STI Education Systems reports 76% net income growth

Tanco-led STI Education Systems Holdings Inc., owner of the Philippines' largest network of private schools, reported a significant 76 percent increase in net income to ₱902.54 million for the six-month period ending December 2024.

The firm attributed its strong performance to double-digit enrollment growth and improved cost management practices, with over 138,000 students enrolling across its subsidiaries for SY 2024-2025, marking a 15 percent increase from the previous year.

Revenue for STI Holdings and its subsidiaries reached ₱2.63 billion, up by 34 percent compared to the same period in 2023, while operating income improved to ₱710.6 million from ₱565.6 million in the previous year.

STI Education Services Group recorded a 17 percent increase in enrollment, reaching 121,374 students, and STI West Negros University saw a nine percent rise to 14,503 students, highlighting the growing demand for higher education offerings.

Shares of STI Holdings closed unchanged at P1.41 each on Monday, reflecting steady investor sentiment towards the company's performance.