Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	July 31, 2022		October 31, 2021
Assets
Current assets:
Cash and cash equivalents	$	380,833	$	276,670
Accounts receivable		206,495		174,447
Inventories		50,313		55,249
Other current assets		40,414		44,250
Total current assets		678,055		550,616
Property, plant and equipment, net		640,805		696,553
Other assets		30,737		47,033
Total assets	$	1,349,597	$	1,294,202
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	10,727	$	22,248
Accounts payable and accrued liabilities		186,387		153,900
Total current liabilities		197,114		176,148
Long-term debt		46,589		89,446
Other liabilities		25,936		28,046
Photronics, Inc. shareholders' equity		850,318		823,692
Noncontrolling interests		229,640		176,870
Total equity		1,079,958		1,000,562
Total liabilities and equity	$	1,349,597	$	1,294,202