goeasy Ltd. Reports Results for the Third Quarter 2026

Résumé détaillé

goeasy Ltd. (TSX: GSY), ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit scores, today reported results for the third quarter ended September 30, 2026.

Diluted Loss Per Share of $1.03 in Q3/26, down from diluted EPS of $0.96 in Q2/26Adjusted Diluted Loss Per Share1 of $0.94 in Q3/26, down from Adj. Dil. EPS1 of $1.02 in Q2/26Gross Consumer Loans Receivable of $4.88 billion at Q3/26 end, down 2% from $5.00 billion at Q2/26Total Yield On Consumer Loans1,4 of 27.7% in Q3/26, down 60 bps from 28.3% in Q2/26Net Charge Off Rate1 of 15.2% in Q3/26, down 150 bps from 16.7% in Q2/26Cash Provided By Operating Activities Before Net Principal Written2 of $606.8 million, up from $585.4 million in Q2/26

MISSISSAUGA, ON, Nov. 10, 2026 /CNW/ -- goeasy Ltd. (TSX: GSY), ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit scores, today reported results for the third quarter ended September 30, 2026.

"Through the focused efforts of the entire goeasy team, we made significant progress this quarter in executing our six-point plan," said Patrick Ens, goeasy's Chief Executive Officer. "We reduced our net charge off rate by 150 basis points compared to the prior quarter, generated $606.8 million in cash from operating activities before net principal written, grew our cash balance by $179.7 million with nil outstanding on our revolving credit facility, and renewed our revolving securitization warehouse facility at a reduced interest rate.

During the quarter, the Company funded $567.5 million in gross loan originations, down 40% compared to $945.7 million in the third quarter of 2025. The decrease in lending, consistent with the Company's six-point plan, was primarily due to a reduction in merchant-originated automotive and powersports loan originations attributable to the implementation of tighter credit underwriting measures as those portfolios continued to exhibit unfavourable credit risk performance.

Gross consumer loans receivable decreased 10% to $4.88 billion as at September 30, 2026 from $5.44 billion at the end of the third…

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