Skip to content
Menu

Sağlama record · BIST: HKTM

Hidropar Hareket Kontrol

Hidropar Hareket Kontrol (HKTM) 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-2026-3A-HKTM

The reading of all three ratios in the financial statements for Q1 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
20.5%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 472,340,377÷TRY 2,299,210,746 (total assets)× 100

RatioInterest-bearing loans / total assets

The deductions the company declares on line 6J of its KAFİF form are not used in the measurement; they could not be confirmed from the financial statements and notes, so the deduction was set to 0. The ratio rests on the items read from the financial statements; the statements will be read again. (Loans from participation banks and lease certificates (sukuk) are deducted only when a note shows them separately; nothing was deducted in this measurement.) Note 5: “Kısa Vadeli Kredi Borçları” TRY 121,651,349: undetermined, kept in the numerator. Note 5: “Uzun Vadeli Kredi Borçlarının Kısa Vadeli Kısımları” TRY 127,186,815: undetermined, kept in the numerator. Note 5: “Uzun Vadeli Kredi Borçları” TRY 161,626,416: undetermined, kept in the numerator. Notes that could not be used: Note 7 (Other payables): the note's amounts could not be matched to this item automatically. On the items read, the measured range is 0.00% to 20.54%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kısa Vadeli Kredi Borçları · Short-term borrowings, note 5121,651,349undetermined, kept in the numeratorTKBB Guideline 6.1
Uzun Vadeli Kredi Borçlarının Kısa Vadeli Kısımları · Current portion of long-term borrowings, note 5127,186,815undetermined, kept in the numeratorTKBB Guideline 6.1
Uzun Vadeli Kredi Borçları · Long-term borrowings, note 5161,626,416undetermined, kept in the numeratorTKBB Guideline 6.1

KAFİF declaration 19.6% (first half 2026) · Sağlama measurement on the items read 0.0% to 20.5% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 2026

View the documentMethod

Interest-bearing assets

statements to be read again
1.8%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 40,691,642÷TRY 2,299,210,746 (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 4: “Yatırım Fonları” TRY 1,648,933: undetermined, kept in the numerator; “Kocaeli Savunma Sanayi Anonim Şirketi” TRY 1,887,880: undetermined, kept in the numerator; “Mers Technology Gmbh” TRY 6,592,721: undetermined, kept in the numerator; “Teknogü Teknokenti” TRY 871,536: undetermined, kept in the numerator. Note 3: “Kasa” TRY 117,503: not counted (proven); “Bankalar / Vadesiz Mevduat - TL” TRY 10,700,578: not counted (proven); “Bankalar / Vadesiz Mevduat - Yabancı Para” TRY 8,404,599: not counted (proven); “Bankalar / Vadeli Mevduat - TL” TRY 1,760,000: counted in the ratio (proven); “Bankalar / Vadeli Mevduat - Yabancı Para” TRY 27,930,572: counted in the ratio (proven); “Diğer Hazır Değerler” TRY 0: undetermined, kept in the numerator. On the items read, the measured range is 1.29% to 1.77%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Yatırım Fonları · Financial investments, note 41,648,933undetermined, kept in the numeratorTKBB Guideline 5.1
Kocaeli Savunma Sanayi Anonim Şirketi · Financial investments, note 41,887,880undetermined, kept in the numerator
Mers Technology Gmbh · Financial investments, note 46,592,721undetermined, kept in the numerator
Teknogü Teknokenti · Financial investments, note 4871,536undetermined, kept in the numerator
Kasa · Cash and cash equivalents, note 3117,503not counted (proven)TKBB Guideline 5.2
Bankalar / Vadesiz Mevduat - TL · Cash and cash equivalents, note 310,700,578not counted (proven)TKBB Guideline 5.2
Bankalar / Vadesiz Mevduat - Yabancı Para · Cash and cash equivalents, note 38,404,599not counted (proven)TKBB Guideline 5.2
Bankalar / Vadeli Mevduat - TL · Cash and cash equivalents, note 31,760,000counted in the ratio (proven)TKBB Guideline 5.1
Bankalar / Vadeli Mevduat - Yabancı Para · Cash and cash equivalents, note 327,930,572counted in the ratio (proven)TKBB Guideline 5.1
Diğer Hazır Değerler · Cash and cash equivalents, note 30undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 1.6% (first half 2026) · Sağlama measurement on the items read 1.3% to 1.8% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 2026

View the documentMethod

Excluded income

statements to be read again
9.4%

On the items read: 0.2% to 9.4%

Calculation and source

Calculation: numerator ÷ denominatorTRY 25,093,406÷TRY 267,865,097 (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.

