{"id":599,"date":"2025-12-26T21:58:40","date_gmt":"2025-12-26T18:58:40","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=599"},"modified":"2025-12-26T22:29:28","modified_gmt":"2025-12-26T19:29:28","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-suntk-sun-tekstil-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/599","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #SUNTK | Sun Tekstil Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #SUNTK | Sun Tekstil Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/z69dJkzm39E?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>Rakamlar\u0131n \u00d6tesi: Bir Tekstil Devinin Finansal Raporlar\u0131ndan \u00c7\u0131kar\u0131lacak 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ders<\/h1>\n<h3>Giri\u015f: Kuru Rakamlar\u0131n Canl\u0131 Hikayesi<\/h3>\n<p>Kurumsal faaliyet raporlar\u0131, genellikle karma\u015f\u0131k tablolar, dipnotlar ve finansal jargonla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Pek \u00e7ok ki\u015fi i\u00e7in bu raporlar, incelenmesi gereken s\u0131k\u0131c\u0131 bir zorunluluktan ibarettir. Ancak bu kuru rakamlar\u0131n arkas\u0131nda, do\u011fru bir g\u00f6zle bak\u0131ld\u0131\u011f\u0131nda bir \u015firketin stratejisini, dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131, risklerini ve gelece\u011fe y\u00f6nelik vizyonunu anlatan canl\u0131 hikayeler gizlidir. Bu belgeler, bir organizasyonun f\u0131rt\u0131nal\u0131 denizlerde nas\u0131l yol ald\u0131\u011f\u0131n\u0131 ve gelece\u011fe nas\u0131l haz\u0131rland\u0131\u011f\u0131n\u0131 g\u00f6steren birer yol haritas\u0131d\u0131r.<\/p>\n<p>Bu yaz\u0131da, T\u00fcrkiye&#8217;nin \u00f6nde gelen tekstil \u015firketlerinden Sun Tekstil&#8217;in son d\u00f6nem faaliyet raporunu bir vaka analizi olarak ele alaca\u011f\u0131z. Sekt\u00f6rdeki genel daralmaya ra\u011fmen \u015firketin finansal verilerinde sakl\u0131 olan ve ilk bak\u0131\u015fta g\u00f6zden ka\u00e7abilecek en \u015fa\u015f\u0131rt\u0131c\u0131 ve ilham verici d\u00f6rt dersi g\u00fcn y\u00fcz\u00fcne \u00e7\u0131karaca\u011f\u0131z.<\/p>\n<h3>1. Sekt\u00f6r Daral\u0131rken K\u00e2r Marj\u0131 Nas\u0131l Artar?<\/h3>\n<p>Genel ekonomik tablo her zaman bireysel ba\u015far\u0131y\u0131 belirlemez. T\u00fcrkiye \u0130hracat\u00e7\u0131lar Meclisi verilerine g\u00f6re (Kaynak: Sun Tekstil 30.09.2025 Faaliyet Raporu, Sayfa 8), 2025&#8217;in ilk dokuz ay\u0131nda \u00fclkenin haz\u0131r giyim ve konfeksiyon ihracat\u0131 bir \u00f6nceki y\u0131la k\u0131yasla %6,5 oran\u0131nda azald\u0131. Bu genel daralmaya paralel olarak Sun Tekstil&#8217;in net has\u0131lat\u0131 da ayn\u0131 d\u00f6nemde %19 oran\u0131nda d\u00fc\u015ft\u00fc.<\/p>\n<p>\u0130lk bak\u0131\u015fta olumsuz g\u00f6r\u00fcnen bu tabloya ra\u011fmen, as\u0131l \u015fa\u015f\u0131rt\u0131c\u0131 olan detay br\u00fct k\u00e2r marj\u0131nda gizli. \u015eirketin br\u00fct k\u00e2r marj\u0131, piyasadaki bu zorlu ko\u015fullara ra\u011fmen %20&#8217;den %21&#8217;e y\u00fckseldi. Bu, sat\u0131\u015f hacmi d\u00fc\u015ferken bile birim ba\u015f\u0131na daha fazla k\u00e2r elde edildi\u011fi anlam\u0131na gelir.<\/p>\n<p>Bu k\u00e2r marj\u0131 art\u0131\u015f\u0131n\u0131, \u015firketin 3. b\u00f6l\u00fcmde inceledi\u011fimiz teknoloji ve Ar-Ge yat\u0131r\u0131mlar\u0131ndan ba\u011f\u0131ms\u0131z d\u00fc\u015f\u00fcnmek zordur. Myth AI ve Refabric gibi &#8220;\u00fcretken yapay zeka&#8221; platformlar\u0131na yap\u0131lan yat\u0131r\u0131mlar, daha yenilik\u00e7i ve y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlerin daha verimli bir \u015fekilde tasarlanmas\u0131n\u0131 sa\u011fl\u0131yor olabilir. Bu durum, sat\u0131\u015f adedi d\u00fc\u015fse bile birim ba\u015f\u0131na k\u00e2rl\u0131l\u0131\u011f\u0131n artmas\u0131n\u0131n ard\u0131ndaki stratejik motor olabilir. Bu ba\u015far\u0131, zorlu piyasa ko\u015fullar\u0131nda bile do\u011fru stratejilerin nas\u0131l bir fark yaratabilece\u011finin alt\u0131n\u0131 \u00e7iziyor.