goeasy Ltd (TSX:GSY)

Q2 2026 goeasy Ltd Earnings Call Transcript

Aug 7, 2026 / 02:00 PM GMT

Release Date Price: C$49.9 (+6.26%)

Transcript

Key Points

Positve

goeasy Ltd (EHMEF) delivered positive adjusted diluted earnings per share of $1.02 in Q2 2026, a significant improvement from the adjusted diluted loss per share of $1.90 in Q1 2026.
The company strengthened its balance sheet by repaying the full balance on its revolving credit facility and improving its debt to adjusted tangible equity ratio to 4.95 times from 5.3 times in Q1.
Net charge-off rates improved by 110 basis points quarter-over-quarter to 16.7%, and delinquencies (30+ days past due) declined by 100 basis points year-over-year to 11.9%.
The direct-to-consumer share of the loan portfolio increased by 300 basis points to 54%, reflecting a strategic shift toward the core easy financial franchise.
goeasy Ltd (EHMEF) restored access to incremental draws on its revolving credit facility effective July 1, 2026, and is well advanced in meeting the second condition to restore access to its securitization facility.

Negative

Originations were reduced by 70% year-over-year to $272 million, leading to a contraction in gross consumer loans receivable by $363 million (6.8%) quarter-over-quarter.
Elevated net charge-offs in the merchant-originated loan portfolio (LendCare) continued to weigh on profitability, with overall net charge-off rate at 16.7%, higher year-over-year.
The company suspended dividends and share repurchases indefinitely to manage liquidity, which may disappoint income-focused investors.
Total yield on consumer loans declined by 340 basis points year-over-year due to the impact of the rate cap, higher allowance for credit losses, and portfolio mix changes.
The company faces ongoing challenges from rising non-prime consumer insolvencies and a prolonged period of economic uncertainty, leading to a cautious outlook for growth in the second half of 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GSY.TO - goeasy Ltd
Q2 2026 goeasy Ltd Earnings Call
Aug 07, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to the Go Easy Limited Q2 2026 earnings call at this time, all lines are in listen-only mode.

Following the presentation, we will conduct a question-and-answer session.

If at any time during this call, you require immediate assistance.

Please press 0 for the operator.

This call is being recorded on Friday, August 7th, 2026.

I would now like to turn the conference over to James O'Bright.

Please go ahead.

Thank you, operator, and good morning.

I'm James Earbright, senior Vice President of Investor Relations and Capital Markets.

Thank you for joining us to discuss GoEasy Limited's results for the second quarter ended June

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