{"id":656,"date":"2025-12-28T03:17:38","date_gmt":"2025-12-28T00:17:38","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=656"},"modified":"2025-12-31T00:44:38","modified_gmt":"2025-12-30T21:44:38","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-issen-isbir-sentetik-dokuma-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/656","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #ISSEN | \u0130\u015fbir Sentetik Dokuma Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"ISSEN\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/tjgDPfxiU1E?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>\u0130\u015fbir Sentetik&#8217;in Finansal Raporundan \u00c7\u0131kar\u0131lacak 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ders<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye<\/h3>\n<p>Finansal raporlar, genellikle rakamlarla dolu, yo\u011fun ve anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak dikkatli bir g\u00f6zle incelendi\u011finde, bir \u015firketin stratejisi, kar\u015f\u0131la\u015ft\u0131\u011f\u0131 zorluklar ve i\u00e7inde faaliyet g\u00f6sterdi\u011fi ekonomik ortama dair b\u00fcy\u00fcleyici hikayeler anlat\u0131rlar. Bu belgeler, sadece ge\u00e7mi\u015f performans\u0131 de\u011fil, ayn\u0131 zamanda gelece\u011fe y\u00f6nelik ipu\u00e7lar\u0131n\u0131 da bar\u0131nd\u0131r\u0131r.<\/p>\n<p>T\u00fcrkiye sanayisinin k\u00f6kl\u00fc ve \u00f6nemli oyuncular\u0131ndan biri olan \u0130\u015fbir Sentetik Dokuma Sanayi A.\u015e., 1968 y\u0131l\u0131nda Bal\u0131kesir&#8217;de kurulmu\u015f bir \u015firkettir. Sekt\u00f6r\u00fcndeki uzun ge\u00e7mi\u015fi ve tecr\u00fcbesiyle bilinen \u0130\u015fbir&#8217;in 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131n\u0131 kapsayan son finansal raporu, i\u015f d\u00fcnyas\u0131ndaki yayg\u0131n ba\u015far\u0131 ezberlerini bozan, sezgilere ayk\u0131r\u0131 sonu\u00e7lar bar\u0131nd\u0131r\u0131yor. Bu makalede, bu kapsaml\u0131 rapordan \u00e7\u0131kar\u0131lacak en \u015fa\u015f\u0131rt\u0131c\u0131 ve d\u00fc\u015f\u00fcnd\u00fcr\u00fcc\u00fc d\u00f6rt dersi sizler i\u00e7in dam\u0131tt\u0131k.<\/p>\n<h3>1. Sat\u0131\u015flar Artarken Nas\u0131l Neredeyse 1 Milyar TL Zarar Edilir?<\/h3>\n<p>\u0130lk bak\u0131\u015fta \u0130\u015fbir Sentetik&#8217;in operasyonel performans\u0131 olduk\u00e7a g\u00fc\u00e7l\u00fc g\u00f6r\u00fcn\u00fcyor. <code>Net Sat\u0131\u015flar<\/code> kalemi, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re 3,52 milyar TL&#8217;den 3,66 milyar TL&#8217;ye y\u00fckselmi\u015f. Daha da \u00f6nemlisi, \u015firketin ana faaliyet alan\u0131ndaki k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steren <code>Esas Faaliyet K\u00e2r\u0131<\/code> kalemi, 471 milyon TL&#8217;den 636 milyon TL&#8217;ye \u00e7\u0131karak \u00f6nemli bir art\u0131\u015f kaydetmi\u015f. Bu rakamlar, \u015firketin \u00fcretim ve sat\u0131\u015f operasyonlar\u0131nda ba\u015far\u0131l\u0131 oldu\u011funu g\u00f6steriyor.<\/p>\n<p>Ancak tablonun b\u00fct\u00fcn\u00fcne bak\u0131ld\u0131\u011f\u0131nda \u015fa\u015f\u0131rt\u0131c\u0131 bir tezat ortaya \u00e7\u0131k\u0131yor: Bu g\u00fc\u00e7l\u00fc operasyonel performansa ra\u011fmen, \u015firket yakla\u015f\u0131k 898 milyon TL&#8217;lik bir <code>Net D\u00f6nem Zarar\u0131<\/code> bildirdi. Bu, ge\u00e7en y\u0131lki 33 milyon TL&#8217;lik k\u00e2ra k\u0131yasla dramatik bir geri d\u00f6n\u00fc\u015f anlam\u0131na geliyor. Peki, bu \u00e7eli\u015fkinin sebebi ne? Cevap, \u015firketin ana faaliyetlerinde de\u011fil, finansal tablolar\u0131n daha derinlerinde yat\u0131yor. <code>Finansman Giderleri<\/code> kalemi iki kattan fazla artarak bu devasa zarar\u0131n ana sorumlusu olmu\u015f. Bu giderin en b\u00fcy\u00fck bile\u015feni ise 817 milyon TL&#8217;ye ula\u015fan <code>Kur Fark\u0131 Giderleri<\/code>.<\/p>\n<p>Bu durum, operasyonel olarak sa\u011fl\u0131kl\u0131 ve k\u00e2rl\u0131 bir \u015firketin bile, \u00f6zellikle kur dalgalanmalar\u0131 gibi makroekonomik \u015foklara kar\u015f\u0131 ne kadar k\u0131r\u0131lgan olabilece\u011finin somut bir kan\u0131t\u0131d\u0131r.<\/p>\n<h3>2. Kasa Nakitle Dolarken Bor\u00e7lar Neden T\u0131rman\u0131\u015fa Ge\u00e7ti?