Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	October 31, 2021		October 31, 2020
Assets
Current assets:
Cash and cash equivalents	$	276,670	$	278,665
Accounts receivable		174,447		134,470
Inventories		55,249		57,269
Other current assets		44,250		29,735
Total current assets		550,616		500,139
Property, plant and equipment, net		696,553		631,475
Intangible assets, net		774		3,437
Other assets		46,259		53,131
Total assets	$	1,294,202	$	1,188,182
Liabilities and Equity
Current liabilities:
Debt	$	22,248	$	13,678
Accounts payable and accrued liabilities		153,900		129,261
Total current liabilities		176,148		142,939
Long-term debt		89,446		54,980
Other liabilities		28,046		27,997
Photronics, Inc. shareholders' equity		823,692		804,962
Noncontrolling interests		176,870		157,304
Total equity		1,000,562		962,266
Total liabilities and equity	$	1,294,202	$	1,188,182