Spectra Systems eyes growth acceleration as hails record profitability

(Alliance News) - Spectra Systems Corp on Monday boosted its dividend by 20% after reporting strong growth in sales and profit.

The Providence, Rhode Island-based company which provides technology for secure transactions from banknotes to gaming said pretax profit more than doubled to USD26.8 million in 2025 from USD11.3 million in 2024.

Revenue increased 31% to USD64.3 million from USD49.2 million.

Spectra Systems said the increase in sales was primarily driven by sensor production revenue recognition of USD22.0 million and related hardware sales of USD7.3 million, part of the development contract scheduled for completion in 2026.

Adjusted earnings before interest, taxes, depreciation and amortisation jumped 83% to USD27.3 million from USD14.9 million.

The annual dividend was boosted 17% to USD0.136 per share from USD0.116.

"Through the execution of our sensor contract, the company has achieved its highest profitability since its inception," Chief Executive Nabil Lawandy said.

In response, shares in Spectra Systems rose 8.6% to 136.89 pence each in London on Monday.

Looking ahead, Spectra said it continues to have number of new short-term and long-term prospects.

The combination of these prospects will allow the company to "accelerate its revenue and earnings growth over the coming years," the firm added.

By Jeremy Cutler, Alliance News reporter

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