{"id":652,"date":"2025-12-28T03:02:03","date_gmt":"2025-12-28T00:02:03","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=652"},"modified":"2025-12-31T00:41:38","modified_gmt":"2025-12-30T21:41:38","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-izfas-izmir-firca-sanayi-ve-ticaret-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/652","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #IZFAS | \u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #IZFAS | \u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/kGluUzKLhic?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>\u0130zmir F\u0131r\u00e7a&#8217;n\u0131n Rakamlar\u0131 Ne Anlat\u0131yor? Bir Finansal Rapordan \u00c7\u0131kan 5 \u00c7arp\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3>Introduction: Rakamlar\u0131n Arkas\u0131ndaki Hikaye<\/h3>\n<p>Bir \u015firketin finansal raporunun so\u011fuk sat\u0131rlar\u0131 aras\u0131nda gezinmek, \u00e7o\u011fu zaman bir gizemi \u00e7\u00f6zmeye benzer. Rakamlar, sadece k\u00e2r ve zarar\u0131n \u00f6tesinde, jeopolitik entrikalar\u0131n, stratejik kumar\u0131n ve amans\u0131z bir ekonomik m\u00fccadelenin izlerini ta\u015f\u0131r.<\/p>\n<p>Bu analizin konusu, \u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret A.\u015e.&#8217;nin 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131na ait son finansal ve faaliyet raporlar\u0131. Bu belgeler, salt rakamlar\u0131n \u00f6tesine ge\u00e7en, \u015fa\u015f\u0131rt\u0131c\u0131 ve bir o kadar da d\u00fc\u015f\u00fcnd\u00fcr\u00fcc\u00fc i\u00e7g\u00f6r\u00fcler sunuyor. Bu makale, s\u00f6z konusu raporlardan \u00e7\u0131kan en etkili ve beklenmedik be\u015f \u00e7\u0131kar\u0131m\u0131 herkesin anlayabilece\u011fi bir dille \u00f6zetleyecektir.<\/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>1. Beklenmedik D\u00f6n\u00fc\u015f: K\u00e2rdan 80 Milyon TL&#8217;lik Dev Zarara<\/h3>\n<p>Raporlardaki en \u00e7arp\u0131c\u0131 rakam, \u015firketin 2025&#8217;in ilk dokuz ay\u0131nda <b>80.175.279 TL net zarar<\/b> a\u00e7\u0131klamas\u0131d\u0131r. Bu rakam, \u015firketin finansal performans\u0131nda ya\u015fanan dramatik negatif de\u011fi\u015fimi g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p>Bu zarar\u0131 daha anlaml\u0131 k\u0131lan ise \u00f6nceki d\u00f6nemlerle yap\u0131lan kar\u015f\u0131la\u015ft\u0131rmad\u0131r. \u015eirket, 31 Aral\u0131k 2024&#8217;te y\u0131l\u0131 <b>15.112.618 TL k\u00e2r<\/b> ile kapatm\u0131\u015ft\u0131. Bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemi olan 30 Eyl\u00fcl 2024&#8217;te ise zarar \u00e7ok daha k\u00fc\u00e7\u00fck bir rakam olan 18.098.773 TL seviyesindeydi. Bu, sadece bir k\u00e2rl\u0131l\u0131k d\u00fc\u015f\u00fc\u015f\u00fc de\u011fil; bir \u00f6nceki y\u0131l\u0131n k\u00e2r\u0131n\u0131 tamamen silip s\u00fcp\u00fcren ve \u00fczerine 80 milyon TL&#8217;lik dev bir krater a\u00e7an tam bir tersine d\u00f6n\u00fc\u015ft\u00fcr. Bu sars\u0131nt\u0131n\u0131n bir a\u00e7\u0131klamas\u0131 olmak zorunda.<\/p>\n<p>Peki, bu finansal depremin merkez \u00fcss\u00fc neresiydi? Cevap, \u015fa\u015f\u0131rt\u0131c\u0131 bir \u015fekilde, bilan\u00e7oda de\u011fil, politikan\u0131n koridorlar\u0131nda gizli.<\/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>2. Jeopolitik Dalgalar: \u0130srail&#8217;e \u0130hracat Yasa\u011f\u0131n\u0131n Faturas\u0131<\/h3>\n<p>Bu b\u00fcy\u00fck zarar\u0131n arkas\u0131ndaki sebep neydi? Cevap, \u015firketin kendi Faaliyet Raporu&#8217;nda \u015fa\u015f\u0131rt\u0131c\u0131 bir netlikle veriliyor. Rapor, finansal tablolardaki soyut rakamlar\u0131 somut bir nedene ba\u011fl\u0131yor.