Interest-bearing loans
depends on the declarationProven lower bound 18.4% · cautious upper bound 44.8%
Calculation and source
Calculation: numerator ÷ denominatorTRY 64,471,988,000÷TRY 143,825,061,000 (total assets)× 100
RatioInterest-bearing loans / total assets
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.
Upper bound. Debt items that may count as interest-bearing (line 6I of the KAFİF form) were taken in full from the public statements. 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 is therefore an upper bound for the items shown in the financial statements. (Loans from participation banks and lease certificates (sukuk) are deducted only when a note shows them separately; nothing was deducted in this measurement.) Note 8: “Kısa vadeli diğer borçlar” TRY 2,186 thousand: undetermined, kept in the upper bound. Note 6: “Akreditif borçlanmalar” TRY 16,051,900 thousand: undetermined, kept in the upper bound; “Banka Kredileri” TRY 9,807 thousand: undetermined, kept in the upper bound. Note 6: “Banka kredileri” TRY 1,383,850 thousand: undetermined, kept in the upper bound; “İhraç edilmiş borçlanma araçları (*)” TRY 1,978,229 thousand: counted in the ratio (proven). Note 6: “Banka kredileri” TRY 20,553,749 thousand: undetermined, kept in the upper bound; “İhraç edilmiş borçlanma araçları (*)” TRY 24,492,267 thousand: counted in the ratio (proven). The ratio is in the range 18.40% to 44.83%; the outcome depends on the company's declaration.
| Item, as written in the company's report | Amount (TRY thousand) | Class | Basis |
|---|---|---|---|
| Kısa vadeli diğer borçlar · Other payables, note 8 | 2,186 | undetermined, kept in the upper bound | TKBB Guideline 4.1 |
| Akreditif borçlanmalar · Short-term borrowings, note 6 | 16,051,900 | undetermined, kept in the upper bound | TKBB Guideline 6.1 |
| Banka Kredileri · Short-term borrowings, note 6 | 9,807 | undetermined, kept in the upper bound | TKBB Guideline 6.1 |
| Banka kredileri · Current portion of long-term borrowings, note 6 | 1,383,850 | undetermined, kept in the upper bound | TKBB Guideline 6.1 |
| İhraç edilmiş borçlanma araçları (*) · Current portion of long-term borrowings, note 6 | 1,978,229 | counted in the ratio (proven) | TKBB Guideline 6.1 |
| Banka kredileri · Long-term borrowings, note 6 | 20,553,749 | undetermined, kept in the upper bound | TKBB Guideline 6.1 |
| İhraç edilmiş borçlanma araçları (*) · Long-term borrowings, note 6The company's note says: “Grup 550.000.000 ABD Doları nominal değerli tahvil ihracını 8 Temmuz 2024 tarihinde tamamlamış; söz konusu tahviller 7 yıl vadeli, 6 ayda bir kupon ödemeli, vade sonunda anapara ve kupon ödemeli, yıllık sabit %7,88 faiz oranlı olup İrlanda Borsası’nda (Euronext Dublin) kote edilmiştir.” | 24,492,267 | counted in the ratio (proven) | TKBB Guideline 6.1 |
KAFİF declaration 44.8% (first half 2026) · Sağlama range 18.4% to 44.8% (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