Goeasy’s (TSX: GSY) Loan Book Tops CAD 5Bn; Targets Up to CAD 7.75Bn by FY27

Thu 03 Jul 25, 01:15 AM | Team Kalkine

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Highlights

Goeasy Ltd (TSX: GSY) provides consumer financial services through merchandise leasing and unsecured installment loans, operating via its easyhome and revenue-leading easyfinancial segments.

In the first quarter of the financial year 2025 (Q1FY25), the company’s revenue from interest income increased by 13.7% YoY to CAD 295.8 million, mainly due to a larger loan portfolio and higher loan volumes, particularly in secured and automotive lending. Total revenue surged by 9.7% YoY to CAD 391.9 million, boosted by decent growth in interest income and customer acquisition across diversified credit channels. Operating income rose by 5.3% YoY to CAD 145.0 million due to operating leverage from higher revenue, despite slight margin pressure from product mix. However, net income declined by 33.2% YoY to CAD 39.4 million due to higher provisions for credit losses and lower total loan yield amid macroeconomic headwinds.

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