Five companies published their own numbers

Iran’s civil registry has named 19 September as the day a national digital identity wallet opens to everyone, which would replace the paper copies most Iranian platforms still onboard users with. Also this edition: Khodro45’s first annual report after eight years, and a messenger with in-app payments still off both Android stores over what a store’s commission buys.

The week in numbers

7.63 million vehicle sale requests Khodro45 reports over eight years, against 258,000 cars inspected. 19 September 2026, the date the civil registry gives for national access to the identity wallet in Sahim. 300B toman, Aghsat Market’s stated capital increase, approximately $1.31M (229,860 toman/$, captured 13 September 2026).

This week’s signals

Infrastructure · digital identity. Iran’s civil registry sets 19 September for a national digital identity wallet. Mohammad Jamalou, head of the Civil Registration Organization, said that from 19 September 2026 every Iranian will be able to open “My Identity Wallet” inside Sahim, the state’s single-identity system, and use digitally signed national ID and birth certificate documents as online proof of identity. This is a stated plan with a date, not an observed launch: no implementation detail, no list of accepting bodies and no legal instrument has been identified. Why it matters: onboarding across Iranian fintech, e-commerce and classifieds still runs on uploaded scans of those two documents, so a state-signed credential would change the cost and failure modes of that step for every platform that checks identity. TI record 5 Sep 2026 · Signal record.

Company · automotive marketplace. Khodro45’s first annual report: 7.63 million sale requests in eight years, 258,000 cars inspected. The online car-auction platform says it has grown to 67 branches in 24 cities over those eight years. For the year running 21 March 2025 to 20 March 2026, it reports 2.067 million requests and 104,300 inspections, more than 60,000 verified buyers and a stated capacity of 150,000 vehicles a year. The report gives no revenue and no transaction count, and inspections are cars examined rather than sales: the requests-to-inspections ratio, 3.4% over eight years and 5.0% in the year to 20 March 2026, is as far down the funnel as the figures reach. Company-disclosed and unaudited. Why it matters: the Tehran Index record carried “over 50 branches” from company channels against the report’s 67 in 24 cities, and this is the first multi-year volume series Khodro45 has published. TI record 7 Sep 2026 · Signal record.

Company · app distribution. Bale is still off Cafe Bazaar and Myket a month into a fight over what a store’s commission buys. Bale, the messenger with in-app payments, has been absent from both Iranian Android stores for more than a month, in a dispute over more than a percentage. Bale’s position: for services such as AI, part of what a user pays goes to API and infrastructure suppliers, so the stores’ share should fall on Bale’s net revenue, not the gross. Myket’s position: a store’s share covers distribution, user acquisition, trust and payment infrastructure, so a developer’s input costs do not change the basis of an in-app purchase. Cafe Bazaar had not answered questions by publication. Why it matters: the gross-versus-net commission argument from app stores worldwide, arriving where two domestic stores are the distribution layer for nearly everything, and where the Tehran Index app index reads those stores’ own numbers. TI record 30 Aug 2026 · Signal record.

Funding · fintech. Aghsat Market puts a 300 billion toman capital increase into infrastructure and product. Amin Khademi Vahed, chief executive of Aghsat Market, said the increase, approximately $1.31M (229,860 toman/$, captured 13 September 2026), goes to infrastructure and product development, and described the plan as becoming a hub for instalment selling that connects shops to several lending-technology providers through one integration rather than a build per platform. He said the company has been in instalment selling about fourteen years with a zero default rate, a claim with no published loan book behind it. The account is an interview and does not name who subscribed the increase; a capital increase recorded at a company is not an outside funding round. Why it matters: the multi-provider pattern Edition 004 traced at the point of payment appears one layer back, at the merchant’s integration, where the cost of switching credit providers is set. TI record 31 Aug 2026 · Signal record.

Company · e-commerce. Digikala’s enterprise sales arm gets a payments operator as chief executive. Mostafa Akrami has been appointed chief executive of Digikala Business, the group’s enterprise sales arm, succeeding Zhinous Roshandel. Akrami was previously chief executive of Milli, the gold micro-savings platform, and co-founded Jibit, the Shaparak-registered payment infrastructure provider. The report gives no date and no mandate. Digikala Business holds no public Tehran Index record, so the unit is named here without one. Why it matters: the second change at the top of a Digikala entity on the record since late August, after the group board chair passed to a representative of its telecom shareholder’s investment arm, and the second seat filled from payments rather than retail. TI record 1 Sep 2026 · Signal record.

From the registry: additions and evidence updates

Loaded this week. Azki: seven company-disclosed facts from its own 1404 annual report, covering users, the instalment share of purchases, growth outside motor insurance, centres and headcount, each carrying the gaps the report leaves, including no revenue. Khanoumi: four official-record facts from a venture fund’s audited statements filed on Codal. Owed: Khodro45’s branch count. Digikala Business and Sahim are named without links.

Analysis: five companies published their own numbers, and one pair on the record shows what that is worth

In the past three weeks five Iranian technology companies published figures no rule required them to publish: Khodro45’s first annual report, Azki’s 1404 annual report, a voluntary proof-of-reserves certificate from Nobitex, a 120% gold reserve ratio from Technogold’s chief executive, and payment-terminal localisation of about 61% from Fanap Tech’s deputy chief executive. Five is what this desk read, not a sample. None is audited.

What they leave out is as consistent as what they publish. Khodro45 gives requests, inspections, branches and capacity, and no revenue. Azki gives users, support calls and growth rates, and no revenue, no premium volume, no profit. Technogold gives a ratio and no reserve figure; the Nobitex certificate carries neither reserve numbers nor a review date. Volume is published; money is not.

The control case sits on the Khanoumi record, completed this week. The company’s own 1403 annual report put sales at 1,800 billion toman for the year to 20 March 2025; the audited statements of a venture fund holding a stake, filed on Codal, put revenue for that year at 1,149.7 billion toman. Both sit on the record, each labelled by who said it. Sales and revenue are not the same accounting line, and this is not a claim the company was wrong. The point is narrower: the audited figure is visible only because a third party with its own reporting obligation filed it. Without that filing, only the 1,800 would show, 650.3 billion toman above the audited line.

So the registry does not reconcile. Every fact carries a period, an origin and an evidence class, a company-disclosed figure is never averaged with an audited one, and the distance between them is left visible, because the distance is the finding.

Held to the documents. Nothing above says a company overstated anything, grades an audit, or counts how many Iranian technology companies publish annual reports: no public list exists to count from, and the record does not invent one.

What to watch: whether the identity wallet opens on 19 September as stated; whether Bale returns to the two Android stores, and on which basis the commission is finally calculated; who subscribed Aghsat Market’s capital increase; and whether Khodro45 follows its report with a revenue figure.

Every named company is resolved to the Tehran Index registry; every published figure carries a source and evidence state, and every signal links to its record, where the source trail is exposed. Date basis: where a source publication date has not been independently verified, the date shown is the date the item entered the Tehran Index record, labelled “TI record”. FX: this edition carries one conversion, at the most recent free-market capture on file (229,860 toman/$, captured 13 September 2026).