{"id":579,"date":"2025-12-26T21:30:08","date_gmt":"2025-12-26T18:30:08","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=579"},"modified":"2025-12-26T23:03:43","modified_gmt":"2025-12-26T20:03:43","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-mercn-mercan-kimya-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/579","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #MERCN | Mercan Kimya Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #MERCN | Mercan Kimya Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/3OQvnFjuT2Y?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 Kimya Devi Hakk\u0131nda Muhtemelen Bilmedi\u011finiz 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3><b>Giri\u015f: Merak Uyand\u0131ran Ba\u015flang\u0131\u00e7<\/b><\/h3>\n<p>Bir kimya \u015firketi denildi\u011finde akla genellikle end\u00fcstriyel tesisler ve a\u011f\u0131r sanayi gelir. Ancak bu geleneksel alg\u0131y\u0131 temelden sarsan Mercan Kimya, bir sanayi devinin kendini nas\u0131l yeniden konumland\u0131rd\u0131\u011f\u0131n\u0131 ve gelece\u011fi nas\u0131l \u015fekillendirdi\u011fini g\u00f6steren d\u00f6rt stratejik s\u00fctun \u00fczerine kurulu bir vizyon uyguluyor. Bu yaz\u0131da, Mercan Kimya&#8217;n\u0131n geleneksel bir end\u00fcstri oyuncusunun \u00f6tesine ge\u00e7erek bir enerji \u00fcreticisi, teknoloji yat\u0131r\u0131mc\u0131s\u0131 ve k\u00fcresel bir g\u00fc\u00e7 merkezine d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fcn arkas\u0131ndaki stratejik hamleleri inceleyece\u011fiz.<\/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. Sadece T\u00fcketici De\u011fil, Ayn\u0131 Zamanda Bir Ye\u015fil Enerji \u00dcreticisi<\/b><\/h3>\n<p>Mercan Kimya, sekt\u00f6r\u00fcndeki enerji t\u00fcketim kal\u0131plar\u0131n\u0131 y\u0131karak, kendini b\u00fcy\u00fck \u00f6l\u00e7ekli bir ye\u015fil enerji \u00fcreticisi olarak yeniden konumland\u0131r\u0131yor. Bu stratejik pivotun merkezinde, Romanya&#8217;daki ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Rowax Global SRL arac\u0131l\u0131\u011f\u0131yla y\u00fcr\u00fctt\u00fc\u011f\u00fc ve <b>3 y\u0131l i\u00e7inde 40 MW kurulu g\u00fcce ula\u015fma<\/b> hedefi koydu\u011fu G\u00fcne\u015f Enerjisi Santrali (GES) projesi yer al\u0131yor.<\/p>\n<p>Bu vizyoner projenin Rowax Alpha ve Rowax Beta fazlar\u0131 i\u00e7in al\u0131nan 400.000 Euro&#8217;luk Avrupa Birli\u011fi fonu hibesi, giri\u015fimin uluslararas\u0131 alandaki \u00f6nemini tescilliyor. Ancak bu yat\u0131r\u0131m\u0131n stratejik dehas\u0131, yaln\u0131zca ESG (\u00c7evresel, Sosyal ve Y\u00f6neti\u015fim) hedeflerini kar\u015f\u0131laman\u0131n \u00e7ok \u00f6tesindedir. A\u011f\u0131r sanayi i\u00e7in kritik bir k\u0131r\u0131lganl\u0131k olan enerji fiyatlar\u0131ndaki dalgalanmalara kar\u015f\u0131 operasyonel bir kalkan olu\u015fturan bu hamle, \u015firkete uzun vadeli bir rekabet avantaj\u0131 ve operasyonel \u00f6zerklik sa\u011flayarak s\u00fcrd\u00fcr\u00fclebilir bir gelecek in\u015fa ediyor.