{"id":587,"date":"2025-12-26T21:39:38","date_gmt":"2025-12-26T18:39:38","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=587"},"modified":"2025-12-26T22:28:24","modified_gmt":"2025-12-26T19:28:24","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-bydnr-baydoner-restoranlari-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/587","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #BYDNR | Bayd\u00f6ner Restoranlar\u0131 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #BYDNR | Bayd\u00f6ner Restoranlar\u0131 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/ZrW5yPWESnM?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>Bayd\u00f6ner&#8217;in Raporlar\u0131n\u0131 Okuduk: Bir D\u00f6ner Devi Hakk\u0131nda \u00d6\u011frendi\u011fimiz 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<p>Kurumsal finans raporlar\u0131, genellikle rakamlarla dolu, s\u0131k\u0131c\u0131 ve anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu belgelerin sat\u0131r aralar\u0131na dikkatle bak\u0131ld\u0131\u011f\u0131nda, bir markan\u0131n stratejisini, hedeflerini ve arkas\u0131ndaki insanlar\u0131n vizyonunu anlatan etkileyici hikayeler bulmak m\u00fcmk\u00fcnd\u00fcr. T\u00fcrkiye&#8217;nin en bilinen restoran zincirlerinden biri olan Bayd\u00f6ner&#8217;in son faaliyet raporlar\u0131n\u0131 inceledik ve bu rakamlar\u0131n ard\u0131ndaki stratejik hamleleri, b\u00fcy\u00fcme planlar\u0131n\u0131 ve \u015fa\u015f\u0131rt\u0131c\u0131 ger\u00e7ekleri sizler i\u00e7in derledik. \u0130\u015fte bir d\u00f6ner devi hakk\u0131nda \u00f6\u011frendi\u011fimiz 4 \u00f6nemli ger\u00e7ek.<\/p>\n<h3>1. Kurucular\u0131n Beklenmedik Yolculu\u011fu: Eczac\u0131l\u0131ktan D\u00f6ner \u0130mparatorlu\u011funa<\/h3>\n<p>Bayd\u00f6ner gibi b\u00fcy\u00fck bir markan\u0131n arkas\u0131nda genellikle gastronomi veya i\u015fletme k\u00f6kenli profesyonellerin oldu\u011funu d\u00fc\u015f\u00fcn\u00fcr\u00fcz. Ancak Bayd\u00f6ner&#8217;in kurucular\u0131 Levent Y\u0131lmaz ve Ferudun Tun\u00e7er&#8217;in \u00f6zge\u00e7mi\u015fleri, bu beklentinin olduk\u00e7a d\u0131\u015f\u0131nda bir tablo \u00e7iziyor.<\/p>\n<p>Y\u00f6netim Kurulu Ba\u015fkan\u0131 Levent Y\u0131lmaz, Ege \u00dcniversitesi Eczac\u0131l\u0131k Fak\u00fcltesi mezunu. Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131 Ferudun Tun\u00e7er ise F\u0131rat \u00dcniversitesi Veteriner Fak\u00fcltesi mezunu. Bu s\u0131ra d\u0131\u015f\u0131 altyap\u0131, asl\u0131nda Bayd\u00f6ner&#8217;in ba\u015far\u0131s\u0131n\u0131n ard\u0131ndaki temel disiplinleri a\u00e7\u0131kl\u0131yor. Levent Y\u0131lmaz\u2019\u0131n <b>eczac\u0131l\u0131k<\/b> ge\u00e7mi\u015fi; g\u0131da gibi hassas bir sekt\u00f6rde franchise \u00f6l\u00e7eklendirmenin temelini olu\u015fturan s\u00fcre\u00e7 kontrol\u00fc, standardizasyon, hijyen ve mevzuat uyumlulu\u011fu gibi konularda derin bir anlay\u0131\u015f getiriyor. Ferudun Tun\u00e7er&#8217;in <b>veteriner hekimlik<\/b> uzmanl\u0131\u011f\u0131 ise, ana \u00fcr\u00fcn\u00fc k\u0131rm\u0131z\u0131 et olan bir markaya hayvan sa\u011fl\u0131\u011f\u0131, et kalitesi ve tar\u0131msal tedarik zinciri konular\u0131nda do\u011frudan bir rekabet avantaj\u0131 sa\u011fl\u0131yor.<\/p>\n<p>\u0130kilinin 2007&#8217;de Bayd\u00f6ner&#8217;i kurmadan \u00f6nce enerji pazarlamas\u0131, uluslararas\u0131 gemi tedari\u011fi ve uluslararas\u0131 in\u015faat gibi sekt\u00f6rlerdeki ortak giri\u015fimleri ise onlara karma\u015f\u0131k lojistik, tedarik zinciri y\u00f6netimi ve b\u00fcy\u00fck \u00f6l\u00e7ekli proje y\u00fcr\u00fctme konular\u0131nda paha bi\u00e7ilmez bir deneyim kazand\u0131rd\u0131. Bu temel, geleneksel bir lezzeti modern ve \u00f6l\u00e7eklenebilir bir i\u015f modeline d\u00f6n\u00fc\u015ft\u00fcrmelerinin arkas\u0131ndaki stratejik disiplini a\u00e7\u0131kl\u0131yor.