<\/h3>\n<p>\u0130\u015fbir Sentetik&#8217;in bilan\u00e7osu, bir ba\u015fka ilgi \u00e7ekici paradoksu daha g\u00f6zler \u00f6n\u00fcne seriyor. 31 Aral\u0131k 2024 ile 30 Eyl\u00fcl 2025 aras\u0131ndaki dokuz ayl\u0131k d\u00f6neme bak\u0131ld\u0131\u011f\u0131nda iki veri noktas\u0131 dikkat \u00e7ekiyor. \u0130lk olarak, <code>Nakit ve Benzeri Varl\u0131klar<\/code> kalemi neredeyse ikiye katlanarak 729 milyon TL&#8217;den 1,4 milyar TL gibi dikkat \u00e7ekici bir seviyeye ula\u015fm\u0131\u015f.<\/p>\n<p>Ancak ayn\u0131 d\u00f6nemde, <code>K\u0131sa vadeli bor\u00e7lanmalar<\/code> da iki kattan fazla artarak 944 milyon TL&#8217;den 2,2 milyar TL&#8217;ye t\u0131rmanm\u0131\u015f. Bu iki veri yan yana konuldu\u011funda, kasadaki nakit art\u0131\u015f\u0131n\u0131n operasyonel k\u00e2rlardan de\u011fil, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde yeni bor\u00e7lanmadan kaynakland\u0131\u011f\u0131 anla\u015f\u0131l\u0131yor. Nitekim, Nakit Ak\u0131\u015f Tablosu&#8217;ndaki 2,6 milyar TL&#8217;lik <code>Bor\u00e7lanmadan kaynaklanan nakit giri\u015fleri<\/code> kalemi bu durumu teyit ediyor.<\/p>\n<p>Bir \u015firket neden hem borcunu hem de nakit varl\u0131\u011f\u0131n\u0131 bu kadar h\u0131zl\u0131 art\u0131r\u0131r? Bu strateji, \u015firketin belirsiz bir ekonomik iklimde likiditeyi g\u00fcvence alt\u0131na almak ve potansiyel yat\u0131r\u0131m f\u0131rsatlar\u0131 i\u00e7in bir sava\u015f sand\u0131\u011f\u0131 olu\u015fturmak \u00fczere att\u0131\u011f\u0131 bilin\u00e7li bir ad\u0131md\u0131r. Bu \u00f6rnek, bilan\u00e7oda y\u00fcksek bir nakit bakiyesinin tek ba\u015f\u0131na her zaman hikayenin tamam\u0131n\u0131 anlatmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131k\u00e7a g\u00f6steriyor.<\/p>\n<h3>3. T\u00fcrkiye&#8217;nin &#8216;Big Bag&#8217; Arenas\u0131ndaki Ezici \u00dcst\u00fcnl\u00fc\u011f\u00fc<\/h3>\n<p>\u015eirketin finansallar\u0131ndan bir an i\u00e7in uzakla\u015f\u0131p faaliyet g\u00f6sterdi\u011fi sekt\u00f6r\u00fcn geneline bakt\u0131\u011f\u0131m\u0131zda, T\u00fcrkiye&#8217;nin \u00fcretim g\u00fcc\u00fcne dair etkileyici bir tabloyla kar\u015f\u0131la\u015f\u0131yoruz. Raporda yer alan T\u00dc\u0130K verileri, \u0130\u015fbir&#8217;in ana \u00fcr\u00fcnlerinden biri olan <code>Big Bag<\/code> (end\u00fcstriyel b\u00fcy\u00fck \u00e7uval) pazar\u0131nda T\u00fcrkiye&#8217;nin ne kadar bask\u0131n bir oyuncu oldu\u011funu ortaya koyuyor.<\/p>\n<p>2025&#8217;in ilk dokuz ay\u0131nda T\u00fcrkiye, yakla\u015f\u0131k 38 milyon kilogram <code>Big Bag<\/code> ihra\u00e7 etmi\u015f. Ayn\u0131 d\u00f6nemde yap\u0131lan ithalat ise sadece 101 bin kilogram seviyesinde kalm\u0131\u015f. Bu, inan\u0131lmaz bir ihracat-ithalat dengesizli\u011fine i\u015faret ediyor. Rakamlar\u0131 oranlarsak, T\u00fcrkiye&#8217;nin ithal etti\u011fi her 1 kilogram <code>Big Bag<\/code> kar\u015f\u0131l\u0131\u011f\u0131nda 370 kilogramdan fazla ihra\u00e7 etti\u011fi g\u00f6r\u00fcl\u00fcyor.<\/p>\n<p>Bu ezici pazar pay\u0131, \u0130\u015fbir&#8217;in operasyonel g\u00fcc\u00fcn\u00fcn ve 3,66 milyar TL&#8217;lik y\u00fcksek sat\u0131\u015f rakamlar\u0131n\u0131n temelini olu\u015fturur. Ancak madalyonun di\u011fer y\u00fcz\u00fcnde, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde ihracata dayal\u0131 bu model (toplam sat\u0131\u015flar\u0131n %64&#8217;\u00fc yurt d\u0131\u015f\u0131 kaynakl\u0131d\u0131r), \u015firketi kur dalgalanmalar\u0131n\u0131n insaf\u0131na b\u0131rakmakta ve ilk b\u00f6l\u00fcmde inceledi\u011fimiz devasa finansal zarar\u0131n ana nedenini olu\u015fturmaktad\u0131r.<\/p>\n<h3>4. Enflasyonun G\u00f6r\u00fcnmez Maliyeti: 405 Milyon TL&#8217;lik &#8216;Parasal Kay\u0131p&#8217;<\/h3>\n<p>Y\u00fcksek enflasyon ortamlar\u0131nda faaliyet g\u00f6steren \u015firketler i\u00e7in finansal raporlama, T\u00fcrkiye Muhasebe Standard\u0131 29 (TMS 29) gibi \u00f6zel kurallar gerektirir. Bu standard\u0131n amac\u0131, finansal tablolar\u0131 paran\u0131n sat\u0131n alma g\u00fcc\u00fcndeki de\u011fi\u015fimlere g\u00f6re d\u00fczelterek daha anlaml\u0131 hale getirmektir. \u0130\u015fbir&#8217;in raporu, bu d\u00fczeltmenin ne kadar \u00e7arp\u0131c\u0131 sonu\u00e7lar do\u011furabilece\u011fini g\u00f6steren bir ders niteli\u011finde.