<\/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. Geleneksel Sanayiden E-\u0130hracat ve S\u00fcrd\u00fcr\u00fclebilir Ambalaj Teknolojilerine<\/b><\/h3>\n<p>Mercan Kimya, fabrika duvarlar\u0131n\u0131n \u00f6tesine ge\u00e7erek gelece\u011fin ekonomisini \u015fekillendiren iki temel alana odaklanan \u201c\u00e7ift motorlu\u201d bir b\u00fcy\u00fcme stratejisi uyguluyor: dijital ekonomi ve d\u00f6ng\u00fcsel ekonomi. Bu stratejinin ilk ad\u0131m\u0131, uluslararas\u0131 e-ticaret pazarlar\u0131nda markalar sat\u0131n al\u0131p b\u00fcy\u00fcten Fevup Brands&#8217;e 1.2 milyon USD bedelle %51 oran\u0131nda ortak olunmas\u0131d\u0131r. Bu hamle, \u015firketin geleneksel B2B \u00fcretim modelinden, y\u00fcksek marjl\u0131 dijital varl\u0131klar\u0131 da i\u00e7eren \u00e7e\u015fitlendirilmi\u015f bir portf\u00f6ye stratejik ge\u00e7i\u015fini simgeliyor. Bu vizyonu tamamlayan ikinci hamle ise Pamukkale \u00dcniversitesi Teknokent&#8217;inde kurulmu\u015f, do\u011fada \u00e7\u00f6z\u00fcnebilen ve karbon ayak izini azaltan yeni nesil ambalajlar \u00fcreten start-up Theca Ambalaj&#8217;a yap\u0131lan 1 milyon USD&#8217;lik yat\u0131r\u0131mla %30&#8217;luk i\u015ftiraktir. Bu iki yat\u0131r\u0131m, birbirinden ba\u011f\u0131ms\u0131z f\u0131rsatlar de\u011fil, gelece\u011fin ka\u00e7\u0131n\u0131lmaz iki ger\u00e7e\u011fine, yani dijitalle\u015fme ve s\u00fcrd\u00fcr\u00fclebilirli\u011fe ayn\u0131 anda cevap veren b\u00fct\u00fcnsel bir stratejinin par\u00e7alar\u0131d\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>3. Nano Teknoloji ile Sekt\u00f6rde \u00c7\u0131\u011f\u0131r A\u00e7an Ar-Ge G\u00fcc\u00fc<\/b><\/h3>\n<p>Mercan Kimya\u2019n\u0131n rekabet g\u00fcc\u00fcn\u00fcn ard\u0131ndaki en \u00f6nemli itici g\u00fc\u00e7lerden biri, <b>g\u00fc\u00e7l\u00fc Ar-Ge ile katma de\u011fer yaratan \u00e7\u00f6z\u00fcmler<\/b> \u00fcretme kabiliyetidir. T.C. Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 taraf\u0131ndan onaylanan ve T\u00fcrkiye&#8217;de kendi sekt\u00f6r\u00fcndeki ilk Ar-Ge Merkezi&#8217;ne sahip olan \u015firket, inovasyonu i\u015f modelinin merkezine yerle\u015ftirmi\u015ftir. Bu merkezde y\u00fcr\u00fct\u00fclen \u00e7al\u0131\u015fmalar\u0131n en somut \u00e7\u0131kt\u0131s\u0131, parafin em\u00fclsiyonlar\u0131nda par\u00e7ac\u0131k boyutlar\u0131n\u0131 nano \u00f6l\u00e7e\u011fe indirerek elde edilen devrim niteli\u011findeki ba\u015far\u0131lard\u0131r.<\/p>\n<p>Bu teknolojik at\u0131l\u0131m, pazarda somut ve \u00f6l\u00e7\u00fclebilir avantajlar yaratm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li>M\u00fc\u015fterilerin maliyetlerinde <b>%60&#8217;a varan avantaj<\/b> sa\u011flanmas\u0131.<\/li>\n<li>\u00dcr\u00fcn bazl\u0131 <b>karbon ayak izinin azalt\u0131lmas\u0131<\/b>.<\/li>\n<li>Geleneksel em\u00fclsiyonlara g\u00f6re y\u00fczey alan\u0131n\u0131n <b>en az 4 kat art\u0131r\u0131lmas\u0131<\/b>.<\/li>\n<\/ul>\n<p>Bu ba\u015far\u0131lar, inovasyonun sadece bir slogan de\u011fil, \u015firketin pazar liderli\u011fini peki\u015ftiren stratejik bir silah oldu\u011funu kan\u0131tlamaktad\u0131r.<\/p>\n<p>Mercan Kimya\u2019n\u0131n en g\u00fc\u00e7l\u00fc y\u00f6nlerinden biri de \u00fcr\u00fcn geli\u015ftirme faaliyetleridir.