goeasy Limited delivered strong results in Q3 2025, marked by a record revenue of $440 million and continued organic loan growth, despite facing macroeconomic challenges.
- Achieved organic loan book growth of $336 million, with total receivables reaching $5.44 billion.
- Record quarterly revenue increased by 15% year-over-year, driven by robust loan originations of $946 million.
- Maintained a resilient portfolio yield of 31.4% amid a strategic shift towards secured loans.
- Net charge-off rate improved to 8.9%, while the allowance for credit losses rose to 8.1% due to early-stage delinquencies.
- Successfully launched a senior unsecured notes offering, raising CAD 796 million to enhance liquidity for growth initiatives.
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