<\/p>\n<p>Gelir tablosunda yer alan <code>Parasal (kay\u0131p)\/ kazan\u00e7<\/code> kalemi, tam olarak 405 milyon TL&#8217;lik bir kayba i\u015faret ediyor. Peki bu ne anlama geliyor? Basit\u00e7e ifade etmek gerekirse, bu nakit \u00e7\u0131k\u0131\u015f\u0131 gerektirmeyen, tamamen muhasebesel bir zarard\u0131r. \u015eirketin elinde tuttu\u011fu nakit, banka mevduatlar\u0131 ve ticari alacaklar gibi &#8220;parasal varl\u0131klar\u0131n&#8221; de\u011ferinin, y\u0131l i\u00e7indeki y\u00fcksek enflasyon nedeniyle erimesini temsil eder. Yani \u015firket, tek bir operasyonel hata yapmasa bile, sadece parasal varl\u0131klar\u0131n\u0131 enflasyonist bir ortamda tuttu\u011fu i\u00e7in k\u00e2\u011f\u0131t \u00fczerinde y\u00fcz milyonlarca liral\u0131k bir kay\u0131pla y\u00fczle\u015fmek zorunda kalm\u0131\u015ft\u0131r. Bu, y\u00fcksek enflasyon ekonomisinde i\u015f yapman\u0131n g\u00f6r\u00fcnmez ama son derece ger\u00e7ek maliyetlerinden biridir.<\/p>\n<h3>Sonu\u00e7: Bilan\u00e7onun \u00d6tesine Bakmak<\/h3>\n<p>\u0130\u015fbir Sentetik&#8217;in 2025 y\u0131l\u0131 dokuz ayl\u0131k finansal raporu, bir \u015firketin hikayesinin dipteki net k\u00e2r veya zarar rakam\u0131ndan \u00e7ok daha fazlas\u0131 oldu\u011funu kan\u0131tl\u0131yor. Rapor, bir yanda operasyonel g\u00fcc\u00fc, pazar hakimiyetini ve \u00fcretim kabiliyetini g\u00f6sterirken, di\u011fer yanda kur riski, bor\u00e7lanma stratejileri ve enflasyon gibi makroekonomik r\u00fczgarlar\u0131n bu g\u00fcc\u00fc nas\u0131l etkileyebilece\u011fini g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p>Bu \u00e7ok katmanl\u0131 anlat\u0131, bizlere finansal okuryazarl\u0131\u011f\u0131n \u00f6nemini ve rakamlar\u0131n ard\u0131ndaki stratejiyi anlama gereklili\u011fini bir kez daha hat\u0131rlat\u0131yor. Peki, bir \u015firketin ger\u00e7ek performans\u0131n\u0131 de\u011ferlendirirken, tek bir k\u00e2r rakam\u0131na odaklanmak ne kadar yan\u0131lt\u0131c\u0131 olabilir?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">\u0130\u015fbir Sentetik Dokuma Sanayi A.\u015e. Faaliyet Raporu ve Finansal Tablolar Analizi (30 Eyl\u00fcl 2025)<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, \u0130\u015fbir Sentetik Dokuma Sanayi A.\u015e. ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (&#8220;Grup&#8221;) 30 Eyl\u00fcl 2025 tarihinde sona eren dokuz ayl\u0131k ara d\u00f6neme ait finansal ve operasyonel performans\u0131n\u0131, faaliyet raporu ve konsolide finansal tablolara dayanarak analiz etmektedir.<\/p>\n<p>D\u00f6nemin en kritik bulgular\u0131, Grup&#8217;un operasyonel k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rmas\u0131na ra\u011fmen, y\u00fcksek finansman giderleri ve enflasyon muhasebesi kaynakl\u0131 parasal kay\u0131plar nedeniyle \u00f6nemli bir net zarara u\u011framas\u0131d\u0131r. Net sat\u0131\u015flar ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re artarak 3,66 milyar TL&#8217;ye ula\u015fm\u0131\u015f, esas faaliyet k\u00e2r\u0131 ise %35 art\u0131\u015fla 636 milyon TL olarak ger\u00e7ekle\u015fmi\u015ftir. Ancak, 1,05 milyar TL&#8217;lik finansman gideri ve 405 milyon TL&#8217;lik parasal kay\u0131p, 32,8 milyon TL&#8217;lik net k\u00e2rdan 897,7 milyon TL&#8217;lik net zarara ge\u00e7i\u015fe neden olmu\u015ftur.<\/p>\n<p>Finansal yap\u0131 a\u00e7\u0131s\u0131ndan, Grubun toplam varl\u0131klar\u0131 10,2 milyar TL&#8217;ye y\u00fckselirken, toplam y\u00fck\u00fcml\u00fcl\u00fcklerindeki art\u0131\u015f daha belirgin olmu\u015f ve bor\u00e7luluk oran\u0131 (Toplam Bor\u00e7 \/ Toplam Varl\u0131klar) %34&#8217;ten %50&#8217;ye \u00e7\u0131km\u0131\u015ft\u0131r. Bu durum, \u00f6zkaynaklar\u0131n 6 milyar TL&#8217;den 5,1 milyar TL&#8217;ye gerilemesine yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n<p>Kurumsal olarak, \u0130\u015fbir Holding A.\u015e.&#8217;nin %76,42&#8217;lik pay ile ana hissedar oldu\u011fu \u015firket, yurt i\u00e7i ve yurt d\u0131\u015f\u0131 i\u015ftirakleriyle end\u00fcstriyel ambalaj ve teknik tekstil sekt\u00f6rlerinde faaliyet g\u00f6stermeye devam etmektedir. \u015eirket, kurumsal y\u00f6netim ilkelerine uyum \u00e7er\u00e7evesinde gerekli komiteleri ve yat\u0131r\u0131mc\u0131 ili\u015fkileri birimini olu\u015fturmu\u015ftur.