STI Education Systems Holdings Inc., the largest network of private schools in the Philippines, saw its net income surge 1,233 percent year-on-year to P263.2 million in the third quarter of 2024 from P20.3 million in the same period last year.
STI said in a disclosure to the stock exchange Monday revenues in the three-month period rose 59 percent to P1.03 billion from P650.7 million a year ago.
The company attributed the significant increase in net income and revenues to the 15-percent growth in the number of students across all schools and the earlier start of classes.
Total enrollment at STI schools reached a record 138,000 for the SY 2024-2025. Programs regulated by the Commission of Higher Education (CHED) registered a 20-percent increase from previous year’s level.
STI said it continued to invest in campus infrastructure to cater to the growing student population. It recently acquired properties in Alabang and Tanauan, Batangas for the construction of future campuses.
STI said it also renovated existing campuses to expand capacity and implemented measures to enhance operational efficiency and sustainability.
Among these are the installation of solar panels across various campuses, reducing energy consumption and operational expenses while supporting environmental initiatives.
STI operates a network of schools under STI Education Services Group (STI-ESG), STI West Negros University (STI-WNU) and iAcademy.
STI-ESG operates 63 campuses nationwide with total capacity of 146,585 students. It offers various college courses including junior and senior high school programs.
STI-WNU, based in Bacolod City, provides programs ranging from pre-elementary to post graduate and can accommodate up to 15,000 students, while iAcademy, with campuses in Makati and Cebu, offers arts and design programs.