<\/p>\n<h3>2. F\u0131rt\u0131nada S\u0131\u011f\u0131nak De\u011fil, Gemi \u0130n\u015fa Etmek<\/h3>\n<p>Kriz ve belirsizlik d\u00f6nemlerinde \u00e7o\u011fu \u015firket savunmaya \u00e7ekilir, yat\u0131r\u0131mlar\u0131n\u0131 k\u0131sar ve k\u00fc\u00e7\u00fclme yoluna gider. Sun Tekstil ise raporunda tam tersi bir strateji izledi\u011fini g\u00f6steriyor. \u015eirket, piyasadaki daralmaya ra\u011fmen gelece\u011fe cesur bir ad\u0131m atarak 2025&#8217;in ilk dokuz ay\u0131nda toplam 811.235.007 TL&#8217;lik yat\u0131r\u0131m yapm\u0131\u015f.<\/p>\n<p>Bu yat\u0131r\u0131m\u0131n en b\u00fcy\u00fck kalemi 572.689.470 TL ile gelece\u011fe d\u00f6n\u00fck &#8220;Yap\u0131lmakta Olan Yat\u0131r\u0131mlar&#8221; olsa da, harcaman\u0131n boyutunu &#8220;Geli\u015ftirme Maliyetleri&#8221; (111.784.825 TL) ve &#8220;Makine, Tesis ve Cihazlar&#8221; (74.149.713 TL) gibi kalemler daha da netle\u015ftiriyor. Bu, \u015firketin mevcut durumu idare etmekle kalmay\u0131p, gelecekteki b\u00fcy\u00fcme ve toparlanma d\u00f6nemleri i\u00e7in aktif olarak kapasitesini ve altyap\u0131s\u0131n\u0131 g\u00fc\u00e7lendirdi\u011fini g\u00f6steriyor.<\/p>\n<p>Piyasa daral\u0131rken yap\u0131lan 811 milyon TL&#8217;lik bu cesur yat\u0131r\u0131m, \u015firketin en b\u00fcy\u00fck 10 m\u00fc\u015fterisinin sat\u0131\u015flar\u0131n %85&#8217;ini olu\u015fturmas\u0131 ger\u00e7e\u011fiyle daha da anlam kazan\u0131yor. Bu denli g\u00fc\u00e7l\u00fc ve yerle\u015fik i\u015f ortakl\u0131klar\u0131, gelece\u011fe y\u00f6nelik talep konusunda \u015firkete bir \u00f6ng\u00f6r\u00fclebilirlik ve g\u00fcvence sa\u011flayarak, kriz an\u0131nda dahi b\u00fcy\u00fcme odakl\u0131 yat\u0131r\u0131m yapma cesareti veriyor. F\u0131rt\u0131nada bir s\u0131\u011f\u0131nak aramak yerine, gelece\u011fin daha sakin sular\u0131 i\u00e7in daha g\u00fc\u00e7l\u00fc bir gemi in\u015fa etme yakla\u015f\u0131m\u0131, \u015firketin kendine ve sekt\u00f6r\u00fcn gelece\u011fine olan sars\u0131lmaz g\u00fcveninin en g\u00fc\u00e7l\u00fc i\u015faretlerinden biri.<\/p>\n<h3>3. Kuma\u015fa Dokunan Yapay Zeka<\/h3>\n<p>Tekstil sekt\u00f6r\u00fc genellikle geleneksel bir end\u00fcstri olarak kabul edilse de, Sun Tekstil bu alg\u0131y\u0131 y\u0131kan ad\u0131mlar at\u0131yor. \u015eirket, sadece bir \u00fcretici de\u011fil, ayn\u0131 zamanda bir teknoloji ve inovasyon yat\u0131r\u0131mc\u0131s\u0131 olarak konumlan\u0131yor. 2025&#8217;in ilk dokuz ay\u0131nda Ar-Ge&#8217;ye yap\u0131lan \u00f6nemli harcamalar, bunun en net g\u00f6stergesi: aktifle\u015ftirilen geli\u015ftirme faaliyetleri i\u00e7in 111.784.825 TL ve ara\u015ft\u0131rma giderleri i\u00e7in 106.909.620 TL.<\/p>\n<p>Ancak en \u00e7arp\u0131c\u0131 geli\u015fme, \u015firketin do\u011frudan teknolojiye yapt\u0131\u011f\u0131 yat\u0131r\u0131mlarda ortaya \u00e7\u0131k\u0131yor. Sun Tekstil, Myth Yapay Zeka ve Mintgrams Technologies Inc. (Refabric) gibi yapay zeka teknoloji \u015firketlerine yat\u0131r\u0131m yapm\u0131\u015f. Raporda (Finansal Rapor, Not 22), bu yat\u0131r\u0131mlardan birinin nas\u0131l yap\u0131ld\u0131\u011f\u0131na dair \u00f6nemli bir detay da yer al\u0131yor: Amerika merkezli Mintgrams Technologies, Inc. (Refabric) \u00fcnvanl\u0131 yapay zeka \u015firketine, ileride hisseye d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir bir yat\u0131r\u0131m arac\u0131 olan <b>&#8220;SAFE: Simple Agreement for Future Equity&#8221;<\/b> s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde yat\u0131r\u0131m ger\u00e7ekle\u015ftirilmi\u015ftir. \u00d6zellikle Refabric&#8217;in &#8220;\u00fcretken yapay zeka destekli tasar\u0131m platformu&#8221; sunmas\u0131, \u015firketin sadece \u00fcretim s\u00fcre\u00e7lerini de\u011fil, tasar\u0131m gibi yarat\u0131c\u0131 s\u00fcre\u00e7leri de teknoloji ile d\u00f6n\u00fc\u015ft\u00fcrme vizyonunu ortaya koyuyor. Bu hamle, geleneksel bir sekt\u00f6r\u00fcn dijital d\u00f6n\u00fc\u015f\u00fcmde nas\u0131l \u00f6nc\u00fc bir rol \u00fcstlenebilece\u011finin m\u00fckemmel bir \u00f6rne\u011fidir.<\/p>\n<h3>4. %85&#8217;lik Odak: Risk mi, Strateji mi?<\/h3>\n<p>Finansal raporlar, bir \u015firketin risk profilini anlamak i\u00e7in de kritik bilgiler sunar. Sun Tekstil&#8217;in raporunda dikkat \u00e7eken bir veri, sat\u0131\u015flar\u0131n\u0131n %85&#8217;inin ilk 10 m\u00fc\u015fterisinden gelmesi. Finansal analiz dilinde bu durum, y\u00fcksek bir &#8220;m\u00fc\u015fteri yo\u011funla\u015fma riski&#8221; olarak adland\u0131r\u0131l\u0131r ve ilk bak\u0131\u015fta bir k\u0131r\u0131lganl\u0131k olarak yorumlanabilir.