TOYO CO. LTD

LONDON--(BUSINESS WIRE)--Palliser Capital (“Palliser”), a significant shareholder in Toyo Tires (“Toyo”) (5105 JT), today published a comprehensive presentation on the opportunities available to unlock value at Toyo. To ensure market transparency and respond to requests from shareholders and other stakeholders, Palliser published the presentation first delivered by James Smith, Palliser Founder and Chief Investment Officer, at the Sohn Hong Kong Investment Leaders Conference on May 30, 2025. To.» Mehr auf businesswire.com

TOYO posted a 183% YoY revenue growth in FY24, but gross margins halved due to rising related-party costs, signaling potential pricing pressures. Over 80% of FY24 net income came from a non-operating $34.75M fair value gain, making core profitability much lower than headline numbers suggest. TOYO turned operating cash flow positive in FY24, a major turnaround from prior years, and largely self-funded $44M in CapEx for capacity expansion.» Mehr auf seekingalpha.com

TOKYO , May 15, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced certain updates to its press release issued on April 28, 2025, announcing the Company's second half and fiscal year ended December 2024 financial results. The Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, was filed with the Securities and Exchange Commission ("SEC") on May 12, 2025.» Mehr auf prnewswire.com