{"id":560,"date":"2025-12-26T17:22:21","date_gmt":"2025-12-26T14:22:21","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=560"},"modified":"2025-12-26T19:50:41","modified_gmt":"2025-12-26T16:50:41","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-kuyas-kuyas-yatirim-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/560","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #KUYAS | Kuya\u015f Yat\u0131r\u0131m 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #KUYAS | Kuya\u015f Yat\u0131r\u0131m 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/9sqmrB2xZcE?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 Kuyumcu Kooperatifinden Do\u011fan Yat\u0131r\u0131m Devi: Kuya\u015f Hakk\u0131nda Muhtemelen Bilmedi\u011finiz 5 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3><b>Giri\u015f: Merak Uyand\u0131ran Bir Ba\u015flang\u0131\u00e7<\/b><\/h3>\n<p>Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6ren b\u00fcy\u00fck yat\u0131r\u0131m \u015firketlerini d\u00fc\u015f\u00fcnd\u00fc\u011f\u00fcm\u00fczde, akl\u0131m\u0131za genellikle k\u00f6kl\u00fc sanayi holdingleri veya dev bankalar\u0131n i\u015ftirakleri gelir. Ancak her b\u00fcy\u00fck yap\u0131n\u0131n arkas\u0131nda, bazen beklenmedik ve \u015fa\u015f\u0131rt\u0131c\u0131 bir ba\u015flang\u0131\u00e7 hikayesi yatar. Baz\u0131 \u015firketler, m\u00fctevaz\u0131 k\u00f6kenlerden gelerek zamanla kendi sekt\u00f6rlerinin s\u0131n\u0131rlar\u0131n\u0131 a\u015fan devlere d\u00f6n\u00fc\u015f\u00fcr.<\/p>\n<p>Bu \u015firketlerden biri de Kuya\u015f Yat\u0131r\u0131m A.\u015e.&#8217;dir (Eski Unvan: Kuyumcukent Gayrimenkul Yat\u0131r\u0131mlar\u0131 A.\u015e.). K\u00f6kleri bir zanaatkar kooperatifine dayanan Kuya\u015f, bug\u00fcn gayrimenkul geli\u015ftirmenin \u00f6tesine ge\u00e7erek madencilikten temiz enerjiye uzanan geni\u015f bir yelpazede faaliyet g\u00f6steren bir yat\u0131r\u0131m devine d\u00f6n\u00fc\u015fm\u00fc\u015ft\u00fcr. \u015eirketin kamuya a\u00e7\u0131k faaliyet raporlar\u0131ndan derlenen bu yaz\u0131, Kuya\u015f&#8217;\u0131n pek bilinmeyen, en \u015fa\u015f\u0131rt\u0131c\u0131 ve stratejik olarak en anlaml\u0131 y\u00f6nlerini ortaya \u00e7\u0131kar\u0131yor.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>1. Her \u015eey Bir Zanaatkar Kooperatifiyle Ba\u015flad\u0131: T\u00fcrkiye&#8217;nin %100 Halka A\u00e7\u0131k \u0130lk Gayrimenkul \u015eirketinin Do\u011fu\u015fu<\/b><\/h3>\n<p>Kuya\u015f&#8217;\u0131n temelleri, 1988 y\u0131l\u0131nda kuyumculuk sekt\u00f6r\u00fcn\u00fcn altyap\u0131s\u0131n\u0131 geli\u015ftirmek ve zanaatkarlar i\u00e7in modern \u00fcretim alanlar\u0131 olu\u015fturmak amac\u0131yla kurulan &#8220;S\u0131n\u0131rl\u0131 Sorumlu \u0130stanbul Kuyumcu Sanatkarlar\u0131 Toplu \u0130\u015f Yeri Yap\u0131 Kooperatifi&#8221; ile at\u0131ld\u0131. Bu kooperatif, sekt\u00f6r mensuplar\u0131n\u0131n ortak bir vizyon etraf\u0131nda birle\u015fmesiyle do\u011fdu.<\/p>\n<p>2005 y\u0131l\u0131na gelindi\u011finde, bu kooperatif yap\u0131s\u0131 kurumsalla\u015fma yolunda \u00f6nemli bir ad\u0131m atarak Kuyumcukent Gayrimenkul Yat\u0131r\u0131mlar\u0131 A.\u015e.&#8217;yi kurdu. Bu d\u00f6n\u00fc\u015f\u00fcm, sadece bir yap\u0131sal de\u011fi\u015fiklik de\u011fil, ayn\u0131 zamanda \u00fcye odakl\u0131 bir zanaatkar toplulu\u011fundan, hissedar de\u011feri yaratmay\u0131 hedefleyen, \u015feffafl\u0131k ve kurumsal y\u00f6netim ilkeleriyle hareket eden bir yat\u0131r\u0131m g\u00fcc\u00fcne ge\u00e7i\u015fin manifestosuydu.<\/p>\n<p>Kuya\u015f&#8217;\u0131n en \u00e7arp\u0131c\u0131 \u00f6zelliklerinden biri ise &#8220;T\u00fcrkiye&#8217;nin %100&#8217;\u00fc halka a\u00e7\u0131k ilk gayrimenkul \u015firketi&#8221; unvan\u0131na sahip olmas\u0131d\u0131r. \u015eirket hisseleri, 2012 y\u0131l\u0131nda Serbest \u0130\u015flem Platformu&#8217;nda (S\u0130P), 2013 y\u0131l\u0131nda ise \u0130kinci Ulusal Pazar&#8217;da i\u015flem g\u00f6rmeye ba\u015flayarak yat\u0131r\u0131mc\u0131larla \u015feffaf bir ili\u015fki kurma konusundaki kararl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n<p>Bu k\u00f6kl\u00fc ge\u00e7mi\u015fin ve gelece\u011fe d\u00f6n\u00fck vizyonun arkas\u0131ndaki felsefeyi, Y\u00f6netim Kurulu Ba\u015fkan\u0131 Naz\u0131m \u00d6zdemir \u015fu s\u00f6zlerle \u00f6zetliyor:<\/p>\n<p>Hepimizin g\u00f6revi, \u00fclkemize hizmet etmektir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>2. Betondan Madene: Gayrimenkul Devinin \u015ea\u015f\u0131rt\u0131c\u0131 Madencilik Hamlesi<\/b><\/h3>\n<p>Bir gayrimenkul yat\u0131r\u0131m \u015firketinin portf\u00f6y\u00fcn\u00fc \u00e7e\u015fitlendirmesi beklenir, ancak Kuya\u015f&#8217;\u0131n bu hamlesi pek \u00e7ok ki\u015fiyi \u015fa\u015f\u0131rtt\u0131: madencilik. \u015eirket, ana faaliyet alan\u0131 olan in\u015faat\u0131n d\u0131\u015f\u0131na \u00e7\u0131karak kaynaklar\u0131n\u0131 yerin alt\u0131na y\u00f6nlendirdi.