Goeasy (OTC) ( (EHMEF) ) has released its Q3 earnings. Here is a breakdown of the information Goeasy (OTC) presented to its investors.
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Goeasy Ltd., a prominent Canadian consumer lender, specializes in offering financial services to individuals with near to non-prime credit scores through its brands like easyfinancial and easyhome. The company operates across various sectors including unsecured lending, home equity lending, and automotive financing.
In its third-quarter earnings report for 2025, Goeasy Ltd. reported a notable increase in loan originations, reaching $946 million, a 13% rise from the previous year. The company’s revenue also saw a 15% increase, amounting to $440 million, while the loan portfolio grew by 24% to $5.44 billion.
Key financial metrics highlighted include a decrease in the net charge-off rate to 8.9% and a slight decline in adjusted diluted earnings per share to $4.12. Despite a challenging economic climate, the company maintained a strong performance across all product channels, with a significant 22% increase in credit applications.
The company’s operating income rose by 4% to $166 million, although the operating margin experienced a slight decrease. Goeasy’s strategic focus on optimizing borrower assistance tools and enhancing cash collections was emphasized as a response to ongoing economic uncertainties.
Looking ahead, Goeasy’s management remains confident in the long-term potential of the business, despite the current economic challenges. The company continues to focus on supporting its customers and leveraging its strong market position to drive future growth.