Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	January 30, 2022		October 31, 2021
Assets
Current assets:
Cash and cash equivalents	$	314,195	$	276,670
Accounts receivable		170,673		174,447
Inventories		61,971		55,249
Other current assets		50,940		44,250
Total current assets		597,779		550,616
Property, plant and equipment, net		692,289		696,553
Other assets		45,180		47,033
Total assets	$	1,335,248	$	1,294,202
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	18,307	$	22,248
Accounts payable and accrued liabilities		172,787		153,900
Total current liabilities		191,094		176,148
Long-term debt		78,540		89,446
Other liabilities		26,448		28,046
Photronics, Inc. shareholders' equity		838,425		823,692
Noncontrolling interests		200,741		176,870
Total equity		1,039,166		1,000,562
Total liabilities and equity	$	1,335,248	$	1,294,202