<\/p>\n<h2>B\u00f6l\u00fcm 1: Kurumsal Profil ve Y\u00f6netim Yap\u0131s\u0131<\/h2>\n<h3>\u015eirket Bilgileri ve Faaliyet Alan\u0131<\/h3>\n<p>1968 y\u0131l\u0131nda Bal\u0131kesir&#8217;de kurulan \u0130\u015fbir Sentetik Dokuma Sanayi A.\u015e., end\u00fcstriyel ambalaj ve teknik tekstil sekt\u00f6rlerinde faaliyet g\u00f6stermektedir. \u015eirketin ana faaliyet konusu, polipropilen ve polietilen hammaddelerinden entegre bir sistemle Big Bag (Y\u00fcksek Mukavemetli Ambalaj) ve hal\u0131 taban\u0131 \u00fcretimi, sat\u0131\u015f\u0131, ithalat\u0131 ve ihracat\u0131d\u0131r.<\/p>\n<ul>\n<li><b>Ana \u00dcr\u00fcnler:<\/b> Bigbag ve Hal\u0131taban\u0131.<\/li>\n<li><b>Yan \u00dcr\u00fcnler:<\/b> Entegre tesislerde i\u00e7 t\u00fcketim i\u00e7in \u00fcretilen PE Film ve Compound mamullerinin \u00fcretim fazlas\u0131 ve \u00e7e\u015fitli ara \u00fcr\u00fcnler.<\/li>\n<li><b>\u00dcretim Tesisleri:<\/b> Bal\u0131kesir il s\u0131n\u0131rlar\u0131 i\u00e7inde 4 farkl\u0131 lokasyonda fabrika binas\u0131 ve Hindistan&#8217;da %99 i\u015ftiraki olan \u0130\u015fbir Mewar tesisi bulunmaktad\u0131r. Ayr\u0131ca yerel fason \u00fcreticilerle de \u00e7al\u0131\u015f\u0131lmaktad\u0131r.<\/li>\n<li><b>Genel Merkez:<\/b> \u00c7ay\u0131rhisar Mahallesi Yeni \u0130zmir Caddesi No:29 Alt\u0131eyl\u00fcl \/ Bal\u0131kesir.<\/li>\n<li><b>Borsa Bilgileri:<\/b> \u015eirket hisseleri, 18 Kas\u0131m 2021 tarihinden itibaren Borsa \u0130stanbul Y\u0131ld\u0131z Pazar\u2019da i\u015flem g\u00f6rmektedir.<\/li>\n<\/ul>\n<h3>Ortakl\u0131k Yap\u0131s\u0131 ve \u0130\u015ftirakler<\/h3>\n<p>\u015eirket, kay\u0131tl\u0131 sermaye sistemine tabi olup kay\u0131tl\u0131 sermaye tavan\u0131 987.975.525 TL, \u00f6denmi\u015f sermayesi ise 424.397.982 TL&#8217;dir. Ana orta\u011f\u0131 \u0130\u015fbir Holding A.\u015e.&#8217;dir.<\/p>\n<p><b>Ortakl\u0131k Yap\u0131s\u0131 (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Hissedar<\/td>\n<td>Ortakl\u0131k Oran\u0131 (%)<\/td>\n<td>Ortakl\u0131k Tutar\u0131 (TL)<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Holding A.\u015e.<\/td>\n<td>76,42<\/td>\n<td>324.319.731<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir S\u00fcnger A.\u015e.<\/td>\n<td>2,14<\/td>\n<td>9.083.920<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>17,50<\/td>\n<td>74.275.839<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer<\/td>\n<td>3,94<\/td>\n<td>16.718.492<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6denmi\u015f Sermaye<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<td><b>424.397.982<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Ba\u011fl\u0131 Ortakl\u0131klar (30 Eyl\u00fcl 2025)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u0130\u015ftirak Ad\u0131<\/td>\n<td>Faaliyet Konusu<\/td>\n<td>Kurulu\u015f Yeri<\/td>\n<td>Ortakl\u0131k Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Inter Tekstil Ambalaj Sanayi ve Ticaret A.\u015e.<\/td>\n<td>Laminasyon, iplik, dokuma \u00fcretimi<\/td>\n<td>T\u00fcrkiye<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015ftek Teknik Bak\u0131m San. ve Tic. Ltd. \u015eti.<\/td>\n<td>Makine bak\u0131m onar\u0131m hizmeti<\/td>\n<td>T\u00fcrkiye<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Bulk Bag USA LLC<\/td>\n<td>Big bag al\u0131m\u0131 ve sat\u0131\u015f\u0131<\/td>\n<td>Amerika<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Bulk Bag UK Ltd.<\/td>\n<td>Big bag al\u0131m\u0131 ve sat\u0131\u015f\u0131<\/td>\n<td>\u0130ngiltere<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Bulk Bag Israel Ltd.<\/td>\n<td>Big bag al\u0131m\u0131 ve sat\u0131\u015f\u0131<\/td>\n<td>\u0130srail<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Bulk Bag Deutschland GmbH<\/td>\n<td>Big bag al\u0131m\u0131 ve sat\u0131\u015f\u0131<\/td>\n<td>Almanya<\/td>\n<td>100<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u015fbir Mewar Private Ltd.<\/td>\n<td>Big bag ve hal\u0131 taban\u0131 \u00fcretimi ve sat\u0131\u015f\u0131<\/td>\n<td>Hindistan<\/td>\n<td>99<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Y\u00f6netim Kurulu ve Komiteler<\/h3>\n<p>\u015eirketin y\u00f6netim kurulu ve komiteleri, kurumsal y\u00f6netim ilkeleri \u00e7er\u00e7evesinde yap\u0131land\u0131r\u0131lm\u0131\u015ft\u0131r.