{"id":577,"date":"2025-12-26T21:28:58","date_gmt":"2025-12-26T18:28:58","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=577"},"modified":"2025-12-26T22:19:36","modified_gmt":"2025-12-26T19:19:36","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-lrsho-loras-holding-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/577","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #LRSHO | Loras Holding 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #LRSHO | Loras Holding 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/3y7b09SY1pY?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>Loras Holding Raporu&#8217;nun Saklad\u0131\u011f\u0131 S\u0131rlar: Milyon Dolarl\u0131k Projeler, Gizli Teknoloji Liderli\u011fi ve Finansal Paradoks<\/h1>\n<p>Kurumsal faaliyet raporlar\u0131, genellikle rakamlar\u0131n ve jargonun arkas\u0131na gizlenmi\u015f, kuru ve yo\u011fun belgeler olarak bilinir. Ancak bazen, bu sayfalar\u0131n aras\u0131nda bir \u015firketin gelece\u011fine dair stratejik h\u0131rs\u0131n, teknolojik yenili\u011fin ve k\u00fcresel eri\u015fimin b\u00fcy\u00fcleyici bir hikayesi yatar. Loras Holding&#8217;in 2025 y\u0131l\u0131 dokuz ayl\u0131k faaliyet raporu da tam olarak b\u00f6yle bir hikaye anlat\u0131yor.<\/p>\n<p>Bu yaz\u0131, holdingin kapsaml\u0131 raporundan en etkili ve \u015fa\u015f\u0131rt\u0131c\u0131 d\u00f6rt \u00e7\u0131kar\u0131m\u0131 dam\u0131tarak, rakamlar\u0131n arkas\u0131ndaki stratejik vizyonu anla\u015f\u0131l\u0131r bir dille ortaya koyuyor. Konya&#8217;dan d\u00fcnyaya uzanan bu etkileyici yolculu\u011fun en \u00f6nemli duraklar\u0131n\u0131 kolay okunur bir liste format\u0131nda a\u015fa\u011f\u0131da bulabilirsiniz.<\/p>\n<p><b>1. Sadece Konut De\u011fil, Bir Ya\u015fam Vizyonu \u0130n\u015fa Ediyorlar: 100 Milyon Dolarl\u0131k Yeni Proje Hamlesi<\/b><\/p>\n<p>Loras Holding, i\u015ftiraki Adese Gayrimenkul arac\u0131l\u0131\u011f\u0131yla gayrimenkul sekt\u00f6r\u00fcnde sadece binalar in\u015fa etmenin \u00f6tesinde, \u015fehirlerin dokusunu de\u011fi\u015ftiren b\u00fcy\u00fck \u00f6l\u00e7ekli projelere imza at\u0131yor. \u00d6zellikle Konya&#8217;da hayata ge\u00e7irilen \u00e7ok etapl\u0131 karma ya\u015fam projesi <b>Zermeram<\/b>, bu vizyonun en somut \u00f6rneklerinden birini te\u015fkil ediyor.<\/p>\n<p>Rapordaki en \u00e7arp\u0131c\u0131 geli\u015fmelerden biri, 23 Ekim 2025 tarihinde duyurulan yeni stratejik ortakl\u0131k. Holding, <b>Ayd\u0131n Yat\u0131r\u0131m Grup<\/b> ile g\u00fc\u00e7lerini birle\u015ftirerek, daha \u00f6nce ilk etab\u0131 tamamlanan amiral gemisi projesi <b>Zermeram<\/b>&#8216;\u0131n 2., 3. ve Ticari etaplar\u0131n\u0131 geli\u015ftirmek \u00fczere bir anla\u015fma imzalad\u0131.<\/p>\n<p>Bu anla\u015fma, Loras Holding i\u00e7in yakla\u015f\u0131k <b>100 milyon ABD Dolar\u0131<\/b> tutar\u0131nda bir gelir potansiyeli ta\u015f\u0131yor. Bu hamle, sadece yeni bir in\u015faat projesi de\u011fil, ayn\u0131 zamanda b\u00f6lgede yeni &#8220;cazibe merkezleri&#8221; yaratarak \u015fehrin gelece\u011fini \u015fekillendirme ve yat\u0131r\u0131mc\u0131s\u0131na de\u011fer katma stratejisinin net bir g\u00f6stergesi.<\/p>\n<p><b>2. Konya&#8217;dan D\u00fcnyaya Uzanan Gizli Teknoloji Lideri: \u0130ma\u015f Makina&#8217;n\u0131n Stratejik Evrimi<\/b><\/p>\n<p>Raporun en \u015fa\u015f\u0131rt\u0131c\u0131 bulgular\u0131ndan biri, makine sekt\u00f6r\u00fcndeki i\u015ftirak <b>\u0130ma\u015f Makina Sanayi A.\u015e.&#8217;nin<\/b> ula\u015ft\u0131\u011f\u0131 k\u00fcresel \u00f6l\u00e7ek ve teknolojik derinlik. \u0130ma\u015f, Konya&#8217;dan d\u00fcnyan\u0131n d\u00f6rt bir yan\u0131na teknoloji ihra\u00e7 eden, alan\u0131nda uzmanla\u015fm\u0131\u015f markalar\u0131yla dikkat \u00e7ekiyor:<\/p>\n<ul>\n<li><b>Milleral<\/b> (tah\u0131l de\u011firmencili\u011fi)<\/li>\n<li><b>Viteral<\/b> (hayvan yemi teknolojileri)<\/li>\n<li><b>Cuteral<\/b> (metal kesim teknolojileri)<\/li>\n<li><b>Steral<\/b> (\u00e7elik konstr\u00fcksiyon)<\/li>\n<\/ul>\n<p>\u0130novasyona verdi\u011fi \u00f6nemi, sahip oldu\u011fu <b>77 tescilli belge<\/b> (patent, faydal\u0131 model ve tasar\u0131mlar dahil) ile kan\u0131tlayan \u0130ma\u015f, Ar-Ge faaliyetleriyle de gelece\u011fe yat\u0131r\u0131m yap\u0131yor. \u00d6zellikle <b>T\u00dcB\u0130TAK destekli &#8220;Yapay Zeka Tabanl\u0131&#8230;Metal Kesme Makineleri&#8221; projesi<\/b>, \u015firketin teknoloji odakl\u0131 vizyonunu net bir \u015fekilde ortaya koyuyor.<\/p>\n<p>\u015eirketin 20 Haziran 2025&#8217;te duyurdu\u011fu stratejik yeniden yap\u0131lanma karar\u0131 da bu vizyonu destekliyor. \u0130ma\u015f, ana faaliyetlerini daha odakl\u0131 hale getirmek i\u00e7in <b>Viteral A.\u015e., Milleral A.\u015e. ve Cuteral A.\u015e.<\/b> ad\u0131nda \u00fc\u00e7 yeni \u015firkete b\u00f6lme karar\u0131 ald\u0131. Bu durum, Anadolu&#8217;dan \u00e7\u0131kan bir B2B \u015firketinin teknoloji ve stratejik odaklanma yoluyla d\u00fcnya sahnesinde nas\u0131l liderli\u011fe oynad\u0131\u011f\u0131n\u0131n klasik bir &#8220;gizli \u015fampiyon&#8221; hikayesidir.<\/p>\n<p><b>3. \u00d6d\u00fcll\u00fc Bir Makarna Markas\u0131ndan Fazlas\u0131: Selva G\u0131da&#8217;n\u0131n Kapasite Patlamas\u0131 ve K\u00fcresel Rol\u00fc<\/b><\/p>\n<p>Holdingin bir di\u011fer kilit i\u015ftiraki olan Selva G\u0131da, T\u00fcrkiye&#8217;nin makarna sekt\u00f6r\u00fcndeki g\u00fcc\u00fcn\u00fc peki\u015ftiren stratejik ad\u0131mlar at\u0131yor. Unutmamak gerekir ki <b>T\u00fcrkiye<\/b>, \u0130talya&#8217;dan sonra d\u00fcnyan\u0131n en b\u00fcy\u00fck ikinci makarna ihracat\u00e7\u0131s\u0131 konumunda.<\/p>\n<p>Selva G\u0131da, bu pazardaki konumunu sa\u011flamla\u015ft\u0131rmak i\u00e7in son d\u00f6nemde devasa yat\u0131r\u0131mlar ger\u00e7ekle\u015ftirdi. Rapordaki somut veriler bu agresif b\u00fcy\u00fcme stratejisini g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li>Yeni silo yat\u0131r\u0131mlar\u0131yla bu\u011fday depolama kapasitesi <b>%480<\/b> art\u0131r\u0131larak 25.250 tona \u00e7\u0131kar\u0131ld\u0131.<\/li>\n<li>Y\u0131ll\u0131k makarna \u00fcretim kapasitesi <b>%51<\/b> art\u0131\u015fla 93.000 tona ula\u015ft\u0131 ve devam eden yat\u0131r\u0131mlarla bu rakam\u0131n <b>107.712 ton\/y\u0131la<\/b> \u00e7\u0131kar\u0131lmas\u0131 hedefleniyor.<\/li>\n<\/ul>\n<p>Bu kapasiteyle Selva, T\u00fcrkiye&#8217;nin toplam makarna ihracat\u0131n\u0131n yakla\u015f\u0131k <b>%1,9&#8217;luk<\/b> bir pay\u0131n\u0131 tek ba\u015f\u0131na ger\u00e7ekle\u015ftirerek sekt\u00f6rde \u00f6nemli bir oyuncu haline geliyor. Kaliteye olan ba\u011fl\u0131l\u0131\u011f\u0131n\u0131 ise defalarca kazand\u0131\u011f\u0131 <b>&#8220;\u00dcst\u00fcn Lezzet \u00d6d\u00fcl\u00fc&#8221; (Superior Taste Award)<\/b> ile kan\u0131tlayarak <b>&#8220;Diamond \u00d6d\u00fcll\u00fc Makarna Markas\u0131&#8221;<\/b> unvan\u0131n\u0131 almas\u0131yla ta\u00e7land\u0131r\u0131yor. Bu agresif yat\u0131r\u0131m hamleleri, Selva G\u0131da&#8217;n\u0131n hem i\u00e7 hem de d\u0131\u015f pazarlarda hakimiyet kurmaya y\u00f6nelik net stratejisini ortaya koyuyor.