TOYO Co., Ltd(TOYO) - 2025 Q2 - Quarterly Report

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 ...