<\/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. Denizli&#8217;den 5 K\u0131taya Uzanan K\u00fcresel Bir Oyuncu<\/b><\/h3>\n<p>Mercan Kimya\u2019n\u0131n bug\u00fcnk\u00fc k\u00fcresel g\u00fcc\u00fc, k\u00f6klerine s\u0131k\u0131 s\u0131k\u0131ya ba\u011fl\u0131 bir yerel ba\u015flang\u0131\u00e7la derin bir tezat olu\u015fturuyor. 1977 y\u0131l\u0131nda Denizli&#8217;de <b>T\u00fcrkiye\u2019nin parafin \u00fcreten ilk \u015firketlerinden biri<\/b> olarak %100 yerli ve milli sermaye ile kurulan \u015firket, bug\u00fcn end\u00fcstriyel bir \u00fcreticiden \u00e7ok daha fazlas\u0131n\u0131 temsil ediyor.<\/p>\n<p>O m\u00fctevaz\u0131 ba\u015flang\u0131\u00e7tan bu yana Mercan Kimya, stratejik bir vizyonla k\u00fcresel bir oyuncuya d\u00f6n\u00fc\u015ft\u00fc ve bug\u00fcn 5 k\u0131tada 85 \u00fclkeye ihracat yapan bir g\u00fc\u00e7 haline geldi. Bu devasa ihracat operasyonlar\u0131n\u0131n, grup \u015firketlerinden Dermokim taraf\u0131ndan profesyonelce y\u00f6netilmesi, \u015firketin sadece \u00fcretimde de\u011fil, ayn\u0131 zamanda k\u00fcresel pazar dinamiklerini y\u00f6netmedeki yap\u0131sal g\u00fcc\u00fcn\u00fc ve operasyonel m\u00fckemmelli\u011fini de ortaya koyuyor. Bu, yerel bir \u015fampiyonun k\u00fcresel bir lidere d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fcn stratejik bir \u00f6yk\u00fcs\u00fcd\u00fcr.<\/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: Gelece\u011fe Y\u00f6n Veren Bir Vizyon<\/b><\/h3>\n<p>Mercan Kimya \u00f6rne\u011fi, bir \u015firketin sadece kimyasal madde \u00fcreticisi olmad\u0131\u011f\u0131n\u0131; ayn\u0131 zamanda bir enerji \u00fcreticisi, teknoloji yat\u0131r\u0131mc\u0131s\u0131 ve k\u00fcresel bir stratejist olabilece\u011fini kan\u0131tl\u0131yor. \u015eirketin uygulad\u0131\u011f\u0131 bu \u00e7ok y\u00f6nl\u00fc ve ileri g\u00f6r\u00fc\u015fl\u00fc model, onu sadece bug\u00fcn\u00fcn zorluklar\u0131na kar\u015f\u0131 dayan\u0131kl\u0131 k\u0131lmakla kalm\u0131yor, ayn\u0131 zamanda gelece\u011fin f\u0131rsatlar\u0131n\u0131 yakalamak i\u00e7in proaktif bir \u015fekilde konumland\u0131r\u0131yor.<\/p>\n<p>Bu \u00f6rnekten yola \u00e7\u0131karak \u015fu soruyu sormak yerinde olacakt\u0131r: Geleneksel sanayi kollar\u0131ndaki di\u011fer \u015firketlerin de bu kadar \u00e7e\u015fitli ve gelece\u011fe d\u00f6n\u00fck bir i\u015f modelini benimsemesi i\u00e7in ne gibi ad\u0131mlar at\u0131lmas\u0131 gerekir?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Mercan Kimya 2025 \u00dc\u00e7\u00fcnc\u00fc \u00c7eyrek Faaliyet Raporu Brifingi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Mercan Kimya Sanayi ve Ticaret A.\u015e.&#8217;nin 1 Ocak 2025 \u2013 30 Eyl\u00fcl 2025 ara hesap d\u00f6nemine ait faaliyet raporunu analiz ederek \u015firketin stratejik konumunu, finansal performans\u0131n\u0131 ve gelecek hedeflerini \u00f6zetlemektedir. 48 y\u0131ll\u0131k tecr\u00fcbesiyle T\u00fcrkiye&#8217;nin ilk parafin \u00fcreticilerinden olan Mercan Kimya, %100 yerli ve milli sermayeyle faaliyet g\u00f6steren, 5 k\u0131tada 85 \u00fclkeye ihracat yapan global bir ham madde tedarik\u00e7isi konumundad\u0131r.