<\/p>\n<p>Kuya\u015f, Mersin&#8217;in Silifke il\u00e7esinde yakla\u015f\u0131k 40.000 hektarl\u0131k (400 milyon metrekare) devasa bir alanda boksit ve k\u0131ymetli metaller (alt\u0131n, g\u00fcm\u00fc\u015f, kur\u015fun vb.) aramak \u00fczere tam 20 adet maden arama ruhsat\u0131 ald\u0131. Bu, \u015firketin kaynaklar\u0131n\u0131 ne kadar farkl\u0131 ve stratejik alanlara y\u00f6nlendirebildi\u011finin en net kan\u0131tlar\u0131ndan biri oldu.<\/p>\n<p>Yap\u0131lan ilk sondaj ve analiz \u00e7al\u0131\u015fmalar\u0131, bu yat\u0131r\u0131m\u0131n potansiyelini g\u00f6zler \u00f6n\u00fcne serdi. \u00c7al\u0131\u015fmalarda, ekonomik de\u011fer ta\u015f\u0131yabilecek nitelikte manganez (%21.50) ve bak\u0131r (%0,35) i\u00e7eren zonlar tespit edildi. Dahas\u0131, ilk et\u00fctler, \u015firketin sadece metal madencili\u011fiyle s\u0131n\u0131rl\u0131 kalmayabilece\u011finin sinyallerini veriyor. Y\u00fcksek silis i\u00e7eri\u011fine sahip bir zonun tespiti, Paris \u0130klim Anla\u015fmas\u0131 hedefleriyle uyumlu olarak \u00e7imento \u00fcretiminde karbon sal\u0131n\u0131m\u0131n\u0131 azaltacak bir katk\u0131 maddesi (klinker ikamesi) potansiyeli ta\u015f\u0131yor. Bu bulgu, Kuya\u015f&#8217;\u0131n s\u00fcrd\u00fcr\u00fclebilir end\u00fcstriyel hammaddeler alan\u0131na da girebilece\u011fini g\u00f6steren stratejik bir opsiyon yaratmaktad\u0131r.<\/p>\n<p>Bu stratejik hamle, Kuya\u015f&#8217;\u0131n sadece in\u015faat projeleriyle s\u0131n\u0131rl\u0131 kalmad\u0131\u011f\u0131n\u0131 ve \u00fclke ekonomisine farkl\u0131 kanallardan de\u011fer katma vizyonunu a\u00e7\u0131k\u00e7a g\u00f6stermektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>3. Gelece\u011fe Enerji Yat\u0131r\u0131m\u0131: Elektrikli Ara\u00e7 \u015earj \u0130stasyonlar\u0131 Sekt\u00f6r\u00fcne Giri\u015f<\/b><\/h3>\n<p>Kuya\u015f&#8217;\u0131n bir ba\u015fka beklenmedik ve ileri g\u00f6r\u00fc\u015fl\u00fc yat\u0131r\u0131m\u0131, gelece\u011fin en \u00f6nemli sekt\u00f6rlerinden biri olan temiz enerji ve elektrikli ara\u00e7lar alan\u0131nda geldi. \u015eirket, s\u00fcrd\u00fcr\u00fclebilir bir gelecek i\u00e7in teknolojik d\u00f6n\u00fc\u015f\u00fcm\u00fc yak\u0131ndan takip etti\u011fini bu hamlesiyle kan\u0131tlad\u0131.<\/p>\n<p>14 Nisan 2023 tarihinde, \u015firketin %100 ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan KGY Y\u00f6netim \u0130n\u015faat Hizmetleri A.\u015e. arac\u0131l\u0131\u011f\u0131yla, elektrikli ara\u00e7 \u015farj istasyonu a\u011f\u0131 i\u015fletmeci lisans\u0131na sahip &#8220;Green \u015earj \u0130stasyonlar\u0131 Kurulum A.\u015e.&#8221; firmas\u0131n\u0131n %70&#8217;lik hissesi sat\u0131n al\u0131nd\u0131.<\/p>\n<p>Bu yat\u0131r\u0131m, Kuya\u015f&#8217;\u0131n sadece mevcut sekt\u00f6rlerdeki g\u00fcc\u00fcn\u00fc peki\u015ftirmekle kalmay\u0131p, ayn\u0131 zamanda geli\u015fmekte olan ve gelece\u011fin teknolojilerine odaklanan yeni i\u015f alanlar\u0131ndaki f\u0131rsatlar\u0131 da ne kadar yak\u0131ndan izledi\u011fini g\u00f6steriyor. Bu hamle, \u015firketin &#8220;s\u00fcrd\u00fcr\u00fclebilir yat\u0131r\u0131m&#8221; ve &#8220;temiz enerji&#8221; vizyonuyla tam bir uyum i\u00e7inde at\u0131lm\u0131\u015f stratejik bir ad\u0131md\u0131r. Bu yat\u0131r\u0131m\u0131n, Kuya\u015f&#8217;\u0131n geli\u015ftirdi\u011fi gayrimenkul projelerine entegre bir hizmet olarak m\u0131 sunulaca\u011f\u0131, yoksa ba\u011f\u0131ms\u0131z bir b\u00fcy\u00fcme motoru olarak m\u0131 konumland\u0131r\u0131laca\u011f\u0131, \u015firketin gelecek d\u00f6nem stratejisini anlamak a\u00e7\u0131s\u0131ndan kritik olacakt\u0131r.