<\/p>\n<p>Ancak madalyonun di\u011fer y\u00fcz\u00fc, \u00e7ok daha stratejik bir tablo sunuyor. Bu oran, \u015firketin d\u00fcnyan\u0131n \u00f6nde gelen k\u00fcresel markalar\u0131yla ne kadar derin, g\u00fcvene dayal\u0131 ve g\u00fc\u00e7l\u00fc i\u015f ortakl\u0131klar\u0131 kurdu\u011funun bir kan\u0131t\u0131d\u0131r. Bu, rastgele bir m\u00fc\u015fteri da\u011f\u0131l\u0131m\u0131 yerine, s\u00fcrd\u00fcr\u00fclebilir ili\u015fkiler ve operasyonel verimlilik \u00fczerine kurulu bilin\u00e7li bir stratejinin sonucu olabilir. Bu yakla\u015f\u0131m, b\u00fcy\u00fck ortakl\u0131klar\u0131n getirdi\u011fi istikrar ve \u00f6ng\u00f6r\u00fclebilirlik avantaj\u0131n\u0131 kullan\u0131rken, ayn\u0131 zamanda dikkatli bir risk y\u00f6netimi gerektirdi\u011fini de g\u00f6steriyor.<\/p>\n<h3>Sonu\u00e7: Gelece\u011fi Okumak<\/h3>\n<p>Sun Tekstil&#8217;in finansal raporlar\u0131ndan \u00e7\u0131kard\u0131\u011f\u0131m\u0131z bu d\u00f6rt ders; zorlu ko\u015fullarda k\u00e2rl\u0131l\u0131\u011f\u0131 art\u0131rma, belirsizlikte cesurca yat\u0131r\u0131m yapma, geleneksel sekt\u00f6re ileri teknoloji entegrasyonu ve odaklanm\u0131\u015f m\u00fc\u015fteri ili\u015fkileri stratejisi, bir \u015firketin sadece bug\u00fcnk\u00fc finansal sa\u011fl\u0131\u011f\u0131n\u0131 de\u011fil, ayn\u0131 zamanda gelece\u011fe y\u00f6nelik vizyonunu ve adaptasyon yetene\u011fini de ortaya koyuyor. Bu analiz, teknoloji yat\u0131r\u0131mlar\u0131n\u0131n k\u00e2rl\u0131l\u0131\u011f\u0131 nas\u0131l do\u011frudan etkiledi\u011fini ve g\u00fc\u00e7l\u00fc m\u00fc\u015fteri ili\u015fkilerinin kriz an\u0131nda nas\u0131l stratejik bir yat\u0131r\u0131m g\u00fcvencesi sa\u011flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu \u00f6rnek, bir faaliyet raporunun rakam y\u0131\u011f\u0131nlar\u0131n\u0131n \u00f6tesinde, bir \u015firketin stratejik akl\u0131n\u0131 ve ruhunu nas\u0131l yans\u0131tabilece\u011fini kan\u0131tl\u0131yor.<\/p>\n<p>Peki bu bize ne anlat\u0131yor? Belki de as\u0131l soru \u015fudur: Geleneksel sanayi dallar\u0131, operasyonel m\u00fckemmellik ile ileri teknoloji vizyonunu birle\u015ftirerek gelece\u011fin kazananlar\u0131 olabilir mi? Kendi sekt\u00f6r\u00fcn\u00fczdeki \u015firketlerin raporlar\u0131nda benzer gizli hikayeler bulabilir misiniz?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Sun Tekstil 30.09.2025 D\u00f6nemi Bilgilendirme Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu rapor, Sun Tekstil Sanayi ve Ticaret A.\u015e. ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (&#8220;Grup&#8221;) 30 Eyl\u00fcl 2025&#8217;te sona eren dokuz ayl\u0131k d\u00f6neme ait faaliyetlerini, finansal durumunu ve sekt\u00f6rdeki konumunu \u00f6zetlemektedir. Rapor, \u015firketin 01.01.2025 \u2013 30.09.2025 d\u00f6nemi Faaliyet Raporu ve Finansal Raporlar\u0131ndan derlenen bilgilere dayanmaktad\u0131r.<\/p>\n<p>D\u00f6nemin \u00f6ne \u00e7\u0131kan finansal sonu\u00e7lar\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla sat\u0131\u015flarda ve k\u00e2rl\u0131l\u0131kta ya\u015fanan d\u00fc\u015f\u00fc\u015fe i\u015faret etmektedir. Grubun net sat\u0131\u015flar\u0131 %19 azalarak 9,61 milyar TL&#8217;ye gerilerken, net d\u00f6nem k\u00e2r\u0131 487 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir (30.09.2024: 570,9 milyon TL). Bu d\u00fc\u015f\u00fc\u015fe ra\u011fmen br\u00fct k\u00e2r marj\u0131 %20&#8217;den %21&#8217;e y\u00fckselmi\u015f, FAV\u00d6K marj\u0131 ise %14 seviyesinde sabit kalm\u0131\u015ft\u0131r. Grubun finansal yap\u0131s\u0131, 12,74 milyar TL&#8217;lik toplam aktif ve 7,27 milyar TL&#8217;lik \u00f6zkaynak ile g\u00fc\u00e7l\u00fc konumunu korumaktad\u0131r.<\/p>\n<p>Operasyonel olarak, Grup kapasite art\u0131\u015f\u0131 ve verimlilik hedefleri do\u011frultusunda 811,2 milyon TL&#8217;lik \u00f6nemli bir yat\u0131r\u0131m ger\u00e7ekle\u015ftirmi\u015ftir. Bununla birlikte, hem kuma\u015f (Ekoten) hem de haz\u0131r giyim (Sun) segmentlerinde sat\u0131lan \u00fcr\u00fcn miktar\u0131nda s\u0131ras\u0131yla %4,0 ve %23,8&#8217;lik azal\u0131\u015flar ya\u015fanm\u0131\u015ft\u0131r. Bu durum, T\u00fcrkiye&#8217;nin genel haz\u0131r giyim ve konfeksiyon ihracat\u0131ndaki %6,5&#8217;lik daralma ile paralellik g\u00f6stermektedir.