<\/p>\n<p>2025&#8217;in ilk dokuz ay\u0131nda \u015firket, 2,05 milyar TL has\u0131lat elde etmi\u015f ve ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 194 milyon TL&#8217;lik zarara kar\u015f\u0131l\u0131k, ana ortakl\u0131k pay\u0131na d\u00fc\u015fen 101,2 milyon TL&#8217;lik net k\u00e2ra ula\u015farak finansal performans\u0131nda \u00f6nemli bir iyile\u015fme kaydetmi\u015ftir. Bu d\u00f6nemde br\u00fct k\u00e2r marj\u0131 %22,46&#8217;dan %30,88&#8217;e, esas faaliyet k\u00e2r marj\u0131 ise %10,24&#8217;ten %18,97&#8217;ye y\u00fckselmi\u015ftir.<\/p>\n<p>\u015eirketin stratejisi, d\u00f6rt ana s\u00fctun \u00fczerine in\u015fa edilmi\u015ftir:<\/p>\n<ol>\n<li><b>Yenilenebilir Enerjiye Agresif Geni\u015fleme:<\/b> Romanya&#8217;daki ba\u011fl\u0131 ortakl\u0131\u011f\u0131 Rowax Global SRL arac\u0131l\u0131\u011f\u0131yla toplam 40 MW&#8217;l\u0131k G\u00fcne\u015f Enerjisi Santrali (GES) projesine ba\u015flanm\u0131\u015ft\u0131r. 5 MW&#8217;l\u0131k ilk faz\u0131 \u00fcretime ge\u00e7me a\u015famas\u0131ndad\u0131r ve Avrupa Birli\u011fi&#8217;nden 400.000 Euro&#8217;luk hibe al\u0131nm\u0131\u015ft\u0131r. Bu yat\u0131r\u0131m, \u015firketin s\u00fcrd\u00fcr\u00fclebilirlik hedeflerini ve finansal verimlili\u011fini desteklemektedir.<\/li>\n<li><b>Stratejik Kapasite Art\u0131\u015f\u0131:<\/b> Gebze&#8217;de 9.411 m\u00b2&#8217;lik bir alanda in\u015faat\u0131 devam eden yeni lojistik ve \u00fcretim \u00fcss\u00fc, grubun kozmetik ve deterjan ham maddeleri \u00fcretim kapasitesini y\u0131ll\u0131k 10.000 ton art\u0131racakt\u0131r.<\/li>\n<li><b>\u0130novasyon ve Ar-Ge Liderli\u011fi:<\/b> Sekt\u00f6r\u00fcnde T\u00fcrkiye&#8217;nin ilk ve tek Ar-Ge merkezine sahip olan \u015firket, nanoteknoloji kullanarak geli\u015ftirdi\u011fi em\u00fclsiyonlarla m\u00fc\u015fterilerine %60&#8217;a varan maliyet avantaj\u0131 sa\u011flarken, \u00fcr\u00fcnlerin karbon ayak izini de d\u00fc\u015f\u00fcrmektedir.<\/li>\n<li><b>Pazar \u00c7e\u015fitlendirmesi ve B\u00fcy\u00fcme:<\/b> E-ihracat alan\u0131nda Fevup Brands (%51) ve s\u00fcrd\u00fcr\u00fclebilir ambalaj sekt\u00f6r\u00fcnde Theca Ambalaj (%30 i\u015ftirak) gibi start-up yat\u0131r\u0131mlar\u0131yla yeni b\u00fcy\u00fcme alanlar\u0131 yarat\u0131lmaktad\u0131r. Cosmer Kimya&#8217;n\u0131n halka arz\u0131 i\u00e7in SPK onay\u0131 al\u0131nm\u0131\u015f olmas\u0131, grubun finansal yap\u0131s\u0131n\u0131 daha da g\u00fc\u00e7lendirme potansiyeli ta\u015f\u0131maktad\u0131r.<\/li>\n<\/ol>\n<p>Mercan Kimya, g\u00fc\u00e7l\u00fc finansal yap\u0131s\u0131, stratejik yat\u0131r\u0131mlar\u0131 ve inovasyon odakl\u0131 yakla\u015f\u0131m\u0131yla hem yurt i\u00e7i pazardaki liderli\u011fini peki\u015ftirmekte hem de k\u00fcresel pazarlardaki konumunu g\u00fc\u00e7lendirmektedir.<\/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 Genel Bak\u0131\u015f ve Stratejik Konumland\u0131rma<\/h2>\n<p>1977 y\u0131l\u0131nda Denizli&#8217;de kurulan Mercan Kimya, T\u00fcrkiye&#8217;nin parafin \u00fcreten ilk \u015firketlerinden biridir. 48 y\u0131ll\u0131k sekt\u00f6r tecr\u00fcbesi ve %100 yerli ve milli sermaye yap\u0131s\u0131yla, parafin, em\u00fclsiyon, vazelin ve likit parafin gibi ham maddeleri \u00fcreterek ambalaj, ziraat, tekstil, kozmetik ve otomotiv dahil onlarca farkl\u0131 sekt\u00f6re hizmet vermektedir.