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Manila Bulletin devider Business devider The Stock Market devider Enrollment surge drives 45% jump in STI Holdings' net income

Enrollment surge drives 45% jump in STI Holdings' net income

Published May 22, 2025 10:29 am
Tanco-led STI Education Systems Holdings, Inc., owner of the country's largest network of private schools, posted a 45 percent jump in net income to ₱1.62 billion in the nine-month period ended March 31, 2025, from ₱1.12 billion in the same period last year.
“The significant net income hike was mainly driven by higher enrollment numbers due to strong demand for the quality education offered by subsidiaries STI Education Services Group (STI ESG), STI West Negros University (STI WNU), and iACADEMY,” the firm said in a disclosure to the stock exchange.
In the three quarters from July 2024 to March 2025, revenues grew 23 percent to ₱4.14 billion from ₱3.35 billion in the same period the year before.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to ₱2.34 billion, reflecting an increase of 33 percent from the previous year's ₱1.77 billion.
From January to March 2025, revenues improved eight percent to ₱1.51 billion from the P1.39 billion posted in the same period in 2024. Net income also increased to ₱706.6 million, an 18 percent improