{"id":53992,"date":"2026-01-14T14:08:25","date_gmt":"2026-01-14T14:08:25","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/01\/14\/tupras-tuprs-bilanco-degerlendirmesi\/"},"modified":"2026-01-14T14:08:25","modified_gmt":"2026-01-14T14:08:25","slug":"tupras-tuprs-bilanco-degerlendirmesi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/01\/14\/tupras-tuprs-bilanco-degerlendirmesi\/","title":{"rendered":"T\u00fcpra\u015f (TUPRS) bilan\u00e7o de\u011ferlendirmesi"},"content":{"rendered":"<p>T\u00fcpra\u015f T\u00fcrkiye Petrol Rafinerileri A.\u015e. (TUPRS) 2025 y\u0131l\u0131 3. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/kategori\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131;<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/10\/tuprs-2.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-371795\" title=\"2 kurum Ford Otomotiv (FROTO) i\u00e7in hedef fiyatlar\u0131n\u0131 a\u00e7\u0131klad\u0131 6 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">T\u00fcpra\u015f T\u00fcrkiye Petrol Rafinerileri A.\u015e. hisse haberleri \u2013 TUPRS hisse yorumu<\/h2>\n<p>\u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong>Net kar beklentileri a\u015ft\u0131:\u00a0<\/strong>T\u00fcpra\u015f, 3\u00c725\u2019te beklentilerin \u00fczerinde (\u0130\u015f Yat\u0131r\u0131m: 10,6 milyar TL; piyasa: 10,9 milyar TL) 12,2 milyar TL net kar rakam\u0131 a\u00e7\u0131klad\u0131. Finansal gelirlerdeki gerilemeye ra\u011fmen parasal kay\u0131plardaki kayda de\u011fer d\u00fc\u015f\u00fc\u015f net kar\u0131n y\u0131ll\u0131k bazda  artmas\u0131nda etkili oldu. Tahminimizdeki sapmada net parasal kazanc\u0131n beklentimizden d\u00fc\u015f\u00fck gelmesi ve operasyonel performans\u0131n beklentimizinden g\u00fc\u00e7l\u00fc seyretmesi etkili oldu. \u015eirket, 3\u00c725\u2019te beklentilerin hafif \u00fczerinde (\u0130\u015f Yat\u0131r\u0131m: 208 milyar TL; piyasa: 208 milyar TL), petrol fiyatlar\u0131ndaki gerileme sonucu y\u0131ll\u0131k bazda  d\u00fc\u015f\u00fc\u015fle 221 milyar TL net sat\u0131\u015f geliri elde etti. FAV\u00d6K piyasa beklentisine yak\u0131n, bizim tahminimizin \u00fczerinde (\u0130\u015f Yat\u0131r\u0131m: 17,2 milyar TL; piyasa: 19,2 milyar TL), 3\u00c725\u2019te y\u0131ll\u0131k bazda yatay kalarak 19,8 milyar TL olarak ger\u00e7ekle\u015fti. \u00dcr\u00fcn marjlar\u0131ndaki art\u0131\u015f, daralan ham petrol fiyat fark\u0131, stok etkisi, y\u00fcksek enerji maliyetleri ve TL\u2019nin reel de\u011fer kazan\u0131m\u0131ndan kaynaklanan bask\u0131lar\u0131 dengeledi.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"520\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/11\/E4D24884-02BC-48BE-8221-5320B959F285-1024x520.png\" alt=\"| Rota Borsa\" class=\"wp-image-380247\" title=\"| Rota Borsa\" \/><\/figure>\n<p><strong>Geni\u015fleyen \u00fcr\u00fcn marjlar\u0131 daralan a\u011f\u0131r-hafif ham petrol fiyat makaslar\u0131n\u0131 telafi etti:<\/strong>\u00a0T\u00fcpra\u015f, 3\u00c725\u2019te 0 KKO ile 7,2 milyon ton \u00fcretim ger\u00e7ekle\u015ftirdi (3\u00c724: 7,3 milyon ton) ve 8,0 milyon ton sat\u0131\u015f hacmine ula\u015ft\u0131 (3\u00c724: 8,1 milyon ton). \u00dcr\u00fcn marjlar\u0131, devam eden jeopolitik sorunlar, beklenenin \u00fczerinde rafineri bak\u0131mlar\u0131 ile sanayi ve ta\u015f\u0131mac\u0131l\u0131k sekt\u00f6rlerindeki g\u00fc\u00e7l\u00fc talep sayesinde hem \u00e7eyreksel hem de y\u0131ll\u0131k bazda belirgin \u015fekilde y\u00fckseldi. T\u00fcrkiye\u2019de yak\u0131t talebi 2025\u2019in ilk 8 ay\u0131nda, s\u0131ras\u0131yla ,9 ve ,1 artan benzin ve jet yak\u0131t\u0131 talebinin yan\u0131 s\u0131ra g\u00fc\u00e7l\u00fc dizel talebiyle desteklenerek art\u0131\u015f g\u00f6sterdi. OPEC  taraf\u0131ndan al\u0131nan \u00fcretim art\u0131\u015f karar\u0131na ra\u011fmen, jeopolitik sorunlar ve yapt\u0131r\u0131mlar\u0131n etkisiyle a\u011f\u0131r-hafif ham petrol fiyat makas\u0131 3\u00c725\u2019te darald\u0131. Net rafineri marj\u0131 3\u00c725\u2019te 9,7 dolar\/varil seviyesinde ger\u00e7ekle\u015ferek 2\u00c725\u2019teki 5,3 dolar\/varil ve 3\u00c724\u2019teki 6,8 dolar\/varil seviyelerinin belirgin \u015fekilde \u00fczerinde ger\u00e7ekle\u015fti.<br \/><strong>G\u00fc\u00e7l\u00fc nakit yarat\u0131m\u0131.<\/strong>\u00a0\u015eirket 3\u00c725\u2019te i\u015fletme sermayesi ihtiyac\u0131ndaki d\u00fc\u015f\u00fc\u015f ve g\u00fc\u00e7l\u00fc operasyonel performans sayesinde 33,7 milyar TL serbest nakit ak\u0131m\u0131 \u00fcretti ve net nakit pozisyonu 2\u00c725 sonundaki 52,7 milyar TL\u2019den 3\u00c725 sonunda 74,4 milyar TL\u2019ye y\u00fckseldi.<br \/><strong>Beklentiler <\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcpra\u015f T\u00fcrkiye Petrol Rafinerileri A.\u015e. (TUPRS) 2025 y\u0131l\u0131 3. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131; T\u00fcpra\u015f T\u00fcrkiye Petrol Rafinerileri A.\u015e. hisse haberleri \u2013 TUPRS hisse yorumu \u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cNet kar beklentileri a\u015ft\u0131:\u00a0T\u00fcpra\u015f, 3\u00c725\u2019te beklentilerin \u00fczerinde [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":53993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilanco-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/53992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=53992"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/53992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/53993"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=53992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=53992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=53992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}