04:24 PM EST, 02/13/2025 (MT Newswires) -- goeasy (GSY.TO) reported a higher fourth-quarter adjusted profit, beating expectations, and increased its annual dividend by 25% to $5.84.

The lender said adjusted net income jumped 12% to a record $77.4 million, or $4.45 per share, from $69 million or $4.01, in the year-prior quarter. The result beat the consensus analyst forecast for the measure of $4.37, according to FactSet.

Revenue rose 20% to $405 million. goeasy generated $814 million in loan originations, up 15%. Lending was driven by a record volume of applications for credit. goeasy recorded strong performance in several channels, including unsecured lending, home-equity lending, point-of-sale and automotive financing.

The company also issued a new three-year forecast, replacing the 2025 and 2026 figures released last August. The company is guiding to 2025 revenue of $1.62 billion to $1.82 billion, 2026 revenue of $1.8 billion to $2 billion, and 2027 revenue of $2 billion to $2.2 billion.

The company will pay the higher quarterly dividend of $1.46 per share on April 11.

goeasy shares closed down $1.17 to $168.64 on the Toronto Stock Exchange.