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>4. Sadece Bir Bina De\u011fil, 11 Milyar TL&#8217;lik Bir Vizyon: Borsa Kule 2 Projesi<\/b><\/h3>\n<p>Kuya\u015f, yeni sekt\u00f6rlere yat\u0131r\u0131m yaparken ana faaliyet alan\u0131 olan gayrimenkuldeki devasa \u00f6l\u00e7e\u011fini ve iddial\u0131 hedeflerini de koruyor. \u015eirketin daha \u00f6nce ba\u015far\u0131yla tamamlad\u0131\u011f\u0131 Borsa Kule A ve B bloklar\u0131ndan sonraki yeni projesi olan Borsa Kule 2, bu vizyonun en somut \u00f6rne\u011fidir.<\/p>\n<p>Projenin b\u00fcy\u00fckl\u00fc\u011f\u00fc, rakamlarla daha net anla\u015f\u0131l\u0131yor. Borsa Kule 2 projesinin toplam sat\u0131labilir alan\u0131 tam 68.679 m\u00b2 olarak planlanm\u0131\u015f durumda. Ancak as\u0131l \u00e7arp\u0131c\u0131 olan, bu devasa alandan hedeflenen ciro beklentisi: 278.716.000 Dolar, yani bug\u00fcnk\u00fc kurla yakla\u015f\u0131k 11 Milyar TL. Bu rakam, \u015firketin projedeki iddias\u0131n\u0131 ve gayrimenkul sekt\u00f6r\u00fcndeki g\u00fcc\u00fcn\u00fc net bir \u015fekilde ortaya koyuyor.<\/p>\n<p>Borsa Kule 2, Kuya\u015f&#8217;\u0131n sadece konut veya standart ofis projeleriyle s\u0131n\u0131rl\u0131 kalmad\u0131\u011f\u0131n\u0131 g\u00f6steren; kuyumculuk gibi \u00f6zel sekt\u00f6rlerin ihtiya\u00e7lar\u0131na y\u00f6nelik, y\u00fcksek rant potansiyelli ticari alanlar \u00fcretme konusundaki uzmanl\u0131\u011f\u0131n\u0131 kan\u0131tlayan, pazardaki liderli\u011fini peki\u015ftiren ve ni\u015f ticari gayrimenkul segmentindeki finansal g\u00fcc\u00fcn\u00fc sergileyen bir amiral gemisi projesidir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>5. Yeni Bir Yap\u0131lanma: Holdingle\u015fme Yolunda Stratejik Bir Ad\u0131m<\/b><\/h3>\n<p>Kuya\u015f&#8217;\u0131n gelecek vizyonu sadece b\u00fcy\u00fck projelerle de\u011fil, ayn\u0131 zamanda kurumsal yap\u0131s\u0131n\u0131 daha verimli ve g\u00fc\u00e7l\u00fc hale getirecek stratejik ad\u0131mlarla da \u015fekilleniyor. \u015eirket, daha sofistike bir yap\u0131ya ge\u00e7i\u015f i\u00e7in \u00f6nemli bir yeniden yap\u0131lanma s\u00fcrecini ba\u015flatt\u0131.<\/p>\n<p>Bu kapsamda, Borsakule binas\u0131nda bulunan gayrimenkullerinin bir k\u0131sm\u0131n\u0131, yeni kurulan ve %100 ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan Kuya\u015f Gayrimenkul A.\u015e.&#8217;ye devrederek bir &#8220;k\u0131smi b\u00f6l\u00fcnme&#8221; ger\u00e7ekle\u015ftirdi. Bu yap\u0131lanman\u0131n ana amac\u0131, Kuya\u015f Yat\u0131r\u0131m A.\u015e.&#8217;nin &#8220;holdingle\u015fme yoluyla b\u00fcy\u00fcmesini&#8221; sa\u011flamak ve yeni kurulan Kuya\u015f Gayrimenkul A.\u015e.&#8217;nin ilerleyen d\u00f6nemde bir &#8220;Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131&#8217;na (GYO)&#8221; d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesini planlamakt\u0131r.<\/p>\n<p>Bu hamle, \u015firketin gayrimenkul varl\u0131klar\u0131n\u0131n de\u011ferini bir GYO \u00e7at\u0131s\u0131 alt\u0131nda daha verimli bir \u015fekilde realize etme ve potansiyel vergi avantajlar\u0131ndan yararlanma potansiyeli ta\u015f\u0131rken, ana holding yap\u0131s\u0131n\u0131n yeni ve \u00e7e\u015fitli yat\u0131r\u0131m alanlar\u0131na odaklanmas\u0131 i\u00e7in gereken esnekli\u011fi ve sermayeyi serbest b\u0131rakmas\u0131n\u0131 hedeflemektedir. Bu stratejik ad\u0131m, \u015firketin sofistike bir kurumsal gelecek vizyonuna sahip oldu\u011funu kan\u0131tl\u0131yor.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>Sonu\u00e7: S\u00fcrekli D\u00f6n\u00fc\u015f\u00fcm ve Gelece\u011fin Yat\u0131r\u0131mlar\u0131<\/b><\/h3>\n<p>Bir zanaatkar kooperatifinden gayrimenkule, oradan madencili\u011fe ve temiz enerjiye uzanan bu yolculuk, Kuya\u015f&#8217;\u0131n s\u00fcrekli d\u00f6n\u00fc\u015f\u00fcm ve adaptasyon yetene\u011finin en net g\u00f6stergesidir. \u015eirket, gayrimenkul sekt\u00f6r\u00fcndeki k\u00f6kl\u00fc tecr\u00fcbesini ve finansal g\u00fcc\u00fcn\u00fc, gelece\u011fin sekt\u00f6rlerine yat\u0131r\u0131m yapma cesaretiyle birle\u015ftirerek dikkat \u00e7ekici bir b\u00fcy\u00fcme hikayesi yaz\u0131yor.<\/p>\n<p>Kuya\u015f&#8217;\u0131n bu ad\u0131mlar\u0131, sadece finansal bir ba\u015far\u0131y\u0131 de\u011fil, ayn\u0131 zamanda k\u00f6klerine sad\u0131k kalarak gelece\u011fi \u015fekillendirme arzusunu da ortaya koyuyor. Piyasa, k\u00f6klerine bu kadar sad\u0131k kalarak gelece\u011fin sekt\u00f6rlerine cesurca yat\u0131r\u0131m yapan Kuya\u015f&#8217;\u0131n bir sonraki stratejik hamlesinin ne olaca\u011f\u0131n\u0131 ve bu \u00e7e\u015fitlendirilmi\u015f portf\u00f6y\u00fc nas\u0131l bir sinerjiyle y\u00f6netece\u011fini yak\u0131ndan izleyecektir.