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Sağlama record · BIST: ELITE

Elite Naturel Organik Gıda

Elite Naturel Organik Gıda (ELITE) 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 Dividend index.

Dated October 17, 2026No. SGL-2023-3A-ELITE

The reading of all three ratios in the financial statements for Q1 2023 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
8.8%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 56,997,800÷TRY 649,645,583 (total assets)× 100

RatioInterest-bearing loans / total assets

As a precaution, financial liabilities other than leases shown on separate lines outside the main debt total were added once, after they were confirmed against their section total. This is an assumption: it is not proven that these items carry interest. The ratio rests on the items read from the financial statements; the statements will be read again. Note 7: “Ortaklara borçlar” TRY 15,157: undetermined, kept in the numerator; “Diğer çeşitli borçlar” TRY 115,283: undetermined, kept in the numerator. Note 4: “Banka kredileri / • Anapara” TRY 43,916,778: undetermined, kept in the numerator; “Banka kredileri / • İşlemiş faiz” TRY 192,470: counted in the ratio (proven). Note 4: “Banka kredileri” TRY 12,712,393: undetermined, kept in the numerator. On the items read, the measured range is 0.03% to 8.77%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Ortaklara borçlar · Other payables, note 715,157undetermined, kept in the numeratorTKBB Guideline 6.1
Diğer çeşitli borçlar · Other payables, note 7115,283undetermined, kept in the numeratorTKBB Guideline 4.1
Banka kredileri / • Anapara · Short-term borrowings, note 443,916,778undetermined, kept in the numeratorTKBB Guideline 6.1
Banka kredileri / • İşlemiş faiz · Short-term borrowings, note 4192,470counted in the ratio (proven)TKBB Guideline 6.1
Banka kredileri · Long-term borrowings, note 412,712,393undetermined, kept in the numeratorTKBB Guideline 6.1

KAFİF declaration 8.2% (first half 2026) · Sağlama measurement on the items read 0.0% to 8.8% (Q1 2023) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2023 statements · Mar 31, 2023

View the documentMethod

Interest-bearing assets

statements to be read again
4.5%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 29,477,352÷TRY 649,645,583 (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 86,370: not counted (proven); “Bankalar” TRY 28,957,299: undetermined, kept in the numerator. On the items read, the measured range is 0.00% to 4.54%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kasa · Cash and cash equivalents, note 386,370not counted (proven)TKBB Guideline 5.2
Bankalar · Cash and cash equivalents, note 328,957,299undetermined, kept in the numeratorTKBB Guideline 5.1

KAFİF declaration 0.7% (first half 2026) · Sağlama measurement on the items read 0.0% to 4.5% (Q1 2023) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2023 statements · Mar 31, 2023

View the documentMethod

Excluded income

statements to be read again
1.5%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 2,756,009÷TRY 179,337,398 (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.

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. 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 23: “Kambiyo karı / müşterilere ait” TRY 787,949: not counted (proven); “Reeskont faiz gelirleri” TRY 2,250,833: undetermined, kept in the numerator; “Muhtelif gelirler” TRY 334,293: undetermined, kept in the numerator. Note 25: “Kur farkı gelirleri” TRY 675,226: not counted (proven); “Faiz gelirleri” TRY 170,883: counted in the ratio (proven); “Menkul kıymet satış karları” TRY 0: undetermined, kept in the numerator. On the items read, the measured range is 0.10% to 1.54%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kambiyo karı / müşterilere ait · Other income from operating activities, note 23787,949not counted (proven)TKBB Guideline 4.2
Reeskont faiz gelirleri · Other income from operating activities, note 232,250,833undetermined, kept in the numerator
Muhtelif gelirler · Other income from operating activities, note 23334,293undetermined, kept in the numerator
Kur farkı gelirleri · Finance income, note 25675,226not counted (proven)TKBB Guideline 4.2
Faiz gelirleri · Finance income, note 25170,883counted in the ratio (proven)TKBB Guideline 4.1
Menkul kıymet satış karları · Finance income, note 250undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 1.8% (first half 2026) · Sağlama measurement on the items read 0.1% to 1.5% (Q1 2023) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2023 statements · Mar 31, 2023

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 Dividend
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 2023: all three ratios within the threshold. Income 1.89% · assets 4.55% · loans 8.77%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2023: all three ratios within the threshold. Income 2.35% · assets 4.55% · loans 8.77%.
  3. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2023: all three ratios within the threshold. Income 1.89% · assets 4.55% · loans 8.77%.
  4. MeasurementCorrection note. The “Finance income” line (TRY 846,109) had not been read, because its note cell was printed badly, so it was missing from the income numerator: the ratio is about 2.35%, not 1.89%. Below the threshold (5%); the result does not change.
  5. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2023: all three ratios within the threshold. Income 2.35% · assets 4.55% · loans 8.77%.
  6. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2023: all three ratios within the threshold. Income 1.54% · assets 4.54% · loans 8.77%.
  7. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2023: all three ratios within the threshold. Income 1.54% · assets 4.54% · loans 8.77%.
  8. MeasurementTKBB rules, August 2025, version 3 · Q1 2023: statements to be read again. Income 0.10% to 1.54% · assets 0.00% to 4.54% · loans 0.03% to 8.77%. The ratios rest on the items read.THIS RECORD

Corrections log

  • Note added · closed

    The “Finance income” line (TRY 846,109) had not been read, because its note cell was printed badly, so it was missing from the income numerator: the ratio is about 2.35%, not 1.89%. Below the threshold (5%); the result does not change.

    In Turkish, as published.31.03.2023 gelir tablosu (sayfa 4) «Finansman gelirleri» satırının dipnot hücresi «[25» biçiminde basıldığından satır önceki ayrıştırıcı sürümünde okunamamış ve 846.109 TL gelir payına girmemişti. Yeni ayrıştırıcı satırı dipnot sütunu geometrisiyle doğrulayarak okur. Tutar eklendiğinde pay 4.219.184 TL ve oran ≈%2,35 olur; eşik altında kalır. Ölçüm bu notla yayında kalır.

    Closing note: In Turkish, as published.15.09.2026: Gelir tablosu (sayfa 4) yenilenen okuma aracıyla yeniden okundu; «Finansman gelirleri» satırı (846.109 TL) dipnot sütunu geometrisiyle doğrulanarak gelir payına alındı. Yayımlanan gelir oranı %1,89'dan %2,35'e güncellendi; eşik (%5) altında, sonuç değişmedi. Aynı okumada bilançodaki (sayfa 3) kısa vadeli «Diğer finansal yükümlülükler» satırı (45.719 TL) borç payına eklendi; borç oranı %8,77 olarak değişmedi.

    Evidence: 31.03.2023-Tarihli-Finansal-Rapor.pdf · PDF p. 4 · Fingerprint 3f72813171c8…

Documents and sources

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

  • ELITE financial report, Mar 31, 2023 (company investor relations site)Mar 31, 2023 · Fingerprint 3f72813171c8…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 0.7%, interest-bearing loans 8.2%. 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 SLIPELITE · Q1 2023
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
1.5%
Purification amount
TRY 18.48

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 0.10% to 1.54%; the purification amount is calculated with the 1.54% 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.