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Sağlama record · BIST: KRVGD

Kervan Gıda

Kervan Gıda (KRVGD) 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-KRVGD

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
33.3%

On the items read: 0.0% to 33.3%

Calculation and source

Calculation: numerator ÷ denominatorTRY 5,955,383,000÷TRY 17,870,466,000 (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. The ratio rests on the items read from the financial statements; the statements will be read again. Note 10: “Ödenecek vergi ve fonlar” TRY 107,451 thousand: not counted (proven); “İlişkili taraflara borçlar (Not 4)” TRY 37,221 thousand: undetermined, kept in the numerator; “Diğer borçlar” TRY 6,402 thousand: undetermined, kept in the numerator. Notes that could not be used: Note 7 (Short-term borrowings): the columns of the note's table could not be read reliably. Note 7 (Current portion of long-term borrowings): the columns of the note's table could not be read reliably. Note 7 (Long-term borrowings): an amount in the note is not a whole number. On the items read, the measured range is 0.00% to 33.33%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
Ödenecek vergi ve fonlar · Other payables, note 10107,451not counted (proven)TKBB Guideline 6.2
İlişkili taraflara borçlar (Not 4) · Other payables, note 1037,221undetermined, kept in the numeratorTKBB Guideline 6.1
Diğer borçlar · Other payables, note 106,402undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 24.6% (first half 2026) · Sağlama measurement on the items read 0.0% to 33.3% (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
1.8%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 328,230,000÷TRY 17,870,466,000 (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 6: “Fon yatırımları” TRY 296,721 thousand: undetermined, kept in the numerator. Note 5: “Kasa” TRY 4,241 thousand: not counted (proven); “Bankalar / - Vadesiz mevduat” TRY 815,002 thousand: not counted (proven); “Bankalar / - Vadeli mevduat” TRY 0 thousand: counted in the ratio (proven); “Diğer hazır değerler (*)” TRY 2,458 thousand: undetermined, kept in the numerator. On the items read, the measured range is 0.00% to 1.84%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
Fon yatırımları · Financial investments, note 6296,721undetermined, kept in the numerator
Kasa · Cash and cash equivalents, note 54,241not counted (proven)TKBB Guideline 5.2
Bankalar / - Vadesiz mevduat · Cash and cash equivalents, note 5815,002not counted (proven)TKBB Guideline 5.2
Bankalar / - Vadeli mevduat · Cash and cash equivalents, note 50counted in the ratio (proven)TKBB Guideline 5.1
Diğer hazır değerler (*) · Cash and cash equivalents, note 52,458undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 0.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 1.8% (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

Excluded income

statements to be read again
10.4%

On the items read: 0.0% to 10.4%

Calculation and source

Calculation: numerator ÷ denominatorTRY 959,485,000÷TRY 9,213,921,000 (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 19: “Kur farkı gelirleri” TRY 196,723 thousand: not counted (proven); “Ertelenmiş finansman gelirleri” TRY 93,609 thousand: undetermined, kept in the numerator; “Stoklar (Not :9)” TRY 134,701 thousand: undetermined, kept in the numerator; “Sabit kıymetler ve kar kaybı (Not :12)” TRY 596,204 thousand: undetermined, kept in the numerator; “Turquality gelirleri” TRY 8,535 thousand: undetermined, kept in the numerator; “İhracat teşvik gelirleri” TRY 26,912 thousand: not counted (proven); “Karşılık iptal gelirleri” TRY 5,816 thousand: not counted (proven); “Hurda satış gelirleri” TRY 15,222 thousand: not counted (proven); and 1 more line. Notes that could not be used: Income from investing activities: no note was found for this item (condensed interim report). On the items read, the measured range is 0.00% to 10.41%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
Kur farkı gelirleri · Other income from operating activities, note 19196,723not counted (proven)TKBB Guideline 4.2
Ertelenmiş finansman gelirleri · Other income from operating activities, note 1993,609undetermined, kept in the numeratorTKBB Guideline 4.1
Stoklar (Not :9) · Other income from operating activities, note 19134,701undetermined, kept in the numerator
Sabit kıymetler ve kar kaybı (Not :12) · Other income from operating activities, note 19596,204undetermined, kept in the numerator
Turquality gelirleri · Other income from operating activities, note 198,535undetermined, kept in the numerator
İhracat teşvik gelirleri · Other income from operating activities, note 1926,912not counted (proven)TKBB Guideline 4.2
Karşılık iptal gelirleri · Other income from operating activities, note 195,816not counted (proven)TKBB Guideline 4.2
Hurda satış gelirleri · Other income from operating activities, note 1915,222not counted (proven)TKBB Guideline 4.2
Diğer gelirler · Other income from operating activities, note 1947,669undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 0.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 10.4% (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

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

5 entries

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

  1. Earlier measurementTKBB rules, August 2025, version 1 · first half 2026: at least one ratio above the threshold. Income 13.07% · assets 6.42% · loans 33.93%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · first half 2026: depends on the company's declaration. Income 13.07% · assets 6.42% · loans 33.93%.
  3. Earlier measurementTKBB rules, August 2025, version 1 · first half 2026: depends on the company's declaration. Income 10.41% · assets 1.84% · loans 33.33%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 10.41% · assets 1.84% · loans 33.33%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 0.00% to 10.41% · assets 0.00% to 1.84% · loans 0.00% to 33.33%. 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

  • KRVGD financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 0cb3dd2d4392…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 0.0%, interest-bearing assets 0.0%, interest-bearing loans 24.6%. 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 SLIPKRVGD · 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
10.4%
Purification amount
TRY 124.92

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 0.00% to 10.41%; the purification amount is calculated with the 10.41% 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.