<\/p>\n<ul>\n<li><b>Misyon:<\/b> Daha fazla sekt\u00f6re \u00e7\u00f6z\u00fcm sa\u011flamak ve uluslararas\u0131 pazarlarda tercih edilen bir ham madde \u00fcreticisi olmak.<\/li>\n<li><b>\u00dcretim Kapasitesi:<\/b> Denizli&#8217;de 20.000 m\u00b2 arazi \u00fczerine kurulu tesislerinde y\u0131ll\u0131k toplam <b>88.127 ton<\/b> \u00fcretim kapasitesine sahiptir.\n<ul>\n<li>Parafin ve Vazelin \u00dcretim Kapasitesi: <b>38.000 ton\/y\u0131l<\/b><\/li>\n<li>Em\u00fclsiyon ve Likit Parafin \u00dcretim Kapasitesi: <b>50.000 ton\/y\u0131l<\/b><\/li>\n<\/ul>\n<\/li>\n<li><b>K\u00fcresel Eri\u015fim:<\/b> \u00dcr\u00fcnlerini 5 k\u0131tada 85 \u00fclkeye ihra\u00e7 ederek T\u00fcrkiye&#8217;nin en \u00e7ok ihracat yapan ikinci sekt\u00f6r\u00fc olan kimya sekt\u00f6r\u00fcne \u00f6nemli katk\u0131 sa\u011flamaktad\u0131r.<\/li>\n<li><b>Kalite Standartlar\u0131:<\/b> 2000 y\u0131l\u0131ndan bu yana \u0130ngiliz Akreditasyon Kurumu Global Certification Limited taraf\u0131ndan verilen Kalite G\u00fcvence Belgesi&#8217;ne sahiptir.<\/li>\n<li><b>Ar-Ge G\u00fcc\u00fc:<\/b> 2018 y\u0131l\u0131nda T.C. Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 taraf\u0131ndan onaylanan, sekt\u00f6r\u00fcndeki ilk Ar-Ge Merkezi&#8217;ne sahiptir.<\/li>\n<\/ul>\n<h2>2. Finansal Performans (01.01.2025 &#8211; 30.09.2025)<\/h2>\n<p>Mercan Kimya&#8217;n\u0131n 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131na ait konsolide finansal sonu\u00e7lar\u0131, sat\u0131\u015f gelirlerindeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen k\u00e2rl\u0131l\u0131kta \u00f6nemli bir art\u0131\u015f ya\u015fand\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<h4>K\u00e2r veya Zarar Tablosu \u00d6nemli Kalemler<\/h4>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>G\u00f6sterge (TL)<\/td>\n<td>01 Ocak &#8211; 30 Eyl\u00fcl 2025<\/td>\n<td>01 Ocak &#8211; 30 Eyl\u00fcl 2024<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>2.051.994.024<\/td>\n<td>2.529.314.935<\/td>\n<td>\u25bc 18,8%<\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti<\/td>\n<td>(1.418.438.575)<\/td>\n<td>(1.961.203.431)<\/td>\n<td>\u25bc 27,7%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td><b>633.555.449<\/b><\/td>\n<td><b>568.111.504<\/b><\/td>\n<td><b>\u25b2 11,5%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td><b>389.353.031<\/b><\/td>\n<td><b>259.073.684<\/b><\/td>\n<td><b>\u25b2 50,3%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131 (Ana Ortakl\u0131k)<\/b><\/td>\n<td><b>101.216.401<\/b><\/td>\n<td>(194.192.430)<\/td>\n<td><b>Pozitife D\u00f6n\u00fc\u015f<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>K\u00e2rl\u0131l\u0131k Oranlar\u0131<\/h4>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Oran<\/td>\n<td>2025\/9<\/td>\n<td>2024\/9<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r Marj\u0131 (%)<\/b><\/td>\n<td>%30,88<\/td>\n<td>%22,46<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r Marj\u0131 (%)<\/b><\/td>\n<td>%18,97<\/td>\n<td>%10,24<\/td>\n<\/tr>\n<tr>\n<td><b>FAV\u00d6K Marj\u0131 (%)<\/b><\/td>\n<td>%22,46<\/td>\n<td>%12,96<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>Sat\u0131\u015f Da\u011f\u0131l\u0131m\u0131 ve Finansal Durum<\/h4>\n<ul>\n<li><b>Sat\u0131\u015flar:<\/b> 30.09.2025 