{"id":694,"date":"2025-12-28T14:34:50","date_gmt":"2025-12-28T11:34:50","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=694"},"modified":"2025-12-31T01:14:39","modified_gmt":"2025-12-30T22:14:39","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-lydho-lydia-holding-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/694","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #LYDHO | Lydia Holding 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"LYDHO\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/7EyeP2N4BCQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Bir Faaliyet Raporundan \u00c7ok Daha Fazlas\u0131: Lydia Holding Hakk\u0131nda Muhtemelen Bilmedi\u011finiz 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h2>Giri\u015f<\/h2>\n<p>Merhaba, kurumsal d\u00fcnyan\u0131n derinliklerine dalmaya haz\u0131r m\u0131s\u0131n\u0131z? Genellikle faaliyet raporlar\u0131 denince akla gelen ilk \u015fey, sayfalar dolusu rakamlar, karma\u015f\u0131k tablolar ve g\u00f6z yoran dipnotlard\u0131r. \u00c7o\u011fumuz i\u00e7in bu raporlar, s\u0131k\u0131c\u0131 ve anla\u015f\u0131lmas\u0131 zor dok\u00fcmanlardan ibarettir.<\/p>\n<p>Ancak bazen, bu belgeler bir \u015firketin ge\u00e7irdi\u011fi inan\u0131lmaz d\u00f6n\u00fc\u015f\u00fcm\u00fcn, stratejik dehas\u0131n\u0131n ve gelece\u011fe y\u00f6nelik h\u0131rs\u0131n\u0131n izlerini ta\u015f\u0131yan birer hazine sand\u0131\u011f\u0131na d\u00f6n\u00fc\u015febilir. \u0130\u015fte Lydia Holding&#8217;in 30 Eyl\u00fcl 2025 tarihli faaliyet raporu, tam da b\u00f6yle bir hikaye anlat\u0131yor. Rakamlar\u0131n ve yasal metinlerin ard\u0131nda, T\u00fcrkiye i\u015f d\u00fcnyas\u0131 i\u00e7in ilham verici bir yeniden do\u011fu\u015f \u00f6yk\u00fcs\u00fc yat\u0131yor.<\/p>\n<p>Bu yaz\u0131da, raporun sat\u0131r aralar\u0131nda gizlenen en \u015fa\u015f\u0131rt\u0131c\u0131, etkileyici ve s\u0131ra d\u0131\u015f\u0131 d\u00f6rt detay\u0131 mercek alt\u0131na alaca\u011f\u0131z. Kemerlerinizi ba\u011flay\u0131n, \u00e7\u00fcnk\u00fc bu sadece bir finansal analiz de\u011fil, ayn\u0131 zamanda stratejik bir zekan\u0131n anatomisi olacak.<\/p>\n<h2>1. Y\u00f6netim Kadrosu De\u011fil, Adeta Bir &#8220;R\u00fcya Tak\u0131m&#8221;<\/h2>\n<p>Bir \u015firketin en de\u011ferli varl\u0131\u011f\u0131 \u015f\u00fcphesiz liderlik ekibidir. Stratejiyi belirleyen, krizleri y\u00f6neten ve gelece\u011fi in\u015fa eden bu beyin g\u00fcc\u00fc, \u015firketin kaderini \u00e7izer. Lydia Holding&#8217;in faaliyet raporunu inceledi\u011fimizde, bu konuda ne kadar iddial\u0131 ve bilin\u00e7li bir yap\u0131lanmaya gitti\u011fini net bir \u015fekilde g\u00f6r\u00fcyoruz. Y\u00f6netim kurulunda ve \u00fcst y\u00f6netimde, kendi alanlar\u0131nda adeta birer marka haline gelmi\u015f, zirveye ula\u015fm\u0131\u015f isimler yer al\u0131yor:<\/p>\n<ul>\n<li><b>Dr. Semra Demircio\u011flu (Genel M\u00fcd\u00fcr ve Y\u00f6netim Kurulu \u00dcyesi):<\/b> Param Grubu ve Ziraat Portf\u00f6y gibi kurumlardaki tecr\u00fcbesiyle finans d\u00fcnyas\u0131n\u0131n yak\u0131ndan tan\u0131d\u0131\u011f\u0131 bir isim. Onu farkl\u0131 k\u0131lan ise T\u00fcrkiye\u2019nin ilk &#8220;\u015eimdi Al, Sonra \u00d6de&#8221; (BNPL) sistemini hayata ge\u00e7iren bir fintech \u00f6nc\u00fcs\u00fc olmas\u0131. Bu vizyon, Holding&#8217;in dijital ve yenilik\u00e7i finans alan\u0131ndaki hedeflerinin en b\u00fcy\u00fck g\u00fcvencesi.<\/li>\n<li><b>H\u00fcseyin Erkan (Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi):<\/b> Sadece T\u00fcrkiye&#8217;nin de\u011fil, d\u00fcnya finans piyasalar\u0131n\u0131n da sayg\u0131 duydu\u011fu bir isim. Borsa \u0130stanbul&#8217;un eski ba\u015fkan\u0131 olmas\u0131n\u0131n yan\u0131 s\u0131ra, D\u00fcnya Borsalar Federasyonu&#8217;nun (WFE) eski CEO&#8217;su olarak g\u00f6rev yapmas\u0131, Lydia Holding&#8217;e paha bi\u00e7ilmez bir k\u00fcresel vizyon ve kredibilite kat\u0131yor.<\/li>\n<li><b>Osman Dereli (Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi):<\/b> Bir \u015firketin kurumsal y\u00f6netim ve finansal \u015feffafl\u0131k konusundaki ciddiyetini anlamak i\u00e7in bak\u0131lmas\u0131 gereken yerlerden biri de denetim mekanizmalar\u0131d\u0131r. Mali Su\u00e7lar\u0131 Ara\u015ft\u0131rma Kurulu&#8217;nun (MASAK) eski ba\u015fkan\u0131n\u0131 ba\u011f\u0131ms\u0131z y\u00f6netim kurulu \u00fcyesi olarak atamak, Holding&#8217;in bu konuya verdi\u011fi \u00f6nemin en somut g\u00f6stergesi.<\/li>\n<\/ul>\n<p>Bu \u00fc\u00e7 ismin profilleri, Lydia Holding&#8217;in stratejik \u00f6nceliklerini bir harita gibi g\u00f6zler \u00f6n\u00fcne seriyor: Dr. Demircio\u011flu ile fintech ve dijital d\u00f6n\u00fc\u015f\u00fcm, H\u00fcseyin Erkan ile k\u00fcresel sermaye piyasalar\u0131na eri\u015fim ve kredibilite, Osman Dereli ile ise kurumsal y\u00f6netim ve finansal disiplin. Bu, tesad\u00fcfi bir birliktelik de\u011fil, \u015firketin gelece\u011fini in\u015fa edecek temel s\u00fctunlar\u0131n titizlikle yerle\u015ftirilmesidir.<\/p>\n<p>Bu kalibrede bir ekibin bir araya gelmesi, bir sonraki b\u00f6l\u00fcmde inceleyece\u011fimiz radikal d\u00f6n\u00fc\u015f\u00fcm\u00fcn habercisinden ba\u015fka bir \u015fey de\u011fildi.