{"id":698,"date":"2025-12-28T14:42:46","date_gmt":"2025-12-28T11:42:46","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=698"},"modified":"2025-12-28T20:50:09","modified_gmt":"2025-12-28T17:50:09","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-barma-barem-ambalaj-sanayi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/698","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #BARMA | Barem Ambalaj Sanayi 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #BARMA | Barem Ambalaj Sanayi 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/EITqU8oc_MA?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>Barem Ambalaj&#8217;\u0131n Finansal Raporunun Derinliklerinden \u00c7\u0131kan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3><b>Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye<\/b><\/h3>\n<p>\u00c7o\u011fumuz i\u00e7in kurumsal faaliyet raporlar\u0131, rakamlar\u0131n ve tablolar\u0131n aras\u0131nda kayboldu\u011fumuz, s\u0131k\u0131c\u0131 ve anla\u015f\u0131lmaz belgelerdir. Ancak bir analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda, bu raporlar asl\u0131nda bir \u015firketin gelece\u011fe y\u00f6nelik vizyonunu, cesur ad\u0131mlar\u0131n\u0131 ve stratejik hamlelerini bar\u0131nd\u0131ran birer hazine haritas\u0131na d\u00f6n\u00fc\u015febilir. Biz de bu merakla Barem Ambalaj&#8217;\u0131n 2025 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek raporlar\u0131n\u0131 mercek alt\u0131na ald\u0131k ve bilan\u00e7olar\u0131n, gelir tablolar\u0131n\u0131n ard\u0131nda yatan o ilgi \u00e7ekici hikayeyi sizler i\u00e7in ortaya \u00e7\u0131kard\u0131k.<\/p>\n<h3><b>1. Performans Paradoksu: K\u00e2r D\u00fc\u015ferken Milyarl\u0131k Yat\u0131r\u0131m Yapmak<\/b><\/h3>\n<p>\u0130lk bak\u0131\u015fta Barem Ambalaj&#8217;\u0131n finansal tablosu bir \u00e7eli\u015fki bar\u0131nd\u0131r\u0131yor gibi g\u00f6r\u00fcn\u00fcyor. \u015eirketin 2025&#8217;in ilk dokuz ay\u0131ndaki net sat\u0131\u015flar\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %5,17&#8217;lik bir azal\u0131\u015fla <b>2.504.797.865 TL&#8217;den 2.375.282.152 TL&#8217;ye<\/b> gerilemi\u015f durumda. Daha da \u00e7arp\u0131c\u0131 olan\u0131 ise, \u015firket bir \u00f6nceki y\u0131l <b>19.731.597 TL net k\u00e2r<\/b> a\u00e7\u0131klarken, bu y\u0131l\u0131n ayn\u0131 d\u00f6nemini <b>25.462.443 TL net zarar<\/b> ile kapatm\u0131\u015f.<\/p>\n<p>Bu veriler k\u0131sa vadede bir zorlanmaya i\u015faret ederken, \u015firketin ayn\u0131 d\u00f6nemdeki yat\u0131r\u0131m tablosu tamamen farkl\u0131 bir hikaye anlat\u0131yor. Barem Ambalaj, bu k\u0131sa vadeli zorluklara ra\u011fmen, maddi duran varl\u0131klara <b>toplam 2.222.572.328 TL&#8217;lik<\/b> devasa bir yat\u0131r\u0131m yapm\u0131\u015f. Bu tutar\u0131n <b>1.930.940.937 TL&#8217;sinin<\/b> ise do\u011frudan &#8220;Yap\u0131lmakta Olan Yat\u0131r\u0131mlar&#8221; kaleminde yer almas\u0131, stratejinin b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p><b>Analiz:<\/b> Bu durum, y\u00f6netimin k\u0131sa vadeli finansal dalgalanmalara tak\u0131lmadan, \u015firketin gelece\u011fini g\u00fcvence alt\u0131na alacak uzun vadeli ve stratejik bir vizyonla hareket etti\u011fini g\u00f6steriyor. K\u00e2rl\u0131l\u0131\u011f\u0131n d\u00fc\u015ft\u00fc\u011f\u00fc bir d\u00f6nemde bu \u00f6l\u00e7ekte yat\u0131r\u0131mlara devam etmek, \u015firketin kendine, sekt\u00f6r\u00fcne ve gelece\u011fe olan g\u00fcveninin en g\u00fc\u00e7l\u00fc i\u015faretlerinden biridir.