<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Kuya\u015f Yat\u0131r\u0131m A.\u015e. Faaliyet Raporu ve Finansal Durum De\u011ferlendirmesi (01 Ocak &#8211; 30 Eyl\u00fcl 2025)<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, Kuya\u015f Yat\u0131r\u0131m A.\u015e.&#8217;nin (KUYA\u015e) 01 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6nemine ait faaliyet raporu ve finansal sonu\u00e7lar\u0131n\u0131 kapsaml\u0131 bir \u015fekilde analiz etmektedir. \u015eirket, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131n\u0131 <b>57.199.601 TL net k\u00e2r<\/b> ile tamamlam\u0131\u015ft\u0131r. Bu d\u00f6nemde toplam varl\u0131klar\u0131 6,42 milyar TL&#8217;ye, \u00f6zkaynaklar\u0131 ise 2,69 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/p>\n<p>KUYA\u015e, gayrimenkul sekt\u00f6r\u00fcndeki k\u00f6kl\u00fc konumunu korurken, stratejik \u00e7e\u015fitlendirme ad\u0131mlar\u0131yla gelece\u011fe y\u00f6nelik b\u00fcy\u00fcme alanlar\u0131n\u0131 \u015fekillendirmektedir. Bu ad\u0131mlar aras\u0131nda Mersin&#8217;in Silifke il\u00e7esinde yakla\u015f\u0131k 40.000 hektarl\u0131k alanda y\u00fcr\u00fct\u00fclen <b>maden arama faaliyetleri<\/b> ve ba\u011fl\u0131 ortakl\u0131\u011f\u0131 arac\u0131l\u0131\u011f\u0131yla <b>elektrikli ara\u00e7 \u015farj istasyonu a\u011f\u0131<\/b> sekt\u00f6r\u00fcne yap\u0131lan yat\u0131r\u0131m \u00f6ne \u00e7\u0131kmaktad\u0131r. \u00d6zellikle madencilik alan\u0131nda yap\u0131lan ilk analizler, manganez ve di\u011fer de\u011ferli metallerin varl\u0131\u011f\u0131na i\u015faret ederek \u00f6nemli bir potansiyel bar\u0131nd\u0131rmaktad\u0131r.<\/p>\n<p>\u015eirketin ana faaliyet alan\u0131 olan gayrimenkul geli\u015ftirmede, <b>Borsa Kule 2 Projesi<\/b> en \u00f6nemli gelecek beklentisini olu\u015fturmaktad\u0131r. Projeden yakla\u015f\u0131k <b>11 Milyar TL ciro<\/b> hedeflenmektedir. Devam eden Borsa Kule B Blok projesiyle birlikte, KUYA\u015e kuyumculuk sekt\u00f6r\u00fcne y\u00f6nelik modern ve nitelikli at\u00f6lye arz\u0131n\u0131 s\u00fcrd\u00fcrmektedir.<\/p>\n<p>T\u00fcrkiye\u2019nin %100 halka a\u00e7\u0131k ilk gayrimenkul \u015firketi olma unvan\u0131n\u0131 ta\u015f\u0131yan KUYA\u015e, kurumsal y\u00f6netim ilkelerine ba\u011fl\u0131l\u0131\u011f\u0131n\u0131, aktif hisse geri al\u0131m programlar\u0131 ve \u015feffaf bilgilendirme politikalar\u0131yla peki\u015ftirmektedir. Y\u00f6netim Kurulu Ba\u015fkan\u0131 Naz\u0131m \u00d6zdemir&#8217;in &#8220;Hayata Yat\u0131r\u0131m&#8221; vizyonu do\u011frultusunda \u015firket, sadece in\u015faat alan\u0131nda de\u011fil, temiz enerji ve madencilik gibi yeni sekt\u00f6rlerde de de\u011fer yaratarak payda\u015flar\u0131na s\u00fcrd\u00fcr\u00fclebilir getiri sa\u011flamay\u0131 hedeflemektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Kurumsal Kimlik ve Stratejik Vizyon<\/h2>\n<h3>1.1. \u015eirket Profili ve Tarih\u00e7e<\/h3>\n<p>19 Ekim 2005&#8217;te Kuyumcukent Gayrimenkul Yat\u0131r\u0131mlar\u0131 A.\u015e. unvan\u0131yla kurulan Kuya\u015f Yat\u0131r\u0131m A.\u015e., k\u00f6kleri 1988&#8217;de kurulan S\u0131n\u0131rl\u0131 Sorumlu \u0130stanbul Kuyumcu Sanatkarlar\u0131 Toplu \u0130\u015f Yeri Yap\u0131 Kooperatifi&#8217;ne dayanan bir \u015firkettir. T\u00fcrkiye&#8217;nin <b>%100&#8217;\u00fc halka a\u00e7\u0131k ilk gayrimenkul \u015firketi<\/b> olma \u00f6zelli\u011fini ta\u015f\u0131yan KUYA\u015e, \u00e7eyrek asr\u0131 a\u015fan tecr\u00fcbesiyle sa\u011flam ve fonksiyonel yap\u0131lar in\u015fa etmektedir. \u015eirket hisseleri, 2012&#8217;de Piyasa \u00d6ncesi \u0130\u015flem Platformu&#8217;nda, 2013&#8217;ten itibaren ise Borsa \u0130stanbul&#8217;da (\u00f6nce \u0130kinci Ulusal Pazar, \u015fimdi Ana Pazar) &#8220;KUYAS&#8221; koduyla i\u015flem g\u00f6rmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Y\u0131l<\/td>\n<td>\u00d6nemli Geli\u015fme<\/td>\n<\/tr>\n<tr>\n<td><b>1988<\/b><\/td>\n<td>S.S. \u0130stanbul Kuyumcu Sanatkarlar\u0131 Toplu \u0130\u015f Yeri Yap\u0131 Kooperatifi&#8217;nin kurulu\u015fu.<\/td>\n<\/tr>\n<tr>\n<td><b>2005<\/b><\/td>\n<td>Kuyumcukent Gayrimenkul Yat\u0131r\u0131mlar\u0131 A.\u015e.&#8217;nin (sonradan Kuya\u015f Yat\u0131r\u0131m A.\u015e.) kurulu\u015fu.