{"id":51274,"date":"2026-02-23T10:30:14","date_gmt":"2026-02-23T07:30:14","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/02\/23\/bilanco-sezonu-a1cap-ve-hdfgsten-guclu-karlilik-bazi-sirketlerde-zarar"},"modified":"2026-02-23T10:30:14","modified_gmt":"2026-02-23T07:30:14","slug":"bilanco-sezonu-a1cap-ve-hdfgsten-guclu-karlilik-bazi-sirketlerde-zarar","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/02\/23\/bilanco-sezonu-a1cap-ve-hdfgsten-guclu-karlilik-bazi-sirketlerde-zarar\/","title":{"rendered":"Bilan\u00e7o sezonu: A1CAP ve HDFGS\u2019ten g\u00fc\u00e7l\u00fc karl\u0131l\u0131k, baz\u0131 \u015firketlerde zarar"},"content":{"rendered":"

BMD Ara\u015ft\u0131rma\u2019n\u0131n de\u011ferlendirmesine g\u00f6re, 12A25 bilan\u00e7osunu a\u00e7\u0131klayan \u015firketler aras\u0131nda finansal performans a\u00e7\u0131s\u0131ndan farkl\u0131la\u015fmalar ya\u015fand\u0131.<\/p>\n

A1CAP 12A25 d\u00f6neminde gelirlerini y\u0131ll\u0131k bazda y\u00fczde 39,2 oran\u0131nda azaltarak 33.065 milyon TL\u2019ye d\u00fc\u015f\u00fcrd\u00fc. Buna kar\u015f\u0131n \u015firketin br\u00fct k\u00e2r\u0131 y\u00fczde 92,5 art\u0131\u015fla 9.931 milyon TL\u2019ye y\u00fckseldi. 12A24 d\u00f6neminde 4.123 milyon TL olan FAV\u00d6K, y\u00fczde 111,1 art\u0131\u015fla 8.703 milyon TL\u2019ye \u00e7\u0131kt\u0131. Net k\u00e2r ise y\u00fczde 689,9 art\u0131\u015fla 484 milyon TL\u2019den 3.824 milyon TL\u2019ye y\u00fckseldi. \u015eirketin d\u00fcnk\u00fc kapan\u0131\u015f fiyat\u0131na g\u00f6re FD\/FAV\u00d6K \u00e7arpan\u0131 0,57x, F\/K \u00e7arpan\u0131 ise 2,86x seviyesinde ger\u00e7ekle\u015fti.<\/p>\n

BSOKE 12A25\u2019te gelirlerini y\u00fczde 4 art\u0131rarak 5.815 milyon TL\u2019ye \u00e7\u0131kard\u0131. Br\u00fct k\u00e2r y\u00fczde 71 art\u0131\u015fla 403 milyon TL olurken, FAV\u00d6K y\u00fczde 256,3 y\u00fckseli\u015fle 421 milyon TL\u2019ye ula\u015ft\u0131. Ancak \u015firket, \u00f6nceki y\u0131l 328 milyon TL net k\u00e2r a\u00e7\u0131klam\u0131\u015fken, 12A25 d\u00f6neminde 120 milyon TL net zarar bildirdi. \u015eirketin FD\/FAV\u00d6K \u00e7arpan\u0131 116,27x olarak hesapland\u0131.<\/p>\n

BTCIM\u2019de ise gelirler y\u00fczde 18,8 azal\u0131\u015fla 14.289 milyon TL\u2019ye geriledi. Br\u00fct k\u00e2r y\u00fczde 31 d\u00fc\u015f\u00fc\u015fle 1.439 milyon TL olurken, FAV\u00d6K y\u00fczde 35,1 azal\u0131\u015fla 1.358 milyon TL\u2019ye indi. \u015eirket, 29 milyon TL olan net k\u00e2r\u0131n\u0131 229 milyon TL net zarara \u00e7evirdi. FD\/FAV\u00d6K \u00e7arpan\u0131 24,60x seviyesinde ger\u00e7ekle\u015fti.<\/p>\n

CEMTS 12A25 d\u00f6neminde gelirlerini y\u00fczde 17 azaltarak 6.271 milyon TL olarak a\u00e7\u0131klad\u0131. Br\u00fct k\u00e2r y\u00fczde 10,8 d\u00fc\u015f\u00fc\u015fle 1.003 milyon TL olurken, FAV\u00d6K y\u00fczde 6,8 gerileyerek 793 milyon TL\u2019ye indi. Net zarar ise 39 milyon TL\u2019den 116 milyon TL\u2019ye y\u00fckseldi. \u015eirketin FD\/FAV\u00d6K \u00e7arpan\u0131 7,08x seviyesinde kaydedildi.<\/p>\n

HDFGS ise g\u00fc\u00e7l\u00fc performans\u0131yla \u00f6ne \u00e7\u0131kt\u0131. \u015eirketin gelirleri y\u00fczde 88,2 art\u0131\u015fla 1.100 milyon TL\u2019ye y\u00fckselirken, br\u00fct k\u00e2r da ayn\u0131 oranda artarak 1.100 milyon TL oldu. FAV\u00d6K y\u00fczde 93,5 art\u0131\u015fla 1.042 milyon TL\u2019ye ula\u015ft\u0131. \u00d6nceki y\u0131l 386 milyon TL net zarar a\u00e7\u0131klayan \u015firket, 12A25 d\u00f6neminde 296 milyon TL net k\u00e2r elde etti. D\u00fcnk\u00fc kapan\u0131\u015f fiyat\u0131na g\u00f6re FD\/FAV\u00d6K \u00e7arpan\u0131 3,56x, F\/K \u00e7arpan\u0131 ise 12,59x seviyesinde hesapland\u0131.<\/p>\n

BMD Ara\u015ft\u0131rma\u2019n\u0131n de\u011ferlendirmesine g\u00f6re, bilan\u00e7o d\u00f6neminde \u015firketler aras\u0131nda operasyonel k\u00e2rl\u0131l\u0131kta ayr\u0131\u015fma dikkat \u00e7ekerken, baz\u0131 firmalarda net k\u00e2r taraf\u0131nda belirgin toparlanma g\u00f6zlendi.<\/p>\n

<\/strong>
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u0130stanbul, 23 \u015eubat (hibya) – BMD Ara\u015ft\u0131rma, 12A25 d\u00f6nemine ili\u015fkin finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klayan \u015firketlerin \u00f6zet verilerini payla\u015ft\u0131. A\u00e7\u0131klamaya g\u00f6re baz\u0131 \u015firketlerde k\u00e2rl\u0131l\u0131k art\u0131\u015f\u0131 \u00f6ne \u00e7\u0131karken, baz\u0131 firmalarda net zarar dikkat \u00e7ekti.<\/p>\n","protected":false},"author":1,"featured_media":51275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-51274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/51274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=51274"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/51274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/51275"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=51274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=51274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=51274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}