<\/p>\n<h3><b>2. At\u0131ktan De\u011fer Yaratmak: T\u00fcrkiye&#8217;nin En B\u00fcy\u00fcklerinden Biri Olacak K\u00e2\u011f\u0131t Fabrikas\u0131<\/b><\/h3>\n<p>Rapordaki en dikkat \u00e7ekici stratejik hamle, \u015f\u00fcphesiz Konya Ere\u011fli&#8217;de devam eden k\u00e2\u011f\u0131t fabrikas\u0131 yat\u0131r\u0131m\u0131. Bu yat\u0131r\u0131m\u0131n temel amac\u0131, \u015firketin ana hammaddesi olan k\u00e2\u011f\u0131d\u0131, tamamen kendi b\u00fcnyesinde ve daha da \u00f6nemlisi &#8220;at\u0131k k\u00e2\u011f\u0131ttan&#8221; \u00fcreterek dikey bir entegrasyon sa\u011flamak.<\/p>\n<p>Yat\u0131r\u0131m\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fc ise projenin \u00f6nemini g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li><b>Arsa:<\/b> 100.000 m\u00b2<\/li>\n<li><b>Kapasite:<\/b> Y\u0131ll\u0131k 300.000 ton \u00fcretim<\/li>\n<li><b>\u0130stihdam:<\/b> \u0130lk etapta 200 ki\u015filik yeni istihdam<\/li>\n<\/ul>\n<p>Rapora g\u00f6re proje art\u0131k son a\u015famaya gelmi\u015f durumda. \u015eirket, yat\u0131r\u0131m\u0131n teknik durumunu \u015fu \u015fekilde \u00f6zetliyor: &#8220;<b>Mevcut durum itibariyle makine so\u011fuk \u00e7evrim testleri yap\u0131lmakta olup deneme \u00fcretimine ba\u015fland\u0131\u011f\u0131nda konu kamuya duyurulacakt\u0131r.<\/b>&#8221;<\/p>\n<p><b>Analiz:<\/b> Bu yat\u0131r\u0131m sadece bir kapasite art\u0131\u015f\u0131ndan \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor. Kendi hammaddesini \u00fcretecek olan Barem Ambalaj, hem tedarik g\u00fcvenli\u011fini garanti alt\u0131na alacak hem de maliyetler \u00fczerinde mutlak bir kontrol sa\u011flayacak. At\u0131k k\u00e2\u011f\u0131d\u0131 hammadde olarak kullanmas\u0131 ise \u015firketin d\u00f6ng\u00fcsel ekonomi prensiplerine olan ba\u011fl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steren \u00e7ok katmanl\u0131 bir stratejik hamle. Bu ad\u0131m, Barem Ambalaj&#8217;\u0131 sekt\u00f6rde \u00e7ok daha rekabet\u00e7i bir konuma ta\u015f\u0131ma potansiyeline sahip.<\/p>\n<h3><b>3. Kendi Enerjisini \u00dcretip Fazlas\u0131n\u0131 Satmak: Kojenerasyon Tesisi Hamlesi<\/b><\/h3>\n<p>Barem Ambalaj&#8217;\u0131n vizyonu sadece kendi hammaddesini \u00fcretmekle s\u0131n\u0131rl\u0131 de\u011fil. \u015eirket, Konya&#8217;daki bu dev fabrikan\u0131n enerji ihtiyac\u0131n\u0131 kar\u015f\u0131lamak i\u00e7in bir ad\u0131m daha atarak, tesise entegre bir Kojenerasyon (elektrik ve \u0131s\u0131y\u0131 birlikte \u00fcreten) Santrali kuruyor. Projenin en \u015fa\u015f\u0131rt\u0131c\u0131 y\u00f6n\u00fc ise \u00e7ift ama\u00e7l\u0131 olmas\u0131: Tesis hem fabrikan\u0131n enerji ihtiyac\u0131n\u0131n bir k\u0131sm\u0131n\u0131 kar\u015f\u0131layacak hem de &#8220;kullan\u0131mdan arta kalan elektri\u011fin ulusal sistem \u00fczerinden ticaretini yapacak&#8221;.<\/p>\n<p>Bu enerji hamlesi i\u00e7in \u015firket, Murel Yat\u0131r\u0131m \u0130n\u015faat A.\u015e. ile <b>37,650 MWm mekanik (32,000 MWe elektriksel) g\u00fcce<\/b> sahip bir tesisin kurulumu i\u00e7in tam <b>31.000.000 USD<\/b> tutar\u0131nda bir s\u00f6zle\u015fme imzalam\u0131\u015f durumda.<\/p>\n<p><b>Analiz:<\/b> Bu hamle, \u015firketin sadece bir maliyet kalemi olan enerjiyi kontrol alt\u0131na alma hedefinin \u00f6tesine ge\u00e7ti\u011fini g\u00f6steriyor. Barem Ambalaj, bu yat\u0131r\u0131mla ayn\u0131 zamanda enerji piyasas\u0131nda bir oyuncu haline gelerek kendisine yepyeni bir gelir kap\u0131s\u0131 yaratma vizyonunu ortaya koyuyor. Bu, olduk\u00e7a ileri g\u00f6r\u00fc\u015fl\u00fc ve yenilik\u00e7i bir stratejidir.<\/p>\n<h3><b>4. Sessiz ve Derinden Avrupa&#8217;ya A\u00e7\u0131l\u0131m: \u0130ngiltere Merkezli Yeni \u015eirket<\/b><\/h3>\n<p>Raporun sat\u0131r aralar\u0131nda gizlenen bir di\u011fer \u00f6nemli stratejik ad\u0131m ise \u015firketin uluslararas\u0131 alandaki b\u00fcy\u00fcme hamlesi. Barem Ambalaj, 25 Eyl\u00fcl 2024 tarihinde %100&#8217;\u00fc kendi sermayesine ait olan &#8220;Barem Packaging Ltd&#8221; unvanl\u0131 \u015firketin kurulu\u015f i\u015flemlerini \u0130ngiltere&#8217;de tamamlad\u0131.