Goeasy, an Ontario-based personal lender for subprime borrowers, is delaying its earnings report and amending financing arrangements with its creditors.

Goeasy provides loans and lease-to-own agreements for those who may not be able to access traditional banks due to their financial history. The company was set to report financial results tomorrow.

According to a news release on Tuesday, Goeasy now expects to release its fourth quarter 2025 results after the market closes on March 31. A conference call with analysts is scheduled for April 1 at 8:00 a.m. ET.

On Monday, Goeasy announced it has secured covenant waivers from its lenders and financiers, allowing it to remain compliant with agreed terms while booking an expected $331 million in writedowns for the three months ended Dec. 31.

“We are pleased to have reached this outcome with our lenders and other financing counterparties. The facilities … together with the strong cash flow generation of the business, provide goeasy with the liquidity to continue executing on our priorities,” Felix Wu, goeasy’s chief financial officer, stated in the news release.

Goeasy says the syndicated revolving credit facility will remain at $550 million and mature in July 2027.

Two weeks ago, Goeasy surprised investors by reporting hefty loan losses and suspending its dividend. That news sent shares down by more than 50 per cent on the Toronto Stock Exchange.

More to follow.

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist.