{"id":63786,"date":"2026-03-17T10:44:18","date_gmt":"2026-03-17T10:44:18","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/17\/alarko-holding-alark-2025-4-ceyrek-bilanco-yorumu\/"},"modified":"2026-03-17T10:44:18","modified_gmt":"2026-03-17T10:44:18","slug":"alarko-holding-alark-2025-4-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/17\/alarko-holding-alark-2025-4-ceyrek-bilanco-yorumu\/","title":{"rendered":"Alarko Holding (ALARK) 2025 4. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>Alarko Holding A.\u015e. (ALARK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/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\/2024\/01\/alark.webp\" alt=\"| Rota Borsa\" class=\"wp-image-134228\" 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\">Alarko Holding A.\u015e. hisse haberleri \u2013 ALARK hisse yorumu<\/h2>\n<p>Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 9,91 art\u0131\u015fla 1.396 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re net sat\u0131\u015flar\u0131 ,83 azal\u0131\u015fla 8.669 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. Faiz vergi ve amortisman \u00f6ncesi zarar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re @,65 azal\u0131\u015fla 1.054milyon TL olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re faiz vergi ve amortisman \u00f6ncesi zarar\u0131 ,04 azal\u0131\u015fla 1.175 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. Ge\u00e7en y\u0131l\u0131n 4. \u00e7eyre\u011finde 2.599 milyon TL net kar a\u00e7\u0131klayan \u015firket, bu y\u0131l\u0131n 4. \u00e7eyre\u011finde 875 milyon TL net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r. 2024 y\u0131l\u0131nda 2.794 milyon TL net kar a\u00e7\u0131klayan \u015firket, 2025 y\u0131l\u0131nda 1.223 milyon TL net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"627\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/F6364B60-D1D7-49E4-A039-4F044B5A79BE-1024x627.png\" alt=\"| Rota Borsa\" class=\"wp-image-424755\" title=\"| Rota Borsa\" \/><\/figure>\n<p>Genel olarak, 4\u00c725 sonu\u00e7lar\u0131n\u0131 konsens\u00fcs beklentilerinin alt\u0131nda kalmas\u0131 nedeniyle negatif olarak de\u011ferlendiriyoruz. Hisse, y\u0131lba\u015f\u0131ndan bu yana %6 de\u011fer kaybetmi\u015f ve BIST-100 Endeksi\u2019nin # alt\u0131nda performans sergilemi\u015f olup, hisse 0,6x PD\/DD \u00e7arpan\u0131 ile i\u015flem g\u00f6rmektedir ve bu seviye son bir y\u0131ll\u0131k tarihsel ortalamas\u0131yla b\u00fcy\u00fck \u00f6l\u00e7\u00fcde uyumludur. 4\u00c725\u2019te konsolide net k\u00e2r negatife d\u00f6nm\u00fc\u015f, bunda a\u011f\u0131rl\u0131kl\u0131 olarak enerji \u00fcretim segmentindeki zay\u0131f performans etkili olmu\u015ftur. Buna kar\u015f\u0131n, kombine FAV\u00d6K y\u0131ll\u0131k bazda %8 artarak 2,5 milyar TL\u2019ye y\u00fckselmi\u015ftir. 2025 y\u0131l\u0131nda konsolide net zarar 1,2 milyar TL olarak ger\u00e7ekle\u015firken, bu rakam 2024\u2019teki 2,8 milyar TL net k\u00e2r\u0131n belirgin \u015fekilde alt\u0131nda kalm\u0131\u015ft\u0131r. Holding baz\u0131nda net nakit pozisyonu, bir \u00f6nceki \u00e7eyrekteki 3,0 milyar TL\u2019den 3,3 milyar TL\u2019ye s\u0131n\u0131rl\u0131 art\u0131\u015f g\u00f6stermi\u015ftir. Cengiz Holding ile planlanan varl\u0131k takas\u0131n\u0131n Haziran 2026\u2019ya kadar tamamlanmas\u0131 beklenmektedir. Bu nedenle \u015firketin finansallar\u0131 y\u0131l\u0131n ikinci yar\u0131s\u0131ndan itibaren \u00f6nemli \u00f6l\u00e7\u00fcde farkl\u0131 bir g\u00f6r\u00fcn\u00fcme sahip olabilir. Hat\u0131rlatmak gerekirse, takas i\u015fleminin ard\u0131ndan Alarko, Meram Elektrik Da\u011f\u0131t\u0131m ve Perakende \u015firketinin 0\u2019\u00fcne sahip olurken, Cenal k\u00f6m\u00fcr santrali tamamen Cengiz Holding\u2019e ge\u00e7ecektir. Halihaz\u0131rda her iki varl\u0131k da P-P ortakl\u0131k yap\u0131s\u0131yla faaliyet g\u00f6stermektedir. Yeni yap\u0131n\u0131n daha d\u00fc\u015f\u00fck beta, daha \u00f6ng\u00f6r\u00fclebilir nakit ak\u0131\u015flar\u0131 ve daha defansif ve cazip bir i\u015f modeli sunmas\u0131 beklenmektedir. Ayr\u0131ca da\u011f\u0131t\u0131m segmentinin tam konsolidasyona al\u0131nmas\u0131 sayesinde finansal \u015feffafl\u0131\u011f\u0131n artmas\u0131 \u00f6ng\u00f6r\u00fclmektedir. D\u00fczenleyici kurum onaylar\u0131n\u0131n y\u0131l\u0131n ilk yar\u0131n\u0131n sonuna kadar al\u0131nmas\u0131, ard\u0131ndan b\u00f6l\u00fcnme s\u00fcrecinin tamamlanmas\u0131 ve yeni finansallar\u0131n konsolidasyonunun ger\u00e7ekle\u015ftirilmesi beklenmektedir. (NEGAT\u0130F)\u201d<br \/>\u27a2 Raporun tamam\u0131n\u0131 PDF olarak g\u00f6r\u00fcnt\u00fclemek i\u00e7in a\u015fa\u011f\u0131daki dosyay\u0131 indirebilirsiniz.