<\/p>\n<p>Bu yeni \u015firketin amac\u0131 raporda net bir \u015fekilde ifade ediliyor: &#8220;Avrupa b\u00f6lgesindeki varl\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirmek, bu b\u00f6lgedeki ihracat \u00f6rg\u00fctlenmesini ve geli\u015fimini sa\u011flamak.&#8221; Nisan 2025 itibar\u0131yla faaliyetlerine ba\u015flayan bu \u015firket, Barem&#8217;in Avrupa operasyonlar\u0131n\u0131n merkezi olacak.<\/p>\n<p><b>Analiz:<\/b> Bu ad\u0131m, Barem Ambalaj&#8217;\u0131n &#8220;T\u00fcrkiye&#8217;de \u00fcretip yurt d\u0131\u015f\u0131na satan&#8221; bir \u015firket modelinden, uluslararas\u0131 pazarlarda yerle\u015fik bir oyuncu olma hedefine ge\u00e7ti\u011fini a\u00e7\u0131k\u00e7a g\u00f6steriyor. \u0130ngiltere merkezli bir \u015firket kurmak, markan\u0131n k\u00fcresel tan\u0131n\u0131rl\u0131\u011f\u0131, pazar pay\u0131 ve Avrupa&#8217;daki m\u00fc\u015fterilere daha yak\u0131n olma stratejisi i\u00e7in at\u0131lm\u0131\u015f kritik bir ad\u0131md\u0131r.<\/p>\n<h3><b>Sonu\u00e7: D\u00f6n\u00fc\u015f\u00fcm\u00fcn Ortas\u0131nda Cesur Bir Duru\u015f<\/b><\/h3>\n<p>Barem Ambalaj&#8217;\u0131n 2025 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek raporu, bize k\u0131sa vadeli finansal sonu\u00e7lar\u0131n \u00f6tesinde b\u00fcy\u00fck bir d\u00f6n\u00fc\u015f\u00fcm s\u00fcrecini ve gelece\u011fe yap\u0131lan milyarlarca liral\u0131k cesur bahisleri g\u00f6steriyor. Dikey entegrasyonla hammadde ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131, kojenerasyon tesisiyle enerji alan\u0131nda yeni bir oyun kuruculuk ve \u0130ngiltere&#8217;deki \u015firketle k\u00fcresel geni\u015fleme hedefleri, bu stratejinin temel ta\u015flar\u0131n\u0131 olu\u015fturuyor.<\/p>\n<p>Peki, Barem Ambalaj&#8217;\u0131n att\u0131\u011f\u0131 bu dev ad\u0131mlar, \u015firketi gelecekte sekt\u00f6r\u00fcn\u00fcn kurallar\u0131n\u0131 yeniden yazan bir deve d\u00f6n\u00fc\u015ft\u00fcrebilecek mi? \u00d6n\u00fcm\u00fczdeki birka\u00e7 y\u0131l bu sorunun cevab\u0131n\u0131 bize g\u00f6sterecek.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Barem Ambalaj 2025 \u00dc\u00e7\u00fcnc\u00fc \u00c7eyrek Faaliyet Raporu ve Finansal Durum Analizi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Barem Ambalaj Sanayi ve Ticaret A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 itibar\u0131yla sona eren dokuz ayl\u0131k d\u00f6neme ait faaliyetlerini ve finansal performans\u0131n\u0131 \u00f6zetlemektedir. \u015eirket, ana ham maddesi olan ka\u011f\u0131d\u0131 kendi b\u00fcnyesinde \u00fcretmeyi hedefleyen Konya Ere\u011fli Ka\u011f\u0131t Fabrikas\u0131 ba\u015fta olmak \u00fczere, stratejik ve b\u00fcy\u00fck \u00f6l\u00e7ekli bir yat\u0131r\u0131m d\u00f6nemindedir.<\/p>\n<p>Finansal olarak, d\u00f6nemin performans\u0131 bu yo\u011fun yat\u0131r\u0131m s\u00fcrecinin etkilerini yans\u0131tmaktad\u0131r. Toplam \u00fcretim hacmi ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %0,4&#8217;l\u00fck hafif bir art\u0131\u015fla sabit kal\u0131rken, net sat\u0131\u015flar %5,17 oran\u0131nda azalarak 2,375 milyar TL&#8217;ye gerilemi\u015ftir. K\u00e2rl\u0131l\u0131k, artan i\u015fletme ve finansman giderlerinin bask\u0131s\u0131yla \u00f6nemli \u00f6l\u00e7\u00fcde d\u00fc\u015fm\u00fc\u015ft\u00fcr. \u015eirket, 2024&#8217;\u00fcn ayn\u0131 d\u00f6nemindeki 19,73 milyon TL&#8217;lik net k\u00e2ra kar\u015f\u0131l\u0131k, 2025&#8217;in ilk dokuz ay\u0131n\u0131 25,46 milyon TL net zararla kapatm\u0131\u015ft\u0131r.