<\/p>\n<p>\u015eirket, raporun &#8220;Ge\u00e7mi\u015f d\u00f6nemlerde belirlenen hedeflere ula\u015f\u0131l\u0131p ula\u015f\u0131lamad\u0131\u011f\u0131&#8221; b\u00f6l\u00fcm\u00fcnde durumu \u015fu c\u00fcmleyle a\u00e7\u0131kl\u0131yor:<\/p>\n<p>Zarar\u0131n temel nedenlerinden biri \u0130srail\u2019e yap\u0131lan ihracat\u0131n yasaklanm\u0131\u015f olmas\u0131d\u0131r. Bu durum ciro performans\u0131n\u0131 etkilemi\u015ftir.<\/p>\n<p>Bu ifade, b\u00fcy\u00fck bir jeopolitik olay\u0131n, yani \u0130srail&#8217;e y\u00f6nelik ihracat yasa\u011f\u0131n\u0131n, yerel bir i\u015fletmenin finansal sa\u011fl\u0131\u011f\u0131n\u0131 nas\u0131l do\u011frudan etkiledi\u011fini net bir \u015fekilde ortaya koyuyor. Bu detay, 80 milyon TL&#8217;lik zarar\u0131 uluslararas\u0131 politikan\u0131n bir yans\u0131mas\u0131 haline getirerek somut bir hikayeye d\u00f6n\u00fc\u015ft\u00fcr\u00fcyor.<\/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>3. Sahiplik Yap\u0131s\u0131ndaki Paradoks: Hisselerin %88&#8217;i Halka A\u00e7\u0131kken Patronlar Neden \u00c7ekiliyor?<\/h3>\n<p>Raporlardaki bir di\u011fer dikkat \u00e7ekici geli\u015fme ise \u015firketin ortakl\u0131k yap\u0131s\u0131ndaki b\u00fcy\u00fck de\u011fi\u015fim. Sadece dokuz ay i\u00e7inde \u015firketin ana hissedarlar\u0131 paylar\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde azalt\u0131rken, halka a\u00e7\u0131k k\u0131s\u0131m rekor seviyeye ula\u015ft\u0131.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Pay Sahibi<\/td>\n<td>31.12.2024 Ortakl\u0131k Oran\u0131<\/td>\n<td>30.09.2025 Ortakl\u0131k Oran\u0131<\/td>\n<\/tr>\n<tr>\n<td>Orhan Dilbero\u011flu<\/td>\n<td>18,35%<\/td>\n<td>9,89%<\/td>\n<\/tr>\n<tr>\n<td>Natan Kohen<\/td>\n<td>10,54%<\/td>\n<td>2,07%<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>71,11%<\/td>\n<td>88,04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Bu tablodan iki kritik sonu\u00e7 \u00e7\u0131k\u0131yor:<\/p>\n<ul>\n<li>Halka a\u00e7\u0131k pay oran\u0131 %71,11&#8217;den <b>%88,04&#8217;e<\/b> f\u0131rlad\u0131.<\/li>\n<li>Ayn\u0131 d\u00f6nemde, \u015firketin iki ana bireysel hissedar\u0131 olan Orhan Dilbero\u011flu ve Natan Kohen, hisselerini \u00f6nemli \u00f6l\u00e7\u00fcde azaltt\u0131.<\/li>\n<\/ul>\n<p>Bu durum, yat\u0131r\u0131mc\u0131lar i\u00e7in kritik bir soru i\u015fareti yarat\u0131r: \u015eirketin d\u00fcmenindeki kilit isimlerin, tam da gemi f\u0131rt\u0131naya girmi\u015fken paylar\u0131n\u0131 azaltmas\u0131 bir g\u00fcvensizlik sinyali midir, yoksa planl\u0131 bir stratejinin par\u00e7as\u0131 m\u0131d\u0131r? Bu belirsizlik, piyasan\u0131n \u00f6n\u00fcm\u00fczdeki d\u00f6nemde yak\u0131ndan izleyece\u011fi en \u00f6nemli dinamiklerden biridir.<\/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>4. B\u00fcy\u00fcyen Y\u00fck\u00fcml\u00fcl\u00fckler: Bor\u00e7\/\u00d6zkaynak Oran\u0131 \u0130ki Kat\u0131ndan Fazla Artt\u0131<\/h3>\n<p>Finansal tablolar, \u015firketin bor\u00e7luluk yap\u0131s\u0131nda da \u00f6nemli bir art\u0131\u015f oldu\u011funu g\u00f6steriyor. \u00d6zellikle k\u0131sa vadeli bor\u00e7lanmalardaki art\u0131\u015f dikkat \u00e7ekici. Konsolide Finansal Durum Tablosu&#8217;na g\u00f6re \u015firketin &#8220;K\u0131sa Vadeli Bor\u00e7lanmalar\u0131&#8221;, 2024 sonunda yakla\u015f\u0131k 62,6 milyon TL iken, Eyl\u00fcl 2025 itibar\u0131yla <b>130,3 milyon TL&#8217;nin<\/b> \u00fczerine \u00e7\u0131kt\u0131.