- SMX (Security Matters) Public Ltd Co reported a **net loss** of **$24,621 thousand** for the six months ended **June 30, 2025**, which is a **126% increase** compared to the **$10,886 thousand** loss for the six months ended **June 30, 2024**.  **[1940674_0001641172-25-025997_ex99-1.htm:1]** **[1940674_0001641172-25-025997_form6-k.htm:8]** **[1940674_0001641172-25-025997_form6-k.htm:9]** 
- As of **June 30, 2025**, the company had accumulated losses of approximately **$106 million** and continues to incur operating losses and negative cash flows, leading to **substantial doubt about its ability to continue as a going concern**.  **[1940674_0001641172-25-025997_ex99-1.htm:4]** **[1940674_0001641172-25-025997_form6-k.htm:11]** 
- The company's cash and cash equivalents balance was **$750 thousand** as of **June 30, 2025**. Since then, it has raised approximately **$7,125 thousand** in convertible note funding and signed an agreement on **August 1, 2025**, to raise up to an additional **$13,750 thousand** through promissory notes.  **[1940674_0001641172-25-025997_ex99-1.htm:4]** **[1940674_0001641172-25-025997_form6-k.htm:9]** **[1940674_0001641172-25-025997_form6-k.htm:10]** **[1940674_0001641172-25-025997_form6-k.htm:12]** 
- SMX entered into an event of **nonpayment** on a loan on **June 30, 2025**, resulting in a revalued liability of **$2,115**, and is currently negotiating with the lender for settlement.  **[1940674_0001641172-25-025997_ex99-1.htm:8]**

SMX (Security Matters) Public Ltd (SMX)