<\/p>\n<h2>2. Bir Y\u0131lda Evrim: Pazarlama \u015eirketinden Milyarl\u0131k Holding&#8217;e<\/h2>\n<p>Lydia Holding&#8217;in d\u00f6n\u00fc\u015f\u00fcm hikayesi, bir \u015firketin ne kadar h\u0131zl\u0131 evrilebilece\u011finin ders niteli\u011finde bir \u00f6rne\u011fi. \u015eirketin k\u00f6kleri, 1980 y\u0131l\u0131nda &#8220;Milpa Ticari ve S\u0131nai \u00dcr\u00fcnler Pazarlama&#8221; ad\u0131yla kurulan bir pazarlama \u015firketine dayan\u0131yor. Ancak as\u0131l hikaye, \u015firketin 26 Temmuz 2024 tarihinde tescil edilen radikal bir kararla yapt\u0131\u011f\u0131 <b>stratejik pivot<\/b> ile ba\u015fl\u0131yor.<\/p>\n<p>Bu tarihte \u015firketin unvan\u0131 &#8220;Lydia Holding A.\u015e.&#8221; olarak de\u011fi\u015ftirildi ve ana faaliyet konusu bir holding \u015firketi olarak yeniden tan\u0131mland\u0131. Bu, sadece bir tabela de\u011fi\u015fikli\u011fi de\u011fildi; arkas\u0131ndan gelen ba\u015f d\u00f6nd\u00fcr\u00fcc\u00fc bir sat\u0131n alma ve birle\u015fme trafi\u011fiyle somutla\u015fan stratejik bir yeniden do\u011fu\u015ftu. Rapor, 2024 ve 2025 y\u0131llar\u0131nda at\u0131lan ad\u0131mlar\u0131 g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li><b>Enerji Sekt\u00f6r\u00fcne Giri\u015f:<\/b> Lydia Ye\u015fil Enerji ve MYK2 Enerji&#8217;nin devral\u0131n\u0131p birle\u015ftirilmesiyle yenilenebilir enerji alan\u0131nda iddial\u0131 bir ba\u015flang\u0131\u00e7 yap\u0131ld\u0131.<\/li>\n<li><b>Yat\u0131r\u0131m Alan\u0131nda B\u00fcy\u00fcme:<\/b> Ufuk Yat\u0131r\u0131m&#8217;\u0131n ana hissedar\u0131 Y\u0131ld\u0131z Holding&#8217;in paylar\u0131n\u0131n devredilmesi i\u015flemi sonucunda, \u015firketin %60,17&#8217;sinin kontrol\u00fcn\u00fcn ele ge\u00e7irilmesi.<\/li>\n<li><b>G\u0131da Sekt\u00f6r\u00fcne Stratejik Ortakl\u0131kla Giri\u015f:<\/b> \u00d6zova Tar\u0131m, Graint\u00fcrk Holding ve Enver \u00c7evik ile birlikte %45 hisseyle kurulan Pastanza G\u0131da arac\u0131l\u0131\u011f\u0131yla g\u0131da sekt\u00f6r\u00fcne ad\u0131m at\u0131lmas\u0131.<\/li>\n<li><b>Yap\u0131sal G\u00fc\u00e7lendirme:<\/b> Yap\u0131y\u0131 daha da g\u00fc\u00e7lendirmek amac\u0131yla, 30 Eyl\u00fcl 2025&#8217;te Lydia Yat\u0131r\u0131m Holding A.\u015e. ile birle\u015fme karar\u0131n\u0131n al\u0131nmas\u0131.<\/li>\n<\/ul>\n<p>Bu hamleler, \u015firketin tesad\u00fcfi bir b\u00fcy\u00fcme yerine, T\u00fcrkiye ekonomisinin temel direkleri olan enerji, finans ve g\u0131da gibi stratejik, d\u00f6ng\u00fcsel olmayan ve b\u00fcy\u00fcme potansiyeli y\u00fcksek sekt\u00f6rlere bilin\u00e7li bir portf\u00f6y \u00e7e\u015fitlendirmesi yapt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu ba\u015f d\u00f6nd\u00fcr\u00fcc\u00fc trafik, \u015firketin ne kadar kararl\u0131, h\u0131zl\u0131 ve stratejik bir b\u00fcy\u00fcme plan\u0131 izledi\u011finin en net kan\u0131t\u0131d\u0131r.<\/p>\n<h2>3. 4,1 Milyar TL&#8217;lik Dev, Sadece 15 \u00c7al\u0131\u015fanla Y\u00f6netiliyor<\/h2>\n<p>Faaliyet raporundaki en \u00e7arp\u0131c\u0131 ve \u015fa\u015f\u0131rt\u0131c\u0131 detaylardan biri de \u015firketin operasyonel yap\u0131s\u0131nda gizli. 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla Lydia Holding&#8217;in konsolide bilan\u00e7osundaki toplam varl\u0131klar\u0131 <b>4.109.120.853 TL<\/b> gibi devasa bir rakama ula\u015fm\u0131\u015f durumda.<\/p>\n<p>Peki, bu 4,1 milyar TL&#8217;lik devasa yap\u0131n\u0131n ka\u00e7 ki\u015fiyle y\u00f6netildi\u011fini tahmin edersiniz? Y\u00fczlerce? Binlerce? Cevap sizi \u00e7ok \u015fa\u015f\u0131rtacak: Sadece <b>15 personel<\/b>.<\/p>\n<p>Bu nas\u0131l m\u00fcmk\u00fcn olabilir? Raporun &#8216;\u0130li\u015fkili Taraf \u0130\u015flemleri&#8217; b\u00f6l\u00fcm\u00fc bu sorunun cevab\u0131n\u0131 veriyor: Lydia Ye\u015fil Enerji ve Ufuk Yat\u0131r\u0131m gibi \u00f6nemli ba\u011fl\u0131 ortakl\u0131klar\u0131n bordrolu personeli bulunmuyor. Bu \u015firketlerin operasyonel ve teknik ihtiya\u00e7lar\u0131, ana \u015firket olan Lydia Holding taraf\u0131ndan merkezi olarak kar\u015f\u0131lan\u0131yor.<\/p>\n<p>Bu yap\u0131, 1. B\u00f6l\u00fcm&#8217;de bahsetti\u011fimiz &#8216;r\u00fcya tak\u0131m\u0131n&#8217; stratejik \u00f6nemini bir kez daha ortaya koyuyor. Lydia Holding, operasyonel kalabal\u0131klar yerine, her biri kendi alan\u0131nda uzmanla\u015fm\u0131\u015f k\u00fc\u00e7\u00fck ama son derece yetkin bir ekiple devasa varl\u0131klar\u0131 y\u00f6neten varl\u0131k-odakl\u0131, operasyonel olarak yal\u0131n bir model benimsiyor. Bu, sermaye verimlili\u011fini ve karar alma h\u0131z\u0131n\u0131 en \u00fcst d\u00fczeye \u00e7\u0131karan 21. y\u00fczy\u0131l holding modelinin ta kendisidir.<\/p>\n<h2>4. Faaliyet Raporundan Futbol Sahas\u0131na: \u015ea\u015f\u0131rt\u0131c\u0131 Galatasaray Hamlesi<\/h2>\n<p>Holding \u015firketleri genellikle kamuoyu \u00f6n\u00fcnde daha mesafeli, kurumsal ve ciddi bir duru\u015f sergiler. Pazarlama ve marka bilinirli\u011fi faaliyetleri, genellikle grubun t\u00fcketiciye dokunan alt \u015firketleri taraf\u0131ndan y\u00fcr\u00fct\u00fcl\u00fcr.