<\/p>\n<p>Bu durumun finansal sa\u011fl\u0131k \u00fczerindeki etkisini en iyi g\u00f6steren metriklerden biri &#8220;Bor\u00e7\/\u00f6zkaynaklar oran\u0131&#8221;d\u0131r. Dipnot 29&#8217;da belirtildi\u011fi \u00fczere bu kritik oran, 2024 sonunda <b>%37<\/b> iken, sadece dokuz ay i\u00e7inde <b>%86&#8217;ya<\/b> y\u00fckseldi.<\/p>\n<p>Basit bir dille ifade etmek gerekirse, artan bir bor\u00e7\/\u00f6zkaynak oran\u0131, \u015firketin faaliyetlerini finanse etmek i\u00e7in kendi kaynaklar\u0131ndan \u00e7ok bor\u00e7 paraya g\u00fcvendi\u011fi anlam\u0131na gelir. Bu artan bor\u00e7luluk, \u015firketin 80 milyon TL&#8217;lik rekor zararla bo\u011fu\u015ftu\u011fu bir d\u00f6nemde \u00f6zellikle endi\u015fe vericidir. Faaliyetlerden nakit yaratma kabiliyeti bozulmu\u015fken, bor\u00e7 servis y\u00fck\u00fcml\u00fcl\u00fcklerinin artmas\u0131 finansal esnekli\u011fi ciddi \u015fekilde k\u0131s\u0131tlar.<\/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>5. Enflasyon Muhasebesinin &#8220;G\u00f6r\u00fcnmez&#8221; Etkisi<\/h3>\n<p>T\u00fcrkiye&#8217;deki y\u00fcksek enflasyon nedeniyle, \u015firket finansal tablolar\u0131n\u0131 &#8220;Enflasyon Muhasebesi&#8221; (TMS 29) standard\u0131na g\u00f6re haz\u0131rlamak zorunda. Faaliyet Raporu ve Dipnot 2.2&#8217;de belirtildi\u011fi gibi bu, t\u00fcm finansal rakamlar\u0131n paran\u0131n g\u00fcncel al\u0131m g\u00fcc\u00fcn\u00fc yans\u0131tacak \u015fekilde d\u00fczeltilmesi anlam\u0131na geliyor ve d\u00f6nemler aras\u0131 kar\u015f\u0131la\u015ft\u0131rmalar\u0131 daha ger\u00e7ek\u00e7i k\u0131l\u0131yor.<\/p>\n<p>Bu muhasebe tekni\u011finin en ilgin\u00e7 sonu\u00e7lar\u0131ndan biri, &#8220;Net parasal pozisyon kazan\u00e7lar\u0131(kay\u0131plar\u0131)&#8221; kalemidir. Dipnot 4&#8217;e g\u00f6re, \u015firket bu kalemde <b>30.892.380 TL parasal kay\u0131p<\/b> kaydetti.<\/p>\n<p>Bu, \u015firketin kasas\u0131ndan operasyonel bir faaliyet sonucu \u00e7\u0131kan bir para de\u011fildir. Aksine, y\u00fcksek enflasyon ortam\u0131nda nakit ve benzeri parasal varl\u0131klar\u0131 elde tutman\u0131n neden oldu\u011fu sat\u0131nalma g\u00fcc\u00fc kayb\u0131n\u0131 \u00f6l\u00e7en bir muhasebe kalemidir. Bu rakam, T\u00fcrkiye&#8217;deki \u015firketlerin faaliyet k\u00e2rlar\u0131 d\u0131\u015f\u0131nda nas\u0131l zorlu bir makroekonomik ortamla m\u00fccadele etti\u011finin de g\u00fc\u00e7l\u00fc bir g\u00f6stergesidir.<\/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>Sonu\u00e7: Bir Bilan\u00e7odan Daha Fazlas\u0131<\/h3>\n<p>\u0130zmir F\u0131r\u00e7a&#8217;n\u0131n son raporlar\u0131, rakamlar\u0131n \u00f6tesinde bir hikaye anlat\u0131yor. Rakamlar, birbiriyle ba\u011flant\u0131l\u0131 bir kriz hikayesi anlat\u0131yor: Ankara&#8217;dan gelen jeopolitik bir karar ihracat\u0131 baltal\u0131yor ve \u015firketi dev bir zarara s\u00fcr\u00fckl\u00fcyor. Tam bu kriz an\u0131nda, kurucu ortaklar hisselerini azaltarak piyasaya belirsizlik sinyali veriyor. Bu s\u0131rada operasyonel kanamay\u0131 durdurmak i\u00e7in bor\u00e7lanma ikiye katlanarak riskleri art\u0131r\u0131yor ve t\u00fcm bunlar\u0131n \u00fczerine, y\u00fcksek enflasyon bir &#8220;g\u00f6r\u00fcnmez vergi&#8221; gibi \u015firketin nakit g\u00fcc\u00fcn\u00fc eritiyor.<\/p>\n<p>Peki, \u0130zmir F\u0131r\u00e7a bu zorlu f\u0131rt\u0131nay\u0131 atlat\u0131p yeniden k\u00e2rl\u0131l\u0131\u011fa d\u00f6nebilecek mi? Gelecek raporlar, bu hikayenin bir sonraki b\u00f6l\u00fcm\u00fcn\u00fc anlatacak.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">\u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret A.\u015e. 30 Eyl\u00fcl 2025 D\u00f6nemi Bilgilendirme Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu rapor, \u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret A.