04:50 PM EDT, 05/07/2025 (MT Newswires) -- goeasy (GSY.TO) on Wednesday after trade reported lower adjusted earnings but higher revenue for the first quarter.

The household-finance company said adjusted earnings, excluding most one-time items, fell 9.4% to $60 million, or $3.53 per share, in the period, down from $66.3 million, or $3.83, in the year-prior quarter.

At the same time, revenue increased 9.7%, to $392 million.

goeasy's adjusted return on equity also dipped, to 20.4%, from 24.6%.

"During the quarter we were proud to serve 43,500 new customers, while producing $190 million in portfolio growth, highlighting the critical role we play in providing everyday Canadians access to credit," said executive chair David Ingram. "Our results continued to demonstrate the resilience of our business model during periods of macroeconomic uncertainty. We also bolstered our balance sheet and liquidity, with $565 million of new capital, lifting our funding capacity to $2.0 billion to support our organic growth plans."

While the total yield in the quarter was at the lower end of the company's forecasted range, goeasy said it is addressing this through "product, pricing and collections optimization" efforts. It remains on track to achieve all of its forecasted metrics for 2025.

The company's shares closed up $1.75 to $158.88 on the Toronto Stock Exchange.