STI income up on higher enrollments

STI Education Systems Holdings Inc., the biggest network of private schools in the country, saw its net income in the three-month period ending on Sept. 30 grow by over 13 times on higher enrollments for the academic year 2024 to 2025.

In a disclosure on Monday, the company reported its bottom line for the first quarter of its fiscal year rose to P263.2 million from just P19.75 million in the same period a year ago.

Total revenues improved by 60 percent to P1 billion from P650.6 million.

In particular, tuition and other school fees rose by 74 percent to P877.98 million from last year’s P505.36 million.

Enrollees reached 138,060 for the current school year, showing a growth of 15 percent from 119,542 students last year.

STI Holdings said, “growth achieved during the first quarter reflects its unwavering commitment to operational excellence and its mission to deliver quality education.”

The listed company recently acquired properties in Alabang and Tanauan for the construction of future STI Academic Centers. It has also been renovating existing campuses to beef up classroom capacity.

STI Holdings operates an education network comprising STI Education Services Group (ESG), STI West Negros University (WNU) and iACADEMY. These units offer pre-elementary education to postgraduate studies.

STI ESG has 63 campuses across the country with total capacity of 146,585 students. Apart from information technology, the STI unit has expanded offerings to business, hospitality, tourism, psychology and criminology, in addition to junior and senior high school programs.

STI WNU, which can accommodate up to 15,000 students, offers programs in pre-elementary to postgraduate levels.

Meanwhile, iACADEMY provides courses in arts, computing and design programs.—Tyrone Jasper C. Piad INQ