\u015e. ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (Grup) 30 Eyl\u00fcl 2025 tarihinde sona eren dokuz ayl\u0131k d\u00f6neme ait konsolide finansal sonu\u00e7lar\u0131n\u0131 ve faaliyetlerini kapsaml\u0131 bir \u015fekilde analiz etmektedir. Grup, bu d\u00f6nemi 80,7 milyon TL net zarar ile kapatm\u0131\u015ft\u0131r. Y\u00f6netim Kurulu, bu zarar\u0131n temel nedenlerinden birinin \u0130srail&#8217;e yap\u0131lan ihracat\u0131n yasaklanmas\u0131 oldu\u011funu ve bu durumun ciro performans\u0131n\u0131 olumsuz etkiledi\u011fini belirtmi\u015ftir.<\/p>\n<p>Finansal tablolar incelendi\u011finde, Grubun has\u0131lat\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %7 oran\u0131nda azalarak 319 milyon TL&#8217;ye gerilemi\u015ftir. Artan finansman giderleri ve parasal pozisyon kay\u0131plar\u0131, bu d\u00f6nemdeki zarar\u0131n derinle\u015fmesinde \u00f6nemli rol oynam\u0131\u015ft\u0131r. Bilan\u00e7o taraf\u0131nda, toplam varl\u0131klar 420,5 milyon TL&#8217;ye gerilerken, toplam y\u00fck\u00fcml\u00fcl\u00fckler \u00f6zellikle k\u0131sa vadeli banka kredilerindeki art\u0131\u015fla 242,1 milyon TL&#8217;ye y\u00fckselmi\u015ftir. Bu geli\u015fmeler sonucunda ana ortakl\u0131\u011fa ait \u00f6zkaynaklar 253,3 milyon TL&#8217;den 176,7 milyon TL&#8217;ye d\u00fc\u015fm\u00fc\u015f ve net bor\u00e7\/\u00f6zkaynak oran\u0131 %37&#8217;den %86&#8217;ya y\u00fckselmi\u015ftir.<\/p>\n<p>Stratejik olarak Grup, kay\u0131tl\u0131 sermaye tavan\u0131 i\u00e7erisinde %200 oran\u0131nda bir sermaye art\u0131r\u0131m\u0131 i\u00e7in 27 Haziran 2024 tarihinde Sermaye Piyasas\u0131 Kurulu&#8217;na ba\u015fvurmu\u015f olup, ba\u015fvuru sonucu hen\u00fcz netle\u015fmemi\u015ftir. Risk y\u00f6netimi kapsam\u0131nda kur ve faiz risklerine kar\u015f\u0131 TL kredilere y\u00f6nelim gibi tedbirler al\u0131nm\u0131\u015ft\u0131r.<\/p>\n<h2>Kurumsal Yap\u0131 ve Y\u00f6netim<\/h2>\n<h3>Genel Bilgiler<\/h3>\n<ul>\n<li><b>Ticaret Unvan\u0131:<\/b> \u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret Anonim \u015eirketi<\/li>\n<li><b>Kurulu\u015f Tarihi:<\/b> 14.09.1993, \u0130zmir<\/li>\n<li><b>Merkez Adresi:<\/b> M. Kemal Atat\u00fcrk Bulvar\u0131 No:18 A.O.S.B. \u00c7i\u011fli-\u0130zmir-T\u00fcrkiye<\/li>\n<li><b>Borsa Bilgileri:<\/b> Hisseleri 2014 y\u0131l\u0131ndan beri Borsa \u0130stanbul&#8217;da (BIST) i\u015flem g\u00f6rmektedir.<\/li>\n<li><b>Faaliyet Konusu:<\/b> Hammaddesi k\u0131l ve tahtadan olu\u015fan her t\u00fcrl\u00fc f\u0131r\u00e7an\u0131n imalat\u0131, sat\u0131\u015f\u0131, ilgili hammadde ve yar\u0131 mamullerin ithalat\u0131. Ayr\u0131ca her t\u00fcrl\u00fc temizlik malzemesi, boya ve su f\u0131r\u00e7as\u0131, rulo gibi \u00fcr\u00fcnlerin imalat\u0131 ve sat\u0131\u015f\u0131.<\/li>\n<\/ul>\n<h3>Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>Grubun 30 Eyl\u00fcl 2025 itibar\u0131yla \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 59.062.500 TL&#8217;dir. Ortakl\u0131k yap\u0131s\u0131, 31 Aral\u0131k 2024 d\u00f6nemiyle kar\u015f\u0131la\u015ft\u0131rmal\u0131 olarak a\u015fa\u011f\u0131da sunulmu\u015ftur. Bu d\u00f6nemde halka a\u00e7\u0131kl\u0131k oran\u0131nda \u00f6nemli bir art\u0131\u015f g\u00f6zlemlenmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Pay Sahibi<\/td>\n<td>30 Eyl\u00fcl 2025 Pay Tutar\u0131 (TL)<\/td>\n<td>30 Eyl\u00fcl 2025 Oran (%)<\/td>\n<td>31 Aral\u0131k 2024 Pay Tutar\u0131 (TL)<\/td>\n<td>31 Aral\u0131k 2024 Oran (%)<\/td>\n<\/tr>\n<tr>\n<td>Orhan Dilbero\u011flu<\/td>\n<td>5.839.126<\/td>\n<td>%9,89<\/td>\n<td>10.839.126<\/td>\n<td>%18,35<\/td>\n<\/tr>\n<tr>\n<td>Natan