Lender goeasy slides after $131 million charge-off flagged, dividend and buybacks suspended

goeasy

10/03/2026 14:09

** Shares of goeasy GSY.TO plunge 46.93% to C$62.5, after Canadian lender forecasts Q4 incremental charge-off of C$178 million ($131.25 million) against C$5.5 billion ($4.06 billion) in gross consumer loans receivable

** It also expects C$55 million ($40.55 million) write down for loan interest and fees; total Q4 net charge-offs, including incremental charge-off, expected to reach C$331 million  ($244.06 million)

** Co suspends quarterly dividend and share repurchases; withdraws both Q4 2025 and three-year forecasts

** Felix Wu, who has served as interim CFO since September 30, has been appointed permanent Chief Financial Officer, effective immediately

** Co is set to release Q4 2025 earnings results after market close on March 25

($1 = 1.3562 Canadian dollars)

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))