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Sağlama record · BIST: LOGO

Logo Yazılım

Logo Yazılım (LOGO) 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, BIST Participation Dividend and BIST Participation Sustainability indices.

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

Based on the financial statements for the first half of 2026, the excluded income ratio depends on the company's declaration: the proven amount alone gives a ratio below the threshold, and the cautious upper bound is above it.

This is a measurement, not a religious ruling.

MEASUREMENT TABLE

Interest-bearing loans

within the threshold
7.3%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 632,550,000÷TRY 8,696,590,000 (total assets)× 100

RatioInterest-bearing loans / total assets

Upper bound. Debt items that may count as interest-bearing (line 6I of the KAFİF form) were taken in full from the public statements. 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 is therefore an upper bound for the items shown in the financial statements. Note 6: “Kiralama işlemlerinden borçlar” TRY 7,097 thousand: not counted (proven); “Kredi kartı borçları” TRY 3,551 thousand: undetermined, kept in the upper bound. Note 6: “Kiralama işlemlerinden borçlar” TRY 8,342 thousand: not counted (proven). Notes that could not be used: Other payables: no note was found for this item (condensed interim report). The ratio is in the range 0.00% to 7.27%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
Kiralama işlemlerinden borçlar · Short-term borrowings, note 67,097not counted (proven)TKBB Guideline 6.2
Kredi kartı borçları · Short-term borrowings, note 63,551undetermined, kept in the upper boundTKBB Guideline 6.1
Kiralama işlemlerinden borçlar · Long-term borrowings, note 68,342not counted (proven)TKBB Guideline 6.2

KAFİF declaration 0.0% (first half 2026) · Sağlama range 0.0% to 7.3% (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

View the documentMethod

Interest-bearing assets

near the threshold
30.9%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 2,688,342,000÷TRY 8,696,590,000 (total assets)× 100