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 21: “Reeskont Faiz Gelirleri” TRY 23,723,315: undetermined, kept in the numerator; “Ticari Kur Farkı Gelirleri” TRY 3,680,844: not counted (proven); “Vade Farkı Gelirleri” TRY 14,266,121: not counted (proven); “Hibe Gelirleri” TRY 2,298,253: not counted (proven); “Konusu Kalmayan Karşılıklar” TRY 7,547: not counted (proven); “Diğer Gelirler” TRY 854,897: undetermined, kept in the numerator. Note 22: “Kur Farkı Geliri” TRY 1,872,622: not counted (proven); “Faiz Geliri” TRY 515,194: counted in the ratio (proven). Note 23: “Duran Varlık Satış Karı” TRY 1,155,274: not counted (proven). On the items read, the measured range is 0.19% to 9.37%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Reeskont Faiz Gelirleri · Other income from operating activities, note 2123,723,315undetermined, kept in the numerator
Ticari Kur Farkı Gelirleri · Other income from operating activities, note 213,680,844not counted (proven)TKBB Guideline 4.2
Vade Farkı Gelirleri · Other income from operating activities, note 2114,266,121not counted (proven)TKBB Guideline 4.2
Hibe Gelirleri · Other income from operating activities, note 212,298,253not counted (proven)TKBB Guideline 4.2
Konusu Kalmayan Karşılıklar · Other income from operating activities, note 217,547not counted (proven)TKBB Guideline 4.2
Diğer Gelirler · Other income from operating activities, note 21854,897undetermined, kept in the numeratorTKBB Guideline 4.1
Kur Farkı Geliri · Finance income, note 221,872,622not counted (proven)TKBB Guideline 4.2
Faiz Geliri · Finance income, note 22515,194counted in the ratio (proven)TKBB Guideline 4.1
Duran Varlık Satış Karı · Income from investing activities, note 231,155,274not counted (proven)TKBB Guideline 4.2

KAFİF declaration 0.2% (first half 2026) · Sağlama measurement on the items read 0.2% to 9.4% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 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

7 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 18.06% · assets 2.61% · loans 20.54%.
  2. MeasurementCorrection note. The updated statement-reading software found “Other financial liabilities” lines (short and long term) on the balance sheet, but their amounts could not be read automatically from the primary document, so the debt ratio range could not yet be calculated. The review is ongoing.
  3. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 9.37% · assets 1.77% · loans 20.54%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 9.37% · assets 1.77% · loans 20.54%.
  5. MeasurementCorrection note. “Other financial liabilities” (short term TRY 8,675,359, long term TRY 3,361,776) were missing from the debt numerator: the ratio is 21.07%, not 20.54%. Below the threshold (33%); the result does not change.
  6. MeasurementTKBB rules, August 2025, version 3 · Q1 2026: statements to be read again. Income 0.19% to 9.37% · assets 1.29% to 1.77% · loans 0.00% to 20.54%. The ratios rest on the items read.
  7. MeasurementCorrection note. Credit card debt (TRY 3,826,520) was missing from the debt numerator: with lease liabilities left out under TKBB Guideline 6.2, the ratio is about 20.71%, not 20.54% (a calculation done by hand). Below the threshold (33%); the result does not change.THIS RECORD

Corrections log

  • Note added · closed

    The updated statement-reading software found “Other financial liabilities” lines (short and long term) on the balance sheet, but their amounts could not be read automatically from the primary document, so the debt ratio range could not yet be calculated. The review is ongoing.

    In Turkish, as published.Yenilenen okuma aracı bilanço sayfasında borç payına girmemiş «Diğer Finansal Yükümlülükler» satırları bildirdi; kaynak PDF'in ilgili sayfasından tutar metin katmanıyla okunamadı. Yayımlanan borç oranı (%20,54) bu kalemleri içermeyebilir; bu kalemler eklenirse oran yükselir, düşmez. Elle inceleme tamamlanınca bu satır güncellenecek; ölçüm bu notla yayında kalır.

    Closing note: In Turkish, as published.15.09.2026: Kaynak konsolide finansal tablolar (950--konsolide-finansal-tablolar.pdf, sayfa 4) elle okundu; bu kayıttaki kanıt dosyası faaliyet raporudur ve tutarları içermez. «Diğer Finansal Yükümlülükler» kısa vadeli 8.675.359 TL (kullanım hakkı varlıklarına ilişkin yükümlülükler 4.848.839 TL ve kredi kartı borçları 3.826.520 TL), uzun vadeli 3.361.776 TL; her iki bölüm ara toplamı satır toplamlarıyla birebir tutar. Bu kalemlerle borç oranı %20,54 yerine %21,07 olur; eşik (%33) altında, sonuç değişmez. Bulgu 15.09.2026 tarihli yeni not satırında kayıt altındadır; inceleme kapandı.