<\/td>\n<\/tr>\n<tr>\n<td><b>2001-2005<\/b><\/td>\n<td>Kuyumcukent Wedding World projesinin (330.000 m\u00b2) tamamlanmas\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>2008-2011<\/b><\/td>\n<td>\u0130stanbul Vizyon Park Merkez ve Ofis Plaza projesinin hayata ge\u00e7irilmesi.<\/td>\n<\/tr>\n<tr>\n<td><b>2012-2013<\/b><\/td>\n<td>Hisselerin Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmeye ba\u015flamas\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>2015<\/b><\/td>\n<td>Borsa Kule projesinin ba\u015flamas\u0131. A Blok, 2017&#8217;de Borsa \u0130stanbul&#8217;a teslim edildi.<\/td>\n<\/tr>\n<tr>\n<td><b>2016<\/b><\/td>\n<td>Tesis y\u00f6netimi \u015firketi Kuyumcukent Gayrimenkul Y\u00f6netim A.\u015e.&#8217;nin kurulu\u015fu.<\/td>\n<\/tr>\n<tr>\n<td><b>2017<\/b><\/td>\n<td>Kalam\u0131\u015f, Caddebostan ve G\u00f6ztepe&#8217;de kentsel d\u00f6n\u00fc\u015f\u00fcm projelerinin tamamlanmas\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>2022-2024<\/b><\/td>\n<td>Maden arama faaliyetleri ve elektrikli ara\u00e7 \u015farj a\u011f\u0131 yat\u0131r\u0131mlar\u0131 ile stratejik \u00e7e\u015fitlendirme.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>1.2. Vizyon ve Misyon<\/h3>\n<ul>\n<li><b>Vizyon:<\/b> Faaliyet g\u00f6sterdi\u011fi sekt\u00f6rlere y\u00f6n veren, takip edilen ve en g\u00fcvenilir kurumlar aras\u0131nda yer almak.<\/li>\n<li><b>Misyon:<\/b> Yat\u0131r\u0131mlar\u0131n\u0131 ve kaynaklar\u0131n\u0131 etkin bir bi\u00e7imde de\u011ferlendirerek uluslararas\u0131 standartlarda nitelikli projeler hayata ge\u00e7irmek, geli\u015fen i\u015f alanlar\u0131n\u0131 takip ederek payda\u015flar\u0131na de\u011fer yaratmak.<\/li>\n<\/ul>\n<h3>1.3. Y\u00f6netim Kurulu Ba\u015fkan\u0131&#8217;n\u0131n Mesaj\u0131<\/h3>\n<p>Y\u00f6netim Kurulu Ba\u015fkan\u0131 Naz\u0131m \u00d6zdemir, \u015firketin temel felsefesini \u015fu s\u00f6zlerle \u00f6zetlemektedir: <i>&#8220;Hepimizin g\u00f6revi, \u00fclkemize hizmet etmektir. Ba\u015flad\u0131\u011f\u0131m\u0131z her i\u015fte, girdi\u011fimiz her sekt\u00f6rde, bitirdi\u011fimiz her projede, att\u0131\u011f\u0131m\u0131z her imzada, kazand\u0131\u011f\u0131m\u0131z her kuru\u015fta, bunu akl\u0131m\u0131zdan \u00e7\u0131karmad\u0131k.&#8221;<\/i> \u00d6zdemir, d\u00fcr\u00fcst, \u015feffaf, ilkeli ve payda\u015flarla uyumlu bir \u00e7al\u0131\u015fma anlay\u0131\u015f\u0131n\u0131 benimsediklerini vurgulamaktad\u0131r.<\/p>\n<p>\u015eirketin stratejik odak alanlar\u0131 ise <b>&#8220;Hayata Yat\u0131r\u0131m&#8221;<\/b> mottosu alt\u0131nda \u015f\u00f6yle s\u0131ralanmaktad\u0131r:<\/p>\n<ul>\n<li><b>Temiz Enerji:<\/b> Sekt\u00f6r\u00fcn \u00f6nde gelen oyuncular\u0131ndan biri olmak.<\/li>\n<li><b>\u0130n\u015faat:<\/b> Nitelikli projeler olu\u015fturmak.<\/li>\n<li><b>E\u011fitim:<\/b> \u00c7a\u011fda\u015f ve modern kurumlar yaratmak ve i\u015fletmek.<\/li>\n<li><b>Giri\u015fim Sermayesi:<\/b> B\u00fcy\u00fcme potansiyeli ta\u015f\u0131yan orta \u00f6l\u00e7ekli \u015firketleri desteklemek.<\/li>\n<\/ul>\n<h2>2. 2025 \u00dc\u00e7\u00fcnc\u00fc \u00c7eyrek Finansal Performans\u0131<\/h2>\n<h3>2.1. Genel Bak\u0131\u015f<\/h3>\n<p>Kuya\u015f Yat\u0131r\u0131m A.\u015e., 30 Eyl\u00fcl 2025 itibar\u0131yla sona eren dokuz ayl\u0131k d\u00f6nemde <b>57.199.601 TL konsolide net k\u00e2r<\/b> elde etmi\u015ftir. \u015eirketin finansal yap\u0131s\u0131, g\u00fc\u00e7l\u00fc \u00f6zkaynak pozisyonu ile dikkat \u00e7ekmektedir. D\u00f6nem sonu itibar\u0131yla \u015firketin \u00f6zkaynaklar\u0131, 400 milyon TL olan \u00f6denmi\u015f sermayesinin <b>%674<\/b>&#8216;\u00fcne ula\u015farak sermayenin kar\u015f\u0131l\u0131ks\u0131z kalmad\u0131\u011f\u0131n\u0131 ve borca bat\u0131kl\u0131k durumunun s\u00f6z konusu olmad\u0131\u011f\u0131n\u0131 teyit etmektedir.<\/p>\n<h3>2.2. Konsolide Finansal Durum Tablosu \u00d6zeti<\/h3>\n<p>(Tutarlar Bin TL olarak ifade edilmi\u015ftir.)<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalemler<\/td>\n<td><b>30.09.2025<\/b><\/td>\n<td><b>31.12.2024<\/b><\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>4.883.690<\/td>\n<td>3.112.906<\/td>\n<td>+56,9%<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>1.536.550<\/td>\n<td>960.384<\/td>\n<td>+60,0%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>6.420.240<\/b><\/td>\n<td><b>4.073.290<\/b><\/td>\n<td><b>+57,6%<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>3.446.878<\/td>\n<td>1.208.699<\/td>\n<td>+185,1%<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>278.609<\/td>\n<td>400.194<\/td>\n<td>-30,4%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>3.725.487<\/b><\/td>\n<td><b>1.608.893<\/b><\/td>\n<td><b>+131,6%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>2.694.752<\/b><\/td>\n<td><b>2.464.398<\/b><\/td>\n<td><b>+9,3%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.3. Konsolide K\u00e2r veya Zarar Tablosu \u00d6zeti<\/h3>\n<p>(Tutarlar Bin TL olarak ifade edilmi\u015ftir.)