TOYO Co., Ltd Announces First Half 2025 Financial Results
1. TOYO ships 1.6 GW of solar cells in first half 2025. 2. Revenue increased 0.7% to approximately $139 million year-over-year. 3. Ethiopian plant capacity expected to reach 4 GW by October 2025. 4. Gross profit margin decreased from 19.3% to 16.6% due to rising unit costs. 5. Projected annual net income for 2025 is $39-45 million.