XML 214 R71.htm IDEA: XBRL DOCUMENT
v3.25.3

WARRANTS – DERIVATIVE FINANCIAL LIABILITY (Details Narrative) $ / shares in Units, $ in Thousands |  |  |  | 6 Months Ended | 12 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 28, 2024 USD ($) | Sep. 11, 2024 USD ($) $ / shares shares | Jun. 27, 2024 $ / shares shares | Jun. 30, 2025 USD ($) $ / shares shares | Jun. 30, 2024 USD ($) shares | Dec. 31, 2024 USD ($) shares | Dec. 31, 2023 USD ($) shares | Dec. 31, 2022 USD ($) | Jun. 16, 2025 $ / shares | Jun. 15, 2025 $ / shares | Jan. 15, 2025 $ / shares shares | Jan. 14, 2025 $ / shares | Dec. 31, 2024 € / shares | Sep. 16, 2024 shares | Jul. 15, 2024 $ / shares shares | Jul. 14, 2024 $ / shares | Jul. 10, 2024 shares | Jun. 21, 2024 shares | Mar. 31, 2024 shares | Feb. 01, 2024 shares | Mar. 07, 2023 shares | Jul. 26, 2022 shares
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of private placement |  |  | $ 5,350 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross proceeds on escrow and payable percentage |  |  | 20.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross proceeds from escrow |  |  | $ 1,072 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjustments of escrow |  |  | 1,072 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction costs |  |  | $ 4,278 |  | $ 10,724 | $ 3,232 | $ 13,493 | $ 7,891 | $ 1,128 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $ / shares |  |  |  | $ 4.7025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public offering price per share | € / shares |  |  |  |  |  |  |  |  |  |  |  |  |  | € 1 |  |  |  |  |  |  |  |  |
Number of shares issued | shares |  |  |  |  |  |  |  | 579 |  |  |  |  |  |  | 793 |  |  | 1,818 |  |  |  | 1,000,000 |
Risk-free interest rate |  |  |  |  | 4.06% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash placement fee percentage |  |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction cost |  |  |  |  |  |  | $ 1,113 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of warrants |  | $ 76 |  |  |  |  | $ 59 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk-free interest rate |  | 4.11% |  |  |  |  | 4.38% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected volatility |  | 59.10% |  |  |  |  | 58.90% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected dividend yield |  | 0.00% |  |  |  |  | 0.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected term of warrants |  | 5 years 4 months 24 days |  |  |  |  | 5 years 2 months 12 days |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision for fair value of financial liability percentage |  | 3.00% |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Placement agent agreement [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash placement fee percentage |  |  |  |  |  |  | 10.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross proceeds on cash proceeds percentage |  |  |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pre-funded unit [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public offering price per share | $ / shares |  |  | $ 28.49 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pre-funded warrant [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $ / shares |  |  | $ 0.00285 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares issued | shares |  |  | 131,930 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of warrants |  | $ 1,809 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary shares [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of Common shares | shares |  |  | 187,719 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public offering price per share | $ / shares |  |  |  |  | $ 0.000000000000287 |  |  |  |  | $ 0.000000000000041 | $ 0.00000000000001 | $ 4.70250014886352 | $ 0.165 |  |  | $ 0.165 | $ 0.0022 |  |  |  |  |  |
Number of shares issued | shares |  |  | 55,789 | 11,699,000 |  | 1,494 | 472,000 |  |  |  |  | 33,155,000 |  |  |  | 44,800,000 |  |  | 117 | 1,251 | 234 | 160,227 | 1
Number of shares issued and outstanding | shares | [1] |  |  |  | 379,504 |  | 40,535 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Two series A common warrants [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $ / shares |  |  | $ 28.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series B common warrants [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $ / shares |  |  | 0.00285 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Public offering price per share | $ / shares |  |  | $ 28.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares issued | shares |  |  | 195,381 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of warrants |  | 2,680 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series A common warrants [member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IfrsStatementLineItems [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise price | $ / shares |  |  | $ 1.00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares issued | shares |  |  | 766,201 |  |  |  | 277,439 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Adjustment of exercise price | $ / shares |  |  | $ 13.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of warrants |  | $ 5,845 |  |  |  |  | $ 4,921 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk-free interest rate |  | 4.11% |  |  |  |  | 4.38% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected volatility |  | 59.10% |  |  |  |  | 58.90% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected dividend yield |  | 0.00% |  |  |  |  | 0.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected term of warrants |  | 5 years 4 months 24 days |  |  |  |  | 5 years 2 months 12 days |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares issued and outstanding | shares |  |  |  |  |  |  | 488,762 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial liabilities |  |  |  |  |  |  | $ 1,322 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash placement fee percentage |  |  |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross proceeds on cash proceeds percentage |  |  |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision for fair value of financial liability percentage |  |  |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
[1] | The share and per share information in these financial statements reflects the 1-for-75, 1-for-28.5, 1-for-4.1 and 1-for-7 reverse share splits became effective on July 15, 2024, January 15, 2025, June 16, 2025 and August 7, 2025, respectively, of the Company’s issued and outstanding Ordinary Shares (the “Reverse Stock Splits”) see also notes 1.E – 1.H.

