taraf\u0131ndan onayl\u0131 bir Ar-Ge merkezine sahip olmas\u0131, sadece yeni \u00fcr\u00fcnler geli\u015ftirmekle kalmay\u0131p, ayn\u0131 zamanda \u00fcretim s\u00fcre\u00e7lerini iyile\u015ftirdi\u011fini, verimlili\u011fi art\u0131rd\u0131\u011f\u0131n\u0131 ve sekt\u00f6r\u00fcnde teknolojik olarak \u00f6nc\u00fc bir rol \u00fcstlendi\u011fini g\u00f6sterir. Bu, \u015firketin rekabet avantaj\u0131n\u0131 s\u00fcrd\u00fcr\u00fclebilir k\u0131lma konusundaki kararl\u0131l\u0131\u011f\u0131n\u0131n bir ispat\u0131d\u0131r.<\/p>\n<h3><b>5. Gelece\u011fe Yat\u0131r\u0131m: S\u00fcrd\u00fcr\u00fclebilirlik Art\u0131k Y\u00f6netim Kurulu G\u00fcndeminde<\/b><\/h3>\n<p>Plastik sekt\u00f6r\u00fcndeki herhangi bir \u015firket i\u00e7in s\u00fcrd\u00fcr\u00fclebilirlik, y\u00f6netim kurulundaki en \u00f6nemli konudur. I\u015f\u0131k Plastik, bu konuda somut ve resmi bir ad\u0131m atarak sadece bir uyum kutusunu i\u015faretlemekle kalm\u0131yor, bu zorlukla do\u011frudan y\u00fczle\u015fiyor.<\/p>\n<ul>\n<li>Y\u00f6netim Kurulu, 11 Eyl\u00fcl 2025 tarihinde ald\u0131\u011f\u0131 bir kararla \u015firket b\u00fcnyesinde bir <b>&#8220;S\u00fcrd\u00fcr\u00fclebilirlik Komitesi&#8221;<\/b> kurulmas\u0131n\u0131 kararla\u015ft\u0131rd\u0131.<\/li>\n<li>Bu komitenin temel amac\u0131, \u015firketin T\u00fcrkiye S\u00fcrd\u00fcr\u00fclebilirlik Raporlama Standartlar\u0131 (TSRS) ba\u015fta olmak \u00fczere, ulusal ve uluslararas\u0131 d\u00fczenlemelere uyumunu sa\u011flamak ve \u015firketin s\u00fcrd\u00fcr\u00fclebilirlik stratejisini y\u00f6netmektir.<\/li>\n<\/ul>\n<p>\u015eirket, uzun vadeli \u00e7evresel ve sosyal y\u00f6neti\u015fimi kurumsal stratejisinin tam kalbine yerle\u015ftirerek bu meydan okumay\u0131 kucakl\u0131yor. Bu, \u015firketin uzun vadeli riskleri y\u00f6netme ve gelece\u011fin i\u015f d\u00fcnyas\u0131nda sorumlu bir oyuncu olarak var olma niyetinin en a\u00e7\u0131k ifadesidir.<\/p>\n<h3><b>Sonu\u00e7: Rakamlar\u0131n Ard\u0131ndaki Vizyon<\/b><\/h3>\n<p>I\u015f\u0131k Plastik&#8217;in faaliyet raporu, dikkatli bir g\u00f6zle okundu\u011funda, sadece finansal verilerden ibaret olmad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Rakamlar\u0131n ard\u0131nda, k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rmak i\u00e7in operasyonel m\u00fckemmelli\u011fe odaklanan, ABD&#8217;de \u00fcretim yapacak kadar k\u00fcreselle\u015fen, kendi kaynaklar\u0131yla devasa bir sermaye art\u0131r\u0131m\u0131 yapabilen, inovasyona yat\u0131r\u0131m yapan ve s\u00fcrd\u00fcr\u00fclebilirli\u011fi y\u00f6netim kurulu g\u00fcndemine ta\u015f\u0131yan stratejik bir vizyon yat\u0131yor.<\/p>\n<p>Bu be\u015f ger\u00e7ek, I\u015f\u0131k Plastik&#8217;in sadece bug\u00fcn\u00fcn zorluklar\u0131na de\u011fil, ayn\u0131 zamanda gelece\u011fin f\u0131rsatlar\u0131na da haz\u0131rland\u0131\u011f\u0131n\u0131 ortaya koyuyor. Bu detaylar, \u015firketin gelecekteki yolculu\u011funu anlamak i\u00e7in kritik birer pusula niteli\u011findedir. Peki, bir aile \u015firketinin k\u00fcresel ve yenilik\u00e7i bir oyuncuya d\u00f6n\u00fc\u015f\u00fcm hikayesi, bize i\u015f d\u00fcnyas\u0131n\u0131n gelece\u011fi hakk\u0131nda ne anlat\u0131yor?