<\/p>\n<p><b>Y\u00f6netim Kurulu \u00dcyeleri (15\/04\/2025 itibar\u0131yla)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>Mevcut G\u00f6revi<\/td>\n<td>G\u00f6rev S\u00fcresi<\/td>\n<\/tr>\n<tr>\n<td>Mustafa \u00d6ZPEHL\u0130VAN<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Ediz K\u00d6KL\u00dc<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Vekili<\/td>\n<td>3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Ersen \u00c7EL\u0130K<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>B\u00fclent G\u00dcRSOY<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>1 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Hasan GED\u0130K<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>1 Y\u0131l<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u015eirket b\u00fcnyesinde Denetimden Sorumlu Komite, Kurumsal Y\u00f6netim Komitesi ve Riskin Erken Saptanmas\u0131 Komitesi bulunmaktad\u0131r. Komite ba\u015fkanl\u0131klar\u0131 icrac\u0131 olmayan \u00fcyeler taraf\u0131ndan y\u00fcr\u00fct\u00fclmektedir.<\/p>\n<h3>\u00dcst Y\u00f6netim<\/h3>\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>Ersen \u00c7EL\u0130K<\/td>\n<td>Genel M\u00fcd\u00fcr<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zer OKER<\/td>\n<td>Mali \u0130\u015fler Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>Altu\u011f EK\u0130N\u0130L<\/td>\n<td>\u0130nsan Kaynaklar\u0131 Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>Murat HALICIO\u011eLU<\/td>\n<td>Stratejik Planlama ve Bilgi Teknolojileri Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>Do\u011fanay \u00c7ER\u00c7\u0130<\/td>\n<td>\u0130\u015f Geli\u015ftirme Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>S\u00fcleyman SARI<\/td>\n<td>Tedarik Zinciri Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>Asl\u0131 \u00d6Z<\/td>\n<td>Sat\u0131\u015f ve Pazarlama Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<tr>\n<td>Koray KASAP<\/td>\n<td>Sat\u0131n Alma Direkt\u00f6r\u00fc<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>30 Eyl\u00fcl 2025&#8217;te sona eren d\u00f6nemde y\u00f6netim kurulu ve \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan faydalar kapsam\u0131nda yap\u0131lan toplam \u00f6deme 28.228.804 TL&#8217;dir.<\/p>\n<h2>B\u00f6l\u00fcm 2: Ekonomik Ortam ve Sekt\u00f6rel Veriler<\/h2>\n<h3>Makroekonomik G\u00f6stergeler<\/h3>\n<p>Raporda Ekim 2025 sonu itibar\u0131yla T\u00fcrkiye ekonomisine dair baz\u0131 temel g\u00f6stergeler sunulmu\u015ftur:<\/p>\n<ul>\n<li><b>T\u00fcketici Fiyat Endeksi (T\u00dcFE) Art\u0131\u015f\u0131:<\/b> %32,87 (bir \u00f6nceki y\u0131l ayn\u0131 d\u00f6neme g\u00f6re)<\/li>\n<li><b>\u00dcretici Fiyat Endeksi (\u00dcFE) Art\u0131\u015f\u0131:<\/b> %27,00 (bir \u00f6nceki y\u0131l ayn\u0131 d\u00f6neme g\u00f6re)<\/li>\n<li><b>\u00c7ekirdek Enflasyon (C Endeksi):<\/b> %35,64 (Nisan sonu itibar\u0131yla bir \u00f6nceki y\u0131l ayn\u0131 d\u00f6neme g\u00f6re)<\/li>\n<li><b>T\u00fcketici G\u00fcveni:<\/b> 98,20 (Ekim 2025 d\u00f6nemi)<\/li>\n<\/ul>\n<h3>Sekt\u00f6rel D\u0131\u015f Ticaret Verileri (T\u00dc\u0130K)<\/h3>\n<p>\u015eirketin ana \u00fcr\u00fcn gruplar\u0131na ili\u015fkin T\u00fcrkiye geneli 2022-2025 y\u0131llar\u0131 aras\u0131ndaki ihracat ve ithalat verileri (KG cinsinden), T\u00fcrkiye&#8217;nin bu \u00fcr\u00fcnlerde net ihracat\u00e7\u0131 konumunda oldu\u011funu g\u00f6stermektedir.<\/p>\n<p><b>\u0130hracat Verileri (T\u00fcrkiye \u2013 KG)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>GT\u0130P Ad\u0131<\/td>\n<td>\u0130\u015fbir Ad\u0131<\/td>\n<td>2022<\/td>\n<td>2023<\/td>\n<td>2024<\/td>\n<td>2025*<\/td>\n<\/tr>\n<tr>\n<td>Polietilen\/Polipropilen \u015feritlerden esnek mafzalar<\/td>\n<td>Big Bag<\/td>\n<td>59.356.939<\/td>\n<td>45.444.155<\/td>\n<td>50.003.326<\/td>\n<td>37.861.948<\/td>\n<\/tr>\n<tr>\n<td>Polietilen, Polipropilen \u015ferit vb.den mensucat<\/td>\n<td>Hal\u0131taban\u0131<\/td>\n<td>17.445.494<\/td>\n<td>17.094.961<\/td>\n<td>19.012.684<\/td>\n<td>14.739.438<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer plastiklerden g\u00f6zenekli levha, yaprak<\/td>\n<td>PE Film<\/td>\n<td>21.510.890<\/td>\n<td>22.734.650<\/td>\n<td>25.208.736<\/td>\n<td>17.712.662<\/td>\n<\/tr>\n<tr>\n<td>Kau\u00e7uk