TOYO Co., Ltd. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	51.63	13.65	18.04	2.07
Cash & Short-Term Investments	51.63	13.65	18.04	2.07
Cash Growth	278.15%	-24.29%	773.20%	-
Receivables	11.75	18.75	-	-
Inventory	80.06	19.98	64.4	-
Prepaid Expenses	25.41	0.39	0.15	-
Restricted Cash	0.71	1.88	0.08	-
Other Current Assets	2.28	0.73	0.09	-
Total Current Assets	171.85	55.39	82.75	2.07
Property, Plant & Equipment	255	165.67	143.32	0.71
Long-Term Deferred Tax Assets	0.18	-	-	-
Long-Term Deferred Charges	-	-	2.08	-
Other Long-Term Assets	14.41	18.74	10.13	8.15
Total Assets	441.43	239.8	238.28	10.92
Accounts Payable	55.65	17.63	37.22	1.08
Accrued Expenses	2.8	1.57	4.89	1.73
Short-Term Debt	90.18	71.19	91.9	-
Current Portion of Long-Term Debt	5.47	-	-	-
Current Portion of Leases	2.87	2.12	0.15	-
Current Income Taxes Payable	15.39	0.78	-	-
Current Unearned Revenue	107.94	23.73	29.35	-
Other Current Liabilities	15.42	8.01	5.69	0.07
Total Current Liabilities	295.7	125.03	169.19	2.88
Long-Term Debt	-	21	11.82	-
Long-Term Leases	34.47	34.33	0.37	0.2
Total Liabilities	330.18	180.36	181.39	3.08
Common Stock	0	0	0	0
Additional Paid-In Capital	28.78	14.41	50	7.64
Retained Earnings	89.98	50.32	9.7	-0.19
Comprehensive Income & Other	-7.5	-5.49	-2.81	0.4
Total Common Equity	111.26	59.24	56.9	7.85
Minority Interest	-	0.2	-	-
Shareholders' Equity	111.26	59.44	56.9	7.85
Total Liabilities & Equity	441.43	239.8	238.28	10.92
Total Debt	132.99	128.63	104.24	0.2
Net Cash (Debt)	-81.36	-114.98	-86.21	1.87
Net Cash Per Share	-2.68	-3.74	-2.10	0.05
Filing Date Shares Outstanding	36.71	33.6	41	41
Total Common Shares Outstanding	36.71	33.6	41	41
Working Capital	-123.86	-69.64	-86.44	-0.81
Book Value Per Share	3.03	1.76	1.39	0.19
Tangible Book Value	111.26	59.24	56.9	7.85
Tangible Book Value Per Share	3.03	1.76	1.39	0.19
Buildings	83.34	18.4	15	-
Machinery	177.29	120.31	86.21	0
Construction In Progress	8.39	10.32	44.14	0.52
Leasehold Improvements	6.06	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.