SMX on Nasdaq
SMX (Security Matters) Public Ltd Co
SMX (Security Matters) Public Ltd Co is a misc industrial and commercial machinery and equipment company.1
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Last updated Oct 21, 2026.
Overview
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- TickerSMX on Nasdaq1
- IndustryMisc Industrial & Commercial Machinery & Equipment1
- HeadquartersL21
- Incorporated inIreland3
- Business addressMespil Business Centre, Mespil House, Sussex Road, Dublin 4, L2 D04 T4A63
- Filer category, Emerging growth company3
- Legal formOther
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Economy FZCO (UAE), which was formed on April 18, 2025. Additionally, the Company owns 70% of SMX Circular Economy Platform PTE, Ltd.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2020
Where the money goes
Where each dollar of revenue went, fiscal 2020
- Other costs100¢$13.0K
Out of $13.0K in revenue.5 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| General and administrative expenses | $120.1M | $12.7M | $16.6M |
| Research and development expenses | $11.2M | $3.1M | $2.7M |
| Selling and marketing expenses | $4.1M | $992.0K | $661.0K |
| Impairment and amortization | $10.8M | $11.1M | |
| Listing expenses | $16.8M | ||
| Operating loss | -$146.3M | -$27.9M | -$36.7M |
| Finance expenses | $40.7M | $13.5M | $7.9M |
| Finance income | $12.4M | $6.0M | $1.6M |
| Gain from remeasurement of investment in associated company | $22.2M | ||
| Share of net profit (loss) of associated companies | -$101.0K | ||
| Loss before income tax | -$174.6M | -$35.4M | -$21.0M |
| Net loss | -$174.6M | -$35.4M | -$21.0M |
| Other comprehensive loss: | -$3.1M | -$1.3M | -$283.0K |
| Total comprehensive loss | -$177.7M | -$36.7M | -$21.3M |
| Equity holders of the Company | -$169.2M | -$31.1M | -$20.9M |
| Non- controlling interest | -$5.4M | -$4.3M | -$75.0K |
| Basic loss per share attributable to shareholders | -$0.82 | -$3,031.00 | -$202,900.00 |
| Diluted loss per share attributable to shareholders | -$0.82 | -$3,031.00 | -$202,900.00 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $12.2M | $2.3M | $168.0K | $1.4M |
| Other current receivables | $587.0K | $2.0M | ||
| Total current assets | $12.8M | $4.3M | ||
| Intangible assets, net | $7.9M | $12.3M | ||
| Goodwill | $20.1M | $26.1M | ||
| Property, plant and equipment, net | $165.0K | $268.0K | ||
| Right of use assets | $336.0K | $348.0K | $389.0K | |
| Investment in associated company | $114.0K | $105.0K | ||
| Total non-current assets | $28.7M | $39.2M | ||
| Total assets | $41.4M | $43.5M | ||
| Trade payables | $8.7M | $9.4M | ||
| Other payables | $4.2M | $4.3M | ||
| Short term loan | $1.0M | |||
| Convertible notes | $8.3M | $3.7M | ||
| Warrants - derivative financial liability | $5.0K | $1.4M | ||
| Bridge loans liabilities | $453.0K | $902.0K | ||
| Lease liabilities | $42.0K | $81.0K | ||
| Total current liabilities | $21.7M | $20.8M | ||
| Lease liabilities | $382.0K | $337.0K | ||
| Total non-current liabilities | $382.0K | $337.0K | ||
| Total liabilities | $22.1M | $21.1M | ||
| Issued capital and additional paid-in capital | $264.6M | $90.0M | ||
| Foreign currency translation reserve | -$4.8M | -$1.8M | ||
| Transaction with non-controlling interest reserve | $258.0K | $258.0K | ||
| Accumulated losses | -$251.2M | -$82.0M | ||
| Total equity attributable to owners of the parent | $8.9M | $6.4M | ||
| Non- controlling interest | $10.5M | $16.0M | ||
| Total equity | $19.3M | $22.4M | $32.2M | $2.2M |
