According to foreign media reports, on March 31, Japan's solar cell and report" showed that. TOYO Solar shipped a total of 4.5G W solar cells in fiscal year 2025, exceeding the annual (4.2-4.
The company explained that it benefited from the expansion of its 4GW manufacturing plant in Ethiopia , which reached nameplate capacity in October 2025.

Photo: TOYO Solar
In terms of performance, according to TOYO Solar, the company achieved revenue
in fiscal year 2025. The company's operating cost was 331 million US dollars , an increase of 113% over the same period; Gross profit was $96.3 million, while gross margin increased to 22% from 12.4% in fiscal 2024.
In addition to the above, TOYO Solar also announced its full year outlook for 2026.
Specifically, TOYO Solar expects solar cell shipments to be 5.5G W – 5.8G W in 2026 ; Solar module shipments are expected to be 1GW-1.
In addition, the company forecasts a full-year adjusted net profit of $90 million to $ 100 million.
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