ve plastikler i\u00e7in plastifiyan di\u011fer bile\u015fikler<\/td>\n<td>Compound<\/td>\n<td>604.431<\/td>\n<td>421.182<\/td>\n<td>349.902<\/td>\n<td>173.237<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><\/td>\n<td><b>98.917.754<\/b><\/td>\n<td><b>85.694.948<\/b><\/td>\n<td><b>94.574.648<\/b><\/td>\n<td><b>70.487.285<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u0130thalat Verileri (T\u00fcrkiye \u2013 KG)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>GT\u0130P Ad\u0131<\/td>\n<td>\u0130\u015fbir Ad\u0131<\/td>\n<td>2022<\/td>\n<td>2023<\/td>\n<td>2024<\/td>\n<td>2025*<\/td>\n<\/tr>\n<tr>\n<td>Polietilen\/Polipropilen \u015feritlerden esnek mafzalar<\/td>\n<td>Big Bag<\/td>\n<td>127.014<\/td>\n<td>141.607<\/td>\n<td>211.713<\/td>\n<td>101.490<\/td>\n<\/tr>\n<tr>\n<td>Polietilen, Polipropilen \u015ferit vb.den mensucat<\/td>\n<td>Hal\u0131taban\u0131<\/td>\n<td>2.083.943<\/td>\n<td>3.895.043<\/td>\n<td>3.836.962<\/td>\n<td>2.219.109<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer plastiklerden g\u00f6zenekli levha, yaprak<\/td>\n<td>PE Film<\/td>\n<td>8.330.626<\/td>\n<td>8.864.467<\/td>\n<td>7.049.039<\/td>\n<td>3.705.529<\/td>\n<\/tr>\n<tr>\n<td>Kau\u00e7uk ve plastikler i\u00e7in plastifiyan di\u011fer bile\u015fikler<\/td>\n<td>Compound<\/td>\n<td>11.571.028<\/td>\n<td>10.551.774<\/td>\n<td>13.533.045<\/td>\n<td>10.408.496<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><\/td>\n<td><b>22.112.611<\/b><\/td>\n<td><b>23.452.891<\/b><\/td>\n<td><b>24.630.759<\/b><\/td>\n<td><b>16.434.624<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>*2025 verileri 10.11.2025 tarihindeki T\u00dc\u0130K verileridir.<\/i><\/p>\n<h2>B\u00f6l\u00fcm 3: 2025 Y\u0131l\u0131 Dokuz Ayl\u0131k Finansal Performans Analizi<\/h2>\n<h3>\u00d6zet Gelir Tablosu ve K\u00e2rl\u0131l\u0131k<\/h3>\n<p>Grup, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda sat\u0131\u015flar\u0131n\u0131 art\u0131rmas\u0131na ra\u011fmen, finansman giderleri ve enflasyon muhasebesi etkileri nedeniyle net zarara d\u00f6nm\u00fc\u015ft\u00fcr.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u00d6zet Gelir Tablosu (TL)<\/td>\n<td>01.01-30.09.2025<\/td>\n<td>01.01-30.09.2024<\/td>\n<\/tr>\n<tr>\n<td><b>Net Sat\u0131\u015flar<\/b><\/td>\n<td><b>3.660.898.930<\/b><\/td>\n<td><b>3.527.057.533<\/b><\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti<\/td>\n<td>(2.976.289.701)<\/td>\n<td>(3.039.544.867)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td><b>684.609.229<\/b><\/td>\n<td><b>487.512.666<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td><b>636.037.050<\/b><\/td>\n<td><b>471.773.729<\/b><\/td>\n<\/tr>\n<tr>\n<td>Finansman Gelirleri<\/td>\n<td>248.670.305<\/td>\n<td>175.547.227<\/td>\n<\/tr>\n<tr>\n<td>Finansman Giderleri<\/td>\n<td>(1.053.678.521)<\/td>\n<td>(474.507.411)<\/td>\n<\/tr>\n<tr>\n<td>Parasal Kay\u0131p<\/td>\n<td>(405.464.604)<\/td>\n<td>(59.704.453)<\/td>\n<\/tr>\n<tr>\n<td><b>Vergi \u00d6ncesi Zarar \/ K\u00e2r<\/b><\/td>\n<td><b>(574.419.570)<\/b><\/td>\n<td><b>110.639.122<\/b><\/td>\n<\/tr>\n<tr>\n<td>Ertelenmi\u015f Vergi Gideri<\/td>\n<td>(323.354.832)<\/td>\n<td>(77.826.937)<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Zarar\u0131 \/ K\u00e2r\u0131<\/b><\/td>\n<td><b>(897.774.402)<\/b><\/td>\n<td><b>32.812.185<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Sat\u0131\u015flar:<\/b> Net sat\u0131\u015flar, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %3,8 artm\u0131\u015ft\u0131r. Big Bag sat\u0131\u015flar\u0131 cirodaki en b\u00fcy\u00fck pay\u0131 olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Operasyonel K\u00e2rl\u0131l\u0131k:<\/b> Sat\u0131\u015f maliyetlerindeki d\u00fc\u015f\u00fc\u015f ve operasyonel verimlilik sayesinde Esas Faaliyet K\u00e2r\u0131 %34,8 artm\u0131\u015ft\u0131r.<\/li>\n<li><b>Net Zarar:<\/b> Artan operasyonel performansa ra\u011fmen, finansman giderlerinin iki kat\u0131ndan fazla artmas\u0131 ve enflasyon muhasebesi (TMS 29) kaynakl\u0131 parasal kay\u0131p, \u015firketi \u00f6nemli \u00f6l\u00e7\u00fcde net zarara s\u00fcr\u00fcklemi\u015ftir.