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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 

 

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:

 

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.):

 

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)