<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalemler<\/td>\n<td><b>01.01-30.09.2025<\/b><\/td>\n<td><b>01.01-30.09.2024<\/b><\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>1.193.210<\/td>\n<td>1.328.183<\/td>\n<td>-10,2%<\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti (-)<\/td>\n<td>(953.096)<\/td>\n<td>(955.752)<\/td>\n<td>-0,3%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td><b>240.113<\/b><\/td>\n<td><b>372.430<\/b><\/td>\n<td><b>-35,5%<\/b><\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r\u0131<\/td>\n<td>123.191<\/td>\n<td>275.079<\/td>\n<td>-55,2%<\/td>\n<\/tr>\n<tr>\n<td>Vergi \u00d6ncesi K\u00e2r<\/td>\n<td>215.628<\/td>\n<td>38.933<\/td>\n<td>+453,8%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td><b>56.788<\/b><\/td>\n<td><b>58.043<\/b><\/td>\n<td><b>-2,2%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.4. Finansal Rasyolar ve De\u011ferlendirme<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td><b>30.09.2025<\/b><\/td>\n<td><b>31.12.2024<\/b><\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>142%<\/td>\n<td>258%<\/td>\n<\/tr>\n<tr>\n<td>Bor\u00e7lar\u0131n Toplam Kaynaklara Oran\u0131<\/td>\n<td>58%<\/td>\n<td>39%<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r Marj\u0131 (9 Ayl\u0131k)<\/td>\n<td>20,12%<\/td>\n<td>37,54% (2024 9 Ayl\u0131k)<\/td>\n<\/tr>\n<tr>\n<td>Net K\u00e2r Marj\u0131 (9 Ayl\u0131k)<\/td>\n<td>4,76%<\/td>\n<td>50,90% (2024 9 Ayl\u0131k)<\/td>\n<\/tr>\n<tr>\n<td>Net Bor\u00e7 \/ Toplam Sermaye Oran\u0131<\/td>\n<td>48%<\/td>\n<td>31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Rasyolar, \u015firketin artan bor\u00e7luluk seviyesine i\u015faret ederken, k\u00e2rl\u0131l\u0131k marjlar\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re bir daralma g\u00f6zlenmektedir. Y\u00f6netim, bu durumu \u015firketin yat\u0131r\u0131m ve b\u00fcy\u00fcme odakl\u0131 stratejilerinin bir yans\u0131mas\u0131 olarak de\u011ferlendirmektedir.<\/p>\n<h2>3. Faaliyetler ve Projeler<\/h2>\n<h3>3.1. Gayrimenkul Geli\u015ftirme Projeleri<\/h3>\n<p>KUYA\u015e, ana faaliyet alan\u0131 olan in\u015faat ve gayrimenkul geli\u015ftirme sekt\u00f6r\u00fcnde hem ticari hem de konut projeleri \u00fcretmeye devam etmektedir.<\/p>\n<p><b>Devam Eden Projeler:<\/b><\/p>\n<ul>\n<li><b>Borsa Kule B Blok:<\/b> \u0130n\u015faat\u0131 devam eden proje, kuyumculuk sekt\u00f6r\u00fcne y\u00f6nelik 92 adet modern ve g\u00fcvenli at\u00f6lye sunacakt\u0131r. \u0130nce i\u015fler ve kalan imalatlar i\u00e7in y\u00fcklenici firma ile s\u00f6zle\u015fme 19.04.2021 tarihinde imzalanm\u0131\u015f olup, ba\u011f\u0131ms\u0131z b\u00f6l\u00fcmlerin sat\u0131\u015f s\u00fcreci devam etmektedir.<\/li>\n<li><b>Borsa Kule 2 Projesi:<\/b> \u0130stanbul Yenibosna&#8217;da in\u015faat\u0131na ba\u015flanan proje, 403 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcmden olu\u015fmaktad\u0131r. 50 m\u00b2 ile 220 m\u00b2 aras\u0131nda de\u011fi\u015fen at\u00f6lye se\u00e7enekleri sunan projenin 2026&#8217;da tamamlanmas\u0131 planlanmaktad\u0131r. \u015eirket y\u00f6netimi, bu projeden toplam <b>278,7 milyon Dolar (yakla\u015f\u0131k 11 Milyar TL)<\/b> ciro hedeflemektedir.<\/li>\n<\/ul>\n<p><b>Tamamlanan Projeler:<\/b><\/p>\n<p>\u015eirketin portf\u00f6y\u00fcnde European Property Awards \u00f6d\u00fcll\u00fc Borsa Kule A Blok (Borsa \u0130stanbul&#8217;a sat\u0131ld\u0131), \u0130stanbul Vizyon Park Ofis Bloklar\u0131, \u0130VP Merkez Plaza, Wedding World AVM (Kuyumcukent) gibi b\u00fcy\u00fck \u00f6l\u00e7ekli ticari projeler ile Akal\u0131n, Ceylan ve Hatipo\u011flu apartmanlar\u0131 gibi ba\u015far\u0131l\u0131 kentsel d\u00f6n\u00fc\u015f\u00fcm konut projeleri bulunmaktad\u0131r.