| Total equity and liabilities | $41.4M | $43.5M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $12.2M | $2.3M | $168.0K | $1.4M |
| Other current receivables | $587.0K | $2.0M | ||
| Total current assets | $12.8M | $4.3M | ||
| Intangible assets, net | $7.9M | $12.3M | ||
| Goodwill | $20.1M | $26.1M | ||
| Property, plant and equipment, net | $165.0K | $268.0K | ||
| Right of use assets | $336.0K | $348.0K | $389.0K | |
| Investment in associated company | $114.0K | $105.0K | ||
| Total non-current assets | $28.7M | $39.2M | ||
| Total assets | $41.4M | $43.5M | ||
| Trade payables | $8.7M | $9.4M | ||
| Other payables | $4.2M | $4.3M | ||
| Short term loan | $1.0M | |||
| Convertible notes | $8.3M | $3.7M | ||
| Warrants - derivative financial liability | $5.0K | $1.4M | ||
| Bridge loans liabilities | $453.0K | $902.0K | ||
| Lease liabilities | $42.0K | $81.0K | ||
| Total current liabilities | $21.7M | $20.8M | ||
| Lease liabilities | $382.0K | $337.0K | ||
| Total non-current liabilities | $382.0K | $337.0K | ||
| Total liabilities | $22.1M | $21.1M | ||
| Issued capital and additional paid-in capital | $264.6M | $90.0M | ||
| Foreign currency translation reserve | -$4.8M | -$1.8M | ||
| Transaction with non-controlling interest reserve | $258.0K | $258.0K | ||
| Accumulated losses | -$251.2M | -$82.0M | ||
| Total equity attributable to owners of the parent | $8.9M | $6.4M | ||
| Non- controlling interest | $10.5M | $16.0M | ||
| Total equity | $19.3M | $22.4M | $32.2M | $2.2M |
| Total equity and liabilities | $41.4M | $43.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loss before tax for the year | -$174.6M | -$35.4M | -$20.9M |
| Share based compensation | $114.2M | $3.7M | $3.3M |
| Issuance of restricted shares to investors | $7.8M | ||
| Depreciation and amortization | $3.5M | $2.3M | $225.0K |
| Decrease in other current receivables | $1.2M | $140.0K | $2.9M |
| Impairment of intangible assets | $1.5M | $2.2M | |
| Impairment of goodwill | $6.0M | $6.8M | |
| Increase (decrease) in trade payables | -$862.0K | -$2.8M | $2.1M |
| Increase (decrease) in other payables | -$440.0K | $1.8M | -$235.0K |
| Increase in other liabilities | $19.0K | ||
| Revaluation of financial liabilities at fair value | -$1.5M | $1.9M | $1.5M |
| Interest expenses and revaluation of convertible notes | $18.8M | $6.8M | $3.9M |
| Financial expenses due to bridge loans principal amounts | $44.0K | $435.0K | |
| Remeasurement of investment in associated company | -$22.2M | ||
| Interest expenses due to short term loan | $3.6M | ||
| Share in losses of associated companies, net | $101.0K | ||
| Issuance of ordinary shares and warrants due to underwriter fees | $990.0K | $238.0K | $11.0K |
| Issuance cost due to inducement Alpha warrant Bs exercise price | $184.0K | ||
| Issuance of ordinary shares due to commitment/facility fee | $2.6M | $460.0K | |
| SPAC transaction - listing costs | $16.8M | ||
| Net cash flow used in operating activities | -$17.0M | -$11.3M | -$12.5M |
| Purchase of property, plant and equipment | -$21.0K | -$60.0K | |
| Capitalized development cost | -$169.0K | -$976.0K | |
| Net cash flow used in investing activities | -$190.0K | -$1.0M | |
| Repayment of short-term loan | -$500.0K | ||
| Repayment of convertible notes | -$563.0K | ||
| Payment of lease liabilities | -$53.0K | -$80.0K | -$42.0K |
| Repayment of bridge loans | -$370.0K | -$34.0K | -$30.0K |
| Repayment of pre-paid advances/ advance payment for equity, net | -$423.0K | $2.7M | |