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1>I\u015f\u0131k Plastik 2025 \u00dc\u00e7\u00fcnc\u00fc \u00c7eyrek Durum Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, I\u015f\u0131k Plastik Sanayi ve D\u0131\u015f Ticaret Pazarlama A.\u015e.&#8217;nin 1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6nemine ait konsolide faaliyet raporu ve finansal tablolar\u0131n\u0131 analiz ederek \u015firketin performans\u0131, stratejik y\u00f6n\u00fc ve finansal durumu hakk\u0131nda kapsaml\u0131 bir de\u011ferlendirme sunmaktad\u0131r.<\/p>\n<p>D\u00f6nemin en kritik bulgular\u0131 \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Finansal Performans:<\/b> Net sat\u0131\u015flar, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %15&#8217;lik bir d\u00fc\u015f\u00fc\u015fle 1,77 milyar TL&#8217;ye gerilemi\u015f olsa da, \u015firketin k\u00e2rl\u0131l\u0131\u011f\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde artm\u0131\u015ft\u0131r. Faiz, Amortisman ve Vergi \u00d6ncesi K\u00e2r (FAV\u00d6K) %27 artarak 369,8 milyon TL&#8217;ye ula\u015fm\u0131\u015f ve FAV\u00d6K marj\u0131 %14&#8217;ten %21&#8217;e y\u00fckselmi\u015ftir. Bu d\u00f6nemde \u015firket 200,3 milyon TL net k\u00e2r elde etmi\u015ftir.<\/li>\n<li><b>Stratejik Hamleler:<\/b> \u015eirket, tamam\u0131 i\u00e7 kaynaklardan kar\u015f\u0131lanmak suretiyle \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini 212,9 milyon TL&#8217;den 1,5 milyar TL&#8217;ye y\u00fckselterek \u00f6nemli bir sermaye art\u0131r\u0131m\u0131na gitmi\u015ftir. Ayr\u0131ca, d\u00f6nem i\u00e7inde 627,4 milyon TL tutar\u0131nda yat\u0131r\u0131m harcamas\u0131 ger\u00e7ekle\u015ftirerek b\u00fcy\u00fcme odakl\u0131 stratejisini s\u00fcrd\u00fcrm\u00fc\u015ft\u00fcr.<\/li>\n<li><b>Uluslararas\u0131 Geni\u015fleme:<\/b> ABD ve Fransa&#8217;daki ba\u011fl\u0131 ortakl\u0131klar (UG Plast Inc., Sirius Plastic LLC ve Is\u0131k France) \u00fczerinden y\u00fcr\u00fct\u00fclen uluslararas\u0131 faaliyetler, toplam sat\u0131\u015flar\u0131n yakla\u015f\u0131k %21&#8217;ini olu\u015fturarak \u015firketin co\u011frafi \u00e7e\u015fitlili\u011fini art\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>Sermaye Yap\u0131s\u0131 ve Riskler:<\/b> \u015eirketin bor\u00e7luluk oran\u0131 artm\u0131\u015f, Toplam Y\u00fck\u00fcml\u00fcl\u00fckler\/\u00d6zkaynak oran\u0131 0,51&#8217;den 0,77&#8217;ye y\u00fckselmi\u015ftir. En dikkat \u00e7ekici risk unsuru, 30 Eyl\u00fcl 2025 itibar\u0131yla 1,05 milyar TL&#8217;ye ula\u015fan net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fck pozisyonudur. Bu durum, \u015firketi kur dalgalanmalar\u0131na kar\u015f\u0131 hassas k\u0131lmaktad\u0131r; TL&#8217;nin %10 de\u011fer kaybetmesi yakla\u015f\u0131k 105 milyon TL&#8217;lik bir zarara yol a\u00e7abilir.