<\/p>\n<h3>2. 285 Milyon Liral\u0131k Stratejik Hamle: Kendi Et ve Tereya\u011f\u0131 Tesisini Kuruyorlar<\/h3>\n<p>Bir restoran zincirinin ba\u015far\u0131s\u0131ndaki en kritik fakt\u00f6rlerden biri, \u00fcr\u00fcn kalitesini ve standard\u0131n\u0131 her \u015fubede koruyabilmektir. Bayd\u00f6ner, bu kontrol\u00fc en \u00fcst seviyeye \u00e7\u0131karmak ve maliyet avantaj\u0131 sa\u011flamak i\u00e7in dev bir ad\u0131m at\u0131yor. \u015eirket, %100 ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan APZ G\u0131da arac\u0131l\u0131\u011f\u0131yla <b>\u0130zmir Kemalpa\u015fa<\/b>&#8216;da kendi k\u0131rm\u0131z\u0131 et i\u015fleme ve tereya\u011f\u0131 \u00fcretim tesisini kuruyor. Bu, strateji dilinde &#8220;<b>dikey entegrasyon<\/b>&#8221; olarak bilinen ve \u015firketi yaln\u0131zca bir restoran operat\u00f6r\u00fc olmaktan \u00e7\u0131kar\u0131p entegre bir g\u0131da \u00fcretim g\u00fcc\u00fcne d\u00f6n\u00fc\u015ft\u00fcren kritik bir hamledir.<\/p>\n<p>Bu yat\u0131r\u0131m i\u00e7in al\u0131nan te\u015fvik belgesinin toplam tutar\u0131 <b>285.310.221 TL<\/b>&#8216;ye y\u00fckseltilmi\u015f durumda. Bu hamlenin ard\u0131ndaki stratejik ama\u00e7, faaliyet raporunda olduk\u00e7a net bir \u015fekilde ifade ediliyor:<\/p>\n<p>&#8220;\u00dcretim s\u00fcre\u00e7lerimizi daha etkin bi\u00e7imde kontrol alt\u0131na alarak, maliyet y\u00f6netiminde verimlilik sa\u011flanmas\u0131 ve marka de\u011ferimizin art\u0131r\u0131lmas\u0131 hedeflenmektedir.&#8221;<\/p>\n<p>Bu yat\u0131r\u0131m, Bayd\u00f6ner i\u00e7in sadece bir tesis in\u015faat\u0131ndan \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor. Tedarik zincirini dikey olarak entegre etmek, \u015firkete hammadde kalitesi \u00fczerinde tam kontrol, maliyetlerde \u00f6ng\u00f6r\u00fclebilirlik ve uzun vadede s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme i\u00e7in sa\u011flam bir zemin sunuyor.<\/p>\n<h3>3. Tek Marka De\u011fil, \u00dc\u00e7 Farkl\u0131 Konsept: Bayd\u00f6ner, Bursa \u0130shakbey ve Pide by Pide<\/h3>\n<p>Bayd\u00f6ner&#8217;in ba\u015far\u0131s\u0131 sadece tek bir marka \u00fczerine kurulu de\u011fil. \u015eirket, pazar segmentasyonu yoluyla farkl\u0131 m\u00fc\u015fteri gruplar\u0131na ve t\u00fcketim al\u0131\u015fkanl\u0131klar\u0131na hitap eden ak\u0131ll\u0131ca tasarlanm\u0131\u015f \u00fc\u00e7 farkl\u0131 marka portf\u00f6y\u00fcne sahip: <b>Bayd\u00f6ner<\/b>, <b>Bursa \u0130shakbey<\/b> ve <b>Pide by Pide<\/b>.<\/p>\n<p>Her bir marka, pazarda farkl\u0131 bir pozisyon alarak \u015firketin eri\u015fimini maksimize ediyor:<\/p>\n<ul>\n<li><b>Bayd\u00f6ner:<\/b> Amiral gemisi, <i>tam hizmet sunan rahat restoran (casual dining)<\/i> konseptidir. Premium lokasyonlar\u0131 ve daha b\u00fct\u00fcnsel bir yeme-i\u00e7me deneyimi arayan m\u00fc\u015fterileri hedefler.<\/li>\n<li><b>Bursa \u0130shakbey:<\/b> Fiyat odakl\u0131 ve h\u0131zl\u0131 servis (QSR &#8211; Quick Service Restaurant) arayan, \u00f6zellikle AVM food court&#8217;lar\u0131ndaki yo\u011fun m\u00fc\u015fteri trafi\u011fini yakalamak i\u00e7in tasarlanm\u0131\u015f <i>h\u0131zl\u0131-g\u00fcndelik (fast-casual)<\/i> konseptidir.<\/li>\n<li><b>Pide by Pide:<\/b> \u015eirketin ana \u00fcr\u00fcn\u00fc olan \u0130skender&#8217;e ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltan ve farkl\u0131 bir damak tad\u0131 arayan t\u00fcketicileri yakalayan stratejik bir <i>\u00fcr\u00fcn \u00e7e\u015fitlendirmesi<\/i> hamlesidir.