GOEASY LTD

CEO Patrick Ens presented a realignment at the Scotiabank summit: goeasy is tightening lending, reducing riskier dealer loans from LendCare and shifting capital toward easyfinancial. The company is strengthening risk, data and operating infrastructure, has suspended dividends and share buybacks, and used about CAD 400 million to pay down debt in Q2 2025. The annualized write-off rate fell to 16.7%; management expects 2026 to be a transition year focused on stabilization and cautious growth, dependent on better credit performance and a more stable macro environment. » Mere på de.investing.com

goeasy reported adjusted diluted EPS of C$1.02 in Q2, recovering from a C$1.90 loss in Q1 after a C$41.6 million release of credit-loss provisions and lower operating expenses. Originations fell 70% year over year to C$272 million and gross consumer loans receivable declined to C$5 billion, while net charge-offs remained elevated at 16.7% despite sequential improvement. The company shifted portfolio mix toward direct-to-consumer lending (60.3% of loans), repaid its revolving credit balance, regained incremental-draw access and expects the loan book to stay around C$5 billion through year-end 2026; dividends and buybacks remain suspended. » Mere på finance.yahoo.com

Goeasy reported adjusted diluted EPS of -1.90 CAD for Q1 2026 versus a forecast of 1.67 CAD, which pushed the shares down 5.49% after the close to 30.99 CAD. Revenue rose slightly to 413 million CAD, beating expectations. The loan portfolio shrank and loan losses increased, while operating cash flow remained strong. Management is focusing on the direct-to-consumer segment easyfinancial, plans a workforce restructuring with annual savings of 30 million CAD, and has suspended dividends and share buybacks. » Mere på de.investing.com