<\/p>\n<p><b>4. Gelirler D\u00fc\u015ferken K\u00e2r Nas\u0131l F\u0131rlar? Stratejik Verimlili\u011fin Finansal Yans\u0131mas\u0131<\/b><\/p>\n<p>Raporun finansal \u00f6zet b\u00f6l\u00fcm\u00fc, ilk bak\u0131\u015fta \u00e7eli\u015fkili g\u00f6r\u00fcnen ancak holdingin stratejik d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fc en net \u015fekilde yans\u0131tan verileri i\u00e7eriyor. 2025&#8217;in ilk dokuz ay\u0131n\u0131n 2024&#8217;\u00fcn ayn\u0131 d\u00f6nemiyle kar\u015f\u0131la\u015ft\u0131rmas\u0131 olduk\u00e7a dikkat \u00e7ekici:<\/p>\n<ul>\n<li><b>Toplam Gelirler:<\/b> %22,07 azald\u0131<\/li>\n<li><b>Faaliyet Kar\u0131:<\/b> %62,50 artt\u0131<\/li>\n<li><b>Net D\u00f6nem Kar\u0131\/Zarar\u0131:<\/b> %94,45 iyile\u015fti (b\u00fcy\u00fck bir zarardan \u00e7ok daha k\u00fc\u00e7\u00fck bir zarara ge\u00e7i\u015f)<\/li>\n<\/ul>\n<p>Bu tablo bir \u00e7eli\u015fki de\u011fil, ba\u015far\u0131l\u0131 bir stratejik de\u011fi\u015fimin kan\u0131t\u0131d\u0131r. Raporun analiz b\u00f6l\u00fcm\u00fc, gelirlerdeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen k\u00e2rl\u0131l\u0131ktaki bu keskin art\u0131\u015f\u0131n ard\u0131ndaki nedenleri a\u00e7\u0131kl\u0131yor. Bu durum, holdingin k\u00e2r marj\u0131 daha y\u00fcksek faaliyetlere odakland\u0131\u011f\u0131n\u0131, Adese Gayrimenkul gibi i\u015ftiraklerde br\u00fct k\u00e2r marj\u0131n\u0131 art\u0131rd\u0131\u011f\u0131n\u0131 ve t\u00fcm \u015firketlerinde maliyet y\u00f6netimi ile operasyonel verimlili\u011fi \u00f6nceliklendirdi\u011fini g\u00f6steriyor. K\u0131sacas\u0131, daha az ciro ile daha fazla k\u00e2r \u00fcretme yetene\u011fi, holdingin stratejik zekas\u0131n\u0131n finansal bir yans\u0131mas\u0131d\u0131r.<\/p>\n<p>Loras Holding faaliyet raporu, rakamlar\u0131n \u00f6tesinde, derin end\u00fcstriyel k\u00f6kleri ileri g\u00f6r\u00fc\u015fl\u00fc ve k\u00fcresel bir vizyonla birle\u015ftiren dinamik ve \u00e7e\u015fitlendirilmi\u015f bir yap\u0131n\u0131n portresini \u00e7iziyor. Gayrimenkulde \u015fehirleri d\u00f6n\u00fc\u015ft\u00fcren iddial\u0131 projelerden, makine sekt\u00f6r\u00fcnde teknoloji liderli\u011fine; g\u0131da alan\u0131nda k\u00fcresel pazar pay\u0131n\u0131 hedefleyen kapasite art\u0131\u015flar\u0131ndan, k\u00e2rl\u0131l\u0131k odakl\u0131 finansal disipline kadar her alanda bilin\u00e7li ve stratejik bir b\u00fcy\u00fcme hikayesi g\u00f6r\u00fcl\u00fcyor.<\/p>\n<p>Bu tablo ak\u0131llara \u015fu soruyu getiriyor: Bir holdingin bu kadar farkl\u0131 sekt\u00f6rde ayn\u0131 anda ve bu denli iddial\u0131 b\u00fcy\u00fcme stratejileri izlemesi, gelece\u011fin ba\u015far\u0131l\u0131 kurumsal modelini mi temsil ediyor?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Loras Holding A.\u015e. 2025 Dokuz Ayl\u0131k Faaliyet Raporu Bilgilendirme Notu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Loras Holding A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihli dokuz ayl\u0131k faaliyet raporu, \u015firketin makine \u00fcretimi, gayrimenkul-in\u015faat ve g\u0131da sekt\u00f6rlerindeki ana faaliyet alanlar\u0131nda stratejik yat\u0131r\u0131mlar\u0131n\u0131 ve operasyonel yeniden yap\u0131lanma s\u00fcre\u00e7lerini kararl\u0131l\u0131kla s\u00fcrd\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir. Bu d\u00f6nemde konsolide toplam gelirler bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %22,07&#8217;lik bir d\u00fc\u015f\u00fc\u015fle 3,54 milyar TL olarak ger\u00e7ekle\u015fse de, operasyonel verimlilik ve k\u00e2rl\u0131l\u0131kta \u00f6nemli bir iyile\u015fme kaydedilmi\u015ftir. Br\u00fct k\u00e2r %2,41 art\u0131\u015fla 1,06 milyar TL&#8217;ye, faaliyet k\u00e2r\u0131 ise %62,50&#8217;lik dikkat \u00e7ekici bir art\u0131\u015fla 641,4 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Net d\u00f6nem zarar\u0131 %94,45 oran\u0131nda azalarak -27,6 milyon TL seviyesine gerilemi\u015ftir. Bu sonu\u00e7lar, Holding&#8217;in gelir taban\u0131ndan ziyade k\u00e2rl\u0131l\u0131k ve verimlilik odakl\u0131 bir y\u00f6netim anlay\u0131\u015f\u0131n\u0131 benimsedi\u011fini ortaya koymaktad\u0131r.