<\/p>\n<h3>3.2. Stratejik Yat\u0131r\u0131mlar ve Yeni Giri\u015fimler<\/h3>\n<ul>\n<li><b>Maden Arama Faaliyetleri:<\/b> KUYA\u015e, Mersin ili Silifke il\u00e7esinde yakla\u015f\u0131k 40.000 hektarl\u0131k bir alanda 20 adet maden arama ruhsat\u0131 alm\u0131\u015ft\u0131r. Prof. Dr. Ahmet Hakan BENZER ve Do\u00e7. Dr. Hakan D\u00dcNDAR dan\u0131\u015fmanl\u0131\u011f\u0131nda y\u00fcr\u00fct\u00fclen \u00e7al\u0131\u015fmalarda, boksit ve de\u011ferli metaller (alt\u0131n, g\u00fcm\u00fc\u015f, bak\u0131r vb.) aranmaktad\u0131r.\n<ul>\n<li><b>\u0130lk Bulgular:<\/b> Yap\u0131lan sondajlarda ekonomik de\u011fer arz edebilecek <b>%21,50 ten\u00f6rl\u00fc manganez zonu<\/b> tespit edilmi\u015ftir. Ayr\u0131ca, \u00e7imento \u00fcretiminde klinker ikamesi olarak kullan\u0131labilecek <b>y\u00fcksek silis i\u00e7erikli bir zon<\/b> bulunmu\u015ftur. Bu bulgular do\u011frultusunda teknolojik \u00e7al\u0131\u015fmalar ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>Temiz Enerji (Elektrikli Ara\u00e7 \u015earj A\u011f\u0131):<\/b> Ba\u011fl\u0131 ortakl\u0131\u011f\u0131 KGY Y\u00f6netim \u0130n\u015faat Hizmetleri A.\u015e. arac\u0131l\u0131\u011f\u0131yla, Green \u015earj \u0130stasyonlar\u0131 Kurulum A.\u015e.&#8217;nin %70 hissesi 14.04.2023 tarihinde sat\u0131n al\u0131nm\u0131\u015ft\u0131r. Bu yat\u0131r\u0131mla \u015firket, b\u00fcy\u00fcyen elektrikli ara\u00e7 pazar\u0131nda yerini almay\u0131 hedeflemektedir.<\/li>\n<li><b>GYO D\u00f6n\u00fc\u015f\u00fcm Hedefi:<\/b> 28.08.2023 tarihli y\u00f6netim kurulu karar\u0131yla, Borsakule binas\u0131ndaki baz\u0131 gayrimenkuller i\u015ftirak modeliyle yeni kurulan <b>Kuya\u015f Gayrimenkul A.\u015e.<\/b>&#8216;ye devredilmi\u015ftir. Bu k\u0131smi b\u00f6l\u00fcnmenin ana amac\u0131, Kuya\u015f Gayrimenkul A.\u015e.&#8217;nin ilerleyen d\u00f6nemde bir <b>Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131&#8217;na (GYO)<\/b> d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesidir.<\/li>\n<\/ul>\n<h2>4. Kurumsal Yap\u0131 ve Y\u00f6netim<\/h2>\n<h3>4.1. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla \u015firketin sermaye ve ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<ul>\n<li><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye:<\/b> 400.000.000 TL<\/li>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 500.000.000 TL<\/li>\n<li><b>Pay Sahipleri:<\/b> \u015eirketin 13.000&#8217;den fazla orta\u011f\u0131 bulunmaktad\u0131r ve %100&#8217;\u00fc halka a\u00e7\u0131kt\u0131r. \u0130mtiyazl\u0131 pay bulunmamaktad\u0131r.<\/li>\n<li><b>Ana Ortaklar (\u2265%5):<\/b>\n<ul>\n<li>Rifat Akda\u011f: %6,02 (Pay Tutar\u0131: 24.087.157 TL)<\/li>\n<li>Di\u011fer Ortaklar (Halka A\u00e7\u0131k): %93,92 (Pay Tutar\u0131: 375.673.469 TL)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>4.2. Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<p>\u015eirketin Y\u00f6netim Kurulu, 07 May\u0131s 2025 tarihli genel kurulda 3 y\u0131ll\u0131\u011f\u0131na se\u00e7ilen 8 \u00fcyeden olu\u015fmaktad\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131-Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>Niteli\u011fi<\/td>\n<\/tr>\n<tr>\n<td><b>NAZIM \u00d6ZDEM\u0130R<\/b><\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>\u0130crada G\u00f6revli<\/td>\n<\/tr>\n<tr>\n<td><b>\u0130BRAH\u0130M BAYRAM<\/b><\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131<\/td>\n<td>\u0130crada G\u00f6revli<\/td>\n<\/tr>\n<tr>\n<td>B\u00dcNYAM\u0130N SAMET \u00d6Z\u015eAH\u0130N<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>\u0130crada G\u00f6revli De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>BEDRULLAH EROL<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>\u0130crada G\u00f6revli De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>MUHAMMED NED\u0130M \u00d6ZDEM\u0130R<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>\u0130crada G\u00f6revli De\u011fil<\/td>\n<\/tr>\n<tr>\n<td>MUSTAFA YAL\u00c7IN<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>\u0130crada G\u00f6revli De\u011fil<\/td>\n<\/tr>\n<tr>\n<td><b>FERUDUN \u00c7AVU\u015eER<\/b><\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ba\u011f\u0131ms\u0131z<\/td>\n<\/tr>\n<tr>\n<td><b>ALPEREN ODABA\u015eI<\/b><\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>Ba\u011f\u0131ms\u0131z<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Genel M\u00fcd\u00fcr:<\/b> Ahmet Sar\u0131duman<\/p>\n<h3>4.3. Kurumsal Y\u00f6netim \u0130lkeleri ve Hisse Geri Al\u0131m Programlar\u0131<\/h3>\n<p>KUYA\u015e, Sermaye Piyasas\u0131 Kurulu&#8217;nun Kurumsal Y\u00f6netim \u0130lkelerine uyum sa\u011flamak i\u00e7in \u00e7al\u0131\u015fmalar\u0131n\u0131 s\u00fcrd\u00fcrmektedir. Bu kapsamda <b>Denetimden Sorumlu Komite<\/b>, <b>Kurumsal Y\u00f6netim Komitesi<\/b> ve <b>Riskin Erken Saptanmas\u0131 Komitesi<\/b> aktif olarak g\u00f6rev yapmaktad\u0131r.