TOKYO, Dec. 8, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF),  ("TOYO" or the "Company"), a solar solution company, today announced that it has acquired the remaining 24.99% membership interest in its U.S. subsidiary, TOYO Solar LLC, making it a wholly owned subsidiary of the Company. This transaction follows TOYO's recent strategic expansion into U.S.-based manufacturing and underscores the Company's commitment to strengthening its presence in the American solar supply chain. TOYO Solar L ...

Core Points - X-energy has signed a Definitive Supply Agreement with Toyo Tanso for fine-grain graphite components valued at approximately $40 million for the Xe-100 small modular reactor deployment [1][3] - The agreement is a significant milestone for the Long Mott Generating Station project in Texas, in partnership with Dow, Inc., and supported by the U.S. Department of Energy [1][5] - Toyo Tanso will manufacture graphite core structural components using IG-110 fine-grain isotropic graphite for the four Xe-100 reactors [2][4] - X-energy is also in discussions with Toyo Tanso regarding graphite components for the Cascade Advanced Energy Facility in Washington state [2][3] - The agreement supports X-energy's broader efforts to develop a robust SMR supply chain in the U.S. and allied countries [3][4] - X-energy has customer engagements with Amazon and Centrica, potentially totaling over 11 GW across the U.S. and U.K., equivalent to approximately 144 Xe-100 SMRs [3][5] - The company is constructing a fuel fabrication facility in Oak Ridge, Tennessee, to ensure a stable domestic fuel supply for its reactors [5][6] Company Overview - X-energy is a leading developer of advanced small modular nuclear reactors and fuel technology aimed at clean energy generation [7] - The company's SMR design is characterized by enhanced safety, lower costs, and faster construction timelines compared to conventional nuclear reactors [7]

TOKYO, Nov. 3, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced it has officially entered into a strategic partnership with Voltec Solar, a photovoltaic panel manufacturer based in France, marking TOYO's entry into the European market and accelerating its global expansion toward low-carbon solar infrastructure. The signing ceremony took place at TOYO's production base in Vietnam, where TOYO's management was joined by Erick V ...

Core Insights - The article discusses the challenges and unpredictability of financial markets, emphasizing the difficulty in accurately predicting trends and identifying value opportunities [1]. Group 1: Market Analysis - The author highlights the importance of understanding financial history to make informed predictions about market trends [1]. - There is a suggestion that current market conditions are particularly volatile, making it harder for analysts to forecast future movements [1]. Group 2: Investment Perspective - The article reflects a personal viewpoint on the limitations of traditional investment analysis methods in the current economic climate [1]. - It underscores the necessity for investors to remain cautious and critical of their own assumptions when evaluating potential investment opportunities [1].

Exhibit 99.1 TOYO Co., Ltd. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Currency expressed in United States Dollars ("US$"), except for number of shares) | | June 30, | December 31, | | --- | --- | --- | | | 2025 | 2024 | | | (unaudited) | | | ASSETS | | | | Current Assets | | | | Cash | $ 28,192,265 | $ 13,654,445 | | Restricted cash | 1,876,423 | 1,878,267 | | Accounts receivable, net | 12,153,726 | 6,913,996 | | Accounts receivable – a related party | 4,460,162 | 11,840,648 | | Prepayments | 8,977,6 ...

Core Insights - TOYO Co., Ltd has raised its outlook for shipments, revenues, and net income for 2025, projecting solar cell shipments to reach approximately 4.2-4.4 GW, with revenues expected between $375 million and $400 million [3][12]. Business Highlights for 1H 2025 - Revenues for the first half of 2025 were approximately $139 million, a 0.7% increase from $138.1 million in the same period of the previous year, driven by the new solar cell facility in Ethiopia [5][7]. - The company shipped approximately 1.6 GW of solar cells during the first half of 2025 [7]. - Non-GAAP Adjusted EBITDA for the first half of 2025 was approximately $23 million, down from $33 million in the prior year [9][21]. - Net income attributable to TOYO's shareholders was approximately $4 million for the first half of 2025, compared to $19.6 million for the same period in the prior year [10]. Operational Developments - The new solar cell facility in Ethiopia is operating at full 2 GW capacity and is expected to reach 4 GW by October 2025 [4][7]. - A new solar module facility in the Houston metropolitan area has commenced trial production, aligning with the company's "made-in-USA-for-the-USA" strategy [4][7]. - The company has redirected its Vietnam cell capacity to serve high-growth markets outside the U.S., particularly India and Taiwan [7][12]. Financial Performance - The cost of revenues for the first half of 2025 was approximately $116 million, compared to $111.4 million in the same period of the prior year [6]. - Gross profit margin for the first half of 2025 was 16.6%, down from 19.3% in the prior year, primarily due to rising raw material costs [8]. - Total operating expenses increased by 219.9% to approximately $13 million for the first half of 2025, driven by expenses related to new facilities [8][13]. Future Outlook - The company expects to exceed its previous guidance of 3.5 GW in solar cell shipments for 2025, projecting a total of approximately 4.2-4.4 GW [12]. - Projected net income for the full year 2025 is expected to be between $39 million and $45 million, reflecting continued growth and improving margins [12]. - The company plans to scale up production at its Ethiopian facility while expanding U.S. module capacity as it refines its sourcing strategy [12].

Core Viewpoint - TOYO Co., Ltd has announced the acquisition of the VSUN brand from its sister company, Vietnam Sunergy Joint Stock Company, to streamline operations and enhance shareholder value [1][2] Group 1: Acquisition Details - The acquisition of the VSUN brand will accelerate TOYO's growth and expansion, leveraging VSUN's established customer base and proven technology [2][4] - Since 2018, VSUN has delivered over 8 GW of solar modules to the U.S. market, indicating a strong market presence and customer trust [2][6] - The acquisition did not involve any issuance of new equity by TOYO [3] Group 2: Strategic Benefits - The acquisition is viewed as a catalyst for long-term value creation, combining TOYO's manufacturing strength with VSUN's global reach [5] - TOYO gains immediate access to a well-established customer base, positioning itself to meet increasing demand for U.S. solar panels [6] - The acquisition supports TOYO's strategic expansion into the U.S. market, complementing its existing manufacturing footprint in Vietnam and Ethiopia [6] Group 3: Market Recognition and Performance - VSUN has been recognized as a "Top Performer" by PV Evolution Labs for five consecutive years and has maintained Tier 1 status by BloombergNEF since Q3 2019 [6] - VSUN was awarded "Overall Highest Achiever" in the PV Module Index by the Renewable Energy Test Center for 2024 and 2025 [6] - The brand has also received a Bronze Medal from EcoVadis for its Corporate Social Responsibility and ESG management [6] Group 4: Operational Synergies - TOYO operates one of the largest non-Chinese N-type solar cell manufacturing bases globally, which is expected to enhance operational efficiencies and cost competitiveness through the integration of the VSUN brand [6][7] - The acquisition is anticipated to improve TOYO's revenue base and expand its market presence, particularly in the U.S. utility-scale market [6]

Company Overview - TOYO Co., Ltd is a solar solution company aiming to be a reliable full-service provider in the global market, integrating various stages of the solar power supply chain including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [3] Upcoming Events - TOYO's management team will participate in the H.C. Wainwright 27th Annual Global Investment Conference on September 8, 2025, from 1:00pm to 1:30pm ET at the Lotte New York Palace Hotel in New York City, with opportunities for 1x1 meetings [1] - The company will also be present at the RE+ 2025 event scheduled for September 10th - 11th, 2025, at the Venetian Expo & Caesars Forum in Las Vegas, Nevada, encouraging customers and interested parties to request meetings [2]

Market Overview - The Europe Rice Noodles Market was valued at USD 2.18 Billion in 2024 and is projected to reach USD 3.86 Billion by 2030, with a compound annual growth rate (CAGR) of 9.99% [2][9] - The market is experiencing growth due to a shift towards gluten-free and health-conscious dietary options among European consumers [2] Key Market Drivers - The rising popularity of Asian cuisine is a significant driver for the market, as European consumers increasingly explore global flavors, leading to higher demand for rice noodles in both foodservice and home cooking [4] - The convenience-driven demand, influenced by busy lifestyles and a preference for ready-to-eat products, is further propelling market growth [3] Key Market Challenges - The rice noodles market faces strong competition from traditional wheat-based noodles, which are more familiar and often less expensive, making it difficult for rice noodles to capture a larger market share [5] - Cultural preferences and established consumption habits surrounding wheat-based pasta can hinder the adoption of rice noodles in certain regions [5] Key Market Trends - There is an increasing preference for gluten-free and health-conscious foods, with rice noodles being favored as a naturally gluten-free alternative that aligns with the broader wellness trend in Europe [6] - The demand for organic, clean-label, and minimally processed rice noodle offerings is rising to meet the needs of health-conscious consumers [6] Key Players - Notable companies in the Europe Rice Noodles Market include Thai President Foods Public Company Limited, Nongshim Co., Ltd., Toyo Suisan Kaisha, Ltd., and Nissin Foods Co., Ltd. among others [7] Report Scope - The report segments the Europe Rice Noodles Market by product type, distribution channel, and country [8]

Core Insights - The Rice Noodles Market was valued at USD 6.32 Billion in 2024 and is projected to reach USD 10.43 Billion by 2030, with a compound annual growth rate (CAGR) of 8.71% driven by increasing demand for gluten-free and health-conscious food alternatives [2][11]. Market Drivers - Rising health consciousness and demand for gluten-free products are significantly driving the rice noodles market, as consumers increasingly seek gluten-free dietary options due to awareness of celiac disease and gluten intolerance. In the UK, nearly 15% of households avoid gluten or wheat, contributing to the mainstream acceptance of rice noodles as a health food [4]. - The growing popularity of Asian cuisine, particularly in North America and Europe, is enhancing market penetration for rice noodles [2]. Market Challenges - The rice noodles market faces intense competition from both within the noodle industry and adjacent product categories, leading to pricing pressures and limited differentiation. Price sensitivity in developing economies often results in consumer preference for affordability over premium features [5][6]. Market Trends - There is a surge in demand for organic and clean-label rice noodles, as consumers prioritize transparency in ingredient sourcing and production. The trend towards organic foods is particularly strong in North America, Europe, and Asia, with brands highlighting attributes such as "non-GMO" and "organic-certified" to appeal to health-conscious consumers [7].