itibar\u0131yla toplam sat\u0131\u015flar\u0131n %84,64&#8217;\u00fc yurt i\u00e7i, %15,36&#8217;s\u0131 yurt d\u0131\u015f\u0131 pazarlardan elde edilmi\u015ftir. \u00d6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla yurt i\u00e7i sat\u0131\u015flar %16,09, yurt d\u0131\u015f\u0131 sat\u0131\u015flar ise %31,32 oran\u0131nda azalm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bilan\u00e7o:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla \u015firketin toplam varl\u0131klar\u0131 <b>3.679.540.796 TL<\/b>, ana ortakl\u0131\u011fa ait \u00f6zkaynaklar\u0131 ise <b>2.247.202.104 TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h2>3. Faaliyet Alanlar\u0131 ve Stratejik Yat\u0131r\u0131mlar<\/h2>\n<p>Mercan Kimya, ana faaliyet alanlar\u0131ndaki g\u00fcc\u00fcn\u00fc korurken yenilenebilir enerji, lojistik ve teknoloji odakl\u0131 start-up&#8217;lar gibi alanlarda stratejik yat\u0131r\u0131mlar yapmaktad\u0131r.<\/p>\n<h4>a. Yenilenebilir Enerji Yat\u0131r\u0131mlar\u0131 (GES)<\/h4>\n<p>S\u00fcrd\u00fcr\u00fclebilirlik ve finansal verimlilik hedefleri do\u011frultusunda, Romanya&#8217;daki ba\u011fl\u0131 ortakl\u0131\u011f\u0131 <b>Rowax Global SRL<\/b> arac\u0131l\u0131\u011f\u0131yla b\u00fcy\u00fck \u00f6l\u00e7ekli GES projeleri y\u00fcr\u00fct\u00fclmektedir.<\/p>\n<ul>\n<li><b>Ana Proje:<\/b> Toplam <b>40 MW<\/b> kurulu g\u00fcce ula\u015fmas\u0131 hedeflenen GES projesi ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Mevcut Durum:<\/b> 5 MW&#8217;l\u0131k ilk faz\u0131n saha kurulumu tamamlanm\u0131\u015f ve enerjilendirme beklenmektedir. Di\u011fer 5 MW&#8217;l\u0131k fazlar i\u00e7in s\u00f6zle\u015fme a\u015famas\u0131na ge\u00e7ilmi\u015ftir.<\/li>\n<li><b>AB Hibesi:<\/b> Rowax Beta ve Rowax Alpha projeleri i\u00e7in <b>400.000 Euro<\/b> de\u011ferinde Avrupa Birli\u011fi fonu hibesi al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Proje Detaylar\u0131:<\/b>\n<ul>\n<li><b>Bratovoesti:<\/b> 4.7 MW AC &#8211; 4.83 MW DC, kurulum tamamland\u0131.<\/li>\n<li><b>Rowax Beta:<\/b> 2.65 MW AC &#8211; 3.5 MW DC, lisans al\u0131m\u0131 tamamland\u0131.<\/li>\n<li><b>Rowax Alpha:<\/b> 1.575 MW AC &#8211; 1.8 MW DC, lisans al\u0131m\u0131 tamamland\u0131.<\/li>\n<li><b>ARAD Projesi:<\/b> 3.24 MW AC &#8211; 4.74 MW DC, izinler bekleniyor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>b. Gebze Lojistik ve \u00dcretim \u00dcss\u00fc<\/h4>\n<p>\u0130stanbul&#8217;a yak\u0131n stratejik bir konumda, grubun lojistik ve \u00fcretim kabiliyetlerini art\u0131racak \u00f6nemli bir yat\u0131r\u0131m yap\u0131lmaktad\u0131r.<\/p>\n<ul>\n<li><b>Konum ve Alan:<\/b> Gebze, Tav\u015fanl\u0131 Mahallesi&#8217;nde 9.411,47 m\u00b2&#8217;lik arazi \u00fczerinde.