<\/p>\n<p>\u015eirket, pay sahiplerinin yat\u0131r\u0131mlar\u0131n\u0131n de\u011ferini korumak ve fiyat istikrar\u0131n\u0131 desteklemek amac\u0131yla aktif hisse geri al\u0131m programlar\u0131 y\u00fcr\u00fctmektedir. 200 Milyon TL&#8217;lik program 18.03.2025&#8217;te tamamlanm\u0131\u015f, 28.03.2025&#8217;te ise <b>500 Milyon TL&#8217;lik yeni bir geri al\u0131m program\u0131<\/b> ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/p>\n<h2>5. Risk Y\u00f6netimi ve De\u011ferlendirme<\/h2>\n<p>\u015eirket, varl\u0131\u011f\u0131n\u0131 ve geli\u015fimini tehlikeye atabilecek risklerin tespiti ve y\u00f6netimi i\u00e7in <b>Riskin Erken Saptanmas\u0131 Komitesi<\/b>&#8216;ni kurmu\u015ftur. Komite, d\u00fczenli olarak toplanarak raporlar\u0131n\u0131 Y\u00f6netim Kurulu&#8217;na sunmaktad\u0131r.<\/p>\n<ul>\n<li><b>Piyasa Riski:<\/b> \u0130n\u015faat sekt\u00f6r\u00fcndeki enflasyon, girdi maliyetlerindeki (demir-\u00e7elik vb.) art\u0131\u015flar, jeopolitik riskler (Rusya-Ukrayna sava\u015f\u0131) ve d\u00f6viz kuru dalgalanmalar\u0131 ana piyasa riskleridir.<\/li>\n<li><b>Sermaye Riski:<\/b> Sermaye yap\u0131s\u0131, <b>Net Bor\u00e7\/Toplam Sermaye<\/b> oran\u0131 kullan\u0131larak izlenmektedir. 30 Eyl\u00fcl 2025 itibar\u0131yla bu oran <b>%48<\/b> olarak hesaplanm\u0131\u015ft\u0131r (31.12.2024: %31).<\/li>\n<li><b>Likidite Riski:<\/b> Yeterli nakit ve kredi limitlerinin bulundurulmas\u0131yla y\u00f6netilir.<\/li>\n<li><b>Kredi Riski:<\/b> M\u00fc\u015fterilerin kredi kalitesi s\u00fcrekli de\u011ferlendirilerek ve alacaklar i\u00e7in gerekli durumlarda kar\u015f\u0131l\u0131k ayr\u0131larak y\u00f6netilmektedir.<\/li>\n<li><b>Faiz Oran\u0131 ve D\u00f6viz Kuru Riski:<\/b> \u015eirket, yabanc\u0131 para cinsinden varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fckleri dengeleyerek kur riskini, sabit ve de\u011fi\u015fken faizli bor\u00e7lanma ara\u00e7lar\u0131n\u0131 kullanarak ise faiz riskini y\u00f6netmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"560\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, 1988 y\u0131l\u0131nda kuyumculuk sekt\u00f6r\u00fcne y\u00f6nelik bir kooperatif olarak temelleri at\u0131lan **Kuya\u015f Yat\u0131r\u0131m A.\u015e.&#8217;nin** 2025 y\u0131l\u0131 faaliyetlerini ve kurumsal yap\u0131s\u0131n\u0131 \u00f6zetlemektedir. \u015eirket, **in\u015faat ve gayrimenkul** alanlar\u0131ndaki uzmanl\u0131\u011f\u0131yla \u0130stanbul Vizyon Park ve Kuyumcukent gibi b\u00fcy\u00fck \u00f6l\u00e7ekli ticari projelerin yan\u0131 s\u0131ra \u00e7e\u015fitli l\u00fcks konut projelerini y\u00f6netmektedir. **S\u00fcrd\u00fcr\u00fclebilir yat\u0131r\u0131m** ve g\u00fcvenilir ortakl\u0131k prensiplerini benimseyen kurulu\u015f, veri gizlili\u011fine \u00f6nem vererek yat\u0131r\u0131mc\u0131 ili\u015fkilerini \u015feffaf bir \u015fekilde y\u00fcr\u00fctmektedir. Raporlarda ayr\u0131ca **y\u00f6netim kurulu yap\u0131s\u0131**, g\u00fcncel finansal veriler, stratejik sekt\u00f6rel analizler ve sahip olunan uluslararas\u0131 **kalite sertifikalar\u0131** hakk\u0131nda detayl\u0131 bilgilere yer verilmektedir. \u015eirketin mevcut sermaye durumu ve gelecekteki performans\u0131n\u0131 etkileyebilecek ekonomik fakt\u00f6rler de bu d\u00f6k\u00fcmanlar kapsam\u0131nda de\u011ferlendirilmektedir. T\u00fcm bu veriler, kurumun piyasadaki konumunu ve operasyonel standartlar\u0131n\u0131 belgeleyen resmi bir **kurumsal genel bak\u0131\u015f** sunmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":567,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[126],"class_list":["post-560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-kuyas"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/560","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=560"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/560\/revisions"}],"predecessor-version":[{"id":568,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/560\/revisions\/568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/567"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}