<\/p>\n<p>D\u00f6nemin \u00f6ne \u00e7\u0131kan stratejik geli\u015fmeleri \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>G\u0131da Sekt\u00f6r\u00fc:<\/b> Selva G\u0131da, makarna \u00fcretim kapasitesini y\u0131ll\u0131k 107.712 tona, bu\u011fday depolama kapasitesini ise %480 art\u0131\u015fla 25.250 tona \u00e7\u0131kararak pazar pay\u0131n\u0131 ve arz g\u00fcvenli\u011fini art\u0131rmaya y\u00f6nelik agresif bir yat\u0131r\u0131m hamlesi ger\u00e7ekle\u015ftirmi\u015ftir.<\/li>\n<li><b>Gayrimenkul Sekt\u00f6r\u00fc:<\/b> Adese Gayrimenkul, mevcut projelerini (Zermeram, ArmaRenk) ba\u015far\u0131yla ilerletirken, faaliyet d\u00f6nemi sonras\u0131 Konya Meram&#8217;da Ayd\u0131n Yat\u0131r\u0131m Grup ile yakla\u015f\u0131k 100 milyon USD gelir potansiyeli ta\u015f\u0131yan yeni ve b\u00fcy\u00fck \u00f6l\u00e7ekli bir karma ya\u015fam projesi i\u00e7in stratejik bir ortakl\u0131k imzalam\u0131\u015ft\u0131r.<\/li>\n<li><b>Makine \u00dcretim Sekt\u00f6r\u00fc:<\/b> \u0130ma\u015f Makina, daha odakl\u0131 bir y\u00f6netim yap\u0131s\u0131 olu\u015fturmak amac\u0131yla k\u0131smi b\u00f6l\u00fcnme yoluyla Viteral, Milleral ve Cuteral markalar\u0131n\u0131 ayr\u0131 \u015firketlere d\u00f6n\u00fc\u015ft\u00fcrme karar\u0131 alm\u0131\u015ft\u0131r. Ayr\u0131ca T.C. Ticaret Bakanl\u0131\u011f\u0131 taraf\u0131ndan TURQUALITY\u00ae\/Marka Destek Program\u0131 kapsam\u0131na al\u0131narak k\u00fcresel rekabet g\u00fcc\u00fcn\u00fc art\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>Enerji Sekt\u00f6r\u00fcne Giri\u015f:<\/b> Big Power Enerji \u015firketleri arac\u0131l\u0131\u011f\u0131yla, grup \u015firketlerinin enerji maliyetlerini d\u00fc\u015f\u00fcrmek ve fazla elektri\u011fi satmak amac\u0131yla lisanss\u0131z yenilenebilir enerji santralleri kurma planlar\u0131 somutla\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>Loras Holding, 2025&#8217;in ilk dokuz ay\u0131nda portf\u00f6y\u00fcndeki \u015firketleri yeniden yap\u0131land\u0131rarak ve stratejik b\u00fcy\u00fcme alanlar\u0131na yo\u011fun yat\u0131r\u0131m yaparak uzun vadeli de\u011fer yaratma hedefine odaklanm\u0131\u015ft\u0131r. Finansal yap\u0131, 0,35&#8217;lik d\u00fc\u015f\u00fck Bor\u00e7\/\u00d6zkaynak oran\u0131yla sa\u011flaml\u0131\u011f\u0131n\u0131 korumaktad\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<h2>Ana Temalar ve Stratejik Geli\u015fmeler<\/h2>\n<h3>1. Sekt\u00f6rel B\u00fcy\u00fcme ve Yat\u0131r\u0131m Hamleleri<\/h3>\n<p>Loras Holding, faaliyet g\u00f6sterdi\u011fi t\u00fcm ana sekt\u00f6rlerde kapasite art\u0131\u015f\u0131, teknolojik yenilik ve stratejik yeniden yap\u0131lanma yoluyla b\u00fcy\u00fcme ivmesini s\u00fcrd\u00fcrmektedir.