<\/li>\n<\/ul>\n<h3>\u00d6zet Bilan\u00e7o ve Mali Yap\u0131<\/h3>\n<p>Grup&#8217;un bilan\u00e7osu, varl\u0131klardaki b\u00fcy\u00fcmeye kar\u015f\u0131n y\u00fck\u00fcml\u00fcl\u00fcklerdeki daha h\u0131zl\u0131 art\u0131\u015f\u0131 ve \u00f6zkaynaklardaki erimeyi g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>\u00d6zet Bilan\u00e7o (TL)<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>4.462.037.419<\/td>\n<td>3.562.873.650<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>5.752.976.692<\/td>\n<td>5.479.430.221<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>10.215.014.111<\/b><\/td>\n<td><b>9.042.303.871<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>3.382.821.001<\/td>\n<td>2.032.642.137<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>1.702.598.314<\/td>\n<td>998.398.918<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>5.085.419.315<\/b><\/td>\n<td><b>3.031.041.055<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>5.129.974.900<\/b><\/td>\n<td><b>6.011.861.432<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>10.215.014.111<\/b><\/td>\n<td><b>9.042.303.871<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Varl\u0131klar:<\/b> Nakit ve benzeri varl\u0131klardaki yakla\u015f\u0131k %92&#8217;lik art\u0131\u015f dikkat \u00e7ekicidir. Toplam varl\u0131klar %13 artm\u0131\u015ft\u0131r.<\/li>\n<li><b>Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> K\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler %66, uzun vadeli y\u00fck\u00fcml\u00fcl\u00fckler ise %70 oran\u0131nda artm\u0131\u015ft\u0131r. Bu art\u0131\u015f b\u00fcy\u00fck \u00f6l\u00e7\u00fcde banka bor\u00e7lanmalar\u0131ndan kaynaklanmaktad\u0131r.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> D\u00f6nem net zarar\u0131 nedeniyle \u00f6zkaynaklar %14,7 oran\u0131nda azalm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>Finansal Rasyolar<\/h3>\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><b>Likidite Oranlar\u0131<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>1,32<\/td>\n<td>1,75<\/td>\n<\/tr>\n<tr>\n<td>Nakit Oran<\/td>\n<td>0,41<\/td>\n<td>0,36<\/td>\n<\/tr>\n<tr>\n<td><b>Mali Yap\u0131 Oranlar\u0131<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Toplam Bor\u00e7 \/ Toplam Varl\u0131klar<\/td>\n<td>0,50<\/td>\n<td>0,34<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynak \/ Toplam Varl\u0131klar<\/td>\n<td>0,50<\/td>\n<td>0,66<\/td>\n<\/tr>\n<tr>\n<td><b>K\u00e2rl\u0131l\u0131k Oranlar\u0131 (%)<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet K\u00e2r Marj\u0131<\/td>\n<td>17,37<\/td>\n<td>13,38<\/td>\n<\/tr>\n<tr>\n<td>FAV\u00d6K Marj\u0131<\/td>\n<td>20,56<\/td>\n<td>17,23<\/td>\n<\/tr>\n<tr>\n<td>Net K\u00e2r Marj\u0131<\/td>\n<td>-24,52<\/td>\n<td>0,93<\/td>\n<\/tr>\n<tr>\n<td><b>Hisse Ba\u015f\u0131na Kazan\u00e7 (TL)<\/b><\/td>\n<td>-0,0212<\/td>\n<td>0,0008<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Likidite:<\/b> Cari oran d\u00fc\u015fse de 1&#8217;in \u00fczerinde kalarak k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckleri kar\u015f\u0131lama g\u00fcc\u00fcn\u00fcn devam etti\u011fini g\u00f6stermektedir.<\/li>\n<li><b>Mali Yap\u0131:<\/b> Bor\u00e7luluk oran\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde artarak varl\u0131klar\u0131n yar\u0131s\u0131n\u0131n bor\u00e7larla finanse edildi\u011fini g\u00f6stermektedir.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131k:<\/b> Operasyonel k\u00e2rl\u0131l\u0131k marjlar\u0131 iyile\u015firken, net k\u00e2r marj\u0131n\u0131n negatife d\u00f6nmesi, finansal yap\u0131 ve enflasyonun k\u00e2rl\u0131l\u0131k \u00fczerindeki bask\u0131s\u0131n\u0131 ortaya koymaktad\u0131r.<\/li>\n<\/ul>\n<h2>B\u00f6l\u00fcm 4: \u0130li\u015fkili Taraf \u0130\u015flemleri<\/h2>\n<p>Grup, ili\u015fkili taraflarla ticari ve finansal i\u015flemler ger\u00e7ekle\u015ftirmektedir. En \u00f6nemli ili\u015fkili taraf, ana ortak \u0130\u015fbir Holding A.\u015e. taraf\u0131ndan kontrol edilen \u0130\u015fbir S\u00fcnger Sanayi A.\u015e.&#8217;dir.<\/p>\n<ul>\n<li><b>\u0130li\u015fkili Taraflardan Alacaklar:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla \u0130\u015fbir S\u00fcnger Sanayi A.\u015e.&#8217;den olan ticari alacaklar 9.400.986 TL&#8217;dir. Bu alacaklar \u00fcr\u00fcn, Ar-Ge proje ve hizmet sat\u0131\u015flar\u0131ndan kaynaklanmaktad\u0131r.