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SMX (Security Matters) Public Limited Company Class A Ordinary Shares

Company price
5.78 USD 0.85 ( 17.29%)
Last update at 2026-11-09T15:09:00Z
VOLUME
768764
Market Cap
17.87M

Momentum Score

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SMX (Security Matters) Public Limited Company provides brand protection, authentication and track and trace technology for the anti-counterfeit market. Its proprietary marker system embeds a permanent or removable mark on solid, liquid, or gaseous objects or materials. The company's solutions include physical or chemical marker system coupled with a reader and connected to a blockchain digital platform for application in process tracing, authentication, and sustainability and circular economics industries. It serves brand owners, manufacturers, and suppliers. The company was formerly known as Empatan Public Limited Company and changed its name to SMX (Security Matters) Public Limited Company in February 2023. The company is based in Dublin, Ireland.

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Day Price Range
3.99
Low
5.78
High
52 Week Price Range
12.51
Low
109340.79
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
4.93
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
1.07
ROE
-553.23%
Net Debt
-3.03M
ROCE
-703.75%
Diluted EPS TTM
-191.69

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -174.59M -35.40M -20.99M -6.18M -4.94M
Minority interest 5.41M 4.31M 0.07M - -
Net income -169.18M -31.09M -20.91M -6.18M -4.94M
Selling general administrative 120.85M 10.46M 16.74M 2.54M 2.34M
Selling and marketing expenses 0.44M 0.52M 0.46M 0.57M 0.45M
Gross profit -3.45M -2.27M -0.23M 0.00M 0.00M
Reconciled depreciation 3.45M 2.27M 0.23M 0.29M 0.32M
Ebit -138.69M -21.91M -19.94M -5.06M -4.84M
Ebitda -135.24M -19.64M -19.71M -4.77M -4.52M
Depreciation and amortization 3.45M 2.27M 0.23M 0.29M 0.32M
Operating income -138.69M -27.86M -19.94M -5.19M -4.97M
Other operating expenses 138.69M 27.86M 19.94M 5.19M 4.97M
Interest expense 40.70M 13.49M 7.89M 1.13M 0.10M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income 12.40M 5.96M 1.58M 0.03M 0.24M
Net interest income -28.30M -7.54M -6.31M -1.10M 0.14M
Income tax expense - - 0.03M 1.23M -
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 135.24M 27.86M 19.71M 5.19M 4.97M
Cost of revenue 3.45M 2.27M 0.23M 0.00M 0.00M
Total other income expense net -35.90M -7.54M -1.05M 0.11M -0.10M
Net income from continuing ops -174.59M -35.40M -20.99M -6.18M -4.94M
Net income applicable to common shares - - - - -4.94M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 41.44M 43.53M 51.16M 11.29M 10.34M
Intangible assets 7.92M 12.33M 16.49M 5.03M 3.91M
Other current assets 0.20M 0.10M 0.14M 0.07M -
Total liab 22.11M 21.14M 18.92M 9.13M 2.45M
Total stockholder equity 8.60M 6.15M 11.48M 2.16M 7.89M
Other current liab 12.94M 15.17M 4.17M 1.20M 0.64M
Common stock 264.63M 89.98M 62.90M - 28.22M
Capital stock 264.63M 89.98M 62.90M 0.00M 28.22M
Retained earnings -251.20M -82.03M -50.93M -30.02M -23.84M
Other liab - - - - 0.08M
Good will 20.12M 26.14M 32.96M - -
Cash 12.20M 2.34M 0.17M 1.40M 4.17M
Total current liabilities 21.73M 20.80M 18.02M 4.92M 1.90M
Current deferred revenue 0.20M 0.18M 0.15M 0.05M 0.03M
Net debt -3.03M 3.63M 3.91M 4.03M -3.40M
Short term debt 8.79M 5.63M 3.18M 1.30M 0.31M
Short long term debt 8.75M 5.55M 3.14M 1.27M 0.27M
Short long term debt total 9.17M 5.97M 4.08M 5.42M 0.77M
Other stockholder equity - - - 32.71M 3.28M
Property plant equipment - - - - 1.19M
Total current assets 12.79M 4.34M 0.80M 5.07M 5.09M
Long term investments 0.11M 0.10M 0.12M 0.22M 0.15M
Net tangible assets - - - - 3.98M
Net receivables 0.39M 1.89M 0.49M 0.44M 0.47M
Long term debt - - 0.48M 3.68M -
Inventory - - - 3.16M -
Accounts payable 8.72M 9.43M 10.52M 2.97M 0.92M
Accumulated other comprehensive income -4.83M -1.80M -0.49M -0.54M 0.22M
Non currrent assets other - - 16.49M - -
Non current assets total 28.65M 39.19M 50.36M 6.22M 5.25M
Capital lease obligations 0.42M 0.42M 0.45M 0.47M 0.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -0.19M -1.04M -1.13M -1.76M
Change to liabilities - - - - 0.40M
Total cashflows from investing activities - -0.19M -1.04M - -1.77M
Net borrowings 29.75M 4.19M 3.08M - -0.15M
Total cash from financing activities 29.75M 13.11M 11.95M 3.85M 6.12M
Change to operating activities - - - - 0.12M
Net income -169.18M -31.09M -20.91M -6.18M -4.94M
Change in cash 9.86M 2.17M -1.25M -2.77M -0.17M
Begin period cash flow 2.34M 0.17M 1.42M 4.17M 4.34M
End period cash flow 12.20M 2.34M 0.17M 1.40M 4.17M
Total cash from operating activities -17.00M -11.31M -12.48M -5.22M -3.91M
Issuance of capital stock 0.00M 0.00M 5.60M 0.18M 5.89M
Depreciation 3.45M 2.27M 0.23M 0.29M 0.32M
Other cashflows from investing activities - -0.17M -0.98M - -
Change to account receivables 1.24M 0.14M 2.94M - -0.48M
Other cashflows from financing activities -0.05M -0.50M 2.64M 3.89M 0.43M
Change to netincome - - - - 0.62M
Capital expenditures 0.00M 0.02M 0.06M 1.13M 1.76M
Change in working capital -0.06M -0.88M 4.80M -0.20M -0.01M
Stock based compensation 114.20M 3.66M 3.27M 0.25M 0.43M
Other non cash items 148.79M 18.38M 3.41M 0.62M 0.29M
Free cash flow -17.00M -11.34M -12.54M -6.35M -5.67M

