TOYO Announces FY25 Preliminary Revenue Of ~$427M, Beating Previously Updated Guidance Range Of $375M–$400M; FY25 Preliminary Net Income Totals ~$38M

TOYO Co., Ltd (NASDAQ: TOYO) announced preliminary FY 2025 results, reporting revenue of approximately $427 million, exceeding its guidance of $375–$400 million. The company achieved a net income of about $38 million, which includes a one-time share-based compensation of $14 million. Solar cell shipments reached approximately 4.5 GW, surpassing the target of 4.2–4.4 GW, driven by increased production and strong demand in the renewable energy sector.