Spectra Systems Secures £32m HMRC Contract for Vape Duty Stamps

The latest announcement is out from Spectra Systems ( (GB:SPSY) ).

Spectra Systems Corporation’s Cartor Security Printers has signed a contract with HM Revenue & Customs (HMRC) to produce and supply vape duty stamps in partnership with tax stamp specialist SICPA SA, further entrenching the group’s position in high-security printing and authentication solutions for regulated products. The deal, valued at an estimated £32 million over five years with an optional sixth year, will see Spectra lead the consortium, receive the full contracted revenue and then distribute funds, with around 22% of the five‑year contract value expected to accrue to Spectra through stamp production, forensic features and authentication devices; management says this prestigious long-term mandate supports its ongoing security printing reorganization and is expected to drive significant profit contributions from CSP in 2026, rising further in 2027 once restructuring benefits are fully realized.

The most recent analyst rating on (GB:SPSY) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Spectra Systems stock, see the GB:SPSY Stock Forecast page.

Spark’s Take on GB:SPSY Stock

According to Spark, TipRanks’ AI Analyst, GB:SPSY is a Outperform.

Spectra Systems’ strong financial performance and favorable valuation are the most significant factors contributing to its high score. The company’s robust profit margins and effective cash flow management position it well for future growth. Positive corporate events further enhance its market position. Technical analysis indicates a neutral trend, slightly tempering the overall score.

To see Spark’s full report on GB:SPSY stock, click here.

More about Spectra Systems

Spectra Systems Corporation is a technology company specializing in machine-readable high-speed banknote authentication, security printing, brand protection technologies and gaming security software, with its security printing arm, Cartor Security Printers (CSP), focused on producing high-security tax and duty stamps and related authentication features for government and commercial clients.

Average Trading Volume: 78,600

Technical Sentiment Signal: Sell

Current Market Cap: £71.77M

For a thorough assessment of SPSY stock, go to TipRanks’ Stock Analysis page.