<\/li>\n<\/ul>\n<p>Bu \u00e7oklu marka stratejisi, \u015firketin farkl\u0131 pazar ni\u015flerine ayn\u0131 anda girmesine, AVM food-court&#8217;lar\u0131ndan cadde restoranlar\u0131na kadar geni\u015f bir alanda varl\u0131k g\u00f6stermesine ve pazar pay\u0131n\u0131 en \u00fcst d\u00fczeye \u00e7\u0131karmas\u0131na olanak tan\u0131yor.<\/p>\n<h3>4. \u00d6d\u00fcll\u00fc Marka ve Finansal Ger\u00e7eklik Paradoksu<\/h3>\n<p>Raporlar\u0131 incelerken kar\u015f\u0131m\u0131za \u00e7\u0131kan en ilgin\u00e7 tablolardan biri, markan\u0131n halk nezdindeki pop\u00fclaritesi ile son d\u00f6nem finansal performans\u0131 aras\u0131ndaki z\u0131tl\u0131kt\u0131.<\/p>\n<p>\u00d6ncelikle markan\u0131n g\u00fcc\u00fcne bakal\u0131m: Al\u0131\u015fveri\u015f Merkezleri ve Yat\u0131r\u0131mc\u0131lar\u0131 Derne\u011fi (AYD) taraf\u0131ndan 2024 y\u0131l\u0131nda d\u00fczenlenen ve yakla\u015f\u0131k 2.400 t\u00fcketicinin oylar\u0131yla belirlenen ara\u015ft\u0131rmada Bayd\u00f6ner, &#8220;Alakart Restoran&#8221; kategorisinde <b>birincilik \u00f6d\u00fcl\u00fcn\u00fc<\/b> kazanarak en be\u011fenilen marka se\u00e7ildi. Bu, markan\u0131n ne kadar g\u00fc\u00e7l\u00fc bir m\u00fc\u015fteri sadakatine sahip oldu\u011funun net bir g\u00f6stergesi.<\/p>\n<p>M\u00fc\u015fteri nezdindeki bu sars\u0131lmaz g\u00fc\u00e7, \u015firketin g\u00fcncel finansal tablosuna bakt\u0131\u011f\u0131m\u0131zda daha da anlam kazan\u0131yor. 2025&#8217;in ilk dokuz ayl\u0131k verilerine g\u00f6re, \u015firketin has\u0131lat\u0131 bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %2,6&#8217;l\u0131k bir d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015f ve \u015firket 135.2 milyon TL &#8220;Esas Faaliyet Zarar\u0131&#8221; kaydetmi\u015f. Ek olarak, <b>Br\u00fct K\u00e2r Marj\u0131<\/b>&#8216;n\u0131n da %14,9&#8217;dan %9,5&#8217;e gerilemesi, finansal bask\u0131n\u0131n artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<p>Ancak bu durumu bir ba\u015far\u0131s\u0131zl\u0131k olarak okumak yerine, bir paradoks olarak de\u011ferlendirmek daha do\u011fru. T\u00fcketiciler taraf\u0131ndan bu kadar sevilen ve tercih edilen bir markan\u0131n sahip oldu\u011fu bu itibar, finansal dalgalanmalar\u0131n ya\u015fand\u0131\u011f\u0131 veya yeni fabrika gibi b\u00fcy\u00fck yat\u0131r\u0131mlar\u0131n yap\u0131ld\u0131\u011f\u0131 d\u00f6nemlerde en b\u00fcy\u00fck g\u00fcvencedir. G\u00fc\u00e7l\u00fc marka sadakati, \u015firketin zorlu d\u00f6nemleri atlatmas\u0131 ve gelece\u011fe y\u00f6nelik att\u0131\u011f\u0131 ad\u0131mlar\u0131n meyvelerini toplamas\u0131 i\u00e7in en de\u011ferli \u00f6z sermayesi konumunda.<\/p>\n<h3>Sonu\u00e7<\/h3>\n<p>Bayd\u00f6ner&#8217;in raporlar\u0131, bize rakamlar\u0131n \u00f6tesinde bir strateji ve vizyon hikayesi anlatt\u0131. Eczac\u0131l\u0131k ve veterinerlik gibi farkl\u0131 disiplinlerden gelen kurucular\u0131n s\u0131ra d\u0131\u015f\u0131 vizyonu, kalite ve maliyet kontrol\u00fcn\u00fc g\u00fcvence alt\u0131na alan 285 milyon TL&#8217;lik cesur yat\u0131r\u0131m, pazar\u0131 farkl\u0131 segmentlere ay\u0131ran ak\u0131ll\u0131 marka portf\u00f6y\u00fc ve finansal zorluklar kar\u015f\u0131s\u0131nda en b\u00fcy\u00fck g\u00fc\u00e7 olan sars\u0131lmaz m\u00fc\u015fteri sadakati&#8230; T\u00fcm bunlar, Bayd\u00f6ner&#8217;in sadece bir d\u00f6ner zinciri olmad\u0131\u011f\u0131n\u0131, ayn\u0131 zamanda arkas\u0131nda ciddi bir stratejik planlama olan bir g\u0131da devi oldu\u011funu g\u00f6steriyor.<\/p>\n<p>Peki, t\u00fcm bu stratejik ad\u0131mlar, T\u00fcrkiye&#8217;deki yeme-i\u00e7me sekt\u00f6r\u00fcn\u00fcn gelece\u011fi hakk\u0131nda bize ne anlat\u0131yor?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Bayd\u00f6ner Restoranlar\u0131 A.