<\/p>\n<p>Ancak Lydia Holding, bu beklentinin tamamen d\u0131\u015f\u0131na \u00e7\u0131karak ne kadar cesur ve vizyoner bir ad\u0131m atabilece\u011fini g\u00f6steriyor. Faaliyet raporunun &#8220;\u00d6nemli Geli\u015fmeler&#8221; b\u00f6l\u00fcm\u00fcnde yer alan bir madde, Holding&#8217;in sadece bir yat\u0131r\u0131m devi olmakla yetinmeyece\u011fini kan\u0131tl\u0131yor: <b>Galatasaray Spor Kul\u00fcb\u00fc<\/b> ile 2025-2026 futbol sezonu i\u00e7in bir reklam ve tan\u0131t\u0131m s\u00f6zle\u015fmesi yap\u0131lmas\u0131.<\/p>\n<p>S\u00f6zle\u015fme kapsam\u0131nda &#8220;Lydia Holding Logosu&#8221;, futbolcular\u0131n \u015fortlar\u0131n\u0131n arkas\u0131nda yer alacak. Bu hamle, ilk bak\u0131\u015fta basit bir sponsorluk gibi g\u00f6r\u00fcnse de asl\u0131nda \u00e7ok daha derin bir stratejinin par\u00e7as\u0131d\u0131r. Bu, Holding&#8217;in sadece finansal ve end\u00fcstriyel ba\u015far\u0131y\u0131 de\u011fil, ayn\u0131 zamanda milyonlarca insana ula\u015farak g\u00fc\u00e7l\u00fc bir <b>marka sermayesi<\/b> in\u015fa etmeyi de hedefledi\u011finin en a\u00e7\u0131k ilan\u0131d\u0131r. Bu, kapal\u0131 kap\u0131lar ard\u0131nda kalmay\u0131 reddeden, sahaya inen ve ad\u0131n\u0131 herkesin duymas\u0131n\u0131 isteyen yeni nesil bir holdingin manifestosudur.<\/p>\n<h2>Sonu\u00e7<\/h2>\n<p>Lydia Holding&#8217;in 30 Eyl\u00fcl 2025 tarihli faaliyet raporu; alan\u0131nda en iyilerden olu\u015fan bir &#8220;r\u00fcya tak\u0131m&#8221;, bir y\u0131l gibi k\u0131sa bir s\u00fcrede pazarlama \u015firketinden milyarl\u0131k bir holdinge evrilen radikal bir d\u00f6n\u00fc\u015f\u00fcm, 4,1 milyar TL&#8217;lik varl\u0131\u011f\u0131 sadece 15 ki\u015fiyle y\u00f6neten ultra verimli bir operasyonel yap\u0131 ve marka bilinirli\u011fini zirveye ta\u015f\u0131may\u0131 hedefleyen cesur bir pazarlama hamlesi gibi \u00e7arp\u0131c\u0131 detaylarla dolu.<\/p>\n<p>Bu rapor, s\u0131radan bir finansal belgenin \u00e7ok \u00f6tesinde, T\u00fcrkiye&#8217;de bir \u015firketin nas\u0131l yeniden do\u011fabilece\u011finin, ne kadar h\u0131rsl\u0131 hedeflere sahip olabilece\u011finin ve kurallar\u0131 nas\u0131l yeniden yazabilece\u011finin canl\u0131 bir \u00f6rne\u011fini sunuyor.<\/p>\n<p>Peki, b\u00f6ylesine dinamik bir ba\u015flang\u0131\u00e7 yapan ve her hamlesiyle beklentileri a\u015fan Lydia Holding&#8217;in bir sonraki ad\u0131m\u0131 ne olacak? Bu cesur ve \u00e7evik d\u00f6n\u00fc\u015f\u00fcm hikayesi, T\u00fcrkiye&#8217;deki di\u011fer k\u00f6kl\u00fc \u015firketler i\u00e7in bir ilham kayna\u011f\u0131 olabilir mi? Zaman g\u00f6sterecek.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Lydia Holding A.\u015e. 30 Eyl\u00fcl 2025 D\u00f6nemi Durum Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Lydia Holding A.\u015e.&#8217;nin 1 Ocak 2025 &#8211; 30 Eyl\u00fcl 2025 d\u00f6nemine ait faaliyet raporu ve finansal tablolar\u0131n\u0131 sentezleyerek \u015firketin mevcut durumu, stratejik hamleleri ve finansal performans\u0131na dair kapsaml\u0131 bir analiz sunmaktad\u0131r. Raporlama d\u00f6nemi, \u015firketin \u00f6nemli bir d\u00f6n\u00fc\u015f\u00fcm s\u00fcrecinden ge\u00e7ti\u011fini, kurumsal yap\u0131s\u0131n\u0131 yeniden \u015fekillendirdi\u011fini ve b\u00fcy\u00fcme odakl\u0131 stratejik yat\u0131r\u0131mlar ger\u00e7ekle\u015ftirdi\u011fini g\u00f6stermektedir.<\/p>\n<p><b>Temel Bulgular:<\/b><\/p>\n<ul>\n<li><b>Kurumsal D\u00f6n\u00fc\u015f\u00fcm ve Yeni Kimlik:<\/b> \u015eirket, Temmuz 2024&#8217;te &#8220;Milpa Ticari ve S\u0131nai \u00dcr\u00fcnler Pazarlama Sanayi ve Ticaret A.\u015e.&#8221; olan unvan\u0131n\u0131 &#8220;Lydia Holding A.\u015e.&#8221; olarak de\u011fi\u015ftirmi\u015f ve ana faaliyet alan\u0131n\u0131 bir holding \u015firketi olarak yeniden tan\u0131mlam\u0131\u015ft\u0131r. Bu de\u011fi\u015fiklik, \u015firketin yat\u0131r\u0131m, finansman ve organizasyon meselelerini merkezi bir yap\u0131 alt\u0131nda y\u00f6netme stratejisinin bir yans\u0131mas\u0131d\u0131r.<\/li>\n<li><b>Stratejik Sat\u0131n Almalar ve Birle\u015fmeler:<\/b> D\u00f6nem i\u00e7inde holding, portf\u00f6y\u00fcn\u00fc \u00e7e\u015fitlendiren \u00f6nemli ad\u0131mlar atm\u0131\u015ft\u0131r:\n<ul>\n<li><b>Enerji Sekt\u00f6r\u00fc:<\/b> Lydia Ye\u015fil Enerji Kaynaklar\u0131 A.\u015e.&#8217;nin %40,62&#8217;si ve MYK2 Enerji&#8217;nin %100&#8217;\u00fc sat\u0131n al\u0131nm\u0131\u015ft\u0131r. Ard\u0131ndan MYK2 Enerji, Lydia Ye\u015fil Enerji b\u00fcnyesinde birle\u015ftirilerek holdingin bu \u015firketteki pay\u0131 %64,89&#8217;a y\u00fckseltilmi\u015ftir.<\/li>\n<li><b>Yat\u0131r\u0131m ve Gayrimenkul:<\/b> Ufuk Yat\u0131r\u0131m Y\u00f6netim ve Gayrimenkul A.\u015e.&#8217;nin %60,17&#8217;lik hissesi devral\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>G\u0131da Sekt\u00f6r\u00fc:<\/b> %45 i\u015ftirak oran\u0131yla 150 milyon TL sermayeli Pastanza G\u0131da A.\u015e. kurulmu\u015ftur.<\/li>\n<li><b>Konsolidasyon Hamlesi:<\/b> Lydia Yat\u0131r\u0131m Holding A.\u015e.&#8217;nin, Lydia Holding A.\u015e. taraf\u0131ndan devral\u0131nmas\u0131 suretiyle birle\u015fme s\u00fcrecine ba\u015flanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>G\u00fc\u00e7l\u00fc Finansal Performans:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla \u015firket, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki zarara k\u0131yasla \u00f6nemli bir k\u00e2rl\u0131l\u0131\u011fa ula\u015fm\u0131\u015ft\u0131r.\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 31 Aral\u0131k 2024&#8217;teki 3,65 milyar TL&#8217;den 4,11 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 3,44 milyar TL&#8217;den 3,68 milyar TL&#8217;ye artm\u0131\u015ft\u0131r.<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 2024&#8217;\u00fcn ilk dokuz ay\u0131ndaki 304,78 milyon TL&#8217;lik zarara kar\u015f\u0131l\u0131k, 2025&#8217;in ilk dokuz ay\u0131nda 268,18 milyon TL net k\u00e2r elde edilmi\u015ftir. Bu k\u00e2rl\u0131l\u0131kta yat\u0131r\u0131m faaliyetlerinden elde edilen gelirler belirleyici olmu\u015ftur.<\/li>\n<\/ul>\n<\/li>\n<li><b>Y\u00f6netim ve Organizasyonel De\u011fi\u015fiklikler:<\/b> \u015eirketin stratejik hedeflerini desteklemek amac\u0131yla \u00fcst y\u00f6netimde \u00f6nemli atamalar yap\u0131lm\u0131\u015ft\u0131r. Finans ve fintek sekt\u00f6rlerinde tecr\u00fcbeli Dr. Semra Demircio\u011flu, Genel M\u00fcd\u00fcr (CEO) olarak atanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Hisse Performans\u0131:<\/b> LYDHO.E hissesi, d\u00f6nem i\u00e7inde en d\u00fc\u015f\u00fck 86,50 TL ve en y\u00fcksek 149,00 TL seviyelerini g\u00f6rm\u00fc\u015f, a\u011f\u0131rl\u0131kl\u0131 ortalama fiyat\u0131 115,19 TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<p>Sonu\u00e7 olarak, Lydia Holding 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda agresif bir b\u00fcy\u00fcme ve yeniden yap\u0131lanma stratejisi izlemi\u015f, enerji, g\u0131da ve yat\u0131r\u0131m sekt\u00f6rlerinde yapt\u0131\u011f\u0131 hamlelerle portf\u00f6y\u00fcn\u00fc g\u00fc\u00e7lendirmi\u015f ve bu stratejilerin finansal sonu\u00e7lara olumlu yans\u0131d\u0131\u011f\u0131 g\u00f6zlemlenmi\u015ftir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Kurumsal Kimlik ve Yap\u0131<\/h2>\n<h3>1.1. Tarih\u00e7e ve Unvan De\u011fi\u015fikli\u011fi<\/h3>\n<p>\u015eirket, 1980 y\u0131l\u0131nda <b>Milpa Ticari ve S\u0131nai \u00dcr\u00fcnler Pazarlama Sanayi ve Ticaret A.\u015e.<\/b> unvan\u0131yla bir pazarlama \u015firketi olarak kurulmu\u015f ve 15 \u015eubat 1994 tarihinden itibaren Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmeye ba\u015flam\u0131\u015ft\u0131r.<\/p>\n<p>23 Temmuz 2024 tarihinde ger\u00e7ekle\u015ftirilen Ola\u011fan Genel Kurul Toplant\u0131s\u0131&#8217;nda, \u015firketin unvan\u0131n\u0131n <b>Lydia Holding A.\u015e.<\/b> olarak de\u011fi\u015ftirilmesine ve ana faaliyet konusunun bir holding \u015firketi olarak yeniden d\u00fczenlenmesine karar verilmi\u015ftir. Bu de\u011fi\u015fiklik, 26 Temmuz 2024&#8217;te tescil edilmi\u015f ve 31 Temmuz 2024 tarihli T\u00fcrkiye Ticaret Sicili Gazetesi&#8217;nde ilan edilmi\u015ftir.<\/p>\n<p>\u015eirketin yeni ana faaliyet konusu; kurulmu\u015f veya kurulacak \u015firketlerin sermaye ve\/veya y\u00f6netimine kat\u0131larak yat\u0131r\u0131m, finansman, organizasyon ve y\u00f6netim faaliyetlerini merkezi bir b\u00fcnye alt\u0131nda y\u00fcr\u00fctmek olarak belirlenmi\u015ftir.<\/p>\n<h3>1.2. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h3>\n<p>\u015eirket, 4.000.000.000 TL kay\u0131tl\u0131 sermaye tavan\u0131na sahiptir ve bu tavan izni 2024-2028 y\u0131llar\u0131 i\u00e7in ge\u00e7erlidir. \u015eirketin \u00e7\u0131kar\u0131lm\u0131\u015f ve tamam\u0131 \u00f6denmi\u015f sermayesi 208.000.000 TL&#8217;dir. Paylarda herhangi bir imtiyaz bulunmamaktad\u0131r.<\/p>\n<p>19 Ocak 2024 tarihinde ger\u00e7ekle\u015fen pay devri ile Enver \u00c7evik, \u015firketin %63,32&#8217;lik pay\u0131na sahip olarak hakim ortak konumuna gelmi\u015ftir. 30 Eyl\u00fcl 2025 itibar\u0131yla ortakl\u0131k yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Orta\u011f\u0131n Unvan\u0131<\/td>\n<td>Pay Tutar\u0131 (TL)<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>Enver \u00c7evik<\/td>\n<td>131.700.776,37<\/td>\n<td>63,32<\/td>\n<\/tr>\n<tr>\n<td>Halka A\u00e7\u0131k<\/td>\n<td>76.299.223,63<\/td>\n<td>36,68<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM<\/b><\/td>\n<td><b>208.000.000,00<\/b><\/td>\n<td><b>100,00<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Ba\u011fl\u0131 Ortakl\u0131klar ve Stratejik Geli\u015fmeler<\/h2>\n<p>Lydia Holding, 2024 ve 2025 y\u0131llar\u0131nda stratejik sat\u0131n almalar ve yeni kurulu\u015flarla portf\u00f6y\u00fcn\u00fc aktif olarak geni\u015fletmi\u015ftir.<\/p>\n<h3>2.1. Lydia Ye\u015fil Enerji Kaynaklar\u0131 A.\u015e.<\/h3>\n<ul>\n<li><b>Sat\u0131n Alma:<\/b> 29 Ocak 2024&#8217;te, o d\u00f6nemki unvan\u0131 Tetamat G\u0131da Yat\u0131r\u0131mlar\u0131 A.\u015e. olan \u015firketin %40,62&#8217;si sat\u0131n al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>MYK2 Enerji Devralmas\u0131:<\/b> 1 \u015eubat 2024&#8217;te, yenilenebilir enerji alan\u0131nda faaliyet g\u00f6steren MYK2 Enerji Elektrik \u0130n\u015faat Taahh\u00fct Sanayi ve Ticaret A.\u015e.