    Evidence: 855--birinci-ceyrek-faaliyet-raporu-ve-sorumluluk-beyani.pdf · PDF p. 4 · Fingerprint 110417400a81…

  • Note added · closed

    “Other financial liabilities” (short term TRY 8,675,359, long term TRY 3,361,776) were missing from the debt numerator: the ratio is 21.07%, not 20.54%. Below the threshold (33%); the result does not change.

    In Turkish, as published.31.03.2026 konsolide bilançosunda (sayfa 4) «Diğer Finansal Yükümlülükler» satırları kısa vadeli 8.675.359 TL (kullanım hakkı varlıklarına ilişkin yükümlülükler 4.848.839 TL ve kredi kartı borçları 3.826.520 TL) ve uzun vadeli 3.361.776 TL (kullanım hakkı varlıklarına ilişkin yükümlülükler) olarak yer alır. Borçlanma satırlarının dışında ayrı kalemlerdir; kısa ve uzun vadeli bölüm ara toplamları (788.101.302 TL ve 402.416.619 TL) satır toplamlarıyla birebir tutar. Bu kalemler borç payına girmemişti; ihtiyaten eklendiğinde pay 484.377.512 TL / toplam varlıklar 2.299.210.746 TL ≈ %21,07 olur ve eşik altında kalır. Şirketin genel sonucu gelir oranıyla (%18,06) belirlenir ve değişmez. Yenilenen okuma aracı bu sayfada alt satırların üst satırla aynı hizada basılması nedeniyle bölüm eşitliğini kuramadığından ölçüm yayımlanan tabloyla ve bu notla yayında kalır.

    Closing note: October 17, 2026: under TKBB Guideline 6.2, lease liabilities are debts that do not count. The right-of-use liabilities within “Other financial liabilities” (short term TRY 4,848,839, long term TRY 3,361,776) therefore stay out of the debt numerator; only the credit card debt (TRY 3,826,520) remains missing. The calculation was done by hand and is in a new note dated October 17, 2026; this entry is closed with it.

    Evidence: 950--konsolide-finansal-tablolar.pdf · PDF p. 4 · Fingerprint 61cb67d8528b…

  • Note added · open

    Credit card debt (TRY 3,826,520) was missing from the debt numerator: with lease liabilities left out under TKBB Guideline 6.2, the ratio is about 20.71%, not 20.54% (a calculation done by hand). Below the threshold (33%); the result does not change.

    In Turkish, as published.31.03.2026 konsolide bilançosunda (sayfa 4) «Diğer Finansal Yükümlülükler» kısa vadeli 8.675.359 TL (kullanım hakkı varlıklarına ilişkin yükümlülükler 4.848.839 TL ve kredi kartı borçları 3.826.520 TL) ve uzun vadeli 3.361.776 TL (kullanım hakkı varlıklarına ilişkin yükümlülükler) olarak basılıdır; dipnot 5 (PDF s.29) aynı ayrımı verir. Rehber 6.2 kiralama yükümlülüklerini uygun borçlar arasında sayar; kullanım hakkı varlıklarına ilişkin yükümlülükler bu nedenle borç payına girmez. Borç payına girmemiş olan yalnız kredi kartı borçlarıdır; ihtiyaten eklendiğinde pay 476.166.897 TL / toplam varlıklar 2.299.210.746 TL ≈ %20,71 olur ve eşik altında kalır; kaydın sonucu bu düzeltmeyle değişmez. Bu hesap elle yapıldı: kural seti sürüm 3, bilançoda ayrı satırda ya da borçlanma kaleminin alt satırında gösterilen kiralama yükümlülüklerini düşer; «Diğer Finansal Yükümlülükler» içinde gösterilen kiralama satırları bu kuralın dışındadır. Ölçüm yayımlanan tabloyla ve bu notla yayında kalır; tablo yenilenen okuma aracıyla yeniden okunacak.

    Evidence: 950--konsolide-finansal-tablolar.pdf · PDF p. 4, 29 · Fingerprint 61cb67d8528b…

Documents and sources

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

  • HKTM financial report, Mar 31, 2026 (company investor relations site)Mar 31, 2026 · Fingerprint 61cb67d8528b…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 0.2%, interest-bearing assets 1.6%, interest-bearing loans 19.6%. 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 SLIPHKTM · Q1 2026
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
9.4%
Purification amount
TRY 112.44

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 0.19% to 9.37%; the purification amount is calculated with the 9.37% 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.

Get an alert if it changes

Your address is kept so that we can tell you when the status of HKTM changes. Alerts start when the sending service goes live. At most one or two e-mails a month. You can unsubscribe with one click.

Your address is used only for these alerts.

Companies in the same index

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