Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	April 30, 2023		October 31, 2022
Assets
Current assets:
Cash and cash equivalents	$	367,485	$	319,680
Short-term investments		45,431		38,820
Accounts receivable		214,464		198,147
Inventories		54,940		50,753
Other current assets		37,796		37,252
Total current assets		720,116		644,652
Property, plant and equipment, net		699,917		643,873
Other assets		30,992		27,305
Total assets	$	1,451,025	$	1,315,830
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	7,017	$	10,024
Accounts payable and accrued liabilities		178,151		183,773
Total current liabilities		185,168		193,797
Long-term debt		21,322		32,310
Other liabilities		39,851		27,634
Photronics, Inc. shareholders' equity		928,047		831,527
Noncontrolling interests		276,637		230,562
Total equity		1,204,684		1,062,089
Total liabilities and equity	$	1,451,025	$	1,315,830