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Sağlama record · BIST: BYDNR

Baydöner Restoranları

Baydöner Restoranları (BYDNR) 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.

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

The reading of all three ratios in the financial statements for the first half of 2026 is not complete; the 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
9.3%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 318,945,916÷TRY 3,430,466,830 (total assets)× 100

RatioInterest-bearing loans / total assets

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. The ratio rests on the items read from the financial statements; the statements will be read again. Balance sheet sub-lines (page 5): “- İlişkili Olmayan Taraflara Diğer Borçlar” TRY 3,469,831: undetermined, kept in the numerator. Note 11: “Kredileri” TRY 203,893,716: counted in the ratio (proven); “Kısa Vadeli Kiralama İşleminden Yükümlülükler” TRY 193,652,716: not counted (proven); “Diğer Kısa Vadeli Finansal Yükümlülükler” TRY 8,572,985: undetermined, kept in the numerator. Note 11: “Kredileri %37” TRY 66,754,814: undetermined, kept in the numerator. Note 11: “Uzun Vadeli Kiralama İşleminden Yükümlülükler” TRY 426,052,852: not counted (proven); “Uzun Vadeli Banka Kredileri” TRY 36,254,570: undetermined, kept in the numerator. On the items read, the measured range is 5.94% to 9.30%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kredileri · Short-term borrowings, note 11203,893,716counted in the ratio (proven)TKBB Guideline 6.1
Kısa Vadeli Kiralama İşleminden Yükümlülükler · Short-term borrowings, note 11193,652,716not counted (proven)TKBB Guideline 6.2
Diğer Kısa Vadeli Finansal Yükümlülükler · Short-term borrowings, note 118,572,985undetermined, kept in the numeratorTKBB Guideline 4.1
Kredileri %37 · Current portion of long-term borrowings, note 1166,754,814undetermined, kept in the numeratorTKBB Guideline 6.1
Uzun Vadeli Kiralama İşleminden Yükümlülükler · Long-term borrowings, note 11426,052,852not counted (proven)TKBB Guideline 6.2
Uzun Vadeli Banka Kredileri · Long-term borrowings, note 1136,254,570undetermined, kept in the numeratorTKBB Guideline 6.1

KAFİF declaration 9.3% (first half 2026) · Sağlama measurement on the items read 5.9% to 9.3% (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

Interest-bearing assets

statements to be read again
3.0%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 104,127,886÷TRY 3,430,466,830 (total assets)× 100

RatioInterest-bearing cash and securities / total assets

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 3: “Kasa” TRY 1,051,205: not counted (proven); “Banka / - Vadesiz Mevduat” TRY 14,211,426: not counted (proven); “Banka / - Vadeli Mevduat” TRY 96,096,523: counted in the ratio (proven); “Diğer Nakit ve Nakit Benzerleri” TRY 8,031,363: undetermined, kept in the numerator. On the items read, the measured range is 2.80% to 3.04%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kasa · Cash and cash equivalents, note 31,051,205not counted (proven)TKBB Guideline 5.2
Banka / - Vadesiz Mevduat · Cash and cash equivalents, note 314,211,426not counted (proven)TKBB Guideline 5.2
Banka / - Vadeli Mevduat · Cash and cash equivalents, note 396,096,523counted in the ratio (proven)TKBB Guideline 5.1
Diğer Nakit ve Nakit Benzerleri · Cash and cash equivalents, note 38,031,363undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 2.8% (first half 2026) · Sağlama measurement on the items read 2.8% to 3.0% (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

statements to be read again
5.7%

On the items read: 1.2% to 5.7%

Calculation and source

Calculation: numerator ÷ denominatorTRY 139,226,603÷TRY 2,459,428,361 (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.