X
- Definition Adjustment of exercise price. + References No definition available. + Details
Name: | SMX_AdjustmentOfExercisePrice
Namespace Prefix: | SMX_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Adjustments of escrow warrants. + References No definition available. + Details
Name: | SMX_AdjustmentsOfEscrowWarrants
Namespace Prefix: | SMX_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Cash placement fee percentage. + References No definition available. + Details
Name: | SMX_CashPlacementFeePercentage
Namespace Prefix: | SMX_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of expected term warrants. + References No definition available. + Details
Name: | SMX_DescriptionOfExpectedTermWarrants
Namespace Prefix: | SMX_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of warrants. + References No definition available. + Details
Name: | SMX_FairValueOfWarrants
Namespace Prefix: | SMX_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gross proceeds on cash proceeds percentage. + References No definition available. + Details
Name: | SMX_GrossProceedsOnCashProceedsPercentage
Namespace Prefix: | SMX_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Gross proceeds on escrow and payable percentage. + References No definition available. + Details
Name: | SMX_GrossProceedsOnEscrowAndPayablePercentage
Namespace Prefix: | SMX_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SMX_IfrsStatementLineItems
Namespace Prefix: | SMX_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of shares issued and outstanding. + References No definition available. + Details
Name: | SMX_NumberOfSharesIssuedAndOutstanding
Namespace Prefix: | SMX_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Proceed from issuance of private placement. + References No definition available. + Details
Name: | SMX_ProceedFromIssuanceOfPrivatePlacement
Namespace Prefix: | SMX_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Proceeds from escrow of warrants. + References No definition available. + Details
Name: | SMX_ProceedsFromEscrowOfWarrants
Namespace Prefix: | SMX_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Provision for fair value of financial liability percentage. + References No definition available. + Details
Name: | SMX_ProvisionForFairValueOfFinancialLiabilityPercentage
Namespace Prefix: | SMX_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Transaction cost. + References No definition available. + Details
Name: | SMX_TransactionCost
Namespace Prefix: | SMX_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DerivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The exercise price of share options granted. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ExercisePriceShareOptionsGranted2019
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of an expected dividend used to calculate the fair value of share options granted. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of costs associated with financing activities of the entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 82 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_82_b&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_FinanceCosts
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares issued by the entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 106 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_106_d&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_NumberOfSharesIssued
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of shares issued by the entity, for which full payment has not been received. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 79 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_79_a_ii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_NumberOfSharesIssuedButNotFullyPaid
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The nominal value per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 79 -Subparagraph a -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_79_a_iii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ParValuePerShare
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | ifrs-full_CounterpartiesAxis=SMX_ThirdPartyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfContractsAxis=SMX_PlacementAgentAgreementtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ComponentsOfEquityAxis=SMX_PreFundedUnitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ComponentsOfEquityAxis=SMX_PreFundedWarrantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=SMX_TwoSeriesACommonWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=SMX_SeriesBCommonWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfShareCapitalAxis=SMX_SeriesACommonWarrantsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |