The Mississauga, Ont.-based subprime lender posted a fourth-quarter net loss of $337 million in 2025, compared with net income of $54.2 million a year earlier, as mounting losses in its LendCare business continued to weigh on results. The company had already disclosed in March that it was writing off $178 million in loans tied largely to the unit. (The Logic)

Talking point: Goeasy also recorded a $159.6 million goodwill impairment charge related to LendCare and in March suspended its dividend, withdrawn its financial outlook and cut 9 per cent of its workforce. Its net charge-off rate—a declaration that a debt is unlikely to be collected—climbed to nearly 24 per cent of gross consumer loans receivable on an annualized basis in the quarter, though the lender expects that to ease to 17.5 per cent to 18.5 per cent in the first quarter of 2026. On Wednesday’s earnings call, CEO Patrick Ens said the company is tightening credit standards and reducing exposure to weaker-performing merchant channels, including auto and powersports loans, as part of its turnaround plan. “We are taking decisive action to pull back where we see the weakest performance,” he told analysts.