<\/p>\n<h4>a. G\u0131da Sekt\u00f6r\u00fc (Selva G\u0131da)<\/h4>\n<p>Selva G\u0131da, hem \u00fcretim altyap\u0131s\u0131n\u0131 hem de hammadde tedarik g\u00fcvenli\u011fini g\u00fc\u00e7lendiren \u00f6nemli yat\u0131r\u0131mlar ger\u00e7ekle\u015ftirmi\u015ftir:<\/p>\n<ul>\n<li><b>Kapasite Art\u0131\u015f\u0131:<\/b>\n<ul>\n<li><b>Makarna \u00dcretimi:<\/b> 2023&#8217;te 62.000 ton\/y\u0131l olan \u00fcretim kapasitesi, 2024&#8217;te devreye al\u0131nan yeni hatlarla \u00f6nce 93.000 tona, Temmuz 2025&#8217;te ise yeni uzun kesme hatt\u0131n\u0131n faaliyete ge\u00e7mesiyle toplamda <b>107.712 ton\/y\u0131l<\/b> seviyesine ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u0130rmik \u00dcretimi:<\/b> Mevcut 340 ton\/g\u00fcn bu\u011fday k\u0131rma kapasitesi, %34&#8217;l\u00fck art\u0131\u015fla <b>455 ton\/g\u00fcn<\/b> seviyesine \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>Hammadde ve Depolama Yat\u0131r\u0131m\u0131:<\/b> D\u00f6rt adet 5.000 tonluk yeni \u00e7elik silo yat\u0131r\u0131m\u0131yla toplam bu\u011fday depolama kapasitesi %480 artarak <b>25.250 tona<\/b> ula\u015fm\u0131\u015ft\u0131r. Bu yat\u0131r\u0131m, hammadde fiyatlar\u0131ndaki dalgalanmalara kar\u015f\u0131 \u015firkete stratejik bir koruma sa\u011flamaktad\u0131r.<\/li>\n<li><b>\u0130hracat Performans\u0131:<\/b> Selva G\u0131da, T\u00fcrkiye&#8217;nin toplam makarna ihracat\u0131ndan <b>%1,9 pay<\/b> alarak sekt\u00f6rdeki \u00f6nemli konumunu korumaktad\u0131r. 2025&#8217;in ilk 8 ay\u0131nda T\u00fcrkiye 941.133 ton makarna ihra\u00e7 ederken, Selva G\u0131da bu d\u00f6nemde 17.421 ton ihracat ger\u00e7ekle\u015ftirmi\u015ftir.<\/li>\n<li><b>Ar-Ge ve \u0130novasyon:<\/b> K\u0131sa kesme makarna \u00fcr\u00fcnlerinde t\u00fcketici beklentilerine y\u00f6nelik &#8220;stand-up&#8221; ambalaj sistemine ge\u00e7ilmi\u015ftir. Ayr\u0131ca ihracat pazarlar\u0131na y\u00f6nelik \u00f6zel \u00fcr\u00fcn geli\u015ftirme \u00e7al\u0131\u015fmalar\u0131 devam etmektedir.<\/li>\n<\/ul>\n<h4>b. Gayrimenkul ve \u0130n\u015faat Sekt\u00f6r\u00fc (Adese Gayrimenkul)<\/h4>\n<p>Adese Gayrimenkul, Konya ve turizm b\u00f6lgelerindeki projelerini ba\u015far\u0131yla ilerletirken, gelece\u011fe d\u00f6n\u00fck y\u00fcksek potansiyelli yeni bir projeyi portf\u00f6y\u00fcne katm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Mevcut Projelerin \u0130lerleme Durumu:<\/b>\n<ul>\n<li><b>Zermeram (Konya):<\/b> 1. Etap (Elmas Evler) %100 tamamlanm\u0131\u015f, 2. Etap (Mercan Evler) ve Arasta AVM&#8217;de ilerleme oran\u0131 %30 seviyesindedir.<\/li>\n<li><b>ArmaRenk (Konya):<\/b> Konut ve ticari birimler dahil olmak \u00fczere proje %100 tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Ayd\u0131n Sanayi ve Ticaret Merkezi (Konya):<\/b> Proje tamamlanm\u0131\u015f ve ticari faaliyetler \u015eubat 2024&#8217;te ba\u015flam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>Stratejik Yeni Proje (Faaliyet D\u00f6nemi Sonras\u0131):<\/b>\n<ul>\n<li>23.10.2025 tarihinde, Konya&#8217;n\u0131n Meram il\u00e7esinde bulunan 244.060 m\u00b2&#8217;lik arsa \u00fczerinde yeni bir prestij projesi geli\u015ftirmek amac\u0131yla <b>Ayd\u0131n Yat\u0131r\u0131m Grup<\/b> ile kat kar\u015f\u0131l\u0131\u011f\u0131 in\u015faat s\u00f6zle\u015fmesi imzalanm\u0131\u015ft\u0131r.<\/li>\n<li>Proje, Loras Holding i\u00e7in yakla\u015f\u0131k <b>100 milyon USD<\/b> tutar\u0131nda bir gelir potansiyeli ta\u015f\u0131maktad\u0131r.<\/li>\n<li>Ortakl\u0131k yap\u0131s\u0131nda projedeki pay <b>%65 Adese Gayrimenkul<\/b> ve <b>%35 Loras Gayrimenkul Yat\u0131r\u0131m<\/b> olarak belirlenmi\u015ftir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Portf\u00f6y B\u00fcy\u00fcmesi:<\/b> \u015eirketin gayrimenkul portf\u00f6y\u00fc 2024&#8217;e k\u0131yasla adetsel olarak 449&#8217;dan 815&#8217;e, alan olarak ise 884.793 m\u00b2&#8217;den <b>1.258.813 m\u00b2&#8217;ye<\/b> y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h4>c. Makine \u00dcretim Sekt\u00f6r\u00fc (\u0130ma\u015f Makina)<\/h4>\n<p>\u0130ma\u015f Makina, kurumsal yap\u0131s\u0131n\u0131 g\u00fc\u00e7lendiren ve k\u00fcresel pazardaki konumunu sa\u011flamla\u015ft\u0131ran \u00f6nemli ad\u0131mlar atm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Organizasyonel Yeniden Yap\u0131lanma:<\/b> Farkl\u0131 sekt\u00f6r dinamiklerine daha etkin odaklanmak amac\u0131yla, 20.06.2025 tarihli y\u00f6netim kurulu karar\u0131yla <b>k\u0131smi b\u00f6l\u00fcnme<\/b> s\u00fcrecine gidilmi\u015ftir. Yem, de\u011firmen ve testere makineleri faaliyetleri, %100 \u0130ma\u015f i\u015ftiraki olacak \u015fekilde kurulacak <b>Viteral Yem Makineleri A.