<\/p>\n<p>Stratejik cephede, Konya fabrikas\u0131 yat\u0131r\u0131m\u0131nda sona yakla\u015f\u0131lm\u0131\u015f, makine testleri ba\u015far\u0131yla tamamlanm\u0131\u015f ve deneme \u00fcretimi a\u015famas\u0131na ge\u00e7ilmi\u015ftir. Bu tesis, dikey entegrasyon sa\u011flayarak uzun vadeli maliyet ve tedarik g\u00fcvenli\u011fi avantajlar\u0131 sunmay\u0131 vaat etmektedir. Ayr\u0131ca, fabrikan\u0131n enerji ihtiyac\u0131n\u0131 kar\u015f\u0131lamak \u00fczere bir kojenerasyon tesisi kurulmas\u0131 i\u00e7in EPDK&#8217;dan \u00f6n lisans al\u0131nm\u0131\u015f ve Avrupa pazar\u0131ndaki varl\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirmek amac\u0131yla \u0130ngiltere&#8217;de Barem Packaging Ltd unvan\u0131yla bir \u015firket kurulmu\u015ftur.<\/p>\n<p>Operasyonel olarak, \u00fcretim ve sat\u0131\u015f kompozisyonunda \u00f6nemli bir de\u011fi\u015fim g\u00f6zlenmektedir. &#8220;B Dalga&#8221; kutu \u00fcretim ve sat\u0131\u015flar\u0131nda belirgin bir d\u00fc\u015f\u00fc\u015f ya\u015fan\u0131rken, &#8220;Dopel&#8221; ve &#8220;E Dalga&#8221; kategorilerinde g\u00fc\u00e7l\u00fc art\u0131\u015flar kaydedilmi\u015ftir. K\u0131sa vadeli finansal sonu\u00e7lar yat\u0131r\u0131m harcamalar\u0131n\u0131n bask\u0131s\u0131n\u0131 yans\u0131tsa da, tamamlanmak \u00fczere olan stratejik projeler \u015firketin gelecekteki b\u00fcy\u00fcme ve k\u00e2rl\u0131l\u0131k potansiyeli i\u00e7in kritik bir temel olu\u015fturmaktad\u0131r.<\/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. Kurumsal ve Operasyonel Genel Bak\u0131\u015f<\/h3>\n<h4>1.1. \u015eirket Profili<\/h4>\n<ul>\n<li><b>Unvan:<\/b> BAREM AMBALAJ SANAY\u0130 VE T\u0130CARET ANON\u0130M \u015e\u0130RKET\u0130<\/li>\n<li><b>Faaliyet Alan\u0131:<\/b> Oluklu mukavva, safiha, ofset bask\u0131l\u0131 karton kutu ve her t\u00fcrl\u00fc ambalaj imalat\u0131. \u015eirket, katma de\u011ferli \u00fcr\u00fcn grubu olan ofset bask\u0131l\u0131 s\u0131vamal\u0131 kutu ve ofset bask\u0131l\u0131 karton kutu \u00fcretimine odaklanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Borsa \u0130\u015flem Sembol\u00fc:<\/b> BARMA (Borsa \u0130stanbul&#8217;a kote olma tarihi: 10.08.2022)<\/li>\n<li><b>\u00dcretim Tesisleri:<\/b> Faaliyetler T\u00fcrkiye&#8217;nin \u00fc\u00e7 farkl\u0131 b\u00f6lgesinde; \u0130zmir\/Tire, Gaziantep ve Karaman&#8217;da bulunan \u00fc\u00e7 tesiste y\u00fcr\u00fct\u00fclmektedir.<\/li>\n<li><b>Toplam Y\u0131ll\u0131k Kapasite:<\/b> 112.014.062 kilogram.<\/li>\n<\/ul>\n<h4>1.2. Sermaye ve Ortakl\u0131k Yap\u0131s\u0131<\/h4>\n<p>\u015eirket, kay\u0131tl\u0131 sermaye sistemine tabi olup, 30 Eyl\u00fcl 2025 itibar\u0131yla sermaye yap\u0131s\u0131 a\u015fa\u011f\u0131daki gibidir:<\/p>\n<ul>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 800.000.000 TL<\/li>\n<li><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye:<\/b> 262.500.000 TL<\/li>\n<\/ul>\n<p><b>30.09.2025 \u0130tibar\u0131yla Ortakl\u0131k Yap\u0131s\u0131:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Grup<\/td>\n<td>Ortak Ad\u0131<\/td>\n<td>Sermaye Tutar\u0131 (TL)<\/td>\n<td>Sermaye Oran\u0131 (%)<\/td>\n<\/tr>\n<tr>\n<td>(A)<\/td>\n<td>Recep Ta\u015fyanar<\/td>\n<td>10.000.000<\/td>\n<td>3,81%<\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>Recep Ta\u015fyanar<\/td>\n<td>95.040.355<\/td>\n<td>36,21%<\/td>\n<\/tr>\n<tr>\n<td>(A)<\/td>\n<td>\u015eenferiye Ta\u015fyanar<\/td>\n<td>10.000.000<\/td>\n<td>3,81%<\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>\u015eenferiye Ta\u015fyanar<\/td>\n<td>95.000.000<\/td>\n<td>36,19%<\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>Halka A\u00e7\u0131k