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Sağlama record · BIST: AHGAZ

Ahlatcı Doğal Gaz

Ahlatcı Doğal Gaz (AHGAZ) shares are on Borsa Istanbul's participation index list (BIST Participation All Shares) for the period from October 1, 2026 to April 30, 2027. Source: Borsa Istanbul's list of participation index constituents, Oct 1, 2026. The shares are also in the BIST Participation 30, BIST Participation 30 Equal Weighted Return, BIST Participation 50 and BIST Participation 100 indices.

Dated October 17, 2026No. SGL-2026-6A-AHGAZ

The reading of the interest-bearing assets and interest-bearing loans ratios in the financial statements for the first half of 2026 is not complete; these ratios rest on the items read. The statements will be read again, and the record's result will be given after that.

This is a measurement, not a religious ruling.

MEASUREMENT TABLE

Interest-bearing loans

statements to be read again
50.8%

On the items read: 0.0% to 50.8%

Calculation and source

Calculation: numerator ÷ denominatorTRY 128,233,312,435÷TRY 252,618,287,609 (total assets)× 100

RatioInterest-bearing loans / total assets

This range rests on the items read from the financial statements, and the statements will be read again.

Debts proven not to count (line 6J of the KAFİF form) were deducted as far as the notes prove them; items that could not be separated stayed in the numerator, as a precaution. Of the lease liabilities shown on the balance sheet, TRY 544,735,419 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 6). The ratio rests on the items read from the financial statements; the statements will be read again. Note 10: “Güvence bedeli ve alınan teminatlar (*)” TRY 13,646,837,917: undetermined, kept in the numerator; “İlişkili taraflara diğer borçlar (Not 29)” TRY 2,097,748,771: undetermined, kept in the numerator; “Ödenecek vergi ve fonlar” TRY 1,003,171,031: not counted (proven); “Diğer borçlar (**)” TRY 8,603,972,240: undetermined, kept in the numerator; “Diğer uzun vadeli borçlar” TRY 2,842,405: undetermined, kept in the numerator. Notes that could not be used: Short-term borrowings: no note was found for this item (condensed interim report). Note 7 (Current portion of long-term borrowings): the note's amounts could not be matched to this item automatically. Long-term borrowings: no note was found for this item (condensed interim report). On the items read, the measured range is 0.00% to 50.76%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Güvence bedeli ve alınan teminatlar (*) · Other payables, note 10The company's note says: “Grup, dağıtım şirketlerinin alacaklarını garanti altına alabilmek amacıyla, müşterilerden sözleşmenin imzalanması sırasında bir defaya mahsus olmak üzere güvence bedeli almaktadır. Aboneliğin sonlandırılması halinde ise abonelere endekslenmiş bedelleri üzerinden iade edilmesi gerekmektedir. Mevcut abonelerin güvence bedelleri Tüketici Fiyatları Endeksi (TÜFE) kullanılarak konsolide finansal durum tablosu tarihi itibarıyla enflasyona göre düzeltilmiş değerleri ile “Kısa Vadeli Diğer Borçlar”’ altında izlenmektedir.”13,646,837,917undetermined, kept in the numeratorTKBB Guideline 6.1
İlişkili taraflara diğer borçlar (Not 29) · Other payables, note 102,097,748,771undetermined, kept in the numeratorTKBB Guideline 6.1
Ödenecek vergi ve fonlar · Other payables, note 101,003,171,031not counted (proven)TKBB Guideline 6.2
Diğer borçlar (**) · Other payables, note 10The company's note says: “30 Haziran 2026 tarihi itibarıyla bakiyenin 8.479.513.000 TL’lik kısmı Dünya Katılım Bankası A.Ş.’ye ait alınan nakdi teminatlar ve diğer giderler bakiyelerinden oluşmaktadır.”8,603,972,240undetermined, kept in the numeratorTKBB Guideline 4.1
Diğer uzun vadeli borçlar · Other payables, note 102,842,405undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 1.7% (first half 2026) · Sağlama measurement on the items read 0.0% to 50.8% (first half 2026) · the statements will be read again · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

View the documentMethod

Interest-bearing assets

statements to be read again
40.3%

On the items read: 3.2% to 40.3%

Calculation and source

Calculation: numerator ÷ denominatorTRY 101,749,152,248÷TRY 252,618,287,609 (total assets)× 100

RatioInterest-bearing cash and securities / total assets

This range rests on the items read from the financial statements, and the statements will be read again.

Assets proven not to count (line 5G of the KAFİF form) were deducted as far as the notes prove them; items that could not be separated stayed in the numerator, as a precaution. The ratio rests on the items read from the financial statements; the statements will be read again. Note 6: “Kısa vadeli finansal yatırımlar” TRY 13,247,970,238: undetermined, kept in the numerator; “Uzun vadeli finansal yatırımlar” TRY 5,000,000: undetermined, kept in the numerator. Note 4: “Kasa” TRY 503: not counted (proven); “Bankadaki nakit / - Vadeli mevduatlar” TRY 7,975,151,603: counted in the ratio (proven); “Bankadaki nakit / - Vadesiz mevduatlar” TRY 151,043,242: not counted (proven); “Diğer hazır varlıklar(*)” TRY 836,566,407: undetermined, kept in the numerator; “Finans sektörü faaliyetlerine ait diğer hazır varlıklar(**)” TRY 15,973,741,000: undetermined, kept in the numerator. On the items read, the measured range is 3.16% to 40.28%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kısa vadeli finansal yatırımlar · Financial investments, note 613,247,970,238undetermined, kept in the numerator
Uzun vadeli finansal yatırımlar · Financial investments, note 65,000,000undetermined, kept in the numerator
Kasa · Cash and cash equivalents, note 4503not counted (proven)TKBB Guideline 5.2
Bankadaki nakit / - Vadeli mevduatlar · Cash and cash equivalents, note 47,975,151,603counted in the ratio (proven)TKBB Guideline 5.1
Bankadaki nakit / - Vadesiz mevduatlar · Cash and cash equivalents, note 4151,043,242not counted (proven)TKBB Guideline 5.2
Diğer hazır varlıklar(*) · Cash and cash equivalents, note 4836,566,407undetermined, kept in the numeratorTKBB Guideline 4.1
Finans sektörü faaliyetlerine ait diğer hazır varlıklar(**) · Cash and cash equivalents, note 415,973,741,000undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 1.6% (first half 2026) · Sağlama measurement on the items read 3.2% to 40.3% (first half 2026) · the statements will be read again · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

View the documentMethod

Excluded income

depends on the declaration
at most26.6%

Proven lower bound 2.6% · cautious upper bound 26.6%

Calculation and source

Calculation: numerator ÷ denominatorTRY 14,502,239,716÷TRY 54,608,427,104 (total income)× 100

RatioExcluded income / total income

On the KAP form this item is titled “Katılım Finans İlkelerine Uygun Olmayan Gelir”, which means income not in line with participation finance principles.

The measurement is a range. The lower bound counts only the amounts that the statements and notes prove; the upper bound also counts, as a precaution, every item that could not be proven. The threshold falls inside this range, so the outcome depends on the company's KAFİF declaration.