\u015e., Milleral Makine Sanayi A.\u015e.<\/b> ve <b>Cuteral Makine Sanayi A.\u015e.<\/b> unvanl\u0131 yeni \u015firketlere devredilecektir.<\/li>\n<li><b>TURQUALITY\u00ae Program\u0131:<\/b> 12.02.2025 tarihinde, \u0130MAS markas\u0131 T.C. Ticaret Bakanl\u0131\u011f\u0131 taraf\u0131ndan <b>TURQUALITY\u00ae \/ Marka Destek Program\u0131<\/b> kapsam\u0131na al\u0131nm\u0131\u015ft\u0131r. Bu geli\u015fme, markan\u0131n uluslararas\u0131 pazarlardaki konumunu g\u00fc\u00e7lendirecek ve &#8220;T\u00fcrk mal\u0131&#8221; imaj\u0131na katk\u0131 sunacakt\u0131r.<\/li>\n<li><b>Ar-Ge ve \u0130novasyon:<\/b> \u015eirket, bug\u00fcne kadar toplam 77 adet tescilli marka, patent ve tasar\u0131m belgesine ula\u015fm\u0131\u015ft\u0131r. 2024 y\u0131l\u0131nda ba\u015fvurdu\u011fu &#8220;Yapay Zeka Tabanl\u0131 Yeni Nesil \u015eerit Testereli Metal Kesme Makineleri Projesi&#8221;, <b>T\u00dcB\u0130TAK 1711 Yapay Zeka Ekosistem \u00c7a\u011fr\u0131s\u0131<\/b> kapsam\u0131nda desteklenmeye de\u011fer g\u00f6r\u00fclen 16 projeden biri olmu\u015ftur.<\/li>\n<\/ul>\n<h4>d. Enerji Sekt\u00f6r\u00fcne Stratejik Giri\u015f<\/h4>\n<p>Holding, enerji maliyetlerini y\u00f6netmek ve yeni bir faaliyet alan\u0131 yaratmak amac\u0131yla yenilenebilir enerji sekt\u00f6r\u00fcne yat\u0131r\u0131m yapma karar\u0131 alm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Yeni \u015eirketler:<\/b> Bu ama\u00e7la %100 ba\u011fl\u0131 ortakl\u0131k \u015feklinde <b>Big Power Enerji Hizmetleri A.\u015e.<\/b> ve <b>Big Power Elektrik \u00dcretim A.\u015e.<\/b> kurulmu\u015ftur.<\/li>\n<li><b>Yat\u0131r\u0131m Modeli:<\/b> \u00d6ncelikle grup \u015firketleri Adese Gayrimenkul ve Selva G\u0131da i\u00e7in lisanss\u0131z yenilenebilir enerji santralleri kurulmas\u0131 hedeflenmektedir. Bu santrallerin kurulu g\u00fc\u00e7lerinin <b>Adese i\u00e7in 10,2 MW<\/b> ve <b>Selva i\u00e7in 9,0 MW<\/b> olmas\u0131 planlanmaktad\u0131r.<\/li>\n<li><b>\u0130\u015fleyi\u015f:<\/b> Santraller &#8220;yap-i\u015flet-devret&#8221; modeliyle kurulacak, \u00fcretilen elektrik indirimli olarak grup \u015firketlerine sat\u0131lacak, t\u00fcketim fazlas\u0131 ise \u015febekeye sat\u0131larak ek gelir elde edilecektir.<\/li>\n<\/ul>\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>2. Finansal Performans Analizi<\/h3>\n<h4>a. Konsolide Finansal Sonu\u00e7lar<\/h4>\n<p>Loras Holding&#8217;in 2025 y\u0131l\u0131 ilk dokuz ayl\u0131k konsolide finansal performans\u0131, gelirdeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen k\u00e2rl\u0131l\u0131ktaki belirgin art\u0131\u015fla karakterize edilmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Temel G\u00f6stergeler (Bin TL)<\/td>\n<td>30.09.2025<\/td>\n<td>30.09.2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Gelirler<\/b><\/td>\n<td>3.543.362<\/td>\n<td>4.546.608<\/td>\n<td>\u25bc %22,07<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>1.063.681<\/td>\n<td>1.038.648<\/td>\n<td>\u25b2 %2,41<\/td>\n<\/tr>\n<tr>\n<td><b>Faaliyet K\u00e2r\u0131\/Zarar\u0131<\/b><\/td>\n<td>641.398<\/td>\n<td>394.702<\/td>\n<td>\u25b2 %62,50<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131\/Zarar\u0131<\/b><\/td>\n<td>-27.603<\/td>\n<td>-497.554<\/td>\n<td>\u25b2 %94,45<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Aktif B\u00fcy\u00fckl\u00fck:<\/b> Toplam varl\u0131klar bir \u00f6nceki y\u0131l sonuna g\u00f6re %5,64 artarak <b>31,69 milyar TL<\/b>&#8216;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bor\u00e7luluk:<\/b> Bor\u00e7\/\u00d6zkaynak oran\u0131 0,35 seviyesinde olup, \u015firketin finansal yap\u0131s\u0131n\u0131n g\u00fc\u00e7l\u00fc oldu\u011funu g\u00f6stermektedir.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131k Marjlar\u0131:<\/b> Br\u00fct k\u00e2r marj\u0131 %22,84&#8217;ten <b>%30,02<\/b>&#8216;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h4>b. Ba\u011fl\u0131 Ortakl\u0131k Performanslar\u0131<\/h4>\n<ul>\n<li><b>\u0130ma\u015f Makina Sanayi A.\u015e.:<\/b> Has\u0131lat\u0131 %28,62 d\u00fc\u015f\u00fc\u015fle 1,4 milyar TL&#8217;ye gerilemi\u015ftir. Faaliyet k\u00e2r\u0131 da %67,87 azalm\u0131\u015ft\u0131r. Ancak br\u00fct k\u00e2r marj\u0131 37,94&#8217;ten <b>41,92<\/b>&#8216;ye y\u00fckselerek maliyet y\u00f6netimindeki etkinli\u011fe i\u015faret etmi\u015ftir. Sat\u0131\u015flar\u0131n %75,20&#8217;si ihracat iken bu oran 2025&#8217;te %46,80&#8217;e gerilemi\u015f, yurti\u00e7i sat\u0131\u015flar\u0131n pay\u0131 artm\u0131\u015ft\u0131r.<\/li>\n<li><b>Adese Gayrimenkul Yat\u0131r\u0131m A.\u015e.:<\/b> Toplam sat\u0131\u015f gelirleri %43,10 art\u0131\u015fla 680,2 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Br\u00fct k\u00e2r %74,69 artarak 342,5 milyon TL olmu\u015ftur. Br\u00fct k\u00e2r marj\u0131 %41,25&#8217;ten <b>%50,35<\/b>&#8216;e y\u00fckselmi\u015ftir.<\/li>\n<li><b>Selva G\u0131da Sanayi A.\u015e.:<\/b> Toplam sat\u0131\u015f gelirleri %0,33&#8217;l\u00fck s\u0131n\u0131rl\u0131 bir art\u0131\u015fla 1,37 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Net d\u00f6nem zarar\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki -62,3 milyon TL seviyesinden, %40,27&#8217;lik bir iyile\u015fmeyle <b>-37,2 milyon TL<\/b>&#8216;ye gerilemi\u015ftir.<\/li>\n<\/ul>\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>3. Kurumsal Yap\u0131 ve Y\u00f6netim<\/h3>\n<h4>a. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h4>\n<ul>\n<li><b>Sermaye:<\/b> \u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 1.200.000.000 TL, \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi ise <b>768.000.000 TL<\/b>&#8216;dir.<\/li>\n<li><b>Pay Gruplar\u0131:<\/b> Sermaye, imtiyazl\u0131 paylardan olu\u015fmaktad\u0131r:\n<ul>\n<li><b>A Grubu:<\/b> 40.000.000 TL nominal de\u011ferde, borsada i\u015flem g\u00f6rmeyen, genel kurulda her pay i\u00e7in <b>15 oy hakk\u0131na<\/b> sahiptir.<\/li>\n<li><b>B Grubu:<\/b> 728.000.000 TL nominal de\u011ferde, borsada i\u015flem g\u00f6ren, her pay i\u00e7in <b>1 oy hakk\u0131na<\/b> sahiptir.<\/li>\n<\/ul>\n<\/li>\n<li><b>\u00d6nemli Ortaklar:<\/b> %5&#8217;ten fazla paya veya oy hakk\u0131na sahip ortaklar Adnan \u00c7OLAK (Sermaye Pay\u0131: %14,65, Oy Hakk\u0131: %8,47) ve Noya \u00c7elik Sanayi ve Ticaret A.\u015e.&#8217;dir (Sermaye Pay\u0131: %2,68, Oy Hakk\u0131: %23,23).