| Proceeds from issuance of ordinary shares and pre-funded warrants | $6.9M | $2.6M | |
| Exercise of warrants and pre-funded warrants into ordinary shares | $2.4M | $642.0K | |
| Proceeds from issuance of convertible notes and warrants, net | $31.2M | $3.3M | $2.6M |
| Proceeds from short term loan | $1.0M | ||
| Proceeds from issuance of bridge loans and warrants | $550.0K | ||
| Issuance of shares in the SPAC transaction, net | $2.9M | ||
| Net cash flow provided by financing activities | $29.7M | $13.1M | $12.0M |
| Increase (decrease) in cash and cash equivalents | $12.7M | $1.6M | -$1.6M |
| Exchange rate differences on cash and cash equivalent | -$2.9M | $569.0K | $331.0K |
| Conversion of financial liability into ordinary shares | $4.1M | $645.0K | $5.3M |
| Conversion of bridge loans into ordinary shares and warrants | $6.0K | $128.0K | $5.2M |
| Conversion of convertible notes and warrants into ordinary shares | $43.1M | $8.5M | $175.0K |
| Exercise of cashless options into ordinary shares | $314.0K | $2.9M | |
| Exercise of warrants and pre-funded warrants into ordinary shares | $4.8M | $1.0M | |
| Issuance cost | $152.0K | ||
| Other current receivable in connection to exercise of Series A Common Warrant | $1.5M | ||
| Remeasurement of investment in associated company | -$22.2M | ||
| Issuance of warrants to the placement agent in connection to RBW May agreement | -$1.7M |
No quarter-by-quarter statement was filed.
Compare SMX (Security Matters) Public Ltd Co with another company
Corporate structure
SMX (Security Matters) Public Ltd Co sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SMX (Security Matters) Public Ltd Co
- Haggai Alon Filed SCHEDULE 13D/A on SMX (Security Matters) Public Ltd Co, latest Jul 27, 2026 (2 filings since Apr 24, 2026)
- Abri Capital Ltd. Filed SCHEDULE 13G/A on SMX (Security Matters) Public Ltd Co, latest Nov 13, 2025 (2 filings since Jul 31, 2025)
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on SMX (Security Matters) Public Ltd Co, latest Feb 14, 2025 (4 filings since Jun 29, 2023)
- S.H.N. Financial Investments Ltd. Filed SCHEDULE 13G/A on SMX (Security Matters) Public Ltd Co, latest Feb 14, 2025 (2 filings since Nov 5, 2024)
- Doron Afik Filed SC 13D/A on SMX (Security Matters) Public Ltd Co, latest Aug 28, 2024 (3 filings since Jun 4, 2024)
- PMB Partners LP Filed SC 13D on SMX (Security Matters) Public Ltd Co, latest Aug 5, 2024
- 33 CAPITAL LTD Filed SC 13G on SMX (Security Matters) Public Ltd Co, latest Apr 26, 2024
- Lind Global Fund II LP Filed SC 13G/A on SMX (Security Matters) Public Ltd Co, latest Feb 13, 2024 (2 filings since Jul 3, 2023)
- Ophir Sternberg Filed SC 13D on SMX (Security Matters) Public Ltd Co, latest Mar 20, 2023
- SMX (Security Matters) Public Ltd Co L2
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SMX (Security Matters) Public Ltd Co reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $165.0K2 Dec 31, 2025 | $268.0K2 Dec 31, 2024 | −38.4% |
| Operating-lease assets (leased space) | $336.0K2 Dec 31, 2025 | $348.0K2 Dec 31, 2024 | −3.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $12.2M2 Dec 31, 2025 | $2.3M2 Dec 31, 2024 | +420.7% |
Intangibles and goodwill
Leadership
Who has led SMX (Security Matters) Public Ltd Co, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerHaggai Alon Apr 24, 2026 to now7
- ChairHaggai Alon Apr 24, 2026 to now7
- Chief financial officerAmir Bader Apr 24, 2026 to now8
Board members and other officers (1)
- Board memberAmir Bader Apr 24, 2026 to now8