Measured on the items we can calculate. Income items that may count as excluded (line 4C of the KAFİF form) were taken in full from the public statements. Income that the notes prove does not count (line 4D of the KAFİF form) was deducted. Items that could not be separated stayed in the numerator, as a precaution. For these income lines (line 4C), the ratio is an upper bound. Excluded income from business activities (line 4B of the KAFİF form) does not appear in the financial statements; it is only in the company's KAFİF declaration on KAP. This measurement sets it to 0. If there is a declaration, the record shows it separately, with a link. Note 24: “Esas faaliyetlerden kur farkı gelirleri(*)” TRY 7,349,703,533: not counted (proven); “Finans sektörü faaliyetlerinden diğer gelirler(**)” TRY 1,974,329,287: undetermined, kept in the upper bound; “Mevduat faiz gelirleri” TRY 920,645,492: counted in the ratio (proven); “Gecikme zammı gelirleri” TRY 109,842,537: undetermined, kept in the upper bound; “Hasar bedeli gelirleri” TRY 11,330,390: undetermined, kept in the upper bound; “Konusu kalmayan dava karşılıkları (Not 16)” TRY 10,570,305: not counted (proven); “Yatırım teşvik gelirleri” TRY 10,296,924: not counted (proven); “Şüpheli alacak karşılığı iptalleri (Not 8)” TRY 3,898,393: undetermined, kept in the upper bound; and 1 more line. Note 25: “İlişkili taraflardan alacaklardan doğan faiz gelirleri” TRY 476,767,999: counted in the ratio (proven); “Finansal borçlanma kur farkı gelirleri” TRY 9,614,011: not counted (proven). Note 26: “Duran varlık satış karları” TRY 3,594,119: not counted (proven). Notes that could not be used: Note 21 (Revenue from finance-sector activities): the note's heading does not name the item. The ratio is in the range 2.56% to 26.56%; the outcome depends on the company's declaration.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Esas faaliyetlerden kur farkı gelirleri(*) · Other income from operating activities, note 247,349,703,533not counted (proven)TKBB Guideline 4.2
Finans sektörü faaliyetlerinden diğer gelirler(**) · Other income from operating activities, note 241,974,329,287undetermined, kept in the upper boundTKBB Guideline 4.1
Mevduat faiz gelirleri · Other income from operating activities, note 24920,645,492counted in the ratio (proven)TKBB Guideline 4.1
Gecikme zammı gelirleri · Other income from operating activities, note 24109,842,537undetermined, kept in the upper boundTKBB Guideline 4.2
Hasar bedeli gelirleri · Other income from operating activities, note 2411,330,390undetermined, kept in the upper bound
Konusu kalmayan dava karşılıkları (Not 16) · Other income from operating activities, note 2410,570,305not counted (proven)TKBB Guideline 4.2
Yatırım teşvik gelirleri · Other income from operating activities, note 2410,296,924not counted (proven)TKBB Guideline 4.2
Şüpheli alacak karşılığı iptalleri (Not 8) · Other income from operating activities, note 243,898,393undetermined, kept in the upper bound
Diğer faaliyet gelirleri · Other income from operating activities, note 2460,924,354undetermined, kept in the upper boundTKBB Guideline 4.1
İlişkili taraflardan alacaklardan doğan faiz gelirleri · Finance income, note 25476,767,999counted in the ratio (proven)TKBB Guideline 4.1
Finansal borçlanma kur farkı gelirleri · Finance income, note 259,614,011not counted (proven)TKBB Guideline 4.2
Duran varlık satış karları · Income from investing activities, note 263,594,119not counted (proven)TKBB Guideline 4.2

KAFİF declaration 2.3% (first half 2026) · Sağlama proven lower bound 2.6% (first half 2026) · the declaration is below the proven lower bound, a question for the KAFİF Committee · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

View the documentMethod

The three ratios are calculated from the financial statements, and each bar is scaled to its own threshold. The measurement uses the company's latest published statements, and every record states the period. The official review uses audited six- and twelve-month statements (Standard 3.4), so the periods can differ. Method

This record is produced by Sağlama's calculation from the financial statements the company publishes. The method and the corrections log are public. Responsible for this record: Savaş Tutumlu, founder.

Official list record

Official list
On the BIST Participation All Shares list · Index period from October 2026 to April 2027Source: Borsa Istanbul's list of constituents, Oct 1, 2026
In these sub-indices
BIST Participation 30 · BIST Participation 30 Equal Weighted Return · BIST Participation 50 · BIST Participation 100
Latest official change

Added to the BIST Participation 30, BIST Participation 50 and BIST Participation 100 indices as of October 1, 2026, for the period from October 2026 to April 2027. Source: Borsa Istanbul announcement, Sep 29, 2026 · KAP disclosure 1669816

All changes for the period from October 2026 to April 2027

Next period
Starts on May 1, 2027. Borsa Istanbul is expected to announce the new list by April 29, 2027 at the latest (Ground Rules 2.17). Sağlama's expectation for each member is on the Review forecast page. This is a forecast, not the official list.