<\/li>\n<li><b>Kurumsal Y\u00f6netim:<\/b> \u015eirket, 11 Eyl\u00fcl 2025 tarihinde bir &#8220;S\u00fcrd\u00fcr\u00fclebilirlik Komitesi&#8221; kurarak \u00e7evresel, sosyal ve y\u00f6neti\u015fim (\u00c7SY) konular\u0131na verdi\u011fi \u00f6nemi kurumsal d\u00fczeyde peki\u015ftirmi\u015ftir.<\/li>\n<\/ul>\n<h2>1. \u015eirket Profili ve Kurumsal Yap\u0131<\/h2>\n<p>I\u015f\u0131k Plastik Sanayi ve D\u0131\u015f Ticaret Pazarlama A.\u015e., end\u00fcstriyel plastik levha, plastikten sofra ve mutfak e\u015fyas\u0131 (termoform) ile masterbatch ve compound \u00fcretimi segmentlerinde faaliyet g\u00f6stermektedir. \u015eirket, 4 Ekim 1988 tarihinde tescil edilmi\u015ftir.<\/p>\n<h3>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirket, 17 Temmuz 2024 tarihli genel kurul karar\u0131yla kay\u0131tl\u0131 sermaye tavan\u0131n\u0131 5,8 milyar TL&#8217;ye \u00e7\u0131karm\u0131\u015ft\u0131r. 31 Temmuz 2025&#8217;te SPK onay\u0131 ile \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi, tamam\u0131 i\u00e7 kaynaklardan kar\u015f\u0131lanarak 212.918.465 TL&#8217;den 1.500.000.000 TL&#8217;ye y\u00fckseltilmi\u015ftir.<\/p>\n<p>\u015eirketin hakim orta\u011f\u0131 %64,40 pay ile Erpet Turizm \u0130n\u015faat Taahh\u00fct Sanayi ve Ticaret A.\u015e.&#8217;dir. Erpet Turizm&#8217;in %84,02&#8217;sine sahip olan Mehmet \u00c7eker, \u015firketin dolayl\u0131 olarak nihai hakim orta\u011f\u0131 konumundad\u0131r.<\/p>\n<p><b>Ortakl\u0131k Yap\u0131s\u0131 (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Orta\u011f\u0131n Ad\u0131\/Unvan\u0131<\/td>\n<td>Sermaye Pay\u0131 (TL)<\/td>\n<td>Oran (%)<\/td>\n<\/tr>\n<tr>\n<td>Erpet Turizm \u0130n\u015faat Taahh\u00fct Sanayi ve Ticaret A.\u015e.<\/td>\n<td>965.925.229,11<\/td>\n<td>64,40<\/td>\n<\/tr>\n<tr>\n<td>Mehmet \u00c7eker<\/td>\n<td>29.284.560,02<\/td>\n<td>1,95<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer Ortaklar<\/td>\n<td>504.790.210,87<\/td>\n<td>33,65<\/td>\n<\/tr>\n<tr>\n<td><b>Nominal Sermaye Toplam\u0131<\/b><\/td>\n<td><b>1.500.000.000,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<p>\u015eirket, 6 \u00fcyeden olu\u015fan bir Y\u00f6netim Kurulu taraf\u0131ndan y\u00f6netilmektedir. Kurulda iki ba\u011f\u0131ms\u0131z \u00fcye bulunmaktad\u0131r.<\/p>\n<ul>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan\u0131:<\/b> Mehmet \u00c7eker<\/li>\n<li><b>Ba\u015fkan Yard\u0131mc\u0131s\u0131 ve Genel M\u00fcd\u00fcr:<\/b> Abdullah \u00c7eker<\/li>\n<li><b>\u00dcyeler:<\/b> Ahmet Sadin \u00c7eker, Abdulkerim Emek<\/li>\n<li><b>Ba\u011f\u0131ms\u0131z \u00dcyeler:<\/b> Fato\u015f K\u0131l\u0131\u00e7 B\u0131\u00e7ak\u00e7\u0131o\u011flu, Mitat \u015eahin<\/li>\n<\/ul>\n<p>\u015eirket b\u00fcnyesinde d\u00f6rt adet komite faaliyet g\u00f6stermektedir: Denetim Komitesi, Riskin Erken Saptanmas\u0131 Komitesi, Kurumsal Y\u00f6netim Komitesi ve 11 Eyl\u00fcl 2025 tarihinde kurulan S\u00fcrd\u00fcr\u00fclebilirlik Komitesi.