Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	July 28,		October 31,
	2024		2023
Assets
Current assets:
Cash and cash equivalents	$	537,331	$	499,292
Short-term investments		69,046		12,915
Accounts receivable		199,926		194,927
Inventories		55,472		49,963
Other current assets		30,865		28,353
Total current assets		892,640		785,450
Property, plant and equipment, net		722,638		709,244
Other assets		29,823		31,527
Total assets	$	1,645,101	$	1,526,221
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	20,090	$	6,621
Accounts payable and accrued liabilities		171,036		178,602
Total current liabilities		191,126		185,223
Long-term debt		28		17,998
Other liabilities		40,518		47,391
Equity:
Photronics, Inc. shareholders' equity		1,067,994		975,008
Noncontrolling interests		345,435		300,601
Total equity		1,413,429		1,275,609
Total liabilities and equity	$	1,645,101	$	1,526,221