Status history

5 entries

Each period's record and every correction are kept with their dates. Method

  1. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: at least one ratio above the threshold. Income 38.87% · assets 41.31% · loans 52.62%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 19.99% · assets 41.24% · loans 52.20%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 19.99% · assets 41.24% · loans 52.20%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 26.56% · assets 40.28% · loans 50.98%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 2.56% to 26.56% · assets 3.16% to 40.28% · loans 0.00% to 50.76%. The ratios rest on the items read.THIS RECORD

Documents and sources

Source links lead to documents published by the company and by Borsa Istanbul. We do not copy KAP documents. Method

  • AHGAZ financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 6f88487acf78…View the document
  • Sağlama's calculation and methodTKBB rules, August 2025, version 3Read the method

If a figure looks wrong, write to bilgi@saglama.com. We correct it and record the correction with its date in the corrections log.

What this measurement covers

This record's financial statements will be read again. The ratios rest on the items read; the record's result will be given after the new reading. Method

The company's KAFİF declaration

The company's declaration on the KAP form (first half 2026): excluded income 2.3%, interest-bearing assets 1.6%, interest-bearing loans 1.7%. The three declared ratios are within the thresholds. View the form on KAP

The company's answers to the four yes/no questions on the form:

Do the articles of association of the company, its corporate shareholders or its affiliates include an activity that does not follow participation finance principles?
No
Do the company's articles of association grant a privilege that does not follow participation finance principles?
No
Has the company made a statement or decision supporting the actions defined in Standard 1.5 and TKBB Guideline 1.D?
No
Does the company have activities or income directly contrary to participation finance principles?
No

Purification calculation

Dividend-based method · CALCULATOR (DIVIDEND-BASED METHOD)

Purification calculator

A company within the threshold can still have a small amount of excluded income (interest income and other income the standard excludes). Under the TKBB standard, the part of this income that falls to your shares is given to charitable causes. This duty applies whether the company made a profit or a loss, and whether or not it paid a dividend. The amount set aside does not replace zakat or sadaqa.

CALCULATION SLIPAHGAZ · first half 2026
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
26.6%
Purification amount
TRY 318.72

Purification amount = gross dividend × excluded income ratio

The number of shares and the dividend are sample inputs. The ratio comes from the company's measurement. To calculate with your own figures, use the purification page.

Purification amount = gross dividend × excluded income ratio (dividend-based method). Under TKBB Standard 3.6.1, purification is needed even if the company makes a loss or pays no dividend. The method page quotes TKBB Standard 3.6, including the inflation deduction under 3.6.2. This is a cautious calculation. The amount may be higher than the true figure, because it uses all of the interest income, not only the part above inflation. The ratio is the upper bound of the measurement (the lower bound is 2.56%); the purification amount is calculated on the upper bound, as a precaution.

  • Excluded income is the part of a company's earnings that is not in line with participation finance principles. On the KAP form it is called “income not in line with participation finance principles.”
  • Purification is done even if the company makes a loss.
  • Purification is needed even if no dividend is paid. The calculation here uses the dividend-based method. TKBB Standard 3.6 also counts how long you held the shares (the share-days method), which this calculator does not do yet.
  • The purification amount does not replace zakat or sadaqa. Under the TKBB standard, it is given away, not kept.
  • You give the amount yourself, to a charitable cause of your choice. Sağlama does not direct donations.

This calculation uses the dividend-based method. TKBB Standard 3.6 also counts how long you held the shares (the share-days method). The standard is quoted on the method page.

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Companies in the same index

The 12 companies just before and after this one in alphabetical order in BIST Participation 30.