<\/li>\n<li><b>\u0130li\u015fkili Taraflarla Yap\u0131lan Sat\u0131\u015flar:<\/b> 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda \u0130\u015fbir S\u00fcnger Sanayi A.\u015e.&#8217;ye yap\u0131lan mal ve hizmet sat\u0131\u015flar\u0131 toplam\u0131 18.790.175 TL olarak ger\u00e7ekle\u015fmi\u015ftir. (\u00d6nceki y\u0131l ayn\u0131 d\u00f6nem: 24.683.319 TL).<\/li>\n<li><b>Ortaklara Bor\u00e7lar:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla ortaklara olan 439.830 TL&#8217;lik bor\u00e7, temett\u00fc bor\u00e7lar\u0131ndan olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h2>B\u00f6l\u00fcm 5: Kurumsal Y\u00f6netim Uygulamalar\u0131<\/h2>\n<p>\u0130\u015fbir Sentetik, Sermaye Piyasas\u0131 Kurulu (SPK) taraf\u0131ndan belirlenen Kurumsal Y\u00f6netim \u0130lkeleri&#8217;ne uyum sa\u011flamak amac\u0131yla gerekli \u00e7al\u0131\u015fmalar\u0131 y\u00fcr\u00fctmektedir.<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri Birimi:<\/b> Pay sahipleri ile ili\u015fkileri y\u00fcr\u00fctmek \u00fczere bir Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri Birimi olu\u015fturulmu\u015ftur. Birim Y\u00f6neticisi \u0130brahim YILMAZ olup, Sermaye Piyasas\u0131 Faaliyetleri D\u00fczey 3 ve Kurumsal Y\u00f6netim Derecelendirme lisanslar\u0131na sahiptir.\n<ul>\n<li><b>\u0130leti\u015fim:<\/b> <code>yatirimci@isbirsentetik.com<\/code> \/ <code>0 266 283 00 00 \/ 4272<\/code><\/li>\n<\/ul>\n<\/li>\n<li><b>Komiteler:<\/b> Y\u00f6netim Kuruluna ba\u011fl\u0131 Denetim, Kurumsal Y\u00f6netim ve Riskin Erken Saptanmas\u0131 komiteleri kurulmu\u015f ve g\u00f6rev da\u011f\u0131l\u0131mlar\u0131 yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Bilgilendirme:<\/b> Pay sahipli\u011fi haklar\u0131n\u0131n sa\u011fl\u0131kl\u0131 kullan\u0131m\u0131 i\u00e7in gerekli olan bilgiler faaliyet raporlar\u0131, \u00f6zel durum a\u00e7\u0131klamalar\u0131 ve \u015firketin <code>www.isbirsentetik.com<\/code> adresindeki internet sitesi arac\u0131l\u0131\u011f\u0131yla kamuya duyurulmaktad\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"656\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **\u0130\u015fbir Sentetik Dokuma Sanayi A.\u015e.** firmas\u0131n\u0131n 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131n\u0131 kapsayan **ara d\u00f6nem faaliyet raporu** ve **konsolide finansal tablolar\u0131d\u0131r**. Kaynaklar, \u015firketin sanayi tipi ambalaj ve teknik tekstil alan\u0131ndaki **operasyonel performans\u0131n\u0131**, k\u00fcresel i\u015ftirak yap\u0131s\u0131n\u0131 ve g\u00fcncel **y\u00f6netim kurulu** kadrosunu detayland\u0131rmaktad\u0131r. Metinlerde, y\u00fcksek enflasyonun ekonomi \u00fczerindeki etkileri ile \u015firketin **Big Bag** ve **hal\u0131 taban\u0131** gibi ana \u00fcr\u00fcn gruplar\u0131ndaki ihracat verileri analiz edilmektedir. Finansal \u00f6zetler k\u0131sm\u0131nda, i\u015fletmenin varl\u0131k yap\u0131s\u0131, **bor\u00e7luluk oranlar\u0131** ve d\u00f6nem i\u00e7erisinde ya\u015fanan net k\u00e2r veya zarar durumlar\u0131 \u015feffaf bir \u015fekilde sunulmu\u015ftur. Ayr\u0131ca, Sermaye Piyasas\u0131 Kurulu d\u00fczenlemelerine uyum \u00e7er\u00e7evesinde haz\u0131rlanan **kurumsal y\u00f6netim** ilkeleri ve yat\u0131r\u0131mc\u0131 ili\u015fkileri faaliyetleri hakk\u0131nda kapsaml\u0131 bilgiler aktar\u0131lmaktad\u0131r. Son olarak, firman\u0131n stratejik hedefleri do\u011frultusunda ger\u00e7ekle\u015ftirdi\u011fi **finansal yat\u0131r\u0131mlar** ve ba\u011fl\u0131 ortakl\u0131klar\u0131yla olan ticari m\u00fcnasebetleri belgelenmektedir.<\/p>\n","protected":false},"author":1,"featured_media":769,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[150],"class_list":["post-656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-issen"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/656","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=656"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/656\/revisions"}],"predecessor-version":[{"id":770,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/656\/revisions\/770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/769"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}