Peer Comparison*

Sector: Industrials Industry: Specialty Business Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
SMX
SMX (Security Matters) Public Limited Company Class A Ordinary Shares
0.85
17.29%
5.78 - - - 0.41 0.83
CTAS
Cintas Corporation
0.56
0.25%
222.92 37.19 33.11 6.39 14.93 24.37
RELX
Relx PLC ADR
-0.17
0.42%
40.00 20.25 16.16 6.12 37.10 14.13
RLXXF
Relx PLC
-1.55
3.70%
40.29 20.12 15.38 6.08 35.32 13.82
TRI
Thomson Reuters Corporation Common Shares
-2.42
2.15%
110.16 27.00 20.92 5.68 4.12 14.50

Profile*

SMX (Security Matters) Public Limited Company Class A Ordinary Shares

SMX (Security Matters) Public Limited Company provides brand protection, authentication and track and trace technology for the anti-counterfeit market. Its proprietary marker system embeds a permanent or removable mark on solid, liquid, or gaseous objects or materials. The company's solutions include physical or chemical marker system coupled with a reader and connected to a blockchain digital platform for application in process tracing, authentication, and sustainability and circular economics industries. It serves brand owners, manufacturers, and suppliers. The company was formerly known as Empatan Public Limited Company and changed its name to SMX (Security Matters) Public Limited Company in February 2023. The company is based in Dublin, Ireland.

Mespil Business Centre, Dublin, Ireland, D04 T4A6

353 1 920 1000

25

Name Title Year Born
Mr. Haggai Alon Founder, CEO & Executive Director 1975
Ms. Ofira Bar Chief Financial Officer NA
Mr. Gal Shmueli Chief Technology Officer NA
Mr. Yair Grof Chief Scientist & VP NA
Ms. Michal Firstenberg Ph.D. Head of Marker Department NA
Dr. Tehila Nahum Head of Polymeric Solutions NA
Dr. Hagit Sade Head of Physical Chemistry Applications NA
Ms. Nataly Tal Ph.D. Head and Manager of R&D Department NA
Ms. Zeren Browne Executive VP, Chief Strategic Officer & Executive Director 1980
Mr. Jean-Philippe Bailly COO of SMX Fashion Sustainability Competence Centre 1968

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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