&#8217;nin %100&#8217;\u00fc Lydia Holding taraf\u0131ndan sat\u0131n al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Birle\u015fme:<\/b> 19 \u015eubat 2024 tarihli karar uyar\u0131nca, MYK2 Enerji t\u00fcm aktif ve pasifleriyle Lydia Ye\u015fil Enerji taraf\u0131ndan devral\u0131nm\u0131\u015ft\u0131r. Bu birle\u015fme i\u015flemi 4 Eyl\u00fcl 2024&#8217;te tescil edilmi\u015ftir. Birle\u015fme sonras\u0131 Lydia Holding&#8217;in Lydia Ye\u015fil Enerji&#8217;deki pay\u0131 <b>%64,89<\/b>&#8216;a y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h3>2.2. Ufuk Yat\u0131r\u0131m Y\u00f6netim ve Gayrimenkul A.\u015e.<\/h3>\n<ul>\n<li>14 Haziran 2024&#8217;te imzalanan ve 9 Aral\u0131k 2024&#8217;te kapan\u0131\u015f\u0131 ger\u00e7ekle\u015fen pay devri s\u00f6zle\u015fmesi ile, Y\u0131ld\u0131z Holding A.\u015e.&#8217;nin Ufuk Yat\u0131r\u0131m&#8217;daki %93,03&#8217;l\u00fck pay\u0131 devredilmi\u015ftir.<\/li>\n<li>S\u00f6zle\u015fme kapan\u0131\u015f tarihinde Lydia Holding A.\u015e.&#8217;nin Ufuk Yat\u0131r\u0131m sermayesindeki pay\u0131 <b>%60,17<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h3>2.3. Pastanza G\u0131da A.\u015e.<\/h3>\n<ul>\n<li>19 Mart 2025 tarihinde K\u0131r\u0131khan \/ Hatay&#8217;da 150.000.000 TL sermaye ile &#8220;Pastanza G\u0131da Anonim \u015eirketi&#8221; kurulmu\u015ftur.<\/li>\n<li>\u015eirketin ortakl\u0131k yap\u0131s\u0131 \u015fu \u015fekildedir:\n<ul>\n<li>Lydia Holding A.\u015e.: %45 (67.500.000 TL)<\/li>\n<li>\u00d6zova Tar\u0131m A.\u015e.: %45<\/li>\n<li>Graint\u00fcrk Holding A.\u015e: %5<\/li>\n<li>Enver \u00c7evik: %5<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>2.4. Lydia Yat\u0131r\u0131m Holding A.\u015e. ile Birle\u015fme S\u00fcreci<\/h3>\n<ul>\n<li>\u015eirketin uzun vadeli stratejileri do\u011frultusunda kurumsal yap\u0131y\u0131 g\u00fc\u00e7lendirmek amac\u0131yla, Lydia Yat\u0131r\u0131m Holding A.\u015e.&#8217;nin Lydia Holding A.\u015e.&#8217;ye devrolunmas\u0131 suretiyle birle\u015fme niyetine ili\u015fkin g\u00f6r\u00fc\u015fmelere 17 Eyl\u00fcl 2025 tarihinde ba\u015flanm\u0131\u015ft\u0131r.<\/li>\n<li>30 Eyl\u00fcl 2025 tarihli Y\u00f6netim Kurulu karar\u0131yla, Lydia Yat\u0131r\u0131m Holding A.\u015e.&#8217;nin t\u00fcm aktif ve pasifleriyle bir b\u00fct\u00fcn halinde Lydia Holding A.\u015e. taraf\u0131ndan devral\u0131narak birle\u015fmesine karar verilmi\u015ftir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Y\u00f6netim ve Kurumsal Y\u00f6neti\u015fim<\/h2>\n<h3>3.1. Y\u00f6netim Kurulu<\/h3>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla, \u015firketin Y\u00f6netim Kurulu \u00fcyeleri, g\u00f6revleri ve \u00f6zge\u00e7mi\u015f \u00f6zetleri a\u015fa\u011f\u0131daki gibidir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>Ortakl\u0131k Pay\u0131 (%)<\/td>\n<td>Se\u00e7ildi\u011fi Tarih \/ G\u00f6rev S\u00fcresi<\/td>\n<\/tr>\n<tr>\n<td>Enver \u00c7evik<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>63,32<\/td>\n<td>02.04.2024 \/ 3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Kemal Akkaya<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Vekili<\/td>\n<td>0<\/td>\n<td>02.04.2024 \/ 3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Dr. Semra Demircio\u011flu<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi ve Genel M\u00fcd\u00fcr<\/td>\n<td>0<\/td>\n<td>25.07.2025 \/ 2027&#8217;ye kadar<\/td>\n<\/tr>\n<tr>\n<td>H\u00fcseyin Erkan<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>0<\/td>\n<td>29.04.2025 \/ 3 Y\u0131l<\/td>\n<\/tr>\n<tr>\n<td>Osman Dereli<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>0<\/td>\n<td>02.04.2024 \/ 3 Y\u0131l<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00d6zge\u00e7mi\u015f \u00d6zetleri:<\/b><\/p>\n<ul>\n<li><b>Enver \u00c7evik (Y\u00f6netim Kurulu Ba\u015fkan\u0131):<\/b> Ticaret hayat\u0131na gen\u00e7 ya\u015fta ba\u015flam\u0131\u015f, 1990&#8217;l\u0131 y\u0131llarda sermaye piyasalar\u0131na yat\u0131r\u0131mc\u0131 olarak girmi\u015ftir. Ticari ve yat\u0131r\u0131m tecr\u00fcbelerini birle\u015ftirerek \u00e7e\u015fitli alanlarda faaliyet g\u00f6stermi\u015ftir. Lydia Holding ve ba\u011fl\u0131 ortakl\u0131klar\u0131nda Y\u00f6netim Kurulu Ba\u015fkan\u0131 olarak g\u00f6rev yapmaktad\u0131r.<\/li>\n<li><b>Kemal Akkaya (Y\u00f6netim Kurulu Ba\u015fkan Vekili):<\/b> Sermaye piyasalar\u0131nda 20 y\u0131l\u0131 a\u015fk\u0131n deneyime sahiptir. Oyak Yat\u0131r\u0131m&#8217;da \u00e7e\u015fitli y\u00f6neticilik pozisyonlar\u0131nda bulunmu\u015ftur. Giri\u015fim sermayesi alan\u0131nda melek yat\u0131r\u0131mc\u0131d\u0131r. Lydia Holding ve ba\u011fl\u0131 ortakl\u0131klar\u0131nda Ba\u015fkan Vekili, Bulls \u015eirketler Grubu&#8217;nda ise Y\u00f6netim Kurulu Ba\u015fkan\u0131&#8217;d\u0131r.<\/li>\n<li><b>Dr. Semra Demircio\u011flu (YK \u00dcyesi ve Genel M\u00fcd\u00fcr):<\/b> Marmara \u00dcniversitesi \u0130ngilizce \u0130ktisat mezunudur. Ziraat Portf\u00f6y ve Param Grubu&#8217;nda \u00fcst d\u00fczey g\u00f6revler alm\u0131\u015ft\u0131r. Turk Finansman A\u015e&#8217;de CEO olarak T\u00fcrkiye&#8217;nin ilk &#8220;\u015eimdi Al, Sonra \u00d6de&#8221; (BNPL) sistemini kurmu\u015ftur. 2024 y\u0131l\u0131nda doktoras\u0131n\u0131 tamamlam\u0131\u015f olup, 2025&#8217;te Lydia Holding CEO&#8217;su olarak atanm\u0131\u015ft\u0131r.