Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	July 30,		October 31,
	2023		2022
Assets
Current assets:
Cash and cash equivalents	$	448,479	$	319,680
Short-term investments		27,325		38,820
Accounts receivable		206,128		198,147
Inventories		55,379		50,753
Other current assets		34,900		37,252
Total current assets		772,211		644,652
Property, plant and equipment, net		701,459		643,873
Other assets		29,673		27,305
Total assets	$	1,503,343	$	1,315,830
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	6,589	$	10,024
Accounts payable and accrued liabilities		184,063		183,773
Total current liabilities		190,652		193,797
Long-term debt		20,121		32,310
Other liabilities		40,694		27,634
Photronics, Inc. shareholders' equity		961,212		831,527
Noncontrolling interests		290,664		230,562
Total equity		1,251,876		1,062,089
Total liabilities and equity	$	1,503,343	$	1,315,830