<\/li>\n<li><b>Yat\u0131r\u0131m Durumu:<\/b> Duran varl\u0131k yat\u0131r\u0131m\u0131n\u0131n tamamlanma oran\u0131 %80&#8217;dir. \u0130n\u015faat \u00e7al\u0131\u015fmalar\u0131 2023&#8217;te ba\u015flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Kapasite ve \u00dcr\u00fcnler:<\/b> Y\u0131ll\u0131k <b>10.000 ton<\/b> kapasite ile kozmetik ve deterjan sekt\u00f6rlerine y\u00f6nelik ham maddeler (Koko Dietanol Amin, Betain, Esterquat vb.) \u00fcretilecektir. Bu yat\u0131r\u0131m\u0131n maliyeti 4.015 milyon USD olup, geri d\u00f6n\u00fc\u015f s\u00fcresi 7 y\u0131l olarak \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<\/ul>\n<h4>c. Ar-Ge ve \u0130novasyon Faaliyetleri<\/h4>\n<p>Mercan Kimya, sekt\u00f6r\u00fcndeki ilk ve tek Ar-Ge merkeziyle katma de\u011ferli \u00fcr\u00fcnler geli\u015ftirmeye odaklanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Ar-Ge Gideri:<\/b> 2025&#8217;in ilk 9 ay\u0131nda <b>16.045.539 TL<\/b>&#8216;lik ara\u015ft\u0131rma ve geli\u015ftirme harcamas\u0131 yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Proje Say\u0131s\u0131:<\/b> 2018&#8217;den bu yana 35 Ar-Ge projesi y\u00fcr\u00fct\u00fclm\u00fc\u015f, bunlar\u0131n 26&#8217;s\u0131 tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Nanoteknoloji Ba\u015far\u0131lar\u0131:<\/b>\n<ul>\n<li>Em\u00fclsiyonlar\u0131n par\u00e7ac\u0131k boyutu nano \u00f6l\u00e7e\u011fe indirilmi\u015ftir.<\/li>\n<li>Parafin em\u00fclsiyonlar\u0131nda aktif madde i\u00e7eri\u011fi %50 azalt\u0131larak \u00fcr\u00fcn bazl\u0131 karbon ayak izi d\u00fc\u015f\u00fcr\u00fclm\u00fc\u015ft\u00fcr.<\/li>\n<li>Nano em\u00fclsiyonlar, m\u00fc\u015fterilerin maliyetlerinde <b>%60&#8217;a varan avantaj<\/b> sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>4. Grup Yap\u0131s\u0131: Ba\u011fl\u0131 Ortakl\u0131klar ve \u0130\u015ftirakler<\/h2>\n<p>Mercan Kimya, b\u00fcy\u00fcme stratejisini d\u00f6rt ba\u011fl\u0131 ortakl\u0131k ve bir i\u015ftirak \u00fczerinden y\u00fcr\u00fctmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u015eirket Ad\u0131<\/td>\n<td>Sermayedeki Pay (%)<\/td>\n<td>Faaliyet Alan\u0131 ve \u00d6ne \u00c7\u0131kanlar<\/td>\n<\/tr>\n<tr>\n<td><b>Rowax Global SRL<\/b><\/td>\n<td>%100<\/td>\n<td>Romanya&#8217;da 40.000 ton\/y\u0131l kapasiteli parafin ve em\u00fclsiyon \u00fcretimi. Grubun 40 MW&#8217;l\u0131k GES yat\u0131r\u0131m \u00fcss\u00fc.<\/td>\n<\/tr>\n<tr>\n<td><b>Dermokim Kimya<\/b><\/td>\n<td>%100<\/td>\n<td>Grubun ihracat operasyonlar\u0131n\u0131 y\u00f6netir. 5 k\u0131tada 85 \u00fclkeye sat\u0131\u015f yapar, 20&#8217;den fazla sekt\u00f6re ham madde tedarik eder.<\/td>\n<\/tr>\n<tr>\n<td><b>Cosmer Kimya<\/b><\/td>\n<td>%100<\/td>\n<td>Kozmetik, deterjan ve end\u00fcstriyel \u00fcr\u00fcn ham maddeleri ticareti. 2025\/9 cirosu <b>925 milyon TL<\/b>. SPK&#8217;dan halka arz i\u00e7in onay alm\u0131\u015ft\u0131r.<\/td>\n<\/tr>\n<tr>\n<td><b>Fevup Brands<\/b><\/td>\n<td>%51<\/td>\n<td>K\u00fcresel e-ticaret odakl\u0131 yat\u0131r\u0131m \u015firketi. ABD, \u0130ngiltere, Almanya pazarlar\u0131nda faaliyet g\u00f6sterir. <b>1,2 milyon USD<\/b> yat\u0131r\u0131m yap\u0131lm\u0131\u015ft\u0131r.<\/td>\n<\/tr>\n<tr>\n<td><b>Theca Ambalaj<\/b><\/td>\n<td>%30 (\u0130\u015ftirak)<\/td>\n<td>S\u00fcrd\u00fcr\u00fclebilir, sel\u00fcloz bazl\u0131, kompost olabilen ambalaj \u00fcretimi. Karbon ayak izini azaltan yeni nesil \u00fcr\u00fcnler geli\u015ftirir.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>5. Kurumsal Y\u00f6netim ve Yap\u0131lanma<\/h2>\n<ul>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b> \u015eirket sermayesinin <b>%60,96&#8217;s\u0131 SALGAR Ailesi&#8217;ne<\/b>, <b>%39,04&#8217;\u00fc ise halka a\u00e7\u0131k<\/b> k\u0131sma aittir.