K\u0131s\u0131m<\/td>\n<td>52.459.645<\/td>\n<td>19,98%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam<\/b><\/td>\n<td><\/td>\n<td><b>262.500.000<\/b><\/td>\n<td><b>100%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>\u0130mtiyazl\u0131 Paylar:<\/b> (A) Grubu paylar nama yaz\u0131l\u0131 olup, genel kurul toplant\u0131lar\u0131nda her bir pay sahibine 5 (be\u015f) oy hakk\u0131 verir. Y\u00f6netim Kurulu&#8217;nun 6 \u00fcyesinden 3&#8217;\u00fc (A) grubu pay sahipleri veya g\u00f6sterecekleri adaylar aras\u0131ndan se\u00e7ilir.<\/li>\n<\/ul>\n<h4>1.3. \u0130nsan Kaynaklar\u0131<\/h4>\n<ul>\n<li><b>Toplam Personel Say\u0131s\u0131 (30.09.2025):<\/b> 893 ki\u015fi (147 beyaz yakal\u0131, 746 mavi yakal\u0131).<\/li>\n<li><b>De\u011fi\u015fim:<\/b> \u00d6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re toplam personel say\u0131s\u0131nda %6,69&#8217;luk bir azalma ya\u015fanm\u0131\u015ft\u0131r (30.09.2024: 957 ki\u015fi). Mavi yakal\u0131 personel say\u0131s\u0131 %7,90 azal\u0131rken, beyaz yakal\u0131 say\u0131s\u0131 sabit kalm\u0131\u015ft\u0131r.<\/li>\n<li><b>K\u0131dem Tazminat\u0131 Y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc:<\/b> 30.09.2025 itibar\u0131yla \u015firketin k\u0131dem tazminat\u0131 y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc 46.675.135 TL&#8217;dir.<\/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<h3>2. \u00dcretim ve Sat\u0131\u015f Performans\u0131 (01.01.2025 \u2013 30.09.2025)<\/h3>\n<h4>2.1. \u00dcretim Miktarlar\u0131<\/h4>\n<p>D\u00f6nem i\u00e7inde toplam \u00fcretim miktar\u0131, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla %0,4&#8217;l\u00fck bir art\u0131\u015fla 34.336.390 kg olarak ger\u00e7ekle\u015fmi\u015ftir. Ancak \u00fcr\u00fcn baz\u0131nda \u00f6nemli farkl\u0131l\u0131klar mevcuttur.<\/p>\n<p><b>Ger\u00e7ekle\u015fen \u00dcretim Miktarlar\u0131 Kar\u015f\u0131la\u015ft\u0131rmas\u0131 (Kg)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kutu Cinsi<\/td>\n<td>30.09.2025<\/td>\n<td>30.09.2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>B DALGA<\/td>\n<td>9.143.655<\/td>\n<td>12.064.186<\/td>\n<td>-24,2%<\/td>\n<\/tr>\n<tr>\n<td>DOPEL<\/td>\n<td>4.947.588<\/td>\n<td>3.902.767<\/td>\n<td>26,8%<\/td>\n<\/tr>\n<tr>\n<td>E DALGA<\/td>\n<td>14.008.642<\/td>\n<td>11.740.762<\/td>\n<td>19,3%<\/td>\n<\/tr>\n<tr>\n<td>F DALGA<\/td>\n<td>127.135<\/td>\n<td>&#8211;<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>KARTON KUTU<\/td>\n<td>6.109.370<\/td>\n<td>6.475.356<\/td>\n<td>-5,7%<\/td>\n<\/tr>\n<tr>\n<td><b>Genel Toplam<\/b><\/td>\n<td><b>34.336.390<\/b><\/td>\n<td><b>34.183.071<\/b><\/td>\n<td><b>0,4%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>2.2. Sat\u0131\u015f Tutarlar\u0131<\/h4>\n<p>Toplam sat\u0131\u015f tutar\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %5,17 azalarak 2,375 milyar TL olmu\u015ftur. Bu d\u00fc\u015f\u00fc\u015fte, B Dalga ve Karton Kutu sat\u0131\u015flar\u0131ndaki gerileme etkili olurken, Dopel ve E Dalga sat\u0131\u015flar\u0131ndaki art\u0131\u015f d\u00fc\u015f\u00fc\u015f\u00fc s\u0131n\u0131rlam\u0131\u015ft\u0131r.