<\/p>\n<p>Kurumsal alanda \u00f6nemli geli\u015fmeler ya\u015fanm\u0131\u015ft\u0131r. Mart, Nisan ve Ekim 2025&#8217;te ger\u00e7ekle\u015ftirilen ortak pay sat\u0131\u015flar\u0131 ile \u015firketin halka a\u00e7\u0131kl\u0131k oran\u0131 %30,61&#8217;e y\u00fckselmi\u015ftir. Mart 2025&#8217;te 1,41 milyon TL tutar\u0131nda bir pay geri al\u0131m i\u015flemi ger\u00e7ekle\u015ftirilmi\u015ftir. Ayr\u0131ca, 2024 y\u0131l\u0131 k\u00e2r\u0131na ili\u015fkin k\u00e2r pay\u0131 \u00f6demesi 5 Kas\u0131m 2025&#8217;te yap\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p>Grup, Hazine ve Maliye Bakanl\u0131\u011f\u0131 taraf\u0131ndan tebli\u011f edilen toplamda 17,6 milyon TL tutar\u0131nda iki ayr\u0131 vergi cezas\u0131 ihbarnamesi ile kar\u015f\u0131 kar\u015f\u0131yad\u0131r. \u015eirket, bu tarhiyatlar\u0131n iptali i\u00e7in yasal s\u00fcre\u00e7 ba\u015flatm\u0131\u015f olup davalar\u0131n lehte sonu\u00e7lanmas\u0131n\u0131 beklemektedir. D\u00f6viz kuru, faiz oran\u0131, likidite ve %85&#8217;i ilk 10 m\u00fc\u015fteriden olu\u015fan sat\u0131\u015f yo\u011funla\u015fmas\u0131 gibi riskler, Grubun risk y\u00f6netimi politikalar\u0131 \u00e7er\u00e7evesinde yak\u0131ndan izlenmektedir.<\/p>\n<h2>Kurumsal Yap\u0131 ve Y\u00f6netim<\/h2>\n<h3>Genel Bilgiler<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kriter<\/td>\n<td>Bilgi<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Unvan\u0131<\/b><\/td>\n<td>Sun Tekstil Sanayi ve Ticaret Anonim \u015eirketi<\/td>\n<\/tr>\n<tr>\n<td><b>Merkez Adresi<\/b><\/td>\n<td>Yedi Eyl\u00fcl Mah. Celal Umur Cad. No:6\/A Torbal\u0131, \u0130zmir<\/td>\n<\/tr>\n<tr>\n<td><b>Kurulu\u015f Tarihi<\/b><\/td>\n<td>10.11.1987<\/td>\n<\/tr>\n<tr>\n<td><b>Ticaret Sicil No<\/b><\/td>\n<td>2676 (Torbal\u0131 Ticaret Sicili M\u00fcd\u00fcrl\u00fc\u011f\u00fc)<\/td>\n<\/tr>\n<tr>\n<td><b>Sermaye<\/b><\/td>\n<td>474.600.000 TL<\/td>\n<\/tr>\n<tr>\n<td><b>\u00c7al\u0131\u015fan Say\u0131s\u0131<\/b><\/td>\n<td>1.242 (30.09.2025 itibar\u0131yla)<\/td>\n<\/tr>\n<tr>\n<td><b>\u0130nternet Sitesi<\/b><\/td>\n<td>https:\/\/www.suntekstil.com.tr<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirketin 30.09.2025 tarihi itibar\u0131yla \u00f6denmi\u015f sermayesi 474.600.000 TL&#8217;dir. Ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Pay Sahibinin Ad\u0131 Soyad\u0131<\/td>\n<td>Hisse Grubu<\/td>\n<td>Sermaye Tutar\u0131 (TL)<\/td>\n<td>Oran (%)<\/td>\n<\/tr>\n<tr>\n<td>Elvan \u00dcnl\u00fct\u00fcrk<\/td>\n<td>A ve B<\/td>\n<td>154.910.000<\/td>\n<td>32,64<\/td>\n<\/tr>\n<tr>\n<td>\u015eefika G\u00fcnseli \u00dcnl\u00fct\u00fcrk<\/td>\n<td>A ve B<\/td>\n<td>131.910.000<\/td>\n<td>27,79<\/td>\n<\/tr>\n<tr>\n<td>Mehmet Muammer \u00dcnl\u00fct\u00fcrk<\/td>\n<td>A ve B<\/td>\n<td>24.375.000<\/td>\n<td>5,14<\/td>\n<\/tr>\n<tr>\n<td>Azize Ceylan \u00dcnl\u00fct\u00fcrk Ye\u015filova<\/td>\n<td>A ve B<\/td>\n<td>24.375.000<\/td>\n<td>5,14<\/td>\n<\/tr>\n<tr>\n<td>Ay\u015fe \u00dcnl\u00fct\u00fcrk<\/td>\n<td>A ve B<\/td>\n<td>25.750.000<\/td>\n<td>5,43<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>B<\/td>\n<td>113.280.000<\/td>\n<td>23,86<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><\/td>\n<td><b>474.600.000<\/b><\/td>\n<td><b>100<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Not: Yukar\u0131daki tablo Faaliyet Raporu&#8217;ndaki verileri yans\u0131tmaktad\u0131r. Bilan\u00e7o dipnotlar\u0131nda ise 30.09.2025 tarihi itibar\u0131yla hisse oranlar\u0131 farkl\u0131 verilmi\u015ftir. Ayr\u0131ca, raporlama d\u00f6nemi sonras\u0131 Ekim ay\u0131nda yap\u0131lan sat\u0131\u015flarla halka a\u00e7\u0131kl\u0131k oran\u0131 %30,61&#8217;e ula\u015fm\u0131\u015ft\u0131r.<\/i><\/p>\n<p><b>\u0130mtiyazl\u0131 Paylar:<\/b> \u015eirket sermayesi (A) ve (B) grubu paylardan olu\u015fmaktad\u0131r. Sermayenin %11,05&#8217;ini temsil eden (A) grubu paylar, y\u00f6netim kuruluna aday olma, aday g\u00f6sterme ve genel kurulda oy imtiyaz\u0131na sahiptir. Ayr\u0131ca, esas s\u00f6zle\u015fme tadili, sermaye art\u0131r\u0131m\u0131, tasfiye gibi kritik konularda karar al\u0131nabilmesi i\u00e7in (A) grubu pay sahiplerinin en az %75&#8217;inin olumlu oyu gerekmektedir.