<\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object><\/object><a id=\"wp-block-file--media-f1fcc427-397e-499f-88fa-1949e632bac1\" href=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/4c25_finansal-degerlendirme_alark_20260311.pdf\">4c25_finansal-degerlendirme_alark_20260311<\/a><a href=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/4c25_finansal-degerlendirme_alark_20260311.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f1fcc427-397e-499f-88fa-1949e632bac1\">\u0130ndir<\/a><\/div>\n<p><em><strong>Kaynak: <\/strong>Gedik Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\" style=\"font-size:10px\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-social-links aligncenter has-huge-icon-size has-visible-labels has-icon-color is-style-default is-horizontal is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-499968f5 wp-block-social-links-is-layout-flex\">\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-whatsapp has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa WhatsApp kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-telegram has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/rotaborsa_halkaarz\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Telegram kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-x has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rotaborsa\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Twitter hesab\u0131n\u0131 takip edin!<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"MN52cfcyDy\"><p><a href=\"https:\/\/rotaborsa.com\/aselsan-asels-hisseleri-2026-yilinda-bu-fiyati-gorebilir\/\">Aselsan (ASELS) hisseleri 2026 y\u0131l\u0131nda bu fiyat\u0131 g\u00f6rebilir<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><em><strong>Gedik Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong> Burada yer alan bilgiler Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan genel bilgilendirme amac\u0131 ile haz\u0131rlanm\u0131\u015ft\u0131r. Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Herhangi bir yat\u0131r\u0131m arac\u0131n\u0131n al\u0131m-sat\u0131m \u00f6nerisi ya da getiri vaadi olarak yorumlanmamal\u0131d\u0131r. Bu g\u00f6r\u00fc\u015fler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir. Burada yer alan fiyatlar, veriler ve bilgilerin tam ve do\u011fru oldu\u011fu garanti edilemez; i\u00e7erik, haber verilmeksizin de\u011fi\u015ftirilebilir. T\u00fcm veriler, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan al\u0131nm\u0131\u015ft\u0131r. Bu kaynaklar\u0131n kullan\u0131lmas\u0131 nedeni ile ortaya \u00e7\u0131kabilecek hatalardan Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. sorumlu de\u011fildir.<\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><br \/><em><strong>Rota Borsa yasal uyar\u0131s\u0131:<\/strong> Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti, arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alarko Holding A.\u015e. (ALARK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Alarko Holding A.\u015e. hisse haberleri \u2013 ALARK hisse yorumu Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 9,91 art\u0131\u015fla 1.396 milyon TL olmu\u015ftur. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63786","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\/63786","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=63786"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/63786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/63787"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=63786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=63786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=63786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}