Portuguese Mint and Official Printing Office (INCM)

What Portuguese Mint and Official Printing Office (INCM) does

Imprensa Nacional – Casa da Moeda, S.A. (INCM) is a Portuguese state-owned public limited company with exclusively public capital, owned by the Portuguese Government and headquartered at Edifício Casa da Moeda in Lisbon. The entity was formed from the merger of two historic institutions — the Imprensa Nacional, founded in 1768, and the Casa da Moeda, with more than 700 years of history — and operates under Decree-Law 170/99 of 19 May 1999, with a registered share capital of €30 million. INCM is the sole mandated provider of Portuguese national identity documents (citizen card, passport), the official gazette (Diário da República), circulating and collector coinage, and contrastaria (assay and hallmarking) services for precious metals.

Revenue flows from five documented streams: security document production under government procurement contracts, coin minting (circulation and numismatic), Contrastaria authentication services, subscription-based official publications, and licensing/royalty revenue from cultural publishing under the Editora Imprensa Nacional imprint. Distribution is via direct-to-customer channels — a national retail store network in Lisbon (two locations), Coimbra, and Porto, the loja.incm.pt online store, Contrastaria assay offices (Lisbon, Porto, Gondomar), and direct public-sector procurement — supported by an organic social and newsletter presence across LinkedIn, Facebook, Instagram, X, YouTube, and Vimeo. The technological base rests on proprietary high-security printing and authentication methods developed in collaboration with Portuguese universities and research centers, formalized under the INCM Lab Inovação innovation laboratory and the Prémio IN3+ award program; complementary product lines include GovTec government technology, Imprensa Nacional literary publishing, the Museu Casa da Moeda, and a growing ecosystem of CSR platforms such as the Cartão de Voluntário. Management is led by a Board of Directors chaired by Nuno Sampaio, with Cristiana Ferreira and Afonso Reis Cabral as board members.

Name

Portuguese Mint and Official Printing Office (INCM)

Legal name

Imprensa Nacional – Casa da Moeda, S. A.

Website

https://incm.pt

Company type

Private

Founded year

1768

Operating status

Operating

Headcount range

101–250 employees

Short description

Portuguese state-owned enterprise (Imprensa Nacional – Casa da Moeda, S.A.) that serves as the exclusive producer of Portuguese citizen cards, passports, national coinage, the Diário da República official gazette, and precious-metal authentication services, and serves the Portuguese Government, citizens, collectors, and cultural readers through retail, e-commerce, and public-procurement channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Security Documents Production: Production and issuance of identity documents including citizen cards and passports for the Portuguese government.
2. Coin Minting: Minting of circulating and collectible coins for Portugal and other markets.
3. Contrastaria Services: Authentication and hallmarking services for precious metals (gold, silver, platinum).
4. Official Publications: Publication of Diário da República (official journal) and official publications.
5. Cultural Publications: Publishing through Editora Imprensa Nacional, including literary awards, art prizes, and Portuguese language and culture works.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

INCM is the Portuguese state-owned mint and printing office that produces high-security identity documents (citizen cards, passports), mints circulating and collector coins, authenticates precious metals through its Contrastaria (assay office), publishes the official Diário da República gazette, and operates a national publishing house for Portuguese-language literary and cultural works. The company also develops government technology (GovTec) solutions in partnership with national universities and research centers.

Product overview

INCM (Imprensa Nacional Casa da Moeda) is a public limited company with exclusively public capital resulting from the fusion of two of Portugal's oldest industrial establishments: the Imprensa Nacional, created in 1768, and the Casa da Moeda (Mint) with over 700 years of history. The company operates as a portfolio of brands offering security printing products (identity documents, passports, secure documents), coin minting (circulation and collector coins), assay services for precious metals, official publications (Diário da República), national publishing (Imprensa Nacional books and literary works), and government technology solutions (GovTec). The organization also maintains retail store networks across Portugal and operates an innovation laboratory (INCM Lab Inovação) focused on technological development in partnership with universities and research centers.

Differentiator

Problem solved

Functional benefit

Products and services

• Identificação (Identity Documents) Production of secure identity documents including the citizen card (cartão de cidadão) and passports for the Portuguese government.
• Autenticação (Authentication Solutions) Authentication solutions and services for verifying the authenticity of documents and products.
• GovTec (Government Technology Solutions) Government technology solutions and services for public administration.
• Moeda (Coin Minting) Mint production of circulation coins and collector coins (numismatic products).
• Contrastaria (Assay Office Services) Assay office services for authentication and certification of precious metals, including hallmarking.
• Diário da República Official publication and dissemination of the Portuguese Republic's official gazette and legal documents.
• Imprensa Nacional (National Publishing) National publishing house producing books, official publications, and literary works in Portuguese, including digital and audio books.
• Loja INCM (Online Store) Online retail platform for purchasing coins, publications, books, and other INCM products.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• GRACE – Empresas ResponsáveisminorStrategic or Co-development PartnerINCM is a member of GRACE – Empresas Responsáveis, integrating the Citizenship and Volunteering Cluster. This membership supports the company's social responsibility initiatives and community engagement programs.
• ENTRAJUDAminorStrategic or Co-development PartnerPartnership for the Cartão de Voluntário (Volunteer Card) platform, developed in partnership with CASES, enabling volunteer management programs for corporate social responsibility.
• Direção-Geral do Património CulturalminorStrategic or Co-development PartnerProtocol established for publishing exhibition catalogs of various National Museums and Palaces, contributing to cultural promotion and heritage preservation.
• National Universities and Research CenterscoreTechnology or IntegrationINCM develops technological innovation in partnership with major national universities and research centers, enabling high-security document production and authentication solutions.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bundesdruckerei: German federal security printer, producing German passports, ID documents, and digital identity infrastructure. Direct functional peer operating the same sovereign-printing mandate model as INCM.
• IN Groupe: French state-owned identity and secure documents provider producing passports, ID cards, and trusted identity solutions. Closest functional analogue to INCM as a sovereign-owned security printer in a euro-area market.
• The Royal Mint: UK state-owned mint producing circulating and collector coins plus precious-metal products. Comparable in currency-minting mandate, numismatic retail, and precious-metal authentication to INCM's Moeda and Contrastaria divisions.
• FNMT – Fábrica Nacional de Moneda y Timbre: Spanish state-owned mint and security printing office producing euro coins, passports, and Spanish electronic identity certificates. Iberian peer with virtually identical mandate scope to INCM.
• Istituto Poligrafico e Zecca dello Stato: Italian state printing office and mint producing identity documents, official gazette, and euro coins. Closest European analogue combining security printing, official publishing, and minting under one state-owned entity.
• Royal Dutch Mint: Dutch state-owned mint producing euro coins and numismatic products. Functional peer in circulating and collector coin minting with similar central-bank procurement relationship.

Emerging players

• Veridos: Identity solutions joint venture between Bundesdruckerei and Giesecke+Devrient providing passport, ID-card, and border-control systems to governments. Commercial peer competing for the same sovereign identity mandates INCM serves.

Broad incumbents

• De La Rue: Largest commercial banknote and security printer globally, producing currency substrates and identity documents for central banks and governments. Adjacent competitor active in the same security printing category as INCM.

Regional players

• Casa da Moeda do Brasil: Brazilian state mint producing banknotes, coins, and passports; comparable scope of sovereign printing and minting but operating in the South American market rather than in Portugal.

Others

• OVD-Kinegram (Leonhard Kurz): Supplier of security foil and authentication technologies used in passports, ID cards, and banknotes — a key technology input into the type of security documents INCM produces.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/incm_da
• YouTubeyoutube.com/channel/UCii9aCk9elpyi1gJZr5Po0w
• Facebookfacebook.com/INCM.SA
• LinkedInlinkedin.com/company/incm
• Instagraminstagram.com/imprensanacional_casadamoeda

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Portuguese Mint and Official Printing Office (INCM)