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v3.25.2

RELATED PARTIES | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2025 | Dec. 31, 2024
Notes and other explanatory information [abstract] |  |
RELATED PARTIES | NOTE 8 - RELATED PARTIES: Key Management Personnel Compensation and other related party transactions and balances: The key management personnel, among others, include board members, CEO and CFO. The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows: SCHEDULE OF KEY MANAGEMENT PERSONNEL
1. Transactions with related parties: |  | June 30, 2025 |  |  | June 30, 2024 |
Short-term salary and fees |  |  | 290 |  |  |  | 379 |
Share based payments |  |  | 7,797 |  |  |  | 900 |
Post-employment retirement benefits |  |  | 39 |  |  |  | 39 |
Non-monetary benefits |  |  | 17 |  |  |  | 21 |
Payments for legal services |  |  | - |  |  |  | 180 |
Revaluation of financial liabilities at fair value |  |  | - |  |  |  | 344 |
Payments for consultant services |  |  | - |  |  |  | 566 |
Key management personnel compensation |  |  | 8,143 |  |  |  | 2,429 |
SCHEDULE OF BALANCE WITH RELATED PARTIES
2. Balance with related parties: |  |  |  | June 30, 2025 |  |  | December 31, 2024 |
Key management |  | Salary and related |  |  | (202 | ) |  |  | (166 | )
Directors |  | Consultant services |  |  | (134 | ) |  |  | (83 | )
Joint Ventures |  | Investment in subsidiary |  |  | 111 |  |  |  | 105 |
Joint Ventures |  | Other receivables |  |  | 15 |  |  |  | 15 |
|  |  |  |  | (210 | ) |  |  | (129 | )
SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) | NOTE 23 - RELATED PARTIES: Key Management Personnel Compensation and other related party transactions and balances: The key management personnel, among others, include board members, CEO and CFO. The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows: SCHEDULE OF KEY MANAGEMENT PERSONNEL
1. Transactions with related parties: |  | December 31, 2024 |  |  | December 31, 2023 |
Share based payments |  |  | 2,675 |  |  |  | 2,084 |
Short-term salary and fees |  |  | 661 |  |  |  | 803 |
Revaluation of financial liabilities at fair value |  |  | 344 |  |  |  | 1,204 |
Payments for legal services |  |  | 337 |  |  |  | 287 |
Post-employment retirement benefits |  |  | 98 |  |  |  | 98 |
Non-monetary benefits |  |  | 41 |  |  |  | 49 |
Payment for Administrative services |  |  | - |  |  |  | 34 |
Conversion of loan to ordinary shares |  |  | - |  |  |  | 657 |
Short-term salary until deletion |  |  | - |  |  |  | 22 |
Key management personnel compensation |  |  | 4,156 |  |  |  | 5,238 |
SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) |
NOTE 23 - RELATED PARTIES (CONT.): SCHEDULE OF BALANCE WITH RELATED PARTIES
2. Balance with related parties: |  |  |  | December 31, 2024 |  |  | December 31, 2023 |
Key management |  | Salary and related |  |  | (166 | ) |  |  | (219 | )
Directors |  | Consultant services |  |  | (83 | ) |  |  | - |
Joint Ventures |  | Investment in subsidiary |  |  | 105 |  |  |  | 115 |
Joint Ventures |  | Other receivables |  |  | 15 |  |  |  | 15 |
Shareholders |  | Other accounts payable |  |  | - |  |  |  | (3 | )
Shareholders |  | Trade payables |  |  | - |  |  |  | (58 | )
Shareholders |  | Derivatives |  |  | - |  |  |  | (476 | )
|  |  |  |  | (129 | ) |  |  | (626 | )

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