<\/p>\n<p><b>Ger\u00e7ekle\u015fen Sat\u0131\u015f Tutarlar\u0131 Kar\u015f\u0131la\u015ft\u0131rmas\u0131 (Bin TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kutu Cinsi<\/td>\n<td>30.09.2025<\/td>\n<td>30.09.2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>B DALGA<\/td>\n<td>462.423.069<\/td>\n<td>830.486.235<\/td>\n<td>-44,32%<\/td>\n<\/tr>\n<tr>\n<td>DOPEL<\/td>\n<td>390.838.398<\/td>\n<td>268.662.486<\/td>\n<td>45,48%<\/td>\n<\/tr>\n<tr>\n<td>E DALGA<\/td>\n<td>1.027.524.025<\/td>\n<td>808.222.082<\/td>\n<td>27,13%<\/td>\n<\/tr>\n<tr>\n<td>F1 DALGA<\/td>\n<td>12.524.474<\/td>\n<td>0<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>KARTON KUTU<\/td>\n<td>358.478.745<\/td>\n<td>445.756.920<\/td>\n<td>-19,58%<\/td>\n<\/tr>\n<tr>\n<td>D\u0130\u011eER SATI\u015eLAR<\/td>\n<td>123.493.441<\/td>\n<td>151.670.142<\/td>\n<td>-18,58%<\/td>\n<\/tr>\n<tr>\n<td><b>Genel Toplam<\/b><\/td>\n<td><b>2.375.282.152<\/b><\/td>\n<td><b>2.504.797.865<\/b><\/td>\n<td><b>-5,17%<\/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<h3>3. Stratejik Yat\u0131r\u0131mlar ve Geli\u015fmeler<\/h3>\n<p>\u015eirket, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda toplam 2.222.572.328 TL tutar\u0131nda maddi duran varl\u0131k yat\u0131r\u0131m\u0131 yapm\u0131\u015ft\u0131r. Bu tutar\u0131n 1.930.940.937 TL&#8217;lik en b\u00fcy\u00fck k\u0131sm\u0131 &#8220;Yap\u0131lmakta Olan Yat\u0131r\u0131mlar&#8221; kaleminde yer almaktad\u0131r.<\/p>\n<h4>3.1. Konya Ere\u011fli Ka\u011f\u0131t Fabrikas\u0131 Yat\u0131r\u0131m\u0131<\/h4>\n<ul>\n<li><b>Ama\u00e7:<\/b> \u00dcretimde kullan\u0131lan ana hammadde olan ka\u011f\u0131d\u0131n, at\u0131k ka\u011f\u0131ttan \u015firket b\u00fcnyesinde \u00fcretilmesi (dikey entegrasyon).<\/li>\n<li><b>Kapasite ve \u00d6l\u00e7ek:<\/b> Konya Ere\u011fli OSB&#8217;de 100.000 m\u00b2 arsa \u00fczerinde, y\u0131ll\u0131k 300.000 ton kapasiteli olarak planlanm\u0131\u015ft\u0131r. \u0130lk etapta 200 ki\u015fiye istihdam sa\u011flamas\u0131 \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n<li><b>Mevcut Durum:<\/b> \u00dcretim binas\u0131 in\u015faat\u0131 tamamlanm\u0131\u015ft\u0131r. Ka\u011f\u0131t makinas\u0131n\u0131n bas\u0131n\u00e7 testleri, motorlar\u0131n enerjilendirilmesi, su \u00e7evrimi, elektro-mekanik ve fonksiyon testleri olumlu olarak sonu\u00e7lanm\u0131\u015ft\u0131r. Tesis, &#8220;makine so\u011fuk \u00e7evrim testleri&#8221; a\u015famas\u0131nda olup, deneme \u00fcretimine ba\u015flanmas\u0131 planlanmaktad\u0131r.<\/li>\n<\/ul>\n<h4>3.2. Kojenerasyon Tesisi ve Enerji Yat\u0131r\u0131m\u0131<\/h4>\n<ul>\n<li><b>Ama\u00e7:<\/b> Konya Ere\u011fli Ka\u011f\u0131t Fabrikas\u0131&#8217;n\u0131n enerji ihtiyac\u0131n\u0131n bir k\u0131sm\u0131n\u0131 kar\u015f\u0131lamak ve fazla elektri\u011fi ulusal \u015febeke \u00fczerinden satmak.<\/li>\n<li><b>Lisans ve Kapasite:<\/b> Enerji Piyasas\u0131 D\u00fczenleme Kurumu&#8217;ndan (EPDK) 37,650 MWm mekanik (32,000 MWe elektriksel) kurulu g\u00fcce sahip Barem Ambalaj Kojenerasyon Tesisi i\u00e7in \u00f6n lisans al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<li><b>S\u00f6zle\u015fme:<\/b> Tesisin kurulumu i\u00e7in Murel Yat\u0131r\u0131m \u0130n\u015faat A.\u015e. ile 21 ayda devreye alma ko\u015fuluyla 31.000.000 USD tutar\u0131nda bir s\u00f6zle\u015fme imzalanm\u0131\u015ft\u0131r. \u0130n\u015faat ve montaj \u00e7al\u0131\u015fmalar\u0131 devam etmektedir.<\/li>\n<\/ul>\n<h4>3.3. Uluslararas\u0131 Geni\u015fleme: Barem Packaging Ltd<\/h4>\n<ul>\n<li><b>Kurulu\u015f:<\/b> \u015eirketin Avrupa&#8217;daki varl\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendirmek amac\u0131yla \u0130ngiltere&#8217;de %100 Barem Ambalaj sermayeli &#8220;Barem Packaging Ltd&#8221; unvanl\u0131 ba\u011fl\u0131 ortakl\u0131k kurulmu\u015ftur. Kurulu\u015f i\u015flemleri 25.09.2024 tarihinde tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Faaliyet:<\/b> \u015eirket, Nisan 2025 itibar\u0131yla faaliyetlerine ba\u015flam\u0131\u015ft\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<h3>4. Finansal Durum Analizi (30.09.2025)<\/h3>\n<h4>4.1. Bilan\u00e7o Analizi<\/h4>\n<p>\u015eirketin konsolide finansal durum tablosu, yat\u0131r\u0131m harcamalar\u0131 nedeniyle varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerde \u00f6nemli bir art\u0131\u015f g\u00f6stermektedir.