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorZeren Browne named Sep 20, 2023 to Sep 27, 20249
- CFOLimor Moshe Lotker named Sep 20, 202310
- Chairman of the BoardOphir Sternberg named Sep 20, 2023 to Sep 27, 20249
- DirectorPebble Sia Huei-Chien named Sep 27, 20249
- DirectorRoger Meltzer named Sep 20, 2023 to Sep 27, 20249
- DirectorThomas Hawkins named Sep 20, 2023 to Sep 27, 20249
- DirectorPauline Khoo named Sep 20, 202310
Former names
- Empatan Public Ltd CoSep 6, 2022 to Feb 2, 20233
Timeline
- Apr 24, 2026New chief executive Haggai Alon becomes CEO7
Filings
639 filings to the SEC since October 2021: 7 annual reports, 5 insider forms, 18 large holders, 2 private raises, 607 other. The latest 20:
- Sep 8, 20266-K EDGAR
- Aug 5, 2026424B3 EDGAR
- Aug 4, 2026EFFECT EDGAR
- Jul 29, 2026F-1 EDGAR
- Jul 28, 20266-K EDGAR
- Jul 27, 2026SCHEDULE 13D/A EDGAR
- Jul 27, 20264 EDGAR
- Jul 17, 20266-K EDGAR
- Jul 10, 2026EFFECT EDGAR
- Jul 1, 2026F-3 EDGAR
- Jul 1, 20266-K EDGAR
- Jun 10, 20266-K EDGAR
- May 27, 20266-K EDGAR
- May 15, 20266-K EDGAR
- May 11, 20266-K/A EDGAR
- May 8, 20266-K EDGAR
- Apr 24, 2026SCHEDULE 13D EDGAR
- Apr 24, 20264 EDGAR
- Apr 24, 20264 EDGAR
- Apr 24, 20263 EDGAR
The 639 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Haggai AlonSCHEDULE 13D/A, 2 filings Apr 24, 2026 to Jul 27, 202611
- Abri Capital Ltd.SCHEDULE 13G/A, 2 filings Jul 31, 2025 to Nov 13, 202512
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 4 filings Jun 29, 2023 to Feb 14, 202513
- S.H.N. Financial Investments Ltd.SCHEDULE 13G/A, 2 filings Nov 5, 2024 to Feb 14, 202514
- Doron AfikSC 13D/A, 3 filings Jun 4, 2024 to Aug 28, 202415
- PMB Partners LPSC 13D, 1 filing Aug 5, 202416
- 33 CAPITAL LTDSC 13G, 1 filing Apr 26, 202417
- Lind Global Fund II LPSC 13G/A, 2 filings Jul 3, 2023 to Feb 13, 202418
- Ophir SternbergSC 13D, 1 filing Mar 20, 202319
Money raised
Private offerings the company reported to the SEC on Form D.
SEC filer profile
How SMX (Security Matters) Public Ltd Co is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSMX (Security Matters) Public Ltd Co1
- CIK0001940674
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inIreland4
- Fiscal year endsDecember 311
- Industry code (SIC)3590 Misc Industrial & Commercial Machinery & Equipment1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressMespil Business Centre, Mespil House, Sussex Road, Dublin 4, L2 D04 T4A61
- Phone353 1 920 10001
- Shares outstanding1,795,943 shares as of Dec 31, 20254
- AuditorZiv Haft, Tel-Aviv, Israel PCAOB ID 11854
- On EDGAR sinceSep 6, 20221
- Filings639 in all: 424B3 (243), 6-K (169), CORRESP (45), EFFECT (30), F-1/A (28), UPLOAD (27), F-1 (21), 425 (14)1
All 34 form types
POS AM (6), 20-F (5), F-4/A (5), SC 13G (5), 6-K/A (4), 4 (3), F-3 (3), S-8 (3), SC 13D (3), SCHEDULE 13G/A (3), 20-F/A (2), 3 (2), 8-A12B (2), D (2), SC 13D/A (2), SC 13G/A (2), CERT (1), DRS (1), DRSLTR (1), F-3/A (1), F-4 (1), NT 20-F (1), POS EX (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Mar 20, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, with a nominal value of $0. 00000000012219451015625 per share | SMX | Nasdaq |
| Warrants, each exercisable for a fraction of one Ordinary Share at an exercise price of $869,118.16 per share | SMXWW | Nasdaq |
| Preferred Share Purchase Rights | Nasdaq |
From the cover page of the 20-F filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 7SEC EDGARHaggai Alon, Chief executive officer
- 8SEC EDGARAmir Bader, Chief financial officer
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