<\/p>\n<h3>Ba\u011fl\u0131 Ortakl\u0131klar ve Uluslararas\u0131 Faaliyetler<\/h3>\n<p>I\u015f\u0131k Plastik&#8217;in %100 oran\u0131nda pay sahibi oldu\u011fu \u00fc\u00e7 adet ba\u011fl\u0131 ortakl\u0131\u011f\u0131 bulunmaktad\u0131r. Bu ortakl\u0131klar \u015firketin uluslararas\u0131 pazarlardaki varl\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ba\u011fl\u0131 Ortakl\u0131k<\/td>\n<td>\u00dclke<\/td>\n<td>Faaliyet Konusu<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Sirius Plastic LLC<\/td>\n<td>ABD<\/td>\n<td>Sat\u0131\u015f ve Pazarlama<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>UG Plast Inc.<\/td>\n<td>ABD<\/td>\n<td>\u00dcretim, Sat\u0131\u015f ve Pazarlama<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>Is\u0131k France<\/td>\n<td>Fransa<\/td>\n<td>Sat\u0131\u015f ve Pazarlama<\/td>\n<td>100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla toplam sat\u0131\u015flar\u0131n %16,06&#8217;s\u0131 Ug Plast, %3,65&#8217;i Sirius Plastic LLC ve %1,19&#8217;u Is\u0131k France arac\u0131l\u0131\u011f\u0131yla ger\u00e7ekle\u015ftirilmi\u015ftir.<\/p>\n<h2>2. Finansal Performans Analizi (1 Ocak &#8211; 30 Eyl\u00fcl 2025)<\/h2>\n<p><i>T\u00fcm finansal veriler, TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama) standard\u0131na g\u00f6re 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla sat\u0131n alma g\u00fcc\u00fcne g\u00f6re d\u00fczeltilmi\u015ftir.<\/i><\/p>\n<h3>Finansal Performansa Genel Bak\u0131\u015f<\/h3>\n<p>\u015eirket, sat\u0131\u015f gelirlerindeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen operasyonel verimlili\u011fini ve k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rm\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal Kalem<\/td>\n<td>30 Eyl\u00fcl 2025 (TL)<\/td>\n<td>Sat\u0131\u015flara Oran\u0131 (%)<\/td>\n<td>30 Eyl\u00fcl 2024 (TL)<\/td>\n<td>Sat\u0131\u015flara Oran\u0131 (%)<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Sat\u0131\u015flar<\/b><\/td>\n<td>1.768.253.218<\/td>\n<td>100<\/td>\n<td>2.084.611.069<\/td>\n<td>100<\/td>\n<td>(%15)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>503.977.932<\/td>\n<td>29<\/td>\n<td>504.770.889<\/td>\n<td>24<\/td>\n<td>%0<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>242.125.321<\/td>\n<td>14<\/td>\n<td>192.349.724<\/td>\n<td>9<\/td>\n<td>%26<\/td>\n<\/tr>\n<tr>\n<td><b>FAV\u00d6K<\/b>*<\/td>\n<td>369.775.506<\/td>\n<td>21<\/td>\n<td>291.573.659<\/td>\n<td>14<\/td>\n<td>%27<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131<\/b><\/td>\n<td>200.310.307<\/td>\n<td>11<\/td>\n<td>274.512.752<\/td>\n<td>13<\/td>\n<td>(%27)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>*FAV\u00d6K: Esas Faaliyet K\u00e2r\u0131\u2019na amortisman giderleri ve itfa paylar\u0131 eklenerek hesaplanm\u0131\u015ft\u0131r.