{"id":65836,"date":"2026-04-10T13:27:39","date_gmt":"2026-04-10T13:27:39","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/10\/kaleseramik-klser-2025-4-ceyrek-bilanco-degerlendirmesi\/"},"modified":"2026-04-10T13:27:39","modified_gmt":"2026-04-10T13:27:39","slug":"kaleseramik-klser-2025-4-ceyrek-bilanco-degerlendirmesi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/10\/kaleseramik-klser-2025-4-ceyrek-bilanco-degerlendirmesi\/","title":{"rendered":"Kaleseramik (KLSER) 2025 4. \u00e7eyrek bilan\u00e7o de\u011ferlendirmesi"},"content":{"rendered":"<p>Kaleseramik, \u00c7anakkale Kalebodur Seramik Sanayi A.\u015e. (KLSER) 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, PhillipCapital 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\/2023\/09\/kale.webp\" alt=\"| Rota Borsa\" class=\"wp-image-56906\" 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\">Enka \u0130n\u015faat ve Sanayi A.\u015e. hisse haberleri \u2013 ENKAI hisse yorumu<\/h2>\n<p>PhillipCapital de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong><em>KLSER 4\u00c725 Sonu\u00e7lar\u0131 (K\u0131smen Pozitif):<\/em><\/strong> KLSER, 4\u00c725 finansallar\u0131nda;<\/p>\n<ul class=\"wp-block-list\">\n<li>Y\u0131ll\u0131k bazda ) art\u0131\u015fla 3,58 milyar TL ciro,<\/li>\n<li>88 milyon TL FAV\u00d6K (4\u00c724: 806 mn TL negatif FAV\u00d6K),<\/li>\n<li>1,48 milyar TL zarar a\u00e7\u0131klad\u0131 (4\u00c724: 1,54 mlr TL zarar).<\/li>\n<\/ul>\n<p>\u015eirket 4\u00c724 d\u00f6neminde \u00fcretimin durduruldu\u011fu ve stoklardan sat\u0131\u015f yap\u0131lan bir s\u00fcre\u00e7 ya\u015fam\u0131\u015ft\u0131. 4\u00c725 d\u00f6neminde ise \u00fcretim ve sat\u0131\u015f taraf\u0131nda normalle\u015fme olmas\u0131 dolay\u0131s\u0131yla operasyonel k\u00e2rl\u0131l\u0131k taraf\u0131nda y\u0131ll\u0131k bazda belirgin bir toparlanma ger\u00e7ekle\u015fti.<br \/>\u015eirket y\u0131l\u0131n son \u00e7eyre\u011finde \u00fcretim maliyetlerinin yatay kalmas\u0131na kar\u015f\u0131n cirodaki belirgin art\u0131\u015f sayesinde ,7 br\u00fct k\u00e2r marj\u0131 elde etti (4\u00c724: -%8,4). Di\u011fer yandan faaliyet giderlerindeki iyile\u015fme ile birlikte esas faaliyet zarar\u0131 237 mn TL\u2019ye geriledi (4\u00c724: -1,16 mlr TL). Operasyonel karl\u0131l\u0131ktaki toparlanma ile birlikte FAV\u00d6K marj\u0131 %2,5 oldu (4\u00c724: -),0).<br \/>Son \u00e7eyrekte net finansman giderlerinde y\u0131ll\u0131k bazda art\u0131\u015f g\u00f6r\u00fcl\u00fcrken 675 mn TL\u2019lik ertelenmi\u015f vergi gideri de k\u00e2rl\u0131l\u0131k \u00fczerine bask\u0131 yaratt\u0131 (4\u00c724: 43 mn TL gider). Sonu\u00e7 olarak operasyonel k\u00e2rl\u0131l\u0131ktaki iyile\u015fmeye kar\u015f\u0131n \u015eirket son \u00e7eyre\u011fi zarar ile tamamlad\u0131.<br \/>\u015eirket 2025 y\u0131l\u0131n\u0131n tamam\u0131nda y\u0131ll\u0131k %8 art\u0131\u015fla 14,06 milyar TL ciro, yakla\u015f\u0131k 137 mn TL negatif FAV\u00d6K (2024: -2,13 mlr TL) ve 3,56 milyar TL zarar (2024: 4,82 mlr TL zarar) kaydetti.<br \/>Y\u0131lsonu itibariyle \u015eirket\u2019in 6,26 mlr TL net bor\u00e7 pozisyonu bulunmaktad\u0131r (3\u00c725 sonu: 6,43 mlr TL).<br \/>Enflasyon muhasebesinin k\u00e2rl\u0131l\u0131k \u00fczerinde yaratt\u0131\u011f\u0131 bask\u0131 devam etse de \u015firket faaliyetlerinde dip noktan\u0131n 2024 sonunda g\u00f6r\u00fcld\u00fc\u011f\u00fc ve son \u00e7eyreklerde operasyonel marjlarda toparlanma e\u011filimi olu\u015fturdu\u011funu g\u00f6r\u00fcyoruz.<br \/>A\u00e7\u0131klanan sonu\u00e7lar\u0131, cirodaki belirgin art\u0131\u015f, operasyonel k\u00e2r marjlar\u0131nda y\u0131ll\u0131k g\u00f6r\u00fclen iyile\u015fme ve faaliyet k\u00e2rl\u0131l\u0131\u011f\u0131nda toparlanma sinyalleri al\u0131nmas\u0131 nedeniyle k\u0131smen pozitif olarak de\u011ferlendiriyoruz, y\u00fcksek bor\u00e7luluk ve zarar ise iyimserli\u011fi s\u0131n\u0131rlayabilir. 