<\/li>\n<\/ul>\n<h4>b. Y\u00f6netim Kurulu ve Komiteler<\/h4>\n<ul>\n<li><b>Y\u00f6netim Kurulu:<\/b> Adnan \u00c7OLAK&#8217;\u0131n ba\u015fkanl\u0131\u011f\u0131nda, 2&#8217;si ba\u011f\u0131ms\u0131z olmak \u00fczere toplam 8 \u00fcyeden olu\u015fmaktad\u0131r. D\u00f6nem i\u00e7inde yap\u0131lan 29 y\u00f6netim kurulu toplant\u0131s\u0131n\u0131n tamam\u0131na t\u00fcm \u00fcyeler kat\u0131l\u0131m sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Komiteler:<\/b> \u015eirket b\u00fcnyesinde, kurumsal y\u00f6netim ilkeleri do\u011frultusunda <b>Denetimden Sorumlu Komite<\/b> ve <b>Riskin Erken Saptanmas\u0131 Komitesi<\/b> faaliyet g\u00f6stermektedir. Her iki komite de d\u00f6nem i\u00e7inde \u00fc\u00e7er toplant\u0131 ger\u00e7ekle\u015ftirmi\u015ftir.<\/li>\n<\/ul>\n<h4>c. Risk Y\u00f6netimi Politikas\u0131<\/h4>\n<p>Holding, stratejik, operasyonel ve finansal (faiz, kur, kredi, likidite) riskleri y\u00f6netmek i\u00e7in kapsaml\u0131 bir politika izlemektedir. Sekt\u00f6r baz\u0131nda \u00f6ne \u00e7\u0131kan risk y\u00f6netimi stratejileri \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Makine \u00dcretimi:<\/b> Daha ucuz i\u015f g\u00fcc\u00fcyle \u00fcretim yapan rakiplere kar\u015f\u0131; kaliteli \u00fcretim, g\u00fc\u00e7l\u00fc sat\u0131\u015f sonras\u0131 hizmetler ve s\u00fcrekli Ar-Ge yat\u0131r\u0131mlar\u0131 ile rekabet avantaj\u0131 sa\u011flanmaktad\u0131r.<\/li>\n<li><b>Gayrimenkul:<\/b> Ekonomik dalgalanmalara kar\u015f\u0131; d\u00fczenli piyasa analizleri, portf\u00f6y\u00fcn co\u011frafi olarak \u00e7e\u015fitlendirilmesi ve g\u00fc\u00e7l\u00fc bilan\u00e7o y\u00f6netimi uygulanmaktad\u0131r.<\/li>\n<li><b>G\u0131da:<\/b> Hammadde (bu\u011fday) fiyatlar\u0131ndaki dalgalanmalara kar\u015f\u0131; hasat d\u00f6neminde y\u00fcksek miktarda stok yap\u0131lmas\u0131 (art\u0131r\u0131lan depolama kapasitesi sayesinde) ve piyasan\u0131n g\u00fcnl\u00fck takibi stratejileri benimsenmi\u015ftir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"577\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **Loras Holding\u2019in 2025 y\u0131l\u0131 dokuz ayl\u0131k faaliyet d\u00f6nemini** kapsayan kapsaml\u0131 kurumsal raporlar\u0131ndan olu\u015fmaktad\u0131r. Kaynaklarda holdingin **sermaye yap\u0131s\u0131, y\u00f6netim kurulu olu\u015fumu ve kurumsal y\u00f6neti\u015fim ilkelerine** dair detayl\u0131 veriler payla\u015f\u0131lmaktad\u0131r. Grup b\u00fcnyesinde yer alan **makine \u00fcretimi, g\u0131da, gayrimenkul ve enerji** gibi farkl\u0131 sekt\u00f6rlerdeki operasyonel s\u00fcre\u00e7ler ile Ar-Ge projeleri geni\u015f bir \u00e7er\u00e7evede ele al\u0131nmaktad\u0131r. \u00d6zellikle **Selva G\u0131da, \u0130ma\u015f Makina ve Adese Gayrimenkul** gibi i\u015ftiraklerin pazar performanslar\u0131, yat\u0131r\u0131m stratejileri ve risk y\u00f6netim politikalar\u0131 teknik verilerle a\u00e7\u0131klanmaktad\u0131r. Ayr\u0131ca \u015firketin **etik kurallar\u0131, k\u00e2r da\u011f\u0131t\u0131m esaslar\u0131 ve s\u00fcrd\u00fcr\u00fclebilirlik vizyonu** gibi kurumsal kimli\u011fini tan\u0131mlayan stratejik yakla\u015f\u0131mlar vurgulanmaktad\u0131r. Son olarak, proje bazl\u0131 gayrimenkul \u00e7al\u0131\u015fmalar\u0131 ve **uluslararas\u0131 ticaret hacmi** gibi finansal b\u00fcy\u00fcmeyi do\u011frudan etkileyen geli\u015fmeler raporun temelini olu\u015fturmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":605,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[130],"class_list":["post-577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-lrsho"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/577","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=577"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/577\/revisions"}],"predecessor-version":[{"id":606,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/577\/revisions\/606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/605"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}