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Highlights

  • GSY’s Q1FY25 interest income rose 13.7% YoY, while operating income grew 5.3% YoY.
  • The company declared a quarterly dividend of CAD 1.46 per share, payable on July 11, 2025.
  • GSY targets CAD 7.35–7.75 billion loan portfolio by FY2027, with continued dividends and buybacks.

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.

Business update

GSY surpassed CAD 5 billion in its consumer loan portfolio, adding CAD 1 billion within a year, driven by decent growth, customer acquisition, and product expansion. The company declared a quarterly dividend of CAD 1.46 per share, payable on July 11, 2025.

Company Outlook

Goeasy aims to grow its loan portfolio to CAD 7.35–7.75 billion by FY27, while managing near-term earnings pressure through pricing and collections optimisation, with continued dividends and buybacks reflecting confidence in future performance.

Top 10 Shareholders

The top 10 shareholders of Goeasy collectively hold approximately 31.03% of the total shareholding, with Johnson (Donald K) and Ingram (David) holding the largest stakes at around 18.29% and 1.96%, respectively.

Stock Information

The stock has witnessed an upside of ~3.68% and ~12.31% over the past week and past month respectively. Moreover, it is trading above the average 52-week high price of CAD 206.02 and 52-week low price of CAD 134.01 with closing price CAD 167.88 as of July 01 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is July 01  2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.