STI Education Systems Holdings Inc. (STI Holdings) closed its fiscal year ending June with a profit of P1.6 billion, up 84 percent from P873.8 million the prior year.
Revenues grew 38 percent to P4.7 billion from P3.4 billion in 2023.
“This growth was largely attributed to higher enrollment numbers, which resulted in a P1.2 billion rise in tuition and other school fees, totaling P4.3 billion in 2024,” STI Holdings said.
The company told the Philippine Stock Exchange it posted “significant improvements in student enrollment and efficient cost management across its schools.”
For the school year (SY) 2023-2024, enrollment reached 119,543, up 27 percent from 94,312 the prior school year.
“STI Holdings’ schools also recorded a substantial 35 percent growth in new students, with 55,982 enrollees joining for the current school year, compared to 41,565 the previous year,” it said.
STI Education Services Group (STI ESG), which operates 63 campuses nationwide, registered a 27 percent increase in enrollment, with 103,982 students across its owned and franchised schools.
STI West Negros University in Bacolod City, which has been granted autonomous status by the Commission on Higher Education (CHED) last September posted a 30-percent growth in enrollment at 13,328 students from 10,218 in the previous school year.
iACADEMY, known for its focus on technology and design programs, maintained a solid presence with 2,233 enrollees, STI Holdings said.
Enrollment in programs regulated by CHED grew 25 percent, reaching more than 83,000 students, up from 66,000 in the previous year.
Programs under the Department of Education also saw growth, with 34,709 students enrolled in primary and secondary levels, including Junior High School and Senior High School, a 31 percent increase from the previous year, the company said.
STI Holdings recently completed the construction of the School of Basic Education building at STI WNU, alongside the construction of new buildings in STI Ortigas-Cainta and STI Lipa and classroom expansion and renovation projects at various STI ESG-owned schools.
STI ESG secured two key properties in Tanauan, Batangas, and South Park District in Alabang, Muntinlupa City, to house future academic centers.