<\/p>\n<p><b>\u00d6zet Konsolide Bilan\u00e7o (TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/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>1.738.946.441<\/td>\n<td>1.628.418.035<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>9.726.199.290<\/td>\n<td>8.165.713.712<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>11.465.145.731<\/b><\/td>\n<td><b>9.794.131.747<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>3.097.124.456<\/td>\n<td>2.811.670.465<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>4.217.062.704<\/td>\n<td>2.806.040.269<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>4.150.958.571<\/b><\/td>\n<td><b>4.176.421.013<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>11.465.145.731<\/b><\/td>\n<td><b>9.794.131.747<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>4.2. Gelir Tablosu Analizi<\/h4>\n<p>2025&#8217;in ilk dokuz ay\u0131nda net sat\u0131\u015flardaki d\u00fc\u015f\u00fc\u015f ve artan maliyetler, \u015firketin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 olumsuz etkileyerek net zarara yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n<p><b>\u00d6zet Konsolide Gelir Tablosu (TL)<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>01.01.2025 &#8211; 30.09.2025<\/td>\n<td>01.01.2024 &#8211; 30.09.2024<\/td>\n<\/tr>\n<tr>\n<td>Net Sat\u0131\u015flar<\/td>\n<td>2.375.282.152<\/td>\n<td>2.504.797.865<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar<\/td>\n<td>619.528.336<\/td>\n<td>661.403.236<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131<\/td>\n<td>233.451.728<\/td>\n<td>407.707.383<\/td>\n<\/tr>\n<tr>\n<td>Finansman Giderleri (-)<\/td>\n<td>(323.043.379)<\/td>\n<td>(314.062.975)<\/td>\n<\/tr>\n<tr>\n<td>Vergi \u00d6ncesi Kar\/(Zarar)<\/td>\n<td>255.914.659<\/td>\n<td>115.139.963<\/td>\n<\/tr>\n<tr>\n<td>S\u00fcrd\u00fcr\u00fclen Faaliyetler Vergi Gideri<\/td>\n<td>(281.377.102)<\/td>\n<td>(95.408.366)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net Kar\u0131\/(Zarar\u0131)<\/b><\/td>\n<td><b>(25.462.443)<\/b><\/td>\n<td><b>19.731.597<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>4.3. \u00d6nemli Finansal Oranlar<\/h4>\n<p>K\u00e2rl\u0131l\u0131k marjlar\u0131ndaki d\u00fc\u015f\u00fc\u015f ve finansal kald\u0131ra\u00e7taki art\u0131\u015f, yat\u0131r\u0131m d\u00f6neminin finansal tablo \u00fczerindeki etkilerini a\u00e7\u0131k\u00e7a g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Oran (%)<\/td>\n<td>30.09.2025<\/td>\n<td>30.09.2024<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Kar Marj\u0131<\/td>\n<td>26,08%<\/td>\n<td>26,41%<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar Marj\u0131<\/td>\n<td>9,83%<\/td>\n<td>16,28%<\/td>\n<\/tr>\n<tr>\n<td>FAV\u00d6K Marj\u0131<\/td>\n<td>12,35%<\/td>\n<td>18,08%<\/td>\n<\/tr>\n<tr>\n<td>Net Kar Marj\u0131<\/td>\n<td>-1,07%<\/td>\n<td>0,79%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Oran (%)<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>56,15%<\/td>\n<td>57,92%<\/td>\n<\/tr>\n<tr>\n<td>Y\u00fck\u00fcml\u00fcl\u00fckler \/ Varl\u0131klar<\/td>\n<td>63,79%<\/td>\n<td>57,36%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>4.4. Nakit Ak\u0131\u015f\u0131<\/h4>\n<p>D\u00f6nem i\u00e7inde yat\u0131r\u0131m faaliyetlerinden kaynaklanan nakit \u00e7\u0131k\u0131\u015f\u0131 (2,27 milyar TL), b\u00fcy\u00fck \u00f6l\u00e7\u00fcde finansman faaliyetlerinden (1,17 milyar TL&#8217;lik yeni bor\u00e7lanma) ve i\u015fletme faaliyetlerinden elde edilen nakit ile kar\u015f\u0131lanm\u0131\u015ft\u0131r. Nakit