<\/li>\n<li><b>Sermaye:<\/b> \u015eirketin kay\u0131tl\u0131 sermaye tavan\u0131 1.000.000.000 TL, \u00f6denmi\u015f sermayesi ise 190.370.946 TL&#8217;dir.<\/li>\n<li><b>Pay Yap\u0131s\u0131:<\/b> Sermaye, imtiyazl\u0131 (A Grubu) ve imtiyazs\u0131z (B Grubu) paylardan olu\u015fmaktad\u0131r.\n<ul>\n<li><b>A Grubu (Nama):<\/b> 36.000.000 adet. Y\u00f6netim kuruluna aday g\u00f6sterme ve genel kurulda her pay i\u00e7in 5 oy hakk\u0131 imtiyaz\u0131na sahiptir.<\/li>\n<li><b>B Grubu (Hamiline):<\/b> 154.370.946 adet. \u0130mtiyaz\u0131 yoktur.<\/li>\n<\/ul>\n<\/li>\n<li><b>Y\u00f6netim Kurulu:<\/b> G\u00fcltekin Okay Salgar (Ba\u015fkan), Berkin Salgar (Ba\u015fkan Yrd.), Sinan Salgar, Orhun Kutevu ile ba\u011f\u0131ms\u0131z \u00fcyeler B\u00fclent Uygun ve S\u00f6zer \u015eim\u015fek&#8217;ten olu\u015fmaktad\u0131r.<\/li>\n<li><b>Komiteler:<\/b> Kurumsal y\u00f6netim ilkelerine uyum kapsam\u0131nda Denetimden Sorumlu Komite, Riskin Erken Saptanmas\u0131 Komitesi, Kurumsal Y\u00f6netim Komitesi ve S\u00fcrd\u00fcr\u00fclebilirlik Komitesi aktif olarak faaliyet g\u00f6stermektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"579\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Sunulan belgeler, **Mercan Kimya Sanayi ve Ticaret A.\u015e.** \u015firketinin 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131na ait **konsolide finansal raporlar\u0131n\u0131** ve detayl\u0131 bilan\u00e7o verilerini i\u00e7ermektedir. Kaynaklar, firman\u0131n **\u00f6zkaynak de\u011fi\u015fimlerini**, nakit ak\u0131\u015f tablolar\u0131n\u0131 ve parafin \u00fcretimi gibi temel faaliyet alanlar\u0131n\u0131 kapsaml\u0131 bir \u015fekilde \u00f6zetlemektedir. Metinde, y\u00fcksek enflasyonun finansal tablolar \u00fczerindeki etkilerini ar\u0131nd\u0131rmak amac\u0131yla uygulanan **muhasebe d\u00fczeltmeleri** ve g\u00fcncel endeksleme y\u00f6ntemleri a\u00e7\u0131klanmaktad\u0131r. \u015eirketin i\u015ftirak yap\u0131s\u0131, **gayrimenkul yat\u0131r\u0131mlar\u0131** ve bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fckleri gibi operasyonel s\u00fcre\u00e7lerine dair say\u0131sal veriler kar\u015f\u0131la\u015ft\u0131rmal\u0131 olarak sunulmaktad\u0131r. Ayr\u0131ca, yat\u0131r\u0131m faaliyetlerinden elde edilen gelirler ile **Ar-Ge ve pazarlama giderleri** gibi stratejik harcama kalemleri detayland\u0131r\u0131lmaktad\u0131r. Bu dok\u00fcmanlar, kurumun mali performans\u0131n\u0131 ve **finansal istikrar\u0131n\u0131** analiz etmek isteyen payda\u015flar i\u00e7in resmi bir veri taban\u0131 niteli\u011fi ta\u015f\u0131maktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[131],"class_list":["post-579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-mercn"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/579","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=579"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/579\/revisions"}],"predecessor-version":[{"id":626,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/579\/revisions\/626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/625"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}