Kohen<\/td>\n<td>1.222.688<\/td>\n<td>%2,07<\/td>\n<td>6.222.688<\/td>\n<td>%10,54<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>52.000.686<\/td>\n<td>%88,04<\/td>\n<td>42.000.686<\/td>\n<td>%71,11<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>59.062.500<\/b><\/td>\n<td><b>%100,00<\/b><\/td>\n<td><b>59.062.500<\/b><\/td>\n<td><b>%100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u015eirketin A grubu imtiyazl\u0131 paylar\u0131 (1.312.500 TL), y\u00f6netim kurulu \u00fcyelerinin yar\u0131s\u0131n\u0131n belirlenmesi konusunda imtiyaz hakk\u0131 tan\u0131maktad\u0131r.<\/p>\n<h3>Y\u00f6netim Kurulu ve Komiteler<\/h3>\n<p>07.07.2025 tarihli genel kurul karar\u0131yla 3 y\u0131l s\u00fcreyle se\u00e7ilen alt\u0131 ki\u015filik Y\u00f6netim Kurulu g\u00f6rev yapmaktad\u0131r.<\/p>\n<ul>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan\u0131:<\/b> Orhan D\u0130LBERO\u011eLU<\/li>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131:<\/b> Natan KOHEN<\/li>\n<li><b>Y\u00f6netim Kurulu \u00dcyesi:<\/b> Fahri CO\u015eKUN<\/li>\n<li><b>Y\u00f6netim Kurulu \u00dcyesi:<\/b> Salvator KOHEN<\/li>\n<li><b>Ba\u011f\u0131ms\u0131z \u00dcye:<\/b> Sezi KALKANCI DURAK<\/li>\n<li><b>Ba\u011f\u0131ms\u0131z \u00dcye:<\/b> Ebru SENEMO\u011eLU<\/li>\n<\/ul>\n<p>\u015eirket b\u00fcnyesinde faaliyet g\u00f6steren komiteler ve ba\u015fkanlar\u0131 \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Denetimden Sorumlu Komite:<\/b> Ebru SENEMO\u011eLU<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Sezi KALKANCI DURAK<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> Ebru SENEMO\u011eLU<\/li>\n<\/ul>\n<h3>Ba\u011fl\u0131 Ortakl\u0131klar<\/h3>\n<p>Grup, iki ba\u011fl\u0131 ortakl\u0131\u011f\u0131 tam konsolidasyon y\u00f6ntemiyle finansal tablolar\u0131na dahil etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ba\u011fl\u0131 Ortakl\u0131\u011f\u0131n Unvan\u0131<\/td>\n<td>Faaliyet Alan\u0131<\/td>\n<td>Sermayesi (TL)<\/td>\n<td>Ana Ortakl\u0131k Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>\u0130zmir Rulo Sanayi ve Ticaret A.\u015e.<\/td>\n<td>F\u0131r\u00e7a Rulo \u00dcretimi<\/td>\n<td>1.000.000<\/td>\n<td>%66,00<\/td>\n<\/tr>\n<tr>\n<td>\u0130zsan Plastik ve F\u0131r\u00e7a Sanayi Ticaret A.\u015e.<\/td>\n<td>F\u0131r\u00e7a \u0130mali ve Pazarlama<\/td>\n<td>17.335.727<\/td>\n<td>%100,00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>30 Eyl\u00fcl 2025 Tarihli Finansal Performans Analizi<\/h2>\n<p>Finansal tablolar, TMS 29 &#8220;Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama&#8221; standard\u0131na uygun olarak haz\u0131rlanm\u0131\u015f ve t\u00fcm tutarlar 30 Eyl\u00fcl 2025 tarihindeki T\u00fcrk Liras\u0131&#8217;n\u0131n sat\u0131n alma g\u00fcc\u00fc cinsinden ifade edilmi\u015ftir.<\/p>\n<h3>K\u00e2r veya Zarar Tablosu De\u011ferlendirmesi<\/h3>\n<p>Grup, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re belirgin bir performans d\u00fc\u015f\u00fc\u015f\u00fc ya\u015fam\u0131\u015ft\u0131r. Has\u0131lat %7 azalarak 319 milyon TL&#8217;ye gerilerken, br\u00fct k\u00e2r %52&#8217;lik bir d\u00fc\u015f\u00fc\u015fle 47,6 milyon TL&#8217;ye inmi\u015ftir. Esas faaliyet k\u00e2r\u0131 ise 47 milyon TL&#8217;den 2,8 milyon TL&#8217;ye gerileyerek %94 oran\u0131nda azalm\u0131\u015ft\u0131r.