TOYO Co., Ltd reported unaudited financial results for the six months ended June 30, 2026. Revenue increased to $261.0 million from $139.1 million in the prior year period, driven by new OEM services and module sales alongside solar cell shipments. Net income attributable to shareholders rose to $45.8 million from $3.5 million, with diluted earnings per share reaching $1.20 compared to $0.08 previously. The company completed a registered direct offering on June 25, 2026, issuing 4,545,456 ordinary shares for approximately $47.1 million in gross proceeds. Additionally, the firm raised $5.5 million through an at-the-market equity offering during the quarter. Cash and restricted cash grew to $123.4 million by period-end. TOYO Co., Ltd operates in the renewable energy sector, specializing in the design, manufacture, and sale of solar cells and photovoltaic modules.

TOYO Co., Ltd. consummated a $50 million registered direct offering on June 25, 2026, issuing 4,545,456 ordinary shares and an equal number of purchase warrants at $11.00 per unit. The proceeds are intended for the construction of a 1.5 GW heterojunction (HJT) solar cell manufacturing facility in Houston, Texas, and general corporate purposes. TOYO Co., Ltd. operates in the solar energy industry and manufactures solar cells.

TOYO Co., Ltd. announced a strategic expansion into the United States with plans to construct a 1.5 GW Heterojunction (HJT) solar cell manufacturing facility in the Houston metropolitan area. Additionally, the company secured two major supply agreements for the U.S. market, representing $185.6 million in cumulative purchase orders. The company operates in the renewable energy industry, specializing in solar cell manufacturing.

Chief Financial Officer and director Raymond Chung is expected to resign in the third quarter of 2026. The company has identified Yasunari Harada, who has over 30 years of experience in banking and capital markets, as the substitute candidate for the CFO and director roles. The transition is not due to any disagreement regarding company operations or policies. TOYO Co., Ltd operates in the industrial sector providing specialized equipment and services.