<\/p>\n<h3>D\u00f6nem \u0130\u00e7i Kurumsal Geli\u015fmeler<\/h3>\n<ul>\n<li><b>Hisse Sat\u0131\u015flar\u0131:<\/b>\n<ul>\n<li><b>18 Mart 2025:<\/b> \u015eirket ortaklar\u0131 1.609.388 adet pay\u0131n sat\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirdi.<\/li>\n<li><b>2 Nisan 2025:<\/b> Ortaklar, 13.390.612 TL nominal de\u011ferli pay\u0131n Borsa \u0130stanbul&#8217;da \u00f6zel emirle sat\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirdi. Bu i\u015flemle halka a\u00e7\u0131kl\u0131k oran\u0131 %23,86&#8217;ya ula\u015ft\u0131.<\/li>\n<li><b>14-24 Ekim 2025:<\/b> Raporlama d\u00f6nemi sonras\u0131, ortaklar 32.000.000 adet nominal pay\u0131n sat\u0131\u015f\u0131n\u0131 yat\u0131r\u0131mc\u0131s\u0131 olduklar\u0131 serbest fona ger\u00e7ekle\u015ftirdi. Bu i\u015flemle halka a\u00e7\u0131kl\u0131k oran\u0131 %30,61&#8217;e y\u00fckseldi.<\/li>\n<\/ul>\n<\/li>\n<li><b>Pay Geri Al\u0131mlar\u0131:<\/b> 24 Mart 2025 tarihinde, a\u011f\u0131rl\u0131kl\u0131 ortalama 29,38 TL fiyattan 48.000 adet pay geri al\u0131nm\u0131\u015ft\u0131r. Bu i\u015flem i\u00e7in 1.410.107 TL \u00f6denmi\u015ftir. Hisse geri al\u0131m\u0131 i\u00e7in \u00f6denen toplam tutar 11.158.154 TL&#8217;dir. 30 Eyl\u00fcl 2025 itibar\u0131yla geri al\u0131nan paylar\u0131n enflasyon d\u00fczeltmesi ile endekslenmi\u015f de\u011feri 27.316.718 TL&#8217;dir.<\/li>\n<li><b>K\u00e2r Pay\u0131 Da\u011f\u0131t\u0131m\u0131:<\/b> 28 Temmuz 2025 tarihli Genel Kurul&#8217;da verilen yetkiye istinaden, 2024 y\u0131l\u0131na ait k\u00e2r pay\u0131 \u00f6demesi 30 Ekim 2025 tarihli Y\u00f6netim Kurulu karar\u0131 ile 5 Kas\u0131m 2025&#8217;te yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>Y\u00f6netim Kurulu ve \u00dcst D\u00fczey Y\u00f6neticiler<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Y\u00f6netim Kurulu \u00fcyeleri \u015funlard\u0131r:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<\/tr>\n<tr>\n<td>Elvan \u00dcnl\u00fct\u00fcrk<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<\/tr>\n<tr>\n<td>Mustafa Sabri \u00dcnl\u00fct\u00fcrk<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131<\/td>\n<\/tr>\n<tr>\n<td>Melis Vekilo\u011flu<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<\/tr>\n<tr>\n<td>\u0130shak Ayd\u0131n \u00d6zt\u00fcrk<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<\/tr>\n<tr>\n<td>Elif \u0130dil T\u00fcrkmeno\u011flu<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<\/tr>\n<tr>\n<td>Marc Murat Sa\u011fman<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Y\u00f6netim Kurulu, Genel M\u00fcd\u00fcr ve Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131 seviyesindeki \u00fcst d\u00fczey y\u00f6neticilere 01.01.2025 \u2013 30.09.2025 d\u00f6neminde sa\u011flanan mali haklar (huzur hakk\u0131, \u00fccret, prim vb.) toplam\u0131 56.692.185 TL&#8217;dir.<\/p>\n<h3>Ba\u011fl\u0131 Ortakl\u0131klar ve \u0130\u015ftirakler<\/h3>\n<ul>\n<li><b>Konsolidasyona Tabi Ba\u011fl\u0131 Ortakl\u0131klar:<\/b>\n<ul>\n<li><b>Ekoten Tekstil Sanayi ve Ticaret A.\u015e.:<\/b> Kuma\u015f \u00fcretimi faaliyetinde bulunur (%96,55 sahiplik).<\/li>\n<li><b>Sun Textile UK Limited:<\/b> D\u0131\u015f giyim \u00fcr\u00fcnleri pazarlamas\u0131 yapar (%100 sahiplik).<\/li>\n<\/ul>\n<\/li>\n<li><b>Konsolidasyona Tabi Olmayan \u0130\u015ftirakler:<\/b>\n<ul>\n<li><b>Myth Yapay Zeka ve Ticaret A.\u015e.:<\/b> Yapay zeka teknoloji \u015firketidir (%0,72 sahiplik).<\/li>\n<li><b>Mintgrams Technologies Inc. (Refabric):<\/b> Yapay zeka ve yaz\u0131l\u0131m geli\u015ftirme \u015firketidir. 