<\/p>\n<p>D\u00f6nem zarar\u0131n\u0131n ana unsurlar\u0131 aras\u0131nda 39,9 milyon TL&#8217;ye y\u00fckselen finansman giderleri ve 30,9 milyon TL&#8217;lik parasal pozisyon kayb\u0131 bulunmaktad\u0131r. Sonu\u00e7 olarak, Grup 2024&#8217;\u00fcn ayn\u0131 d\u00f6nemindeki 18,1 milyon TL&#8217;lik zarara kar\u015f\u0131l\u0131k, 2025&#8217;in ilk dokuz ay\u0131nda 80,7 milyon TL net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>01.01-30.09.2025<\/td>\n<td>01.01-30.09.2024<\/td>\n<td>01.07-30.09.2025<\/td>\n<td>01.07-30.09.2024<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>319.043.586<\/td>\n<td>343.727.566<\/td>\n<td>120.760.397<\/td>\n<td>109.065.832<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct K\u00e2r<\/td>\n<td>47.558.312<\/td>\n<td>99.184.953<\/td>\n<td>(109.406)<\/td>\n<td>30.965.113<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r\u0131\/Zarar\u0131<\/td>\n<td>2.764.358<\/td>\n<td>46.980.947<\/td>\n<td>8.956.548<\/td>\n<td>11.245.416<\/td>\n<\/tr>\n<tr>\n<td>Finansman Giderleri (-)<\/td>\n<td>(39.897.509)<\/td>\n<td>(22.349.370)<\/td>\n<td>(30.377.247)<\/td>\n<td>(6.777.221)<\/td>\n<\/tr>\n<tr>\n<td>Parasal Kazan\u00e7\/Kay\u0131p<\/td>\n<td>(30.892.380)<\/td>\n<td>(34.820.297)<\/td>\n<td>6.042.812<\/td>\n<td>(23.701.791)<\/td>\n<\/tr>\n<tr>\n<td>Vergi \u00d6ncesi K\u00e2r\/Zarar<\/td>\n<td>(65.697.793)<\/td>\n<td>(9.647.153)<\/td>\n<td>(14.587.839)<\/td>\n<td>(19.221.791)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131\/Zarar\u0131<\/b><\/td>\n<td><b>(80.701.933)<\/b><\/td>\n<td><b>(18.098.773)<\/b><\/td>\n<td><b>(25.493.878)<\/b><\/td>\n<td><b>(21.357.780)<\/b><\/td>\n<\/tr>\n<tr>\n<td>Ana Ortakl\u0131k Paylar\u0131<\/td>\n<td>(80.175.279)<\/td>\n<td>(17.992.844)<\/td>\n<td>(25.064.272)<\/td>\n<td>(20.956.193)<\/td>\n<\/tr>\n<tr>\n<td>Pay Ba\u015f\u0131na Kay\u0131p<\/td>\n<td>-%137<\/td>\n<td>-%31<\/td>\n<td>-%43<\/td>\n<td>-%32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Finansal Durum Tablosu (Bilan\u00e7o) Analizi<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun toplam varl\u0131klar\u0131, 2024 y\u0131l sonuna g\u00f6re %3,6 azalarak 420,5 milyon TL olmu\u015ftur. D\u00f6nen varl\u0131klar stoklar ve ticari alacaklardaki art\u0131\u015fla 336,2 milyon TL&#8217;ye y\u00fckselirken, duran varl\u0131klar maddi duran varl\u0131k sat\u0131\u015flar\u0131 ve amortisman etkisiyle 144,4 milyon TL&#8217;den 84,3 milyon TL&#8217;ye gerilemi\u015ftir.<\/p>\n<p>Y\u00fck\u00fcml\u00fcl\u00fckler taraf\u0131nda ise k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler, \u00f6zellikle k\u0131sa vadeli banka kredilerinin 62,7 milyon TL&#8217;den 130,4 milyon TL&#8217;ye \u00e7\u0131kmas\u0131yla, %35,5 artarak 204,6 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bu art\u0131\u015flar ve d\u00f6nem zarar\u0131 nedeniyle \u00f6zkaynaklar %30,2 azalarak 178,4 milyon TL&#8217;ye d\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/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<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>336.205.520<\/td>\n<td>291.763.163<\/td>\n<td>%15,2<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>84.291.034<\/td>\n<td>144.448.575<\/td>\n<td>-%41,6<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>420.496.554<\/b><\/td>\n<td><b>436.211.738<\/b><\/td>\n<td><b>-%3,6<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>204.592.850<\/td>\n<td>150.938.577<\/td>\n<td>%35,5<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>37.500.200<\/td>\n<td>29.512.649<\/td>\n<td>%27,1<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>242.093.050<\/b><\/td>\n<td><b>180.451.227<\/b><\/td>\n<td><b>%34,1<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>178.403.504<\/b><\/td>\n<td><b>255.760.512<\/b><\/td>\n<td><b>-%30,2<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>420.496.554<\/b><\/td>\n<td><b>436.211.738<\/b><\/td>\n<td><b>-%3,6<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Nakit