MIDI plc – Approval of Financial Statements

MIDI plc approved the audited consolidated financial statements for the year ended December 31, 2020. The board resolved that these shall be submitted for approval of the shareholders at the forthcoming Annual General Meeting to be held on June 17, 2021.

Statement of profit or loss


2019 2020
€27.7 million €2.8 million

Profit before tax

2019 2020
€11.2 million €1.6 million

Operating profit/loss

2019 2020
€11.7 million -€1.2 million

Earnings per share

2019 2020
€0.038 -€0.010

Statement of financial position

Total assets

2019 2020
€235 million €228 million

Total liabilities 

2019 2020
€131 million €126 million


The board did not recommend a dividend payment in respect of the year ended December 31, 2020, consistent with the position adopted in 2019. The aim is to preserve the Group’s cash resources taking into account projected liquidity demands over the coming months. A net dividend of €0.008 per share, amounting in total to €1,713,279 was paid during 2019 in respect of the financial year ended December 31, 2018.


Taking cognisance of the short-term funding arrangement together with the Group’s long-term liquidity and capital management programmes, the directors have a reasonable expectation that the Group and Parent Company have adequate resources to continue in operational existence for the foreseeable future.

Click here to download the full financial statement.