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

The deduction for income that does not count (line 4D of the KAFİF form) is not known and was set to 0. The ratio rests on the items read from the financial statements; the statements will be read again. 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 18: “Faiz Gelirleri” TRY 29,761,575: counted in the ratio (proven). Notes that could not be used: Other income from operating activities: no note was found for this item (condensed interim report). Income from investing activities: no note was found for this item (condensed interim report). On the items read, the measured range is 1.21% to 5.66%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Faiz Gelirleri · Finance income, note 1829,761,575counted in the ratio (proven)TKBB Guideline 4.1

KAFİF declaration 1.8% (first half 2026) · Sağlama measurement on the items read 1.2% to 5.7% (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

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
Changes this period
These shares are not among the changes Borsa Istanbul announced for this period.Source: Borsa Istanbul announcement, Sep 29, 2026
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

8 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 6.01% · assets 7.21% · loans 9.29%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · first half 2026: at least one ratio above the threshold. Income 5.66% · assets 3.48% · loans 27.36%.
  3. MeasurementThe measurement was withdrawn as a precaution. Lease liabilities (short term TRY 281,858,116 and long term TRY 457,261,279) and other financial liabilities (TRY 7,870,949) were missing from the debt numerator: the ratio is about 30.98%, near the threshold, not 9.29%.
  4. MeasurementCorrection note. The June 30, 2026 financial statements were measured with the updated reading software; in these statements, lease liabilities are inside the borrowing totals. The withdrawal of September 5, 2026 is closed.
  5. Earlier measurementTKBB rules, August 2025, version 1 · first half 2026: depends on the company's declaration. Income 5.66% · assets 3.04% · loans 27.36%.
  6. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 5.66% · assets 3.04% · loans 27.36%.
  7. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 5.66% · assets 3.04% · loans 9.30%.
  8. MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 1.21% to 5.66% · assets 2.80% to 3.04% · loans 5.94% to 9.30%. The ratios rest on the items read.THIS RECORD

Corrections log

  • Measurement withdrawn · closed

    Lease liabilities (short term TRY 281,858,116 and long term TRY 457,261,279) and other financial liabilities (TRY 7,870,949) were missing from the debt numerator: the ratio is about 30.98%, near the threshold, not 9.29%.

    In Turkish, as published.31.03.2026 bilançosundaki «Kiralama işlemlerinden kaynaklanan yükümlülükler» (KV 281.858.116 TL, UV 457.261.279 TL) ve «Diğer finansal yükümlülükler» (KV 7.870.949 TL) ayrıştırıcı eşlemesine girmediği için borç payı 320.061.205 TL alınmıştı; bu kalemlerle pay 1.067.051.549 TL / toplam varlıklar 3.444.337.987 TL ≈ %30,98 olur. Eşik (%33) altında kalsa da yayımlanan oran gerçeğin çok altındaydı ve «üst sınır» notu yanlış yöndeydi. Şirketin genel durumu (gelir %6,01 > %5) değişmez. Kalem eşlemesi doğrulanana kadar ölçüm geri çekildi.

    Evidence: baydoner-restoranlari-a-s-finansal-rapor-31-03-2026.pdf · PDF p. 4 · Fingerprint 02f6c9bfd820…

  • Note added · open

    The June 30, 2026 financial statements were measured with the updated reading software; in these statements, lease liabilities are inside the borrowing totals. The withdrawal of September 5, 2026 is closed.

    In Turkish, as published.Geri çekmeye yol açan eksiklik, 31.03.2026 tablosunda ayrı satırda gösterilen kiralama yükümlülüklerinin borç payına girmemesiydi. Şirketin 30.06.2026 finansal raporunda (sayfa 5) «Kısa Vadeli Borçlanmalar» (406.119.417 TL) ve «Uzun Vadeli Borçlanmalar» (462.307.422 TL) toplamları, alt satırlarda gösterilen kiralama işlemlerinden borçları (193.652.716 TL ve 426.052.852 TL) kapsar; uzun vadeli borçlanmaların kısa vadeli kısımları 66.754.814 TL'dir. Ölçüm bu tabloyla yeniden yayımlandı. Kaynak, kapsam taraması sırasında bulundu.

    Evidence: BYDNR-20260630-financial-statements.pdf · PDF p. 4, 5 · Fingerprint 0f97a0361f8f…

Documents and sources

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

  • BYDNR financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 0f97a0361f8f…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 1.8%, interest-bearing assets 2.8%, interest-bearing loans 9.3%. 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 SLIPBYDNR · 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
5.7%
Purification amount
TRY 67.92

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. The ratio rests on the items read; the statements will be read again, so the ratio and the amount may change. On the items read, the measured range is 1.21% to 5.66%; the purification amount is calculated with the 5.66% found from the items read.

  • 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 All Shares.