\u015e. Faaliyet Raporu Brifingi (01.01.2025 \u2013 30.09.2025)<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, Bayd\u00f6ner Restoranlar\u0131 A.\u015e.&#8217;nin 1 Ocak 2025 ile 30 Eyl\u00fcl 2025 tarihleri aras\u0131ndaki dokuz ayl\u0131k faaliyet d\u00f6nemine ait temel bulgular\u0131 ve stratejik y\u00f6nelimleri \u00f6zetlemektedir. \u015eirket, bu d\u00f6nemde operasyonel ve finansal zorluklarla kar\u015f\u0131la\u015f\u0131rken, uzun vadeli b\u00fcy\u00fcme hedeflerine y\u00f6nelik \u00f6nemli stratejik yat\u0131r\u0131mlar\u0131na devam etmi\u015ftir.<\/p>\n<p>D\u00f6nemin \u00f6ne \u00e7\u0131kan finansal geli\u015fmesi, has\u0131lat\u0131n bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %2,6 oran\u0131nda azalarak 2,84 milyar TL&#8217;ye gerilemesi ve 118,1 milyon TL&#8217;lik esas faaliyet kar\u0131ndan 135,2 milyon TL&#8217;lik esas faaliyet zarar\u0131na ge\u00e7ilmesidir. Buna ra\u011fmen \u015firket, 373 milyon TL FAV\u00d6K ve %13,2 FAV\u00d6K marj\u0131 elde etmi\u015ftir.<\/p>\n<p>Operasyonel olarak, \u015firket restoran a\u011f\u0131n\u0131 geni\u015fletmeye devam etmi\u015f ve toplam restoran say\u0131s\u0131n\u0131 171&#8217;den 177&#8217;ye \u00e7\u0131karm\u0131\u015ft\u0131r. B\u00fcy\u00fcme hem \u015firket taraf\u0131ndan i\u015fletilen hem de franchise restoranlarda ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<p>Stratejik tarafta ise en kritik geli\u015fme, %100 i\u015ftiraki olan APZ G\u0131da arac\u0131l\u0131\u011f\u0131yla \u0130zmir Kemalpa\u015fa&#8217;da in\u015faat\u0131na ba\u015flanan k\u0131rm\u0131z\u0131 et i\u015fleme ve tereya\u011f\u0131 \u00fcretim tesisidir. Bu dikey entegrasyon hamlesi, \u00fcretim s\u00fcre\u00e7lerinde kontrol\u00fc art\u0131rmay\u0131, maliyet verimlili\u011fi sa\u011flamay\u0131 ve marka de\u011ferini y\u00fckseltmeyi hedeflemektedir. Bu yat\u0131r\u0131m i\u00e7in 285,3 milyon TL&#8217;lik te\u015fvik belgesi al\u0131nm\u0131\u015ft\u0131r. \u015eirketin kurumsal yap\u0131s\u0131, halka arz sonras\u0131 ana ortaklar\u0131n kontrol\u00fc korudu\u011fu istikrarl\u0131 bir ortakl\u0131k yap\u0131s\u0131yla devam etmektedir.<\/p>\n<h2>Kurumsal Yap\u0131 ve Y\u00f6netim<\/h2>\n<h3>Genel Bak\u0131\u015f<\/h3>\n<p>Bayd\u00f6ner Restoranlar\u0131 A.\u015e., merkezi \u0130zmir&#8217;de bulunan, &#8220;Bayd\u00f6ner&#8221;, &#8220;Bursa \u0130shakbey&#8221; ve &#8220;Pide by Pide&#8221; markalar\u0131 alt\u0131nda restoran i\u015fletmecili\u011fi yapan bir g\u0131da perakende \u015firketidir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kurumsal Bilgi<\/td>\n<td>Detay<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Unvan\u0131<\/b><\/td>\n<td>Bayd\u00f6ner Restoranlar\u0131 A.\u015e.<\/td>\n<\/tr>\n<tr>\n<td><b>Merkez Adresi<\/b><\/td>\n<td>Adalet Mah. Anadolu Cad. No:41 Megapol Tower Kat:20 Bayrakl\u0131-\u0130zmir<\/td>\n<\/tr>\n<tr>\n<td><b>Raporlama D\u00f6nemi<\/b><\/td>\n<td>01.01.2025 \u2013 30.09.2025<\/td>\n<\/tr>\n<tr>\n<td><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131<\/b><\/td>\n<td>112.500.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye<\/b><\/td>\n<td>84.000.000 TL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin 30 Eyl\u00fcl 2025 itibar\u0131yla \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 84.000.000 TL olup, halka arz sonras\u0131 ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir. (A) grubu paylar, y\u00f6netim kuruluna aday g\u00f6sterme ve her bir pay i\u00e7in 5 oy hakk\u0131 imtiyaz\u0131 tan\u0131maktad\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak Grubu<\/td>\n<td>Hisse Tutar\u0131 (TL)<\/td>\n<td>Hisse