Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	October 31, 2022		October 31, 2021
Assets
Current assets:
Cash and cash equivalents	$	319,680	$	276,670
Short-term investments		38,820		-
Accounts receivable		198,147		174,447
Inventories		50,753		55,249
Other current assets		37,252		44,250
Total current assets		644,652		550,616
Property, plant and equipment, net		643,873		696,553
Other assets		27,305		47,033
Total assets	$	1,315,830	$	1,294,202
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	10,024	$	22,248
Accounts payable and accrued liabilities		183,773		153,900
Total current liabilities		193,797		176,148
Long-term debt		32,310		89,446
Other liabilities		27,634		28,046
Photronics, Inc. shareholders' equity		831,527		823,692
Noncontrolling interests		230,562		176,870
Total equity		1,062,089		1,000,562
Total liabilities and equity	$	1,315,830	$	1,294,202