Ak\u0131\u015f Tablosu Analizi<\/h3>\n<p>2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda Grup, i\u015fletme faaliyetlerinden 176,3 milyon TL negatif nakit ak\u0131\u015f\u0131 yaratm\u0131\u015ft\u0131r. Bu durum, d\u00f6nem zarar\u0131 ve ticari alacaklar ile stoklardaki art\u0131\u015ftan kaynaklanmaktad\u0131r. Yat\u0131r\u0131m faaliyetlerinden, 79,1 milyon TL tutar\u0131ndaki maddi duran varl\u0131k sat\u0131\u015f\u0131 sayesinde 42,7 milyon TL pozitif nakit ak\u0131\u015f\u0131 sa\u011flanm\u0131\u015ft\u0131r. Finansman faaliyetlerinden ise 179,5 milyon TL yeni kredi al\u0131nmas\u0131yla 135,6 milyon TL net nakit giri\u015fi elde edilmi\u015ftir. Sonu\u00e7 olarak, d\u00f6nem ba\u015f\u0131ndaki 3,6 milyon TL&#8217;lik nakit ve nakit benzerleri, d\u00f6nem sonunda 6,4 milyon TL&#8217;ye y\u00fckselmi\u015ftir.<\/p>\n<h2>Y\u00f6netim Kurulu De\u011ferlendirmeleri ve Stratejik Geli\u015fmeler<\/h2>\n<h3>Faaliyet Sonu\u00e7lar\u0131na \u0130li\u015fkin De\u011ferlendirme<\/h3>\n<p>Y\u00f6netim Kurulu Faaliyet Raporu&#8217;nda 2025 y\u0131l\u0131n\u0131n ilk dokuz ayl\u0131k d\u00f6nemindeki geli\u015fimin istenilen seviyede olmad\u0131\u011f\u0131 vurgulanm\u0131\u015ft\u0131r. Raporda, &#8220;Zarar\u0131n temel nedenlerinden biri \u0130srail\u2019e yap\u0131lan ihracat\u0131n yasaklanm\u0131\u015f olmas\u0131d\u0131r. Bu durum ciro performans\u0131n\u0131 etkilemi\u015ftir&#8221; ifadesine yer verilmi\u015ftir. Hammadde ve i\u015f\u00e7ilik maliyetlerindeki art\u0131\u015flara y\u00f6nelik zaman\u0131nda tedbirler al\u0131nd\u0131\u011f\u0131 ve bu tedbirlerin firman\u0131n verimlili\u011finin olumsuz etkilenmesini engelleyerek esas faaliyet k\u00e2r\u0131n\u0131n korunmas\u0131na yard\u0131mc\u0131 oldu\u011fu belirtilmi\u015ftir.<\/p>\n<h3>Sermaye Art\u0131r\u0131m\u0131 Ba\u015fvurusu<\/h3>\n<p>Grup, 180 milyon TL olan kay\u0131tl\u0131 sermaye tavan\u0131 i\u00e7erisinde, 59.062.500 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini, 59.062.500 TL bedelli ve 59.062.500 TL bedelsiz olmak \u00fczere toplamda %200 art\u0131rarak 177.187.500 TL&#8217;ye \u00e7\u0131karmak amac\u0131yla 27 Haziran 2024 tarihinde Sermaye Piyasas\u0131 Kurulu&#8217;na (SPK) ba\u015fvuruda bulunmu\u015ftur. Ba\u015fvurunun sonucu hen\u00fcz netle\u015fmemi\u015ftir.<\/p>\n<h3>Risk Y\u00f6netimi ve Beklentiler<\/h3>\n<p>Y\u00f6netim, kur, faiz ve hammadde fiyatlar\u0131ndaki dalgalanmalara kar\u015f\u0131 \u00e7e\u015fitli tedbirler ald\u0131\u011f\u0131n\u0131 belirtmektedir. Bu tedbirler aras\u0131nda;<\/p>\n<ul>\n<li>Sat\u0131\u015f iskontolar\u0131n\u0131n ve vadelerin d\u00fc\u015f\u00fcr\u00fclmesi,<\/li>\n<li>Alacaklar\u0131n tahsilat s\u00fcrelerinin k\u0131salt\u0131lmas\u0131,<\/li>\n<li>A\u00e7\u0131k pozisyon yaratmamak ad\u0131na d\u00f6viz kredilerinin TL kredilere d\u00f6n\u00fc\u015ft\u00fcr\u00fclerek faiz giderinin azalt\u0131lmas\u0131 yer almaktad\u0131r.<\/li>\n<\/ul>\n<p>\u0130leriye d\u00f6n\u00fck risklerin engellenmesi i\u00e7in ise alacak tahsilat\u0131n\u0131n h\u0131zland\u0131r\u0131lmas\u0131, \u00fcretimin ve cironun art\u0131r\u0131lmas\u0131, a\u00e7\u0131k pozisyon yarat\u0131lmamas\u0131 ve ihracat gelirlerinin y\u00fckseltilmesi hedeflenmektedir.