Koç Metalurji (KOCMT) 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 100 index.
Dated October 17, 2026No. SGL-2026-6A-KOCMT
The reading of the interest-bearing loans ratio in the financial statements for the first half of 2026 is not complete; the ratio rests on the items read. The statements will be read again, and the record's result will be given after that.
Of the lease liabilities shown on the balance sheet, TRY 76,955,834 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 5). Deductions on line 6J of the company's KAFİF declaration are taken only when the financial statements or notes confirm them. 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; none of them was deducted in this measurement.) Note 14: “Banka kredileri” TRY 105,761,594: undetermined, kept in the numerator. Notes that could not be used: Other payables: no note was found for this item (condensed interim report). Note 14 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 14 (Long-term borrowings): the note's amounts could not be matched to this item automatically. On the items read, the measured range is 0.00% to 14.40%.
Breakdown from the notes
Item, as written in the company's report
Amount (TRY)
Class
Basis
Banka kredileri · Current portion of long-term borrowings, note 14
105,761,594
undetermined, kept in the numerator
TKBB Guideline 6.1
KAFİF declaration 13.9% (first half 2026) · Sağlama measurement on the items read 0.0% to 14.4% (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
RatioInterest-bearing cash and securities / total assets
Upper bound. Asset items that may count as interest-bearing (line 5F of the KAFİF form) were taken in full from the public statements. 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 is therefore an upper bound for the items shown in the financial statements. Note 5: “Yatırım fonları” TRY 1,018,211,986: undetermined, kept in the upper bound. Note 4: “Kasa” TRY 34,888: not counted (proven); “Bankalar / - Vadesiz mevduat” TRY 1,213,011,963: not counted (proven); “Bankalar / - Vadeli mevduat” TRY 1,381,915,626: counted in the ratio (proven); “Diğer hazır değerler” TRY 0: undetermined, kept in the upper bound. The ratio is in the range 6.34% to 13.41%; both bounds give the same result.
On the KAP form this item is titled “Katılım Finans İlkelerine Uygun Olmayan Gelir”, which means income not in line with participation finance principles.
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 20: “Esas faaliyetlerle ilgili kur farkı geliri” TRY 67,150,861: not counted (proven); “Ticari faaliyetlere ilişkin reeskont faiz gelirleri” TRY 114,517,490: undetermined, kept in the upper bound; “Sigorta gelirleri” TRY 0: not counted (proven); “Komisyon gelirleri” TRY 4,850,173: undetermined, kept in the upper bound; “Esas faaliyetlerle ilgili vade farkı geliri” TRY 24,728: not counted (proven); “Konusu kalmayan dava karşılıkları” TRY 238,507: not counted (proven); “Diğer olağandışı gelir ve karlar” TRY 6,858,139: undetermined, kept in the upper bound. Note 22: “Faiz gelirleri” TRY 111,993,473: counted in the ratio (proven); “Kambiyo karları” TRY 168,048,149: not counted (proven). Note 21: “Menkul kıymetler satış karları” TRY 59,479,035: undetermined, kept in the upper bound; “Kira geliri” TRY 42,925,305: not counted (proven); “Menkul kıymetler değerleme karları” TRY 34,898,398: undetermined, kept in the upper bound; “Duran varlık satış karı” TRY 0: not counted (proven). The ratio is in the range 1.26% to 3.73%; both bounds give the same result.
Breakdown from the notes
Item, as written in the company's report
Amount (TRY)
Class
Basis
Esas faaliyetlerle ilgili kur farkı geliri · Other income from operating activities, note 20
67,150,861
not counted (proven)
TKBB Guideline 4.2
Ticari faaliyetlere ilişkin reeskont faiz gelirleri · Other income from operating activities, note 20
114,517,490
undetermined, kept in the upper bound
Sigorta gelirleri · Other income from operating activities, note 20
0
not counted (proven)
TKBB Guideline 4.2
Komisyon gelirleri · Other income from operating activities, note 20
4,850,173
undetermined, kept in the upper bound
Esas faaliyetlerle ilgili vade farkı geliri · Other income from operating activities, note 20
24,728
not counted (proven)
TKBB Guideline 4.2
Konusu kalmayan dava karşılıkları · Other income from operating activities, note 20
238,507
not counted (proven)
TKBB Guideline 4.2
Diğer olağandışı gelir ve karlar · Other income from operating activities, note 20
6,858,139
undetermined, kept in the upper bound
TKBB Guideline 4.1
Faiz gelirleri · Finance income, note 22
111,993,473
counted in the ratio (proven)
TKBB Guideline 4.1
Kambiyo karları · Finance income, note 22
168,048,149
not counted (proven)
TKBB Guideline 4.2
Menkul kıymetler satış karları · Income from investing activities, note 21
59,479,035
undetermined, kept in the upper bound
TKBB Guideline 4.1
Kira geliri · Income from investing activities, note 21
42,925,305
not counted (proven)
TKBB Guideline 4.2
Menkul kıymetler değerleme karları · Income from investing activities, note 21
34,898,398
undetermined, kept in the upper bound
TKBB Guideline 4.1
Duran varlık satış karı · Income from investing activities, note 21
0
not counted (proven)
TKBB Guideline 4.2
KAFİF declaration 2.5% (first half 2026) · Sağlama range 1.3% to 3.7% (first half 2026) · the declaration is inside the range · View the form on KAP
Source: company financial report, first half 2026 statements · Jun 30, 2026
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.
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
Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: at least one ratio above the threshold. Income 17.93% · assets 14.83% · loans 8.01%.
Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 8.68% · assets 13.73% · loans 8.01%.
Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 8.68% · assets 13.73% · loans 8.01%.
Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: all three ratios within the threshold. Income 3.73% · assets 13.41% · loans 14.76%.
MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 1.26% to 3.73% · assets 6.34% to 13.41% · loans 0.00% to 14.40%. 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
KOCMT financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 6cea3784524f…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 2.5%, interest-bearing assets 11.0%, interest-bearing loans 13.9%. 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?
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 SLIPKOCMT · 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
3.7%
Purification amount
TRY 44.76
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 1.26%); 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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