EarningsQ2 2026 Earnings Report
EHMEF Q2 2026 EPS Results
Actual EPS$0.73
Consensus EPS-$0.79
Beat/MissBeat by +$1.52
One Year Ago EPS$2.94
EHMEF Q2 2026 Revenue Results
Actual Revenue$279.11M
Expected Revenue$278.49M
Beat/MissBeat by +$619.70K
YoY Revenue Growth-6.76%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
EHMEF Upcoming Earnings
goeasy's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
EHMEF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: management executed decisive actions that materially strengthened liquidity and improved several quarter-over-quarter credit metrics, while also acknowledging significant year-over-year revenue and credit challenges, an outstanding material weakness remediation, and a continued need to rebuild earnings momentum. The company is stabilizing the business through originations discipline, portfolio mix shift toward direct-to-consumer, and operational improvements, but near-term profitability and yields remain under pressure and capital returns are suspended.Company Guidance
Quarterly Adjusted Earnings Per Share Turnaround
Delivered adjusted diluted EPS of CAD 1.02 in Q2 2026, a sequential improvement from an adjusted diluted loss per share of CAD (1.90) in Q1 2026.
Improved Quarter-over-Quarter Credit Metrics
Net charge-off rate improved by 110 basis points QoQ to 16.7%; delinquencies (total) declined 100 basis points YoY to 11.9%; loans >30 days past due improved slightly QoQ (5.9% to 5.8%).
Stronger Liquidity and Leverage Position
Repaid full balance of revolving credit facility (CAD 314 million) by June 30, 2026; debt to adjusted tangible equity improved to 4.95x from 5.3x in Q1; regained ability to make incremental draws on the revolver as of July 1.
Robust Operating Cash Generation
Cash provided by operating activities before net principal written was CAD 585 million in Q2 2026, up from CAD 489 million in Q2 2025, supporting liquidity and balance sheet stabilization.
Deliberate Origination Discipline and Portfolio Repositioning
Originations were deliberately pulled back 70% YoY to CAD 272 million (from CAD 904 million in Q2 2025), resulting in a 6.8% QoQ contraction in gross consumer loans receivable (down CAD 363 million) to CAD 5.0 billion; direct-to-consumer share of portfolio increased to 60.3% (up 650 bps YoY and up 300 bps since Q4).
Progress on Six-Point Plan and Operational Actions
Significant reduction in LendCare originations, leadership strengthening (e.g., new SVP & COO), closure of one main office to reduce real estate spend, and continued focus on collections and cost efficiencies.
Improved LendCare Credit Trajectory
Merchant-originated LendCare net charge-offs fell 580 basis points QoQ to 20.6% (from 26.4% in Q1), consistent with management expectations and remediation efforts.
Regulatory and Controls Progress
Engaged a Big Four firm for an independent advisory assessment on ICFR; internal audit has begun active control testing as part of remediation of a LendCare IFRS 9 material weakness.
EHMEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed