goeasy (EHMEF) Stock Plummets 32% After C$178M Charge-Off and Dividend Cut
The post goeasy (EHMEF) Stock Plummets 32% After C$178M Charge-Off and Dividend Cut appeared on BitcoinEthereumNews.com.
TLDR Shares of goeasy (GSY / EHMEF) plunged more than 32% Tuesday following disclosure of approximately C$178M in additional charge-offs from its LendCare segment during Q4 2025 Management pulled all Q4 projections and retracted its three-year financial outlook completely The company projects net charge-off rates will reach the mid-teens during 2026, a sharp increase from approximately 12.9% recorded in 2025 Both the quarterly dividend payment and stock repurchase program were terminated with immediate effect Management unveiled a 6-part restructuring strategy, including fresh leadership for LendCare and reduced focus on auto and powersports lending Tuesday brought the kind of news goeasy (EHMEF / GSY) shareholders had been fearing for months. The Canadian subprime lending specialist disclosed it will record an additional charge-off of roughly C$178 million against its C$5.5 billion gross consumer loan portfolio for the fourth quarter of 2025. An accompanying write-down of approximately C$55 million related to loan interest and associated fees will also hit the books. goeasy Ltd., GSY.TO The total net charge-offs for Q4 are anticipated to reach approximately C$331 million. Additionally, the firm revealed a sequential net increase of about C$86 million in its credit loss provision against the gross consumer loan portfolio. Canadian subprime lender Goeasy suspended its dividend, withdrew its outlook and said it will take a big writedown on consumer loans for autos and powersports equipment. The shares plunged. https://t.co/V23AovzTQ6 — Bloomberg (@business) March 10, 2026 The market response was swift and brutal. EHMEF shares cratered 32% to $57.37 in early trading. On the Toronto Stock Exchange, GSY experienced an even steeper decline, tumbling as much as 50%. For the complete 2025 fiscal year, the net charge-off rate is projected to settle at roughly 12.9%. Leadership cautioned that future credit performance within the LendCare loan book will deteriorate beyond prior expectations, with annual…
Filed under: News - @ March 10, 2026 5:22 pm