10 Mart 2025&#8217;te bu \u015firkete &#8220;SAFE: Simple Agreement for Future Equity&#8221; s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde yat\u0131r\u0131m yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Operasyonel ve Finansal Performans<\/h2>\n<h3>Faaliyetler, Yat\u0131r\u0131mlar ve Ar-Ge<\/h3>\n<p>01.01.2025 \u2013 30.09.2025 d\u00f6neminde Grup, verimlilik art\u0131\u015f\u0131 ve m\u00fc\u015fteri taleplerine h\u0131zl\u0131 yan\u0131t verme amac\u0131yla toplam 811.235.007 TL tutar\u0131nda yat\u0131r\u0131m yapm\u0131\u015ft\u0131r. Yat\u0131r\u0131mlar\u0131n da\u011f\u0131l\u0131m\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Yat\u0131r\u0131m Kalemi<\/td>\n<td>Tutar (TL)<\/td>\n<\/tr>\n<tr>\n<td>Yap\u0131lmakta Olan Yat\u0131r\u0131mlar<\/td>\n<td>572.689.470<\/td>\n<\/tr>\n<tr>\n<td>Geli\u015ftirme Maliyetleri<\/td>\n<td>111.784.825<\/td>\n<\/tr>\n<tr>\n<td>Makine, Tesis ve Cihazlar<\/td>\n<td>74.149.713<\/td>\n<\/tr>\n<tr>\n<td>Binalar<\/td>\n<td>33.705.221<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6\u015feme ve Demirba\u015flar<\/td>\n<td>13.352.836<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>5.552.942<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>811.235.007<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Ayn\u0131 d\u00f6nemde, gelir tablosuna yans\u0131t\u0131lan ara\u015ft\u0131rma giderleri 106.909.620 TL, aktifle\u015ftirilen geli\u015ftirme faaliyetleri ise 111.784.825 TL&#8217;dir.<\/p>\n<h3>Finansal Durum Analizi<\/h3>\n<p>Grup, 01.01.2025 \u2013 30.09.2025 d\u00f6neminde 487 milyon TL konsolide net k\u00e2r elde etmi\u015ftir. Finansal tablolar, TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama) standard\u0131na uygun olarak, 30 Eyl\u00fcl 2025 tarihli sat\u0131n alma g\u00fcc\u00fcne g\u00f6re d\u00fczeltilerek sunulmu\u015ftur.<\/p>\n<p><b>\u00d6zet Gelir Tablosu ve K\u00e2rl\u0131l\u0131k (Kar\u015f\u0131la\u015ft\u0131rmal\u0131)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem (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>Net Has\u0131lat<\/td>\n<td>9.610.830.080<\/td>\n<td>11.938.240.888<\/td>\n<td>(19)<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>1.986.866.894<\/td>\n<td>2.437.996.361<\/td>\n<td>(18)<\/td>\n<\/tr>\n<tr>\n<td><i>Br\u00fct Kar Marj\u0131<\/i><\/td>\n<td><i>%21<\/i><\/td>\n<td><i>%20<\/i><\/td>\n<td><i>+1 p.p.<\/i><\/td>\n<\/tr>\n<tr>\n<td>FAV\u00d6K<\/td>\n<td>1.338.587.395<\/td>\n<td>1.632.743.132<\/td>\n<td>(18)<\/td>\n<\/tr>\n<tr>\n<td><i>FAV\u00d6K Marj\u0131<\/i><\/td>\n<td><i>%14<\/i><\/td>\n<td><i>%14<\/i><\/td>\n<td><i>-%0 p.p.<\/i><\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nem Net Kar\u0131<\/td>\n<td>487.001.996<\/td>\n<td>570.855.945<\/td>\n<td>(15)<\/td>\n<\/tr>\n<tr>\n<td><i>D\u00f6nem Kar Marj\u0131<\/i><\/td>\n<td><i>%5<\/i><\/td>\n<td><i>%5<\/i><\/td>\n<td><i>-%0 p.p.<\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Temel Finansal G\u00f6stergeler<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Oranlar<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>1,53<\/td>\n<td>1,58<\/td>\n<\/tr>\n<tr>\n<td>Likidite Oran\u0131<\/td>\n<td>1,17<\/td>\n<td>1,09<\/td>\n<\/tr>\n<tr>\n<td>Toplam Bor\u00e7 \/ \u00d6zkaynaklar (%)<\/td>\n<td>37<\/td>\n<td>26<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar \/ Aktif Toplam\u0131 (%)<\/td>\n<td>57<\/td>\n<td>58<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u015eirketin finansal yap\u0131s\u0131 g\u00fc\u00e7l\u00fcd\u00fcr; \u00f6denmi\u015f sermayesi 474,6 milyon TL iken \u00f6zkaynak toplam\u0131 7,27 milyar TL&#8217;dir. Borca bat\u0131kl\u0131k durumu bulunmamaktad\u0131r. Has\u0131lat\u0131n yakla\u015f\u0131k %89&#8217;u Avro, ABD Dolar\u0131 ve \u0130ngiliz Sterlini cinsinden yurt d\u0131\u015f\u0131 sat\u0131\u015flardan elde edilmi\u015ftir.<\/p>\n<h3>Sat\u0131\u015flar\u0131n Miktarsal De\u011fi\u015fimi<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Sat\u0131\u015flar<\/td>\n<td>Ocak \u2013 Eyl\u00fcl 2025<\/td>\n<td>Ocak \u2013 Eyl\u00fcl 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Ekoten (Kg)<\/td>\n<td>4.762.297<\/td>\n<td>4.958.516<\/td>\n<td>(4,0)<\/td>\n<\/tr>\n<tr>\n<td>Sun Tekstil (Adet)<\/td>\n<td>23.223.765<\/td>\n<td>30.458.669<\/td>\n<td>(23,8)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>B\u00f6l\u00fcmlere G\u00f6re Raporlama<\/h3>\n<p>Grup, faaliyetlerini &#8220;Haz\u0131r Giyim&#8221; ve &#8220;Kuma\u015f \u00dcretimi&#8221; olmak \u00fczere iki ana b\u00f6l\u00fcmde takip etmektedir.