<\/i><\/p>\n<h3>Sat\u0131\u015f Gelirleri Da\u011f\u0131l\u0131m\u0131<\/h3>\n<p>Toplam net sat\u0131\u015flar bir \u00f6nceki y\u0131la g\u00f6re %15 azalm\u0131\u015ft\u0131r. Yurt d\u0131\u015f\u0131 sat\u0131\u015flar, toplam cironun yakla\u015f\u0131k %63&#8217;\u00fcn\u00fc olu\u015fturmaktad\u0131r.<\/p>\n<p><b>Co\u011frafi B\u00f6lgelere G\u00f6re Sat\u0131\u015flar (Net Has\u0131lat &#8211; TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>B\u00f6lge<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2024<\/td>\n<\/tr>\n<tr>\n<td>T\u00fcrkiye<\/td>\n<td>671.860.699<\/td>\n<td>727.491.304<\/td>\n<\/tr>\n<tr>\n<td>ABD<\/td>\n<td>408.456.387<\/td>\n<td>484.932.923<\/td>\n<\/tr>\n<tr>\n<td>Avrupa Birli\u011fi<\/td>\n<td>392.454.719<\/td>\n<td>667.799.577<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>295.481.413<\/td>\n<td>204.387.265<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>1.768.253.218<\/b><\/td>\n<td><b>2.084.611.069<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00dcr\u00fcn \u00c7e\u015fidine G\u00f6re Sat\u0131\u015flar (Net Has\u0131lat &#8211; TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u00dcr\u00fcn \u00c7e\u015fidi<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2024<\/td>\n<\/tr>\n<tr>\n<td>Levha<\/td>\n<td>1.404.882.310<\/td>\n<td>1.640.171.293<\/td>\n<\/tr>\n<tr>\n<td>Termoform<\/td>\n<td>215.391.257<\/td>\n<td>308.391.476<\/td>\n<\/tr>\n<tr>\n<td>Hizmet<\/td>\n<td>63.320.787<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>84.658.864<\/td>\n<td>136.048.300<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>1.768.253.218<\/b><\/td>\n<td><b>2.084.611.069<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Bilan\u00e7o ve Bor\u00e7luluk<\/h3>\n<p>\u015eirketin toplam varl\u0131klar\u0131 4,39 milyar TL&#8217;ye, \u00f6zkaynaklar\u0131 ise 2,48 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bor\u00e7luluk oranlar\u0131nda bir art\u0131\u015f g\u00f6zlemlenmektedir.<\/p>\n<p><b>Bor\u00e7luluk Rasyolar\u0131<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler \/ \u00d6zkaynak<\/td>\n<td>0,77<\/td>\n<td>0,51<\/td>\n<\/tr>\n<tr>\n<td>Net Finansal Bor\u00e7 \/ \u00d6zkaynak<\/td>\n<td>0,58<\/td>\n<td>0,35<\/td>\n<\/tr>\n<tr>\n<td>Toplam Varl\u0131klar \/ \u00d6zkaynak<\/td>\n<td>1,77<\/td>\n<td>1,51<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Stratejik Geli\u015fmeler ve Operasyonel Faaliyetler<\/h2>\n<h3>Yat\u0131r\u0131mlar ve Ar-Ge<\/h3>\n<ul>\n<li><b>Yat\u0131r\u0131mlar:<\/b> \u015eirket, 30 Eyl\u00fcl 2025&#8217;te sona eren dokuz ayl\u0131k d\u00f6nemde 627.433.268 TL tutar\u0131nda yat\u0131r\u0131m ger\u00e7ekle\u015ftirmi\u015ftir. Bu rakam, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 196.962.375 TL&#8217;lik yat\u0131r\u0131m\u0131n olduk\u00e7a \u00fczerindedir ve \u015firketin b\u00fcy\u00fcme stratejisini desteklemektedir.