ve nakit benzerleri d\u00f6nem ba\u015f\u0131nda 156,27 milyon TL iken d\u00f6nem sonunda 76,45 milyon TL&#8217;ye gerilemi\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<h3>5. Kurumsal Y\u00f6netim ve Di\u011fer \u00d6nemli Bilgiler<\/h3>\n<h4>5.1. Kredi Derecelendirme Notu<\/h4>\n<p>JCR Eurasia Rating, \u015firketin Uzun Vadeli Ulusal Kurum Kredi Notu&#8217;nu \u2018A+ (Tr)&#8217;, K\u0131sa Vadeli Ulusal Kurum Kredi Notu&#8217;nu \u2018J1 (Tr)&#8217; ve g\u00f6r\u00fcn\u00fcmlerini \u2018Stabil&#8217; olarak belirlemi\u015ftir. Bu notlar &#8220;Y\u00fcksek Kredi Kalitesi&#8221; ve &#8220;Yat\u0131r\u0131m Yap\u0131labilir&#8221; seviyeye i\u015faret etmektedir.<\/p>\n<h4>5.2. K\u00e2r Da\u011f\u0131t\u0131m Politikas\u0131<\/h4>\n<p>23 May\u0131s 2025 tarihli Ola\u011fan Genel Kurul toplant\u0131s\u0131nda, da\u011f\u0131t\u0131labilir k\u00e2r matrah\u0131 olu\u015fmamas\u0131 nedeniyle 2024 y\u0131l\u0131 i\u00e7in k\u00e2r pay\u0131 da\u011f\u0131t\u0131m\u0131 yap\u0131lmamas\u0131na karar verilmi\u015ftir.<\/p>\n<h4>5.3. Te\u015fvikler ve Ba\u011f\u0131\u015flar<\/h4>\n<ul>\n<li><b>Al\u0131nan Te\u015fvikler:<\/b> 01.01.2025-30.09.2025 d\u00f6neminde Fuar ve SGK te\u015fviklerinden toplam 8.766.535,64 TL faydalan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Yap\u0131lan Ba\u011f\u0131\u015flar:<\/b> Ayn\u0131 d\u00f6nemde 338.000 TL ba\u011f\u0131\u015f ve yard\u0131m yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u00dcst D\u00fczey Y\u00f6netici \u00dccretleri:<\/b> 01.01.2025-30.09.2025 d\u00f6neminde \u00fcst d\u00fczey y\u00f6neticilere sa\u011flanan faydalar toplam\u0131 8.145.295 TL&#8217;dir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"698\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **Barem Ambalaj Sanayi ve Ticaret A.\u015e.** \u015firketinin 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131na ait **faaliyet ve finansal raporlar\u0131n\u0131** i\u00e7ermektedir. Kaynaklarda kurumun **ortakl\u0131k yap\u0131s\u0131**, y\u00f6netim kadrosu ve \u0130zmir, Gaziantep ile Karaman\u2019daki **\u00fcretim tesisleri** hakk\u0131nda detayl\u0131 bilgiler sunulmaktad\u0131r. \u00d6zellikle **Konya Ere\u011fli**&#8217;de devam eden yeni ka\u011f\u0131t fabrikas\u0131 yat\u0131r\u0131m\u0131 ile enerji ihtiyac\u0131n\u0131 kar\u015f\u0131lamaya y\u00f6nelik **kojenerasyon tesisi** projeleri stratejik hedefler olarak \u00f6ne \u00e7\u0131kmaktad\u0131r. \u015eirketin Avrupa pazar\u0131ndaki etkinli\u011fini art\u0131rmak amac\u0131yla **\u0130ngiltere\u2019de kurdu\u011fu yeni ba\u011fl\u0131 ortakl\u0131k** ve yat\u0131r\u0131m yap\u0131labilir seviyedeki **kredi notu** raporlarda vurgulanm\u0131\u015ft\u0131r. Ayr\u0131ca personel e\u011fitimleri, **kapasite kullan\u0131m oranlar\u0131** ve d\u00f6nem sonu itibar\u0131yla olu\u015fan **temel finansal g\u00f6stergeler** verilerle a\u00e7\u0131klanmaktad\u0131r. Son olarak, genel kurul s\u00fcre\u00e7leri, ba\u011f\u0131ms\u0131z denetim se\u00e7imleri ve yasal mevzuat uyumuna ili\u015fkin **kurumsal y\u00f6netim** detaylar\u0131 payla\u015f\u0131lmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[169],"class_list":["post-698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-barma"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/698","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=698"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/698\/revisions"}],"predecessor-version":[{"id":735,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/698\/revisions\/735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/734"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}