<\/p>\n<p><b>01.01.2025 &#8211; 30.09.2025 D\u00f6nemi (TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>B\u00f6l\u00fcm<\/td>\n<td>Has\u0131lat<\/td>\n<td>FAV\u00d6K<\/td>\n<td>FAV\u00d6K Marj\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Haz\u0131r Giyim<\/td>\n<td>7.105.274.332<\/td>\n<td>975.509.631<\/td>\n<td>14<\/td>\n<\/tr>\n<tr>\n<td>Kuma\u015f \u00dcretimi<\/td>\n<td>2.554.518.244<\/td>\n<td>316.520.938<\/td>\n<td>12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>01.01.2024 &#8211; 30.09.2024 D\u00f6nemi (TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>B\u00f6l\u00fcm<\/td>\n<td>Has\u0131lat<\/td>\n<td>FAV\u00d6K<\/td>\n<td>FAV\u00d6K Marj\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Haz\u0131r Giyim<\/td>\n<td>9.067.602.036<\/td>\n<td>906.390.188<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>Kuma\u015f \u00dcretimi<\/td>\n<td>2.994.787.464<\/td>\n<td>689.046.497<\/td>\n<td>23<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Sekt\u00f6r Analizi ve Pazar Konumu<\/h2>\n<h3>Genel Sekt\u00f6r De\u011ferlendirmesi<\/h3>\n<ul>\n<li><b>Haz\u0131r Giyim ve Konfeksiyon:<\/b> T\u00fcrkiye&#8217;nin haz\u0131r giyim ve konfeksiyon ihracat\u0131, 2025 y\u0131l\u0131n\u0131n Ocak-Eyl\u00fcl d\u00f6neminde bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %6,5 azalarak 12,7 milyar dolar olarak ger\u00e7ekle\u015fmi\u015ftir. Sekt\u00f6r\u00fcn toplam ihracat i\u00e7indeki pay\u0131 %7,06&#8217;dan %6,34&#8217;e gerilemi\u015ftir. Miktar baz\u0131nda ise ihracat %11,5&#8217;lik bir d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015ftir.<\/li>\n<li><b>Tekstil ve Hammaddeleri:<\/b> Tekstil ve hammaddeleri ihracat\u0131, 2025 y\u0131l\u0131n\u0131n ayn\u0131 d\u00f6neminde de\u011fer baz\u0131nda 7 milyar dolar seviyesinde sabit kal\u0131rken, miktar baz\u0131nda %5,3 art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n<li><b>Kapasite Kullan\u0131m Oran\u0131:<\/b> Haz\u0131r giyim sekt\u00f6r\u00fcnde kapasite kullan\u0131m oran\u0131 2024 y\u0131l sonunda %75,9 iken, 2025 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde %74,7&#8217;ye gerilemi\u015ftir.<\/li>\n<\/ul>\n<h3>\u0130hracat Pazarlar\u0131 ve \u00dcr\u00fcn Gruplar\u0131<\/h3>\n<ul>\n<li><b>Ana \u0130hracat Pazarlar\u0131:<\/b> 2025 Ocak-Eyl\u00fcl d\u00f6neminde en fazla ihracat yap\u0131lan \u00fclkeler ve bir \u00f6nceki y\u0131la g\u00f6re de\u011fi\u015fim oranlar\u0131 \u015f\u00f6yledir:\n<ol>\n<li><b>Almanya:<\/b> 2,1 milyar $ (%-6,8)<\/li>\n<li><b>Hollanda:<\/b> 1,5 milyar $ (%-6,0)<\/li>\n<li><b>\u0130spanya:<\/b> 1,3 milyar $ (%-9,8)<\/li>\n<\/ol>\n<\/li>\n<li><b>\u00dcr\u00fcn Grubu Performans\u0131:<\/b> \u00d6rme giyim e\u015fyalar\u0131 ihracat\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %5,9 d\u00fc\u015f\u00fc\u015fle 6,6 milyar dolar olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h2>Risk Y\u00f6netimi ve Hukuki S\u00fcre\u00e7ler<\/h2>\n<h3>Risk Y\u00f6netim Politikas\u0131<\/h3>\n<p>Y\u00f6netim Kurulu b\u00fcnyesinde kurulan Riskin Erken Saptanmas\u0131 Komitesi, \u015firketin varl\u0131\u011f\u0131n\u0131 ve geli\u015fimini tehlikeye atabilecek risklerin erken te\u015fhisi, gerekli \u00f6nlemlerin al\u0131nmas\u0131 ve risklerin y\u00f6netilmesi amac\u0131yla \u00e7al\u0131\u015fmalar yapmaktad\u0131r.<\/p>\n<h3>Temel Riskler<\/h3>\n<ul>\n<li><b>Faiz Oran\u0131 Riski:<\/b> Grubun faiz oran\u0131 riski temel olarak de\u011fi\u015fken faiz oranl\u0131 banka kredilerinden kaynaklanmaktad\u0131r.<\/li>\n<li><b>Kredi Riski:<\/b> Risk, vadeli sat\u0131\u015flardan do\u011fan ticari alacaklar ve banka mevduatlar\u0131 \u00fczerindedir. M\u00fc\u015fteriler i\u00e7in kredi limitleri belirlenerek ve teminat al\u0131narak y\u00f6netilmektedir.<\/li>\n<li><b>Likidite Riski:<\/b> Y\u00f6netim, fon kaynaklar\u0131n\u0131 \u00e7e\u015fitlendirerek ve yeterli nakit bulundurarak likidite riskini y\u00f6netmektedir.<\/li>\n<li><b>D\u00f6viz Kuru Riski:<\/b> Grubun gelirlerinin b\u00fcy\u00fck k\u0131sm\u0131 d\u00f6viz cinsinden iken, maliyetlerin \u00f6nemli bir b\u00f6l\u00fcm\u00fc TL cinsindendir. 