goeasy Ltd. announced the chief financial officer Hal Khouri will step down following the release of third-quarter results in November 2025 to pursue a new role outside Canada.
Khouri, who joined the company in 2019, has been central to shaping goeasy's financial strategy, capital markets execution and balance sheet management during a perio dof strong expansion. The company's loan portfolio has more than doubled since 2019, topping $5 billion at the end of 2024, while annual revenue has grown steadily past the $1 billion mark. Net income has also advanced though margins have been pressured in recent quarters by higher funding costs and rising credit losses.
CEO Dan Rees thanked Khouri for his leadership, crediting him with strengthening financial reporting and positioning the company for long-term success. Khouri, who remains a shareholder, said he was proud of the company’s achievements and confident it is well placed to continue its growth trajectory.
A formal search for Khouri’s successor is underway, with an interim CFO expected to be named shortly to ensure continuity.
The transition comes at a pivotal time for Canada’s non-prime lending market. Fairstone Bank, a key competitor, has also restructured its leadership in recent months as it scales its national footprint and expands into digital channels. EQB Inc., parent of Equitable Bank, has similarly bolstered its finance and risk functions after its acquisition of Concentra Bank, reflecting the competitive push across alternative lending.
For goeasy, the leadership shift coincides with mounting challenges across the sector, including regulatory scrutiny, rising household debt, and credit risk tied to an uncertain economic outlook.
Despite these headwinds, demand for near- and non-prime lending remains strong, and goeasy’s recent results suggest it is maintaining growth momentum. In the first half of 2025, the company reported loan originations exceeding $1.3 billion, with credit performance in line with expectations despite macroeconomic pressures.