<\/li>\n<li><b>H\u00fcseyin Erkan (Ba\u011f\u0131ms\u0131z YK \u00dcyesi):<\/b> New York \u00dcniversitesi mezunudur. Borsa \u0130stanbul&#8217;da Ba\u015fkan Yard\u0131mc\u0131l\u0131\u011f\u0131 ve Ba\u015fkanl\u0131k, D\u00fcnya Borsalar Federasyonu&#8217;nda (WFE) CEO&#8217;luk gibi \u00f6nemli g\u00f6revlerde bulunmu\u015ftur. Uluslararas\u0131 sermaye piyasalar\u0131 alan\u0131nda geni\u015f tecr\u00fcbeye sahiptir.<\/li>\n<li><b>Osman Dereli (Ba\u011f\u0131ms\u0131z YK \u00dcyesi):<\/b> Ankara \u00dcniversitesi SBF mezunudur. Maliye Bakanl\u0131\u011f\u0131&#8217;nda Hesap Uzman\u0131, Gelir \u0130daresi Ba\u015fkanl\u0131\u011f\u0131&#8217;nda Grup Ba\u015fkan\u0131, Kamu G\u00f6zetim Kurulu&#8217;nda (KGK) Ba\u015fkan Yard\u0131mc\u0131s\u0131 ve Mali Su\u00e7lar\u0131 Ara\u015ft\u0131rma Kurulu&#8217;nda (MASAK) Ba\u015fkan olarak g\u00f6rev yapm\u0131\u015ft\u0131r. Halen yeminli mali m\u00fc\u015favir olarak \u00e7al\u0131\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h3>3.2. Y\u00f6netim Kurulu Komiteleri<\/h3>\n<p>Y\u00f6netim Kurulu b\u00fcnyesinde g\u00f6rev ve sorumluluklar\u0131n sa\u011fl\u0131kl\u0131 y\u00fcr\u00fct\u00fclmesi amac\u0131yla \u00fc\u00e7 adet komite olu\u015fturulmu\u015ftur:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Komite<\/td>\n<td>Ba\u015fkan<\/td>\n<td>\u00dcyeler<\/td>\n<\/tr>\n<tr>\n<td><b>Denetim Komitesi<\/b><\/td>\n<td>Osman Dereli (Ba\u011f\u0131ms\u0131z)<\/td>\n<td>H\u00fcseyin Erkan (Ba\u011f\u0131ms\u0131z)<\/td>\n<\/tr>\n<tr>\n<td><b>Riskin Erken Saptanmas\u0131 Komitesi<\/b><\/td>\n<td>Osman Dereli (Ba\u011f\u0131ms\u0131z)<\/td>\n<td>H\u00fcseyin Erkan (Ba\u011f\u0131ms\u0131z)<\/td>\n<\/tr>\n<tr>\n<td><b>Kurumsal Y\u00f6netim Komitesi<\/b><\/td>\n<td>H\u00fcseyin Erkan (Ba\u011f\u0131ms\u0131z)<\/td>\n<td>Osman Dereli, Dilara Kartal<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Denetim Komitesi:<\/b> \u015eirketin muhasebe, raporlama, ba\u011f\u0131ms\u0131z denetim ve i\u00e7 kontrol sistemlerinin g\u00f6zetiminden sorumludur.<\/li>\n<li><b>Riskin Erken Saptanmas\u0131 Komitesi:<\/b> \u015eirketin varl\u0131\u011f\u0131n\u0131 tehlikeye atabilecek stratejik, operasyonel, finansal ve hukuki risklerin erken tespiti ve y\u00f6netimi konusunda Y\u00f6netim Kurulu&#8217;na tavsiyelerde bulunur.<\/li>\n<li><b>Kurumsal Y\u00f6netim Komitesi:<\/b> Kurumsal y\u00f6netim ilkelerinin uygulanmas\u0131n\u0131 g\u00f6zetir ve yat\u0131r\u0131mc\u0131 ili\u015fkileri biriminin \u00e7al\u0131\u015fmalar\u0131n\u0131 denetler. Ayr\u0131ca, Aday G\u00f6sterme ve \u00dccret Komitelerinin g\u00f6revlerini de yerine getirir.<\/li>\n<\/ul>\n<h3>3.3. Organizasyon \u015eemas\u0131<\/h3>\n<p>\u015eirketin organizasyon yap\u0131s\u0131, Y\u00f6netim Kurulu&#8217;na ba\u011fl\u0131 komiteler ve CEO&#8217;dan olu\u015fmaktad\u0131r. CEO&#8217;ya do\u011frudan ba\u011fl\u0131 olan ana birimler \u015funlard\u0131r:<\/p>\n<ul>\n<li>Strateji ve Sermaye Piyasalar\u0131 Grup Ba\u015fkanl\u0131\u011f\u0131<\/li>\n<li>Mali \u0130\u015fler Grup Ba\u015fkanl\u0131\u011f\u0131<\/li>\n<li>\u0130nsan Kaynaklar\u0131 ve Teknoloji Grup Ba\u015fkanl\u0131\u011f\u0131<\/li>\n<li>Denetim Grup Ba\u015fkanl\u0131\u011f\u0131 (Ayr\u0131ca komitelere raporlama yapar)<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Finansal Performans ve Durum Analizi<\/h2>\n<h3>4.1. Konsolide Finansal Durum Tablosu (Bilan\u00e7o) \u00d6zeti<\/h3>\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><b>D\u00f6nen Varl\u0131klar<\/b><\/td>\n<td>994.913.986<\/td>\n<td>1.208.976.533<\/td>\n<td>\u25bc Azal\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><i>Nakit ve Nakit Benzerleri<\/i><\/td>\n<td>83.203.878<\/td>\n<td>796.969.771<\/td>\n<td>\u25bc Azal\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><i>Finansal Yat\u0131r\u0131mlar<\/i><\/td>\n<td>798.515.454<\/td>\n<td>232.305.014<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>Duran Varl\u0131klar<\/b><\/td>\n<td>3.114.206.867<\/td>\n<td>2.439.098.661<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><i>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller<\/i><\/td>\n<td>2.425.642.871<\/td>\n<td>1.755.123.289<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM VARLIKLAR<\/b><\/td>\n<td><b>4.109.120.853<\/b><\/td>\n<td><b>3.648.075.194<\/b><\/td>\n<td><b>\u25b2 %12,6<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>14.181.594<\/td>\n<td>57.362.278<\/td>\n<td>\u25bc Azal\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>413.965.670<\/td>\n<td>155.353.707<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM Y\u00dcK\u00dcML\u00dcL\u00dcKLER<\/b><\/td>\n<td><b>428.147.264<\/b><\/td>\n<td><b>212.715.985<\/b><\/td>\n<td><b>\u25b2 %101,3<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>3.680.973.589<\/td>\n<td>3.435.359.209<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><i>Ana Ortakl\u0131\u011fa Ait \u00d6zkaynaklar<\/i><\/td>\n<td>2.630.997.209<\/td>\n<td>2.502.781.147<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><i>Kontrol G\u00fcc\u00fc Olmayan Paylar<\/i><\/td>\n<td>1.049.976.380<\/td>\n<td>932.578.062<\/td>\n<td>\u25b2 Art\u0131\u015f<\/td>\n<\/tr>\n<tr>\n<td><b>TOPLAM KAYNAKLAR<\/b><\/td>\n<td><b>4.109.120.853<\/b><\/td>\n<td><b>3.648.075.194<\/b><\/td>\n<td><b>\u25b2 %12,6<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Toplam varl\u0131klardaki art\u0131\u015f, temel olarak duran varl\u0131klardaki, \u00f6zellikle yat\u0131r\u0131m ama\u00e7l\u0131 gayrimenkullerdeki b\u00fcy\u00fcmeden kaynaklanmaktad\u0131r.