30 Eyl\u00fcl 2025 itibar\u0131yla Grubun (bilan\u00e7o d\u0131\u015f\u0131 t\u00fcrev ara\u00e7lar dahil) 3,3 milyar TL net yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fck pozisyonu bulunmaktad\u0131r. Bu durum kur art\u0131\u015flar\u0131na kar\u015f\u0131 bir risk olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Sat\u0131\u015flarda Yo\u011funla\u015fma Riski:<\/b> Sat\u0131\u015flar\u0131n %85&#8217;i ilk 10 m\u00fc\u015fteriye yap\u0131lmaktad\u0131r. Bu durum, \u00f6nemli bir m\u00fc\u015fterinin kayb\u0131 riskini beraberinde getirmektedir.<\/li>\n<li><b>\u0130klim De\u011fi\u015fikli\u011fi Riski:<\/b> D\u00fc\u015f\u00fck karbonlu ekonomiye ge\u00e7i\u015f ve sera gaz\u0131 emisyonlar\u0131n\u0131n azalt\u0131m\u0131 gibi stratejik hedeflerle iklim de\u011fi\u015fikli\u011fi riskleri y\u00f6netilmektedir.<\/li>\n<\/ul>\n<h3>Hukuki Geli\u015fmeler ve Denetimler<\/h3>\n<ul>\n<li><b>Vergi Cezas\u0131 \u0130hbarnameleri:<\/b>\n<ol>\n<li><b>27 \u015eubat 2025 Tebli\u011fi:<\/b> Hazine ve Maliye Bakanl\u0131\u011f\u0131 taraf\u0131ndan 2023 y\u0131l\u0131n\u0131n Mart-Haziran d\u00f6nemlerine ili\u015fkin olarak 2,6 milyon TL vergi asl\u0131 ve 2,6 milyon TL vergi ziya\u0131 olmak \u00fczere toplam 5,2 milyon TL&#8217;lik cezal\u0131 vergi tarhiyat\u0131 yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>14 Nisan 2025 Tebli\u011fi:<\/b> 2022&#8217;nin son \u00e7eyre\u011fi ve 2023&#8217;\u00fcn ilk iki ay\u0131na ili\u015fkin olarak 6,2 milyon TL vergi asl\u0131 ve 6,2 milyon TL vergi ziya\u0131 olmak \u00fczere toplam 12,4 milyon TL&#8217;lik cezal\u0131 vergi tarhiyat\u0131 yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ol>\n<\/li>\n<li><b>Dava S\u00fcre\u00e7leri:<\/b> \u015eirket, her iki tarhiyat\u0131n iptali i\u00e7in \u0130zmir Vergi Mahkemesi nezdinde dava a\u00e7m\u0131\u015ft\u0131r ve bu davalar\u0131n lehte sonu\u00e7lanmas\u0131n\u0131 beklemektedir.<\/li>\n<li><b>Di\u011fer Davalar:<\/b> \u015eirket aleyhine a\u00e7\u0131lm\u0131\u015f, i\u015fe iade ve i\u015f\u00e7ilik alacaklar\u0131ndan kaynaklanan davalar i\u00e7in 879.348 TL tutar\u0131nda kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r. Bu davalar\u0131n mali durum \u00fczerinde \u00f6nemli bir olumsuz etki yaratmas\u0131 beklenmemektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"599\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu rapor, **Sun Tekstil Sanayi ve Ticaret A.\u015e.**&#8217;nin 1 Ocak ile 30 Eyl\u00fcl **2025** tarihlerini kapsayan dokuz ayl\u0131k **faaliyet d\u00f6nemine** dair kapsaml\u0131 bir \u00f6zet sunmaktad\u0131r. Belge, \u015firketin **ortakl\u0131k yap\u0131s\u0131n\u0131**, y\u00f6netim kadrosunu, ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131 ve **Ar-Ge yat\u0131r\u0131mlar\u0131n\u0131** detayl\u0131 verilerle a\u00e7\u0131klamaktad\u0131r. Tekstil sekt\u00f6r\u00fcn\u00fcn genel durumuyla kar\u015f\u0131la\u015ft\u0131rmal\u0131 olarak sunulan **finansal analizler**, \u015firketin k\u00e2rl\u0131l\u0131k oranlar\u0131n\u0131 ve **ihracat performans\u0131n\u0131** rakamlarla ortaya koymaktad\u0131r. Ayr\u0131ca, i\u015fletmenin kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu **finansal riskler**, hukuki s\u00fcre\u00e7ler ve y\u00fcr\u00fct\u00fclen **hisse geri al\u0131m** programlar\u0131 hakk\u0131nda hissedarlara bilgi verilmektedir. Rapor, firman\u0131n **g\u00fc\u00e7l\u00fc \u00f6zkaynak yap\u0131s\u0131n\u0131** vurgularken, s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme hedefleri ve **temett\u00fc da\u011f\u0131t\u0131m** s\u00fcre\u00e7lerine dair g\u00fcncel geli\u015fmeleri de i\u00e7ermektedir. Son olarak, kurumsal y\u00f6netim ilkeleri gere\u011fi kurulan **denetim komitelerinin** faaliyetleri ve \u015firketin gelece\u011fe y\u00f6nelik stratejik beklentileri payla\u015f\u0131lmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":611,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[140],"class_list":["post-599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-suntk"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/599","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=599"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/599\/revisions"}],"predecessor-version":[{"id":612,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/599\/revisions\/612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/611"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}