<\/li>\n<li><b>Ar-Ge:<\/b> \u015eirket, 2018 y\u0131l\u0131ndan beri Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 onayl\u0131 bir Ar-Ge Merkezi&#8217;ne sahiptir. Bu d\u00f6nemde 21.353.883 TL Ar-Ge harcamas\u0131 yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>K\u00e2r Pay\u0131 Da\u011f\u0131t\u0131m\u0131<\/h3>\n<p>\u015eirket, k\u00e2r da\u011f\u0131t\u0131m politikas\u0131 \u00e7er\u00e7evesinde 2024 y\u0131l\u0131 kar\u0131ndan 2.782.881 TL tutar\u0131nda temett\u00fc da\u011f\u0131t\u0131m\u0131n\u0131 25 Nisan 2025 tarihli Ola\u011fan Genel Kurul&#8217;da onaylatm\u0131\u015f ve \u00f6demeleri 26-30 Haziran 2025 tarihleri aras\u0131nda ger\u00e7ekle\u015ftirmi\u015ftir. Politika, da\u011f\u0131t\u0131labilir d\u00f6nem k\u00e2r\u0131n\u0131n asgari %5&#8217;inin nakden da\u011f\u0131t\u0131lmas\u0131n\u0131 ilke olarak kabul etmektedir.<\/p>\n<h2>4. Kurumsal Y\u00f6netim ve \u0130nsan Kaynaklar\u0131<\/h2>\n<h3>Kurumsal Y\u00f6netim<\/h3>\n<p>I\u015f\u0131k Plastik, Sermaye Piyasas\u0131 Kurulu&#8217;nun Kurumsal Y\u00f6netim \u0130lkeleri&#8217;ne uyum sa\u011flamay\u0131 hedeflemektedir. Bu do\u011frultuda 11 Eyl\u00fcl 2025&#8217;te &#8220;S\u00fcrd\u00fcr\u00fclebilirlik Komitesi&#8221; kurulmas\u0131, \u015firketin \u00c7SY konular\u0131na artan odaklanmas\u0131n\u0131 g\u00f6stermektedir. Komite, s\u00fcrd\u00fcr\u00fclebilirlik konusundaki ulusal ve uluslararas\u0131 d\u00fczenlemelere uyumu sa\u011flamay\u0131 ama\u00e7lamaktad\u0131r.<\/p>\n<h3>\u0130nsan Kaynaklar\u0131<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla \u015firketin toplam \u00e7al\u0131\u015fan say\u0131s\u0131 259&#8217;dur. Personel yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<ul>\n<li><b>\u00c7al\u0131\u015fma Ortam\u0131:<\/b> \u00c7al\u0131\u015fanlar\u0131n %72&#8217;si fabrikada, %28&#8217;i ofiste g\u00f6rev yapmaktad\u0131r.<\/li>\n<li><b>E\u011fitim Durumu:<\/b> Personelin %70&#8217;i lise ve temel e\u011fitim mezunu olup, %30&#8217;u y\u00fcksekokul, lisans ve y\u00fcksek lisans mezunudur.<\/li>\n<li><b>K\u0131dem:<\/b> \u00c7al\u0131\u015fanlar\u0131n %71&#8217;i 0-5 y\u0131l aras\u0131 k\u0131deme sahiptir, bu da \u015firketin son y\u0131llarda b\u00fcy\u00fcd\u00fc\u011f\u00fcn\u00fc ve yeni istihdam yaratt\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/li>\n<li><b>Ya\u015f Da\u011f\u0131l\u0131m\u0131:<\/b> En b\u00fcy\u00fck \u00e7al\u0131\u015fan grubu %32 ile 36-45 ya\u015f aras\u0131ndad\u0131r.<\/li>\n<\/ul>\n<h2>5. Risk De\u011ferlendirmesi<\/h2>\n<h3>Kur Riski<\/h3>\n<p>\u015eirketin en \u00f6nemli finansal riskini kur riski olu\u015fturmaktad\u0131r. 30 Eyl\u00fcl 2025 itibar\u0131yla, \u015firketin <b>1.050.350.738 TL<\/b> tutar\u0131nda net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fck pozisyonu bulunmaktad\u0131r. Bu pozisyon a\u011f\u0131rl\u0131kl\u0131 olarak ABD Dolar\u0131 ve Avro cinsi bor\u00e7lanmalardan kaynaklanmaktad\u0131r.