2026\u2019dan itibaren yat\u0131r\u0131mlar\u0131n finansallara daha net katk\u0131 vermesiyle birlikte, \u00f6n\u00fcm\u00fczdeki d\u00f6nemde finansal sonu\u00e7larda iyile\u015fme trendinin s\u00fcrebilece\u011fini tahmin ediyoruz.\u201d<\/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<p><em><strong>Kaynak: <\/strong>PhillipCapital Menkul 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<p><em><em><em><em><em><em><em><em><em><em><em><strong>PhillipCapital yasal uyar\u0131s\u0131:<\/strong>\u00a0Burada 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 analizler genel niteliktedir. Bu tavsiyeler 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. T\u00fcm yorum ve tavsiyeler; \u00f6ng\u00f6r\u00fc, tahmin ve fiyat hedeflerinden olu\u015fmaktad\u0131r. Zaman i\u00e7inde piyasa ko\u015fullar\u0131nda meydana gelen de\u011fi\u015fiklikler nedeniyle s\u00f6z konusu yorum ve tavsiyelerde de\u011fi\u015fikli\u011fe gidilebilir. Bu rapordaki t\u00fcm g\u00f6r\u00fc\u015f ve bilgiler \u00f6nceden haber verilmeksizin de\u011fi\u015ftirilebilir. Raporda yer alan bilgi ve veriler, g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan derlenmi\u015f olup, do\u011fruluklar\u0131 ayr\u0131ca ara\u015ft\u0131r\u0131lmam\u0131\u015ft\u0131r. Bu nedenle, bu bilgilerin tam veya do\u011fru olmamas\u0131 nedeniyle do\u011fabilecek zararlardan PhillipCapital Menkul De\u011ferler A.\u015e. ve \u00e7al\u0131\u015fanlar\u0131 sorumlu de\u011fildir. Bu sebeple, okuyucular\u0131n, bu raporlardan elde edilen bilgilere dayanarak hareket etmeden \u00f6nce, bilgilerin do\u011frulu\u011funu teyit ettirmeleri \u00f6nerilir ve bu bilgilere dayan\u0131larak ald\u0131klar\u0131 kararlarda sorumluluk kendilerine aittir. Bilgilerin eksikli\u011fi ve yanl\u0131\u015fl\u0131\u011f\u0131ndan PhillipCapital hi\u00e7bir \u015fekilde sorumlu tutulamaz. Ayr\u0131ca, PhillipCapital ve t\u00fcm \u00e7al\u0131\u015fanlar\u0131n\u0131n, herhangi bir \u015fekilde bilgiler dolay\u0131s\u0131yla ortaya \u00e7\u0131kabilecek, do\u011frudan veya dolayl\u0131 zararlarla ilgili herhangi bir sorumlulu\u011fu yoktur. Sunulan yorum ve tavsiyelerin objektifli\u011fini etkileyebilecek nitelikte bilinen herhangi bir ili\u015fki ve ko\u015ful bulunmamakta olup gerek \u015eirketimiz gerekse m\u00fc\u015fterileri aras\u0131nda do\u011fabilecek \u00f6nemli \u00e7\u0131kar \u00e7at\u0131\u015fmalar\u0131na yol a\u00e7mayacak \u015fekilde haz\u0131rlanmas\u0131 i\u00e7in azami dikkat ve \u00f6zen g\u00f6sterilmi\u015ftir. Burada yer alan bilgiler, bir yat\u0131r\u0131m tavsiyesi, yat\u0131r\u0131m arac\u0131n\u0131n al\u0131m sat\u0131m \u00f6nerisi ya da getiri vaadi de\u011fildir ve Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda yer almamaktad\u0131r.<\/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>Kaleseramik, \u00c7anakkale Kalebodur Seramik Sanayi A.\u015e. (KLSER) 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, PhillipCapital Menkul De\u011ferler A.\u015e.\u2019den geldi. Enka \u0130n\u015faat ve Sanayi A.\u015e. hisse haberleri \u2013 ENKAI hisse yorumu PhillipCapital de\u011ferlendirmesi \u015fu \u015fekilde; \u201cKLSER 4\u00c725 Sonu\u00e7lar\u0131 (K\u0131smen Pozitif): KLSER, 4\u00c725 finansallar\u0131nda; Y\u0131ll\u0131k bazda ) art\u0131\u015fla 3,58 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":65837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65836","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\/65836","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=65836"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/65836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/65837"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=65836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=65836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=65836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}