SMX (Security Matters) Public Ltd Co financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data SMX (Security Matters) Public Ltd Co files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
0.01
Cost of revenue
0.01
Gross profit
0
Research and development
1.69
2.04
1.9
2.71
3.06
11.2
Operating income
-4.56
-4.97
-5.19
-36.7
-27.9
-146
Interest expense
0.08
0.1
1.13
7.89
13.5
40.7
Interest income
0.07
0.24
0.03
1.58
5.96
12.4
Pre-tax income
-4.57
-4.94
-6.18
-21
-35.4
-175
Net income to minority interests
-0.08
-4.31
-5.41
Net income
-4.57
-4.94
-6.18
-20.9
-31.1
-175
EPS, basic
-251,929.00
-764.97
-215,975.00
-202,900.00
-3,031.00
-0.82
EPS, diluted
-251,929.00
-188,947.00
-215,976.00
-202,900.00
-3,031.00
-0.82
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
4.34
4.17
1.4
0.17
2.34
12.2
Total current assets
5.09
5.07
0.8
4.34
12.8
Property, plant and equipment
1.19
0.56
0.41
0.27
0.17
Lease right-of-use assets
0.47
0.41
0.39
0.35
0.34
Goodwill
33
26.1
20.1
Intangible assets
3.91
5.03
16.5
12.3
7.92
Total assets
10.3
11.3
51.2
43.5
41.4
Short-term debt
0.27
0.71
1
Total current liabilities
1.9
4.93
18
20.8
21.7
Lease liabilities
0.47
0.44
0.41
0.34
0.38
Total liabilities
2.45
9.13
18.9
21.1
22.1
Total debt
0.01
Paid-in capital
31.5
32.7
Retained earnings
-23.8
-30
-50.9
-82
-251
Shareholders' equity
2.16
11.5
6.41
8.86
Minority interests
20.8
16
10.5
Total equity
6.44
7.89
2.16
32.2
22.4
19.3
Total liabilities and equity
10.3
11.3
51.2
43.5
41.4
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
-4.57
-4.94
-6.18
-21
-35.4
-175
Cash from operations
-3.52
-3.91
-5.22
-12.5
-11.3
-17
Capital expenditures
-0.24
-0.3
-0.15
-0.06
-0.02
Cash from investing
-0.96
-1.77
-1.13
-1.04
-0.19
Debt issued
5.8
Debt repaid
-0.03
-0.03
-0.37
Stock issued
6.86
5.89
0.18
Cash from financing
6.7
6.12
3.85
12
13.1
29.7
Exchange rate effect
0.41
-0.62
-0.27
0.33
0.57
-2.89
Net change in cash
2.23
0.45
-2.5
-1.56
1.61
12.7
Free cash flow
-3.75
-4.21
-5.38
-12.5
-11.3
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $8.01 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-2,287.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-411.0%
Net income / average total assets.
Return on invested capital (ROIC)
-31,717.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
38.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
60.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-4.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
54.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.59x
Current assets / current liabilities.
Quick ratio
0.56x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.56x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.00x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.0%
Total debt / total assets.
Liabilities / assets
53.4%
Total liabilities / total assets.
Net debt
-$12.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.82
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$8.7M
Share price x shares outstanding.
Enterprise value
-$3.5M
Market cap + total debt - cash - short-term investments.
P/B
0.98x
Market cap / shareholders' equity. Only when equity is positive.
Earnings yield
-2,002.0%
Net income / market cap (the inverse of P/E).
Was SMX (Security Matters) Public Ltd Co profitable in fiscal 2025?
No. It reported a net loss of $174.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.