Oran\u0131 (%)<\/td>\n<td>Oy Hakk\u0131 Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Ferudun Tun\u00e7er<\/td>\n<td>33.000.000<\/td>\n<td>%39,3<\/td>\n<td>%44,64<\/td>\n<\/tr>\n<tr>\n<td>Levent Y\u0131lmaz<\/td>\n<td>33.000.000<\/td>\n<td>%39,3<\/td>\n<td>%44,64<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k<\/td>\n<td>18.000.000<\/td>\n<td>%21,4<\/td>\n<td>%10,72<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>84.000.000<\/b><\/td>\n<td><b>%100,0<\/b><\/td>\n<td><b>%100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Y\u00f6netim Kurulu ve Komiteler<\/h3>\n<p>\u015eirketin y\u00f6netimi, sekt\u00f6rde deneyimli bir y\u00f6netim kurulu taraf\u0131ndan y\u00fcr\u00fct\u00fclmektedir. Y\u00f6netim kuruluna ba\u011fl\u0131 olarak denetim, kurumsal y\u00f6netim, riskin erken saptanmas\u0131 ve s\u00fcrd\u00fcr\u00fclebilirlik alanlar\u0131nda komiteler faaliyet g\u00f6stermektedir.<\/p>\n<ul>\n<li><b>Y\u00f6netim Kurulu \u00dcyeleri:<\/b>\n<ul>\n<li>Levent Y\u0131lmaz (Y\u00f6netim Kurulu Ba\u015fkan\u0131)<\/li>\n<li>Ferudun Tun\u00e7er (Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131)<\/li>\n<li>B\u00fclent Polat (Y\u00f6netim Kurulu \u00dcyesi)<\/li>\n<li>Sinem Mu\u011fla (Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi)<\/li>\n<li>\u00dcmit Bing\u00f6l (Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi)<\/li>\n<\/ul>\n<\/li>\n<li><b>Y\u00f6netim Kurulu Komiteleri:<\/b>\n<ul>\n<li><b>Denetimden Sorumlu Komite:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 Sinem Mu\u011fla y\u00fcr\u00fctmektedir. 2025&#8217;in ilk dokuz ay\u0131nda d\u00f6rt kez toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 Sinem Mu\u011fla y\u00fcr\u00fctmektedir. 2025&#8217;in ilk dokuz ay\u0131nda d\u00f6rt kez toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 Sinem Mu\u011fla y\u00fcr\u00fctmektedir. 2025&#8217;in ilk dokuz ay\u0131nda d\u00f6rt kez toplanm\u0131\u015ft\u0131r.<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik Komitesi:<\/b> Ba\u015fkanl\u0131\u011f\u0131n\u0131 \u00c7elik Ba\u015fdemir y\u00fcr\u00fctmektedir. 2025&#8217;in ilk dokuz ay\u0131nda hen\u00fcz toplant\u0131 yapmam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Vizyon, Misyon ve De\u011ferler<\/h3>\n<ul>\n<li><b>Vizyonumuz:<\/b> \u0130novatif ve en iyilerin \u00e7al\u0131\u015fmak istedi\u011fi markalara sahip olmak.<\/li>\n<li><b>Misyonumuz:<\/b> Yenilik\u00e7i ve g\u00fc\u00e7l\u00fc fikirlerle m\u00fc\u015fterilerimizin kendilerini \u00f6zel hissetmelerini sa\u011flamak, i\u015f arkada\u015flar\u0131m\u0131z\u0131n eme\u011fine de\u011fer vermek.<\/li>\n<li><b>De\u011ferlerimiz:<\/b> F\u0131rsat e\u015fitli\u011fi ve adalet, m\u00fc\u015fteri memnuniyeti ve kalite odakl\u0131l\u0131k, yenilik\u00e7ilik, kar\u015f\u0131l\u0131kl\u0131 g\u00fcven ve insana sayg\u0131.<\/li>\n<\/ul>\n<h2>Operasyonel Faaliyetler ve Markalar<\/h2>\n<h3>Restoran A\u011f\u0131<\/h3>\n<p>\u015eirket, 30 Eyl\u00fcl 2025 itibar\u0131yla toplam 177 restorana sahiptir. Bu, 31 Aral\u0131k 2024&#8217;teki 171 restorana k\u0131yasla net 6 restoranl\u0131k bir art\u0131\u015f\u0131 temsil etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Restoran T\u00fcr\u00fc<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>\u015eirket Taraf\u0131ndan \u0130\u015fletilen<\/b><\/td>\n<td><b>130<\/b><\/td>\n<td><b>125<\/b><\/td>\n<\/tr>\n<tr>\n<td>Bayd\u00f6ner<\/td>\n<td>84<\/td>\n<td>87<\/td>\n<\/tr>\n<tr>\n<td>Bursa \u0130shakbey<\/td>\n<td>33<\/td>\n<td>23<\/td>\n<\/tr>\n<tr>\n<td>Pide By Pide<\/td>\n<td>13<\/td>\n<td>15<\/td>\n<\/tr>\n<tr>\n<td><b>Franchise Taraf\u0131ndan \u0130\u015fletilen<\/b><\/td>\n<td><b>47<\/b><\/td>\n<td><b>46<\/b><\/td>\n<\/tr>\n<tr>\n<td>Bayd\u00f6ner<\/td>\n<td>34<\/td>\n<td>33<\/td>\n<\/tr>\n<tr>\n<td>Bursa \u0130shakbey<\/td>\n<td>2<\/td>\n<td>2<\/td>\n<\/tr>\n<tr>\n<td>Pide By Pide<\/td>\n<td>11<\/td>\n<td>11<\/td>\n<\/tr>\n<tr>\n<td><b>Genel Toplam<\/b><\/td>\n<td><b>177<\/b><\/td>\n<td><b>171<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Marka Konseptleri<\/h3>\n<ul>\n<li><b>Bayd\u00f6ner:<\/b> \u0130skender \u00fcr\u00fcn\u00fcn\u00fc y\u00fcksek kalite, standart ve h\u0131zl\u0131 hizmet anlay\u0131\u015f\u0131yla AVM&#8217;lerde ve caddelerde, \u015f\u0131k restoran konseptinde sunar. Hizmet modelleri aras\u0131nda masaya servis, gel-al ve paket servis bulunur.<\/li>\n<li><b>Bursa \u0130shakbey:<\/b> \u0130skender \u00fcr\u00fcn\u00fcn\u00fc y\u00fcksek kalite, standart ve h\u0131zl\u0131 hizmet anlay\u0131\u015f\u0131yla uygun fiyata, AVM&#8217;lerde h\u0131zl\u0131 servis restoran konseptiyle sunar. Hizmet modelleri self servis, gel-al ve paket servistir.<\/li>\n<li><b>Pide by Pide:<\/b> Geleneksel pide \u00fcr\u00fcn\u00fcn\u00fc kaliteli, standart ve h\u0131zl\u0131 servis ile AVM ve caddelerde, h\u0131zl\u0131 servis konseptiyle sunar. Hizmet modelleri self servis, gel-al ve paket servistir.<\/li>\n<\/ul>\n<h3>\u00d6d\u00fcller ve Tan\u0131n\u0131rl\u0131k<\/h3>\n<p>\u015eirket, 2024 y\u0131l\u0131nda Al\u0131\u015fveri\u015f Merkezleri ve Yat\u0131r\u0131mc\u0131lar\u0131 Derne\u011fi (AYD) taraf\u0131ndan d\u00fczenlenen &#8220;En Be\u011fenilen ve Tercih Edilen Perakende Markalar\u0131&#8221; ara\u015ft\u0131rmas\u0131nda, t\u00fcketici oylar\u0131yla &#8220;Alakart Restoran&#8221; kategorisinde birincilik \u00f6d\u00fcl\u00fc kazanm\u0131\u015ft\u0131r.<\/p>\n<h3>\u0130nsan Kaynaklar\u0131<\/h3>\n<ul>\n<li><b>Personel Say\u0131s\u0131:<\/b> 01.01.2025 \u2013 30.09.2025 d\u00f6neminde ortalama personel say\u0131s\u0131 1.590 ki\u015fidir.<\/li>\n<li><b>Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 30.09.2025 itibar\u0131yla 32.844.511 TL k\u0131dem tazminat\u0131 y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmaktad\u0131r.<\/li>\n<li><b>\u00dcst D\u00fczey Y\u00f6netici \u00dccretleri:<\/b> Ayn\u0131 tarih itibar\u0131yla Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netime sa\u011flanan mali menfaatlerin br\u00fct toplam\u0131 86.695.979 TL&#8217;dir.<\/li>\n<\/ul>\n<h2>Stratejik Yat\u0131r\u0131mlar ve \u0130\u015ftirakler<\/h2>\n<h3>Dikey Entegrasyon Stratejisi: APZ G\u0131da \u00dcretim Tesisi<\/h3>\n<p>\u015eirket, dikey entegrasyon stratejisi kapsam\u0131nda en \u00f6nemli ad\u0131mlar\u0131ndan birini atmaktad\u0131r. %100 ba\u011fl\u0131 ortakl\u0131\u011f\u0131 olan APZ G\u0131da A.\u015e. arac\u0131l\u0131\u011f\u0131yla \u0130zmir Kemalpa\u015fa&#8217;da bir k\u0131rm\u0131z\u0131 et i\u015fleme ve tereya\u011f\u0131 \u00fcretim tesisi kurmaktad\u0131r.<\/p>\n<ul>\n<li><b>Ama\u00e7:<\/b> \u00dcretim s\u00fcre\u00e7lerini daha etkin kontrol alt\u0131na almak, maliyet y\u00f6netiminde verimlilik sa\u011flamak ve marka de\u011ferini art\u0131rmak.<\/li>\n<li><b>Tesis Detaylar\u0131:<\/b> 10.710,4 m\u00b2 arsa \u00fczerine toplam 7.772 m\u00b2&#8217;lik yap\u0131 in\u015fa edilecektir.<\/li>\n<li><b>S\u00fcre\u00e7:<\/b> \u0130n\u015faat ruhsat\u0131 01.11.2024&#8217;te al\u0131nm\u0131\u015f, in\u015faat s\u00fcreci 11.02.2025&#8217;te temel atma t\u00f6reniyle ba\u015flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Yat\u0131r\u0131m Te\u015fviki:<\/b> Projeye ili\u015fkin yat\u0131r\u0131m te\u015fvik belgesinin toplam finansman tutar\u0131 285.310.221 TL&#8217;ye y\u00fckseltilmi\u015ftir. Bu belge kapsam\u0131nda SGK Primi \u0130\u015fveren Deste\u011fi, KDV istisnas\u0131 ve Kurumlar Vergisi indiriminden faydalan\u0131lmaktad\u0131r.