STI nets P2.22 billion as enrollment hits all-time high

STI Education Systems Holdings Inc. posted a 38% growth in its net income for the fiscal year 2024-2025 to reach a record P2.22 billion, as the private school operator reported an all-time high in enrollment during the period.

Revenues for the year climbed 18% to P5.56 billion, as enrollment grew 15% to hit 138,060 students for the school year from 119,543 in the previous year. This brought operating income up 33% to P2.36 billion, and operating margins to 43%.

Enrollment in programs under the Commission on Higher Education (CHED) grew 20% to 100,161 students, equivalent to 73% of total enrollment. There were 2,183 students enrolled in iACADEMY, while the rest were in other technical-vocational courses, and in junior and high school programs.

“Building on our strong performance in SY 2024-2025, we are committed to delivering quality education through continued focus on academic innovation and digital integration,” STI Holdings president and chief executive officer Monico Jacob said in a regulatory filing.

“We remain focused on optimizing our nationwide education network and building capacity that strengthens our leadership in the Philippine education sector,” he added.

STI Holdings currently operates a network of 66 schools across the country. Its subsidiaries include STI Education Services Group, STI West Negros University, and iACADEMY.

Shares in the company were last traded at P1.43 apiece, up by 1 centavo or 0.70% from Tuesday’s finish of P1.42. — Jon Viktor D. Cabuenas/BM, GMA Integrated News