<\/p>\n<h2>\u00d6nemli Dipnot Bilgileri<\/h2>\n<h3>Finansal Bor\u00e7lanmalar<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Grubun toplam banka kredileri 138,2 milyon TL&#8217;dir ve tamam\u0131 k\u0131sa vadelidir. Bu borcun \u00f6nemli bir k\u0131sm\u0131 Avro cinsindendir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Para Birimi<\/td>\n<td>30 Eyl\u00fcl 2025 (TL Kar\u015f\u0131l\u0131\u011f\u0131)<\/td>\n<td>Nominal Faiz Aral\u0131\u011f\u0131<\/td>\n<\/tr>\n<tr>\n<td>Avro<\/td>\n<td>137.786.665<\/td>\n<td>%6,65 &#8211; %9,25 ve de\u011fi\u015fken<\/td>\n<\/tr>\n<tr>\n<td>T\u00fcrk Liras\u0131<\/td>\n<td>398.165<\/td>\n<td>%16,52 ve de\u011fi\u015fken<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><b>138.184.830<\/b><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Kur Riski<\/h3>\n<p>Grubun 30 Eyl\u00fcl 2025 itibar\u0131yla 121,5 milyon TL tutar\u0131nda net paras\u0131 olmayan kalemler yabanc\u0131 para y\u00fck\u00fcml\u00fcl\u00fck pozisyonu bulunmaktad\u0131r. Yap\u0131lan duyarl\u0131l\u0131k analizine g\u00f6re, yabanc\u0131 para birimlerinin TL kar\u015f\u0131s\u0131nda %10 de\u011fer kazanmas\u0131, Grubun k\u00e2r\/zarar\u0131n\u0131 yakla\u015f\u0131k 11,4 milyon TL olumsuz etkileme potansiyeline sahiptir.<\/p>\n<h3>\u00dcst D\u00fczey Y\u00f6neticilere Sa\u011flanan Faydalar<\/h3>\n<p>01.01.2025 &#8211; 30.09.2025 d\u00f6neminde \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan \u00fccret, huzur hakk\u0131 gibi mali menfaatlerin toplam tutar\u0131 3.310.569 TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>9 Ayl\u0131k \u00dccret Toplam\u0131 (TL)<\/td>\n<\/tr>\n<tr>\n<td>Orhan D\u0130LBERO\u011eLU<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>1.080.000,00<\/td>\n<\/tr>\n<tr>\n<td>Natan KOHEN<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Yard\u0131mc\u0131s\u0131<\/td>\n<td>720.000,00<\/td>\n<\/tr>\n<tr>\n<td>Mehmet \u00c7\u0130YDEM<\/td>\n<td>Genel M\u00fcd\u00fcr<\/td>\n<td>618.500,12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<button class=\"simplefavorite-button\" data-postid=\"652\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **\u0130zmir F\u0131r\u00e7a Sanayi ve Ticaret A.\u015e.** \u015firketinin **2025 y\u0131l\u0131n\u0131n ilk dokuz ayl\u0131k d\u00f6nemini** kapsayan y\u00f6netim kurulu faaliyet raporudur. Raporda kurumun **sermaye yap\u0131s\u0131**, y\u00f6netim kurulu \u00fcyeleri ve bu y\u00f6neticilere sa\u011flanan **mali haklar** detayl\u0131 bir \u015fekilde listelenmektedir. \u015eirket bu s\u00fcre\u00e7te **\u0130srail&#8217;e y\u00f6nelik ihracat yasa\u011f\u0131** ve artan maliyetler nedeniyle yakla\u015f\u0131k **80 milyon TL zarar** a\u00e7\u0131klam\u0131\u015f, ancak esas faaliyet k\u00e2r\u0131n\u0131 korumak i\u00e7in \u00e7e\u015fitli \u00f6nlemler alm\u0131\u015ft\u0131r. Finansal verilerde **enflasyon muhasebesi** standartlar\u0131 uygulanm\u0131\u015f olup, \u00f6z kaynaklar\u0131n durumu ve planlanan **bedelli\/bedelsiz sermaye art\u0131r\u0131m\u0131** s\u00fcre\u00e7lerine dair bilgiler sunulmu\u015ftur. Ayr\u0131ca ba\u011fl\u0131 ortakl\u0131klar, **risk y\u00f6netim komitelerinin** \u00e7al\u0131\u015fmalar\u0131 ve \u015firketin operasyonel hedefleri de belgede yer alan di\u011fer kritik ba\u015fl\u0131klar aras\u0131ndad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":767,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[149],"class_list":["post-652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-izfas"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/652","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=652"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/652\/revisions"}],"predecessor-version":[{"id":768,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/652\/revisions\/768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/767"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}