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EHMEF

Goeasy Slips To Q4 Loss; Suspends Dividend, Share Repurchases

April 01, 2026 — 04:45 am EDT

Written by

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(RTTNews) - goeasy Ltd. (EHMEF, GSY.TO), a Canadian consumer lender, on late Tuesday reported a loss in its fourth quarter, compared to prior year's profit, hit by LendCare-related charges, elevated credit losses, and higher expenses, amid nearly flat revenues.

In response to the earnings pressure, the board decided to suspend the regular quarterly dividend and share repurchases indefinitely to preserve capital and maintain liquidity.

In the fourth quarter, the company posted a net loss of C$336.94 million or C$20.49 per share, compared with a net income of C$54.16 million or C$3.12 per share a year earlier.

In the latest quarter, the company recorded a C$159.6 million goodwill impairment charge related to its LendCare business.

On an adjusted basis, net loss was C$146.86 million or C$8.93 per share, compared with a net income of C$57.73 million or C$3.32 per share last year.

Operating loss for the quarter was C$283.32 million, compared with the operating income of C$138.30 million in the prior year. Adjusted operating loss was C$120.1 million, a decrease from adjusted operating income of C$141.7 million a year ago.

Revenue remained largely flat at C$406.312 million, compared to C$407.00 million last year. The company recorded a 20 percent increase in the loan portfolio to C$5.51 billion, and a 600 basis points decline in yield to 26.6 percent.

Looking ahead, goeasy expects 2026 to be a transitional year focused on resetting its operating model, improving credit performance and strengthening its capital structure.

For the first quarter, gross consumer loans receivable are projected at C$5.3 billion to C$ 5.4 billion, and for the full year, it is expected to decline before resuming growth in the seconf half.

On the Toronto stock exchange, shares of goeasy closed Tuesday's regular trading 5.11 percent higher at C$38.23.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.