<\/li>\n<\/ul>\n<h3>Yat\u0131r\u0131m Harcamalar\u0131 ve Ba\u011fl\u0131 Ortakl\u0131klar<\/h3>\n<ul>\n<li><b>Yat\u0131r\u0131m Harcamalar\u0131:<\/b> \u015eirketin 01.01.2025 \u2013 30.09.2025 d\u00f6nemindeki toplam yat\u0131r\u0131m harcamas\u0131 144.105.520 TL&#8217;dir.<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131klar:<\/b>\n<ul>\n<li><b>APK G\u0131da Sanayi ve Ticaret A.\u015e. (%100):<\/b> Bayd\u00f6ner markas\u0131 alt\u0131nda 3 adet restoran i\u015fletmektedir.<\/li>\n<li><b>APZ G\u0131da A.\u015e. (%100):<\/b> Et d\u00f6ner ve tereya\u011f\u0131 \u00fcretimi tesisi yat\u0131r\u0131m\u0131n\u0131 ger\u00e7ekle\u015ftirmektedir.<\/li>\n<li><b>Apaz G\u0131da (Irak):<\/b> Tasfiye s\u00fcreci devam etmektedir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Finansal Durum ve Performans Analizi (01.01.2025 &#8211; 30.09.2025)<\/h2>\n<h3>\u00d6zet Kar veya Zarar Tablosu<\/h3>\n<p>\u015eirketin ilk dokuz ayl\u0131k finansal performans\u0131, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re has\u0131latta hafif bir d\u00fc\u015f\u00fc\u015f ve karl\u0131l\u0131kta belirgin bir gerileme g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak \u2013 30 Eyl\u00fcl 2024<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>2.839.705.162<\/td>\n<td>2.914.301.978<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet Kar\u0131\/ (Zarar\u0131)<\/b><\/td>\n<td>(135.231.092)<\/td>\n<td>118.130.379<\/td>\n<\/tr>\n<tr>\n<td><b>Vergi \u00d6ncesi Kar \/ (Zarar)<\/b><\/td>\n<td>(146.473.184)<\/td>\n<td>44.747.117<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Kar\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td>(82.690.719)<\/td>\n<td>(51.193.572)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>\u00d6zet Bilan\u00e7o Analizi<\/h3>\n<p>\u015eirketin varl\u0131k ve kaynak yap\u0131s\u0131nda 2024 y\u0131l sonuna g\u00f6re de\u011fi\u015fiklikler g\u00f6zlemlenmi\u015ftir. \u00d6zellikle d\u00f6nen varl\u0131klardaki ve nakit benzerlerindeki azal\u0131\u015f dikkat \u00e7ekmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>625.520.838<\/td>\n<td>1.098.554.057<\/td>\n<\/tr>\n<tr>\n<td><i>Nakit ve Nakit Benzerleri<\/i><\/td>\n<td><i>237.547.524<\/i><\/td>\n<td><i>553.736.855<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>2.247.630.571<\/td>\n<td>2.162.934.524<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>2.873.151.409<\/td>\n<td>3.261.488.581<\/td>\n<\/tr>\n<tr>\n<td><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>876.740.165<\/td>\n<td>940.146.630<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>560.460.479<\/td>\n<td>761.891.777<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>1.435.950.765<\/td>\n<td>1.559.450.174<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td>2.873.151.409<\/td>\n<td>3.261.488.581<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Bor\u00e7luluk Durumu ve \u00d6nemli Rasyolar<\/h3>\n<p>30.09.2025 itibar\u0131yla \u015firketin net finansal borcu -97.381.074 TL olup, bu durum banka kredilerinden daha fazla nakit ve nakit benzeri varl\u0131\u011fa sahip oldu\u011funu g\u00f6stermektedir. Finansal rasyolar, likidite ve karl\u0131l\u0131kta bir \u00f6nceki y\u0131l sonuna g\u00f6re zay\u0131flamaya i\u015faret etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Rasyo<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<td>A\u00e7\u0131klama<\/td>\n<\/tr>\n<tr>\n<td><b>Cari Oran<\/b><\/td>\n<td>0,71<\/td>\n<td>1,17<\/td>\n<td>D\u00f6nen Varl\u0131klar \/ K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar Marj\u0131<\/b><\/td>\n<td>9,5%<\/td>\n<td>14,9%<\/td>\n<td>Br\u00fct Kar \/ Ciro<\/td>\n<\/tr>\n<tr>\n<td><b>FAV\u00d6K (EBITDA) Marj\u0131<\/b><\/td>\n<td>13,2%<\/td>\n<td>13,9%<\/td>\n<td>EBITDA \/ Ciro<\/td>\n<\/tr>\n<tr>\n<td><b>Finansal Kald\u0131ra\u00e7<\/b><\/td>\n<td>0,50<\/td>\n<td>0,52<\/td>\n<td>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler \/ Toplam Varl\u0131klar<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar\/T. Varl\u0131klar<\/b><\/td>\n<td>0,50<\/td>\n<td>0,48<\/td>\n<td>\u00d6zkaynaklar \/ Toplam Varl\u0131klar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Di\u011fer Hususlar<\/h2>\n<ul>\n<li><b>Tarihsel Geli\u015fim:<\/b> \u015eirketin k\u00f6kleri 2007&#8217;de ilk Bayd\u00f6ner restoran\u0131n\u0131n a\u00e7\u0131l\u0131\u015f\u0131na dayanmaktad\u0131r. 2016&#8217;da Pide by Pide, 2018&#8217;de ise Bursa \u0130shakbey markalar\u0131 faaliyete ge\u00e7mi\u015ftir. \u015eirket, tarihi boyunca \u00e7ok say\u0131da ulusal ve uluslararas\u0131 \u00f6d\u00fcl kazanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Temett\u00fc Uygulamas\u0131:<\/b> \u015eirket, 2024 y\u0131l\u0131 kar\u0131na ili\u015fkin olarak 2025 y\u0131l\u0131nda da\u011f\u0131t\u0131m karar\u0131 alm\u0131\u015ft\u0131r. Bu kapsamda, br\u00fct 59.893.048 TL nakit kar pay\u0131 da\u011f\u0131t\u0131m\u0131 08.05.2025 tarihli genel kurulda onaylanm\u0131\u015f ve \u00f6deme 16.05.2025 tarihinde ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<li><b>Ar-Ge Faaliyetleri:<\/b> Raporlama d\u00f6neminde \u015firketin Ar-Ge faaliyeti bulunmamaktad\u0131r.<\/li>\n<li><b>\u00d6nemli Geli\u015fmeler:<\/b> Raporlama d\u00f6neminden sonra ger\u00e7ekle\u015fen \u00f6nemli bir geli\u015fme, \u015firket aleyhine a\u00e7\u0131lm\u0131\u015f \u00f6nemli bir dava veya faaliyetleri etkileyecek mevzuat de\u011fi\u015fikli\u011fi bulunmamaktad\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"587\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Sunulan belgeler, **Bayd\u00f6ner Restoranlar\u0131 A.\u015e.** ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n **1 Ocak &#8211; 30 Eyl\u00fcl 2025** d\u00f6nemine ait **\u00f6zet konsolide finansal raporlar\u0131n\u0131** i\u00e7ermektedir. Kaynaklarda \u015firketin **bilan\u00e7osu, gelir tablosu, nakit ak\u0131\u015flar\u0131** ve \u00f6zkaynak de\u011fi\u015fimlerine dair detayl\u0131 say\u0131sal veriler yer almaktad\u0131r. Metin, grubun **h\u0131zl\u0131 t\u00fcketim restoran sekt\u00f6r\u00fcndeki** faaliyetlerini, \u015fube say\u0131lar\u0131n\u0131 ve i\u015ftirak yap\u0131s\u0131n\u0131 a\u00e7\u0131klayarak kurumsal bir genel bak\u0131\u015f sunmaktad\u0131r. Ayr\u0131ca, **enflasyon muhasebesi** uygulamalar\u0131, vergi y\u00fck\u00fcml\u00fcl\u00fckleri ve **finansal bor\u00e7lanmalar** gibi kritik muhasebe notlar\u0131 teknik detaylar\u0131yla payla\u015f\u0131lmaktad\u0131r. Raporun genel amac\u0131, i\u015fletmenin **mali performans\u0131n\u0131** ve ekonomik durumunu payda\u015flara \u015feffaf bir \u015fekilde aktarmakt\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[134],"class_list":["post-587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-bydnr"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/587","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=587"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/587\/revisions"}],"predecessor-version":[{"id":610,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/587\/revisions\/610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/609"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}