<\/li>\n<li>D\u00f6nen varl\u0131klar i\u00e7inde nakit ve nakit benzerleri azal\u0131rken, finansal yat\u0131r\u0131mlarda belirgin bir art\u0131\u015f g\u00f6zlemlenmi\u015ftir. Bu durum, nakdin yat\u0131r\u0131m ara\u00e7lar\u0131na y\u00f6nlendirildi\u011fini g\u00f6stermektedir.<\/li>\n<li>\u015eirket, 2025 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek itibar\u0131yla varl\u0131klar\u0131n\u0131n %89,58&#8217;ini \u00f6zkaynaklar\u0131 ile finanse ederek g\u00fc\u00e7l\u00fc bir mali yap\u0131 sergilemektedir.<\/li>\n<\/ul>\n<h3>4.2. Konsolide Gelir Tablosu \u00d6zeti<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>(TL)<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2024<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>43.571.163<\/td>\n<td>54.385.190<\/td>\n<td>\u25bc %19,9<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>17.355.681<\/td>\n<td>22.937.527<\/td>\n<td>\u25bc %24,3<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Zarar\u0131<\/td>\n<td>(102.345.413)<\/td>\n<td>300.112.821<\/td>\n<td>K\u00e2rdan Zarara<\/td>\n<\/tr>\n<tr>\n<td><b>Yat\u0131r\u0131m Faaliyetlerinden Gelirler<\/b><\/td>\n<td><b>624.177.178<\/b><\/td>\n<td><b>338.724.333<\/b><\/td>\n<td><b>\u25b2 %84,3<\/b><\/td>\n<\/tr>\n<tr>\n<td>Finansman Gelirleri<\/td>\n<td>236.474.687<\/td>\n<td>&#8211;<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Vergi \u00d6ncesi K\u00e2r \/ (Zarar)<\/td>\n<td>246.591.220<\/td>\n<td>(153.167.001)<\/td>\n<td>Zarardan K\u00e2ra<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131 \/ (Zarar\u0131)<\/b><\/td>\n<td><b>268.176.986<\/b><\/td>\n<td><b>(304.777.048)<\/b><\/td>\n<td><b>Zarardan K\u00e2ra<\/b><\/td>\n<\/tr>\n<tr>\n<td><i>Ana Ortakl\u0131k Paylar\u0131<\/i><\/td>\n<td><i>128.151.973<\/i><\/td>\n<td><i>(353.052.680)<\/i><\/td>\n<td><i>Zarardan K\u00e2ra<\/i><\/td>\n<\/tr>\n<tr>\n<td><i>Kontrol G\u00fcc\u00fc Olmayan Paylar<\/i><\/td>\n<td><i>140.025.013<\/i><\/td>\n<td><i>48.275.632<\/i><\/td>\n<td><i>\u25b2 %190,0<\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Has\u0131lat ve br\u00fct k\u00e2rda d\u00fc\u015f\u00fc\u015f ya\u015fanmas\u0131na ra\u011fmen, \u015firketin genel k\u00e2rl\u0131l\u0131\u011f\u0131 yat\u0131r\u0131m faaliyetlerinden elde edilen y\u00fcksek gelirler sayesinde pozitife d\u00f6nm\u00fc\u015ft\u00fcr.<\/li>\n<li>\u015eirket, 2024&#8217;\u00fcn ayn\u0131 d\u00f6nemindeki 304,8 milyon TL&#8217;lik net zarara k\u0131yasla, 2025&#8217;in ilk dokuz ay\u0131n\u0131 268,2 milyon TL&#8217;lik net k\u00e2r ile kapatm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>4.3. \u0130li\u015fkili Taraf \u0130\u015flemleri<\/h3>\n<ul>\n<li><b>\u00dcst D\u00fczey Y\u00f6netime Sa\u011flanan Faydalar:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla sona eren dokuz ayl\u0131k d\u00f6nemde \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan toplam menfaat 6.545.022 TL&#8217;dir (30 Eyl\u00fcl 2024: 2.437.742 TL).<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> 30 Eyl\u00fcl 2025 itibar\u0131yla Grup personel say\u0131s\u0131 15&#8217;tir. Ba\u011fl\u0131 ortakl\u0131klar Lydia Ye\u015fil Enerji ve Ufuk Yat\u0131r\u0131m&#8217;\u0131n bordrolu personeli bulunmamakta, insan kayna\u011f\u0131 ihtiyac\u0131 Lydia Holding&#8217;den hizmet al\u0131m\u0131 yoluyla kar\u015f\u0131lanmaktad\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Raporlama D\u00f6nemi \u00d6nemli Geli\u015fmeleri ve Politikalar<\/h2>\n<h3>5.1. \u00d6nemli Geli\u015fmeler (Ocak &#8211; Eyl\u00fcl 2025)<\/h3>\n<ol>\n<li><b>Pastanza G\u0131da A.\u015e.&#8217;nin Kurulu\u015fu:<\/b> G\u0131da sekt\u00f6r\u00fcne giri\u015f amac\u0131yla i\u015ftirak \u015firketi 19 Mart 2025&#8217;te tescil edildi.<\/li>\n<li><b>Genel M\u00fcd\u00fcr Atamas\u0131:<\/b> Dr. Semra Demircio\u011flu, \u015firkete Genel M\u00fcd\u00fcr (CEO) olarak atand\u0131.<\/li>\n<li><b>Sponsorluk Anla\u015fmas\u0131:<\/b> 2025-2026 futbol sezonu i\u00e7in Galatasaray Spor Kul\u00fcb\u00fc ile futbolcular\u0131n \u015fortlar\u0131nda &#8220;Lydia Holding Logosu&#8221; kullan\u0131lmas\u0131na y\u00f6nelik 1 y\u0131ll\u0131k reklam ve tan\u0131t\u0131m s\u00f6zle\u015fmesi yap\u0131ld\u0131.<\/li>\n<li><b>Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri Y\u00f6neticisi Atamas\u0131:<\/b> Dilara Kartal, Yat\u0131r\u0131mc\u0131 \u0130li\u015fkileri B\u00f6l\u00fcm Y\u00f6neticisi olarak atand\u0131.<\/li>\n<li><b>Birle\u015fme Karar\u0131:<\/b> Lydia Yat\u0131r\u0131m Holding A.\u015e.&#8217;nin Lydia Holding A.\u015e. b\u00fcnyesine kat\u0131lmas\u0131na y\u00f6nelik birle\u015fme s\u00fcrecinin ba\u015flat\u0131lmas\u0131na karar verildi.<\/li>\n<\/ol>\n<h3>5.2. Temel Kurumsal Politikalar<\/h3>\n<ul>\n<li><b>K\u00e2r Da\u011f\u0131t\u0131m Politikas\u0131:<\/b> K\u00e2r da\u011f\u0131t\u0131m\u0131, T\u00fcrk Ticaret Kanunu ve Sermaye Piyasas\u0131 mevzuat\u0131 h\u00fck\u00fcmlerine uygun olarak, Genel Kurul karar\u0131yla belirlenir. 