MIDI Plc Logo


ISIN: MT0000420126 | Ticker: MDI | LEI: 213800W1S7SVQLFV4X66
Sector: Real EstateSub-Industry: Real Estate Development
Country: Malta

About MIDI Plc

Company Description

Building a Future with Respect to the Past

The MIDI project is spearheading the revitalisation of Manoel Island and Tigné Point, two prime brown-field sites located on the north-eastern coast of Malta.

The wide-reaching scope and scale of the projects are impressive. Covering an area of 44 hectares and planned to cost some €600 million, this redevelopment scheme is Malta’s most ambitious property regeneration project by far. These two former military bases are located in one of the island’s most desirable residential areas, within view of each other across Marsamxetto harbour and a short drive or boat trip from the fortified baroque capital Valletta.

MIDI plc commenced works on Tigné Point in June 2000 and to date all of the 380 residential units built have been sold to a selection of local and international buyers.

Year founded


Served area



North Shore, Manoel Island, GZR 3016 Gzira – Malta

Financial statements

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Line item in (eur) 01.01.2021 01.01.2022
Assets 227,649,375.00 225,696,128.00
Noncurrent Assets 82,990,493.00 83,022,046.00
Property Plant And Equipment 2,428,964.00 2,215,231.00
Investment Property 37,077,612.00 37,281,697.00
Investment Accounted For Using Equity Method 29,903,027.00 30,325,824.00
Investments In Subsidiaries Joint Ventures And Associates 0.00 0.00
Deferred Tax Assets 92,320.00 58,710.00
Current Assets 144,658,882.00 142,674,082.00
Inventories 130,286,794.00 130,670,799.00
Trade And Other Current Receivables 2,781,750.00 2,253,050.00
Current Tax Assets Current 61,590.00 0.00
Cash and cash equivalents 11,528,748.00 9,750,233.00
Equity And Liabilities 227,649,375.00 225,696,128.00
Equity 101,842,250.00 102,387,532.00
Issued Capital 42,831,984.00 42,831,984.00
Retained Earnings 41,827,768.00 42,385,388.00
Share Premium 15,878,784.00 15,878,784.00
Liabilities 125,807,125.00 123,308,596.00
Noncurrent Liabilities 76,468,673.00 72,096,456.00
Noncurrent Payables 10,091,942.00 5,226,955.00
Deferred Tax Liabilities 3,506,718.00 3,506,718.00
Longterm Borrowings 49,486,630.00 49,578,577.00
Current Liabilities 49,338,452.00 51,212,140.00
Trade And Other Current Payables 38,705,850.00 40,281,692.00
Current Tax Liabilities Current 0.00 297,846.00
Line item in (eur) 01.01.2020/
Revenue 2,816,048.00 9,417,263.00
Other Income 60,009.00 46,382.00
Profit Loss From Operating Activities -1,223,133.00 1,864,371.00
Finance Income 25,530.00 31,725.00
Finance Costs 2,336,358.00 2,478,066.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 1,893,129.00 2,031,297.00
Other Income Expense From Subsidiaries Jointly Controlled Entities And Associates 50,000.00 50,000.00
Profit Loss Before Tax -1,590,832.00 1,499,327.00
Income Tax Expense Continuing Operations 524,893.00 941,707.00
Profit (loss) -2,115,725.00 557,620.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) -2,115,725.00 557,620.00
Cash and cash equivalents 11,528,748.00 9,750,233.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information






Real Estate

Industry Group

Real Estate Management & Development


Real Estate Management & Development


Real Estate Development

Listed Stock Exchange

Malta Stock Exchange

Contact Investor Relations department

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