<\/p>\n<p><b>Kur Riski Duyarl\u0131l\u0131k Analizi:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Senaryo<\/td>\n<td>Net K\u00e2r\/Zarar \u00dczerindeki Etkisi (TL)<\/td>\n<\/tr>\n<tr>\n<td>Yabanc\u0131 paralar\u0131n TL kar\u015f\u0131s\u0131nda %10 de\u011fer kazanmas\u0131<\/td>\n<td>(105.035.074)<\/td>\n<\/tr>\n<tr>\n<td>Yabanc\u0131 paralar\u0131n TL kar\u015f\u0131s\u0131nda %10 de\u011fer kaybetmesi<\/td>\n<td>105.035.074<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Bu tablo, \u015firketin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131n kur hareketlerine ne kadar duyarl\u0131 oldu\u011funu a\u00e7\u0131k\u00e7a g\u00f6stermektedir.<\/p>\n<h3>Hukuki ve Operasyonel Riskler<\/h3>\n<ul>\n<li><b>Davalar:<\/b> \u015eirket aleyhine a\u00e7\u0131lm\u0131\u015f ve mali durumu \u00f6nemli \u00f6l\u00e7\u00fcde etkileyebilecek nitelikte bir dava bulunmamaktad\u0131r. Ancak, tamam\u0131 i\u015f kazas\u0131 kaynakl\u0131 on adet maddi ve manevi tazminat davas\u0131 devam etmektedir.<\/li>\n<li><b>Alacak Riski:<\/b> \u015eirket taraf\u0131ndan ba\u015flat\u0131lan icra takiplerine konu olan ve tahsil kabiliyeti \u015f\u00fcpheli alacaklar bulunmaktad\u0131r. Bu alacaklar\u0131n tamam\u0131 tahsil edilemeyen \u00e7eklerden kaynaklanmaktad\u0131r. Bu durum, alacaklar\u0131n tahsil edilememe riskini art\u0131rmaktad\u0131r.<\/li>\n<li><b>Bor\u00e7luluk Riski:<\/b> Artan kald\u0131ra\u00e7 oranlar\u0131, \u015firketin finansal esnekli\u011fini azaltabilir ve finansman maliyetlerini art\u0131rabilir. \u015eirket y\u00f6netimi, k\u00e2rl\u0131l\u0131\u011f\u0131 art\u0131rmak i\u00e7in k\u0131sa vadeli i\u015fletme sermayesi kredileri kullan\u0131m\u0131n\u0131 de\u011ferlendirmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"545\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bir Faaliyet Raporunun Perde Arkas\u0131: I\u015f\u0131k Plastik Hakk\u0131nda Sizi \u015ea\u015f\u0131rtacak 5 Ger\u00e7ek Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye Bir faaliyet raporu, genellikle jargonla \u00f6r\u00fclm\u00fc\u015f duvarlar\u0131n ard\u0131na gizlenmi\u015f bir rakamlar kalesi gibi g\u00f6r\u00fcn\u00fcr. Ancak nereye bakaca\u011f\u0131n\u0131 bilenler i\u00e7in her zaman bir anahtar vard\u0131r;&#8230; <\/p>\n","protected":false},"author":1,"featured_media":546,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[122],"class_list":["post-545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-iskpl"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/545","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=545"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/545\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/545\/revisions\/547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/546"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}