29 Nisan 2025 tarihli Genel Kurul&#8217;da 2024 y\u0131l\u0131 i\u00e7in k\u00e2r pay\u0131 da\u011f\u0131t\u0131lmamas\u0131 y\u00f6n\u00fcnde karar al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>Ba\u011f\u0131\u015f ve Yard\u0131m Politikas\u0131:<\/b> Ba\u011f\u0131\u015flar i\u00e7in \u00fcst s\u0131n\u0131r her y\u0131l Genel Kurul taraf\u0131ndan belirlenir. 2025 y\u0131l\u0131 i\u00e7in ba\u011f\u0131\u015f, yard\u0131m ve sponsorluk \u00fcst limiti 1.500.000 TL olarak onaylanm\u0131\u015ft\u0131r. D\u00f6nem i\u00e7inde yap\u0131lan ba\u011f\u0131\u015f tutar\u0131 621.993 TL&#8217;dir.<\/li>\n<li><b>\u00dccretlendirme Politikas\u0131:<\/b> Y\u00f6netim Kurulu \u00fcyelerinin \u00fccretleri Genel Kurul&#8217;da, \u00fcst d\u00fczey y\u00f6neticilerin \u00fccretleri ise Y\u00f6netim Kurulu veya Genel M\u00fcd\u00fcr taraf\u0131ndan belirlenir. Ba\u011f\u0131ms\u0131z \u00fcyelerin \u00fccretlerinin ba\u011f\u0131ms\u0131zl\u0131klar\u0131n\u0131 koruyacak d\u00fczeyde olmas\u0131na \u00f6zen g\u00f6sterilir. 2025 Genel Kurulu&#8217;nda Ba\u011f\u0131ms\u0131z YK \u00fcyeleri i\u00e7in ayl\u0131k net 75.000 TL, di\u011fer \u00fcyeler i\u00e7in ayl\u0131k net 45.000 TL huzur hakk\u0131 \u00f6denmesine karar verilmi\u015ftir.<\/li>\n<\/ul>\n<h3>5.3. Risk Y\u00f6netimi<\/h3>\n<p>\u015eirket, risk y\u00f6netimini be\u015f ana kategoride s\u0131n\u0131fland\u0131rmaktad\u0131r: Operasyonel Risk, Piyasa Riski, Kredi Riski, Kur Riski ve Likidite Riski. Riskin Erken Saptanmas\u0131 Komitesi, bu risklerin tespiti, de\u011ferlendirilmesi ve y\u00f6netilmesi i\u00e7in Y\u00f6netim Kurulu&#8217;na tavsiyelerde bulunur.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>6. Piyasa Ko\u015fullar\u0131 ve Hisse Performans\u0131<\/h2>\n<h3>6.1. Genel Ekonomik De\u011ferlendirmeler (Eyl\u00fcl 2025)<\/h3>\n<ul>\n<li><b>T\u00fcketici G\u00fcven Endeksi:<\/b> Eyl\u00fcl 2025&#8217;te 83,9 seviyesine gerileyerek t\u00fcketicilerin ekonomik beklentilerindeki temkinli duru\u015fun devam etti\u011fini g\u00f6stermi\u015ftir.<\/li>\n<li><b>Enflasyon:<\/b> Eyl\u00fcl 2025&#8217;te y\u0131ll\u0131k T\u00dcFE %33,29 olarak ger\u00e7ekle\u015fmi\u015ftir. Fiyat art\u0131\u015flar\u0131 a\u011f\u0131rl\u0131kl\u0131 olarak g\u0131da, e\u011fitim ve konut kalemlerinde yo\u011funla\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kur De\u011fi\u015fimi:<\/b> 2025 y\u0131l\u0131na 35,76 TL&#8217;den ba\u015flayan USD\/TL kuru Eyl\u00fcl ay\u0131n\u0131 41,58 TL&#8217;den; 37,15 TL&#8217;den ba\u015flayan EUR\/TL kuru ise 48,78 TL&#8217;den tamamlam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>6.2. Hisse (&#8220;LYDHO.E&#8221;) Performans\u0131<\/h3>\n<p>Raporlama d\u00f6nemi olan 1 Ocak 2025 &#8211; 30 Eyl\u00fcl 2025 tarihleri aras\u0131nda LYDHO.E hissesi a\u015fa\u011f\u0131daki fiyat hareketlerini sergilemi\u015ftir:<\/p>\n<ul>\n<li><b>En D\u00fc\u015f\u00fck Fiyat:<\/b> 86,50 TL<\/li>\n<li><b>En Y\u00fcksek Fiyat:<\/b> 149,00 TL<\/li>\n<li><b>A\u011f\u0131rl\u0131kl\u0131 Ortalama Fiyat:<\/b> 115,19 TL<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"694\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **Lydia Holding**\u2019in 1 Ocak &#8211; 30 Eyl\u00fcl 2025 d\u00f6nemini kapsayan **dokuz ayl\u0131k faaliyet raporunu** ve bu d\u00f6neme dair finansal verilerini i\u00e7ermektedir. \u015eirketin eski unvan\u0131 olan Milpa\u2019dan **Lydia Holding**\u2019e d\u00f6n\u00fc\u015f\u00fcm s\u00fcrecini detayland\u0131ran metinler, firman\u0131n holding yap\u0131s\u0131 alt\u0131ndaki yeni yat\u0131r\u0131m stratejilerini ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131 kapsaml\u0131 bir \u015fekilde sunmaktad\u0131r. Kaynaklarda, **y\u00f6netim kurulu yap\u0131s\u0131**, kurumsal y\u00f6netim ilkelerine uyum politikalar\u0131 ve \u015firketin enerji ile g\u0131da sekt\u00f6rlerindeki i\u015ftirakleri hakk\u0131nda bilgiler yer almaktad\u0131r. Ayr\u0131ca, **finansal tablolar**, ba\u011f\u0131ms\u0131z denetim s\u00fcre\u00e7leri ve enflasyon muhasebesi gibi g\u00fcncel mevzuat uygulamalar\u0131 titizlikle a\u00e7\u0131klanmaktad\u0131r. Rapor, \u015firketin **finansal performans\u0131n\u0131** ve piyasa risklerine kar\u015f\u0131 izledi\u011fi stratejik yakla\u015f\u0131mlar\u0131 yat\u0131r\u0131mc\u0131lar\u0131n bilgisine sunan resmi bir beyan niteli\u011findedir. Son olarak, T\u00fcrkiye\u2019deki genel ekonomik g\u00f6stergeler ve **d\u00f6viz kuru de\u011fi\u015fimleri** gibi d\u0131\u015f fakt\u00f6rlerin i\u015fletme \u00fczerindeki etkileri de bu dok\u00fcmanlarda analiz edilmektedir.<\/p>\n","protected":false},"author":1,"featured_media":786,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[167],"class_list":["post-694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-lydho"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/694","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=694"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/694\/revisions"}],"predecessor-version":[{"id":787,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/694\/revisions\/787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/786"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}