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 4: “- Gerçeğe uygun değeri kar veya zarara yansıtılan finansal varlıklar” TRY 177,114 thousand: undetermined, kept in the upper bound; “Yatırım Fonu (“Logo Ventures I”) (*)” TRY 18,646 thousand: undetermined, kept in the upper bound; “Logo Ventures Girişim Sermayesi / Yatırım Fonu (“Logo Ventures II”) (*)” TRY 613,591 thousand: undetermined, kept in the upper bound; “İnterpro Yayıncılık Araştırma ve Organizasyon / Hizmetleri A.Ş. (“Interpro”) (**)” TRY 0 thousand: undetermined, kept in the upper bound; “Figo Ticari Bilgi ve Uygulama Platformu A.Ş. (***)” TRY 106,531 thousand: undetermined, kept in the upper bound; “Payer Yazılım Sanayi ve Ticaret A.Ş. (***)” TRY 13,501 thousand: undetermined, kept in the upper bound; “Dokuz Eylül Teknoloji / Geliştirme Bölgesi A.Ş. (“Dokuz Eylül”)” TRY 797 thousand: undetermined, kept in the upper bound. Note 3: “Banka / - Vadeli mevduat” TRY 191,703 thousand: counted in the ratio (proven); “Banka / - Vadesiz mevduat” TRY 144,354 thousand: not counted (proven); “Kredi kartı slip alacakları” TRY 439,291 thousand: not counted (proven); “Likit fon (*)” TRY 123,075 thousand: undetermined, kept in the upper bound. The ratio is in the range 2.20% to 30.91%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
- Gerçeğe uygun değeri kar veya zarara yansıtılan finansal varlıklar · Financial investments, note 4177,114undetermined, kept in the upper bound
Yatırım Fonu (“Logo Ventures I”) (*) · Financial investments, note 4The company's note says: “Logo Ventures, 30 Haziran 2026 tarihi itibarıyla gerçeğe uygun değer farkı diğer kapsamlı gelire yansıtılan varlık olarak değerlendirilmiş ve gerçeğe uygun değeri ile maliyet bedeli arasındaki bu döneme ilişkin fark 52.640 TL (30 Haziran 2025: 68.742 TL) diğer kapsamlı gelirlerde muhasebeleştirilmiştir. İnterpro ve Dokuz Eylül ise gerçeğe uygun değerinin önemli olmaması nedeniyle maliyet bedeli ile konsolide finansal tablolara yansıtılmıştır. Şirket, İstanbul Portföy Yönetimi AŞ. Logo Ventures II Girişim Sermayesi Yönetim Fonu’na 11.200 bin ABD doları kaynak taahhüdünde bulunmuştur. 2026 yılında ödenen 250 bin ABD Doları”18,646undetermined, kept in the upper boundTKBB Guideline 5.1
Logo Ventures Girişim Sermayesi / Yatırım Fonu (“Logo Ventures II”) (*) · Financial investments, note 4The company's note says: “Logo Ventures, 30 Haziran 2026 tarihi itibarıyla gerçeğe uygun değer farkı diğer kapsamlı gelire yansıtılan varlık olarak değerlendirilmiş ve gerçeğe uygun değeri ile maliyet bedeli arasındaki bu döneme ilişkin fark 52.640 TL (30 Haziran 2025: 68.742 TL) diğer kapsamlı gelirlerde muhasebeleştirilmiştir. İnterpro ve Dokuz Eylül ise gerçeğe uygun değerinin önemli olmaması nedeniyle maliyet bedeli ile konsolide finansal tablolara yansıtılmıştır. Şirket, İstanbul Portföy Yönetimi AŞ. Logo Ventures II Girişim Sermayesi Yönetim Fonu’na 11.200 bin ABD doları kaynak taahhüdünde bulunmuştur. 2026 yılında ödenen 250 bin ABD Doları”613,591undetermined, kept in the upper boundTKBB Guideline 5.1
İnterpro Yayıncılık Araştırma ve Organizasyon / Hizmetleri A.Ş. (“Interpro”) (**) · Financial investments, note 4The company's note says: “Grup’un, 18 Mart 2026 tarihli Yönetim Kurulu kararı doğrultusunda, İnterpro Yayıncılık Araştırma ve Organizasyon Hizmetleri A.Ş.’ye ait sahip olduğu tüm hisseler, 23 Mart 2026 tarihi itibarıyla devredilmiştir.”0undetermined, kept in the upper bound
Figo Ticari Bilgi ve Uygulama Platformu A.Ş. (***) · Financial investments, note 4The company's note says: “Grup’un, 30 Haziran 2026 tarihi itibarıyla, sırasıyla %10 ve %3,02 oranında hisselerine sahip olduğu Payer Yazılım Sanayi ve Ticaret A.Ş. ve Figo Ticari Bilgi ve Uygulama Platformu A.Ş., TMS 29 uyarınca endekslenmiştir.”106,531undetermined, kept in the upper bound
Payer Yazılım Sanayi ve Ticaret A.Ş. (***) · Financial investments, note 4The company's note says: “Grup’un, 30 Haziran 2026 tarihi itibarıyla, sırasıyla %10 ve %3,02 oranında hisselerine sahip olduğu Payer Yazılım Sanayi ve Ticaret A.Ş. ve Figo Ticari Bilgi ve Uygulama Platformu A.Ş., TMS 29 uyarınca endekslenmiştir.”13,501undetermined, kept in the upper bound
Dokuz Eylül Teknoloji / Geliştirme Bölgesi A.Ş. (“Dokuz Eylül”) · Financial investments, note 4797undetermined, kept in the upper bound
Banka / - Vadeli mevduat · Cash and cash equivalents, note 3191,703counted in the ratio (proven)TKBB Guideline 5.1
Banka / - Vadesiz mevduat · Cash and cash equivalents, note 3144,354not counted (proven)TKBB Guideline 5.2
Kredi kartı slip alacakları · Cash and cash equivalents, note 3439,291not counted (proven)TKBB Guideline 5.2
Likit fon (*) · Cash and cash equivalents, note 3The company's note says: “Likit fonlar, istenildiği zaman önemli bir kayıp olmadan nakde dönüştürülebilir 3 aydan kısa vadeli yatırım araçlarından oluşmaktadır.”123,075undetermined, kept in the upper boundTKBB Guideline 5.1

KAFİF declaration 5.7% (first half 2026) · Sağlama range 2.2% to 30.9% (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

View the documentMethod

Excluded income

depends on the declaration
at most6.5%

Proven lower bound 0.1% · cautious upper bound 6.5%

Calculation and source

Calculation: numerator ÷ denominatorTRY 237,379,000÷TRY 3,635,285,000 (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.

The measurement is a range. The lower bound counts only the amounts that the statements and notes prove; the upper bound also counts, as a precaution, every item that could not be proven. The threshold falls inside this range, so the outcome depends on the company's KAFİF declaration.

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 21: “Reeskont gelirleri” TRY 68,856 thousand: undetermined, kept in the upper bound; “Kur farkı geliri (*)” TRY 5,633 thousand: not counted (proven); “Komisyon gelirleri” TRY 3,673 thousand: undetermined, kept in the upper bound; “Diğer” TRY 1,456 thousand: undetermined, kept in the upper bound. Note 23: “Kur farkı gelirleri” TRY 23,771 thousand: not counted (proven); “Faiz gelirleri” TRY 2,089 thousand: counted in the ratio (proven); “Temettü gelirleri” TRY 599 thousand: undetermined, kept in the upper bound. Note 22: “Menkul kıymet satış karları” TRY 86,106 thousand: undetermined, kept in the upper bound; “Bağlı ortaklık hisse satışı” TRY 0 thousand: undetermined, kept in the upper bound. The ratio is in the range 0.06% to 6.53%; the outcome depends on the company's declaration.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY thousand)ClassBasis
Reeskont gelirleri · Other income from operating activities, note 2168,856undetermined, kept in the upper boundTKBB Guideline 4.1
Kur farkı geliri (*) · Other income from operating activities, note 215,633not counted (proven)TKBB Guideline 4.2
Komisyon gelirleri · Other income from operating activities, note 213,673undetermined, kept in the upper bound
Diğer · Other income from operating activities, note 211,456undetermined, kept in the upper boundTKBB Guideline 4.1
Kur farkı gelirleri · Finance income, note 2323,771not counted (proven)TKBB Guideline 4.2
Faiz gelirleri · Finance income, note 232,089counted in the ratio (proven)TKBB Guideline 4.1
Temettü gelirleri · Finance income, note 23599undetermined, kept in the upper boundTKBB Guideline 4.2
Menkul kıymet satış karları · Income from investing activities, note 2286,106undetermined, kept in the upper boundTKBB Guideline 4.1
Bağlı ortaklık hisse satışı · Income from investing activities, note 220undetermined, kept in the upper boundTKBB Guideline 4.2

KAFİF declaration 2.3% (first half 2026) · Sağlama range 0.1% to 6.5% (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

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
Not in these sub-indices
BIST Participation 30 · BIST Participation 50
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 · Q1 2026: at least one ratio above the threshold. Income 9.97% · assets 42.45% · loans 6.21%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 9.29% · assets 30.94% · loans 5.97%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 9.29% · assets 30.94% · loans 5.97%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 6.53% · assets 30.91% · loans 7.27%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: depends on the company's declaration. Income 0.06% to 6.53% · assets 2.20% to 30.91% · loans 0.00% to 7.27%. The range crosses the threshold; the outcome depends on the company's declaration.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

  • LOGO financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 3ba57402300b…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 result says nothing about the quality of the company. It only shows where a measured ratio stands against the threshold.

The measured range crosses the threshold: the proven amount is below the threshold and the cautious upper bound is above it. The outcome depends on the company's KAFİF declaration, so this record does not count as a divergence. Method

The company's KAFİF declaration

The company's declaration on the KAP form (first half 2026): excluded income 2.3%, interest-bearing assets 5.7%, interest-bearing loans 0.0%. The three declared ratios are within the thresholds; the declaration settles the open range of the measurement. 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 SLIPLOGO · 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
6.5%
Purification amount
TRY 78.36

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 0.06%); 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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Companies in the same index

The 12 companies just before and after this one in alphabetical order in BIST Participation 100.