Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

goeasy Ltd. Provides a Financial and Operational Update Ahead of its Fourth Quarter Earnings Release

Newswire.ca - Tue Mar 10, 7:36AM CDT

New Management Team Takes Action to Prepare goeasy Ltd. for the Future

MISSISSAUGA, ON, March 10, 2026 /CNW/ - goeasy Ltd. (TSX: GSY) ("goeasy" or the "Company"), one of Canada's leading non-prime consumer lenders, announced today that it expects to incur an incremental charge off in Q4 2025 of approximately $178M against gross consumer loans receivable of $5.5B as at December 31, 2025, and a related write down of approximately $55M for loan interest and fees. Total Company net charge offs (including the incremental charge off above) in the quarter are expected to be approximately $331M. The Company also expects a net increase in allowance for credit losses on gross consumer loans receivable in the quarter of approximately $86M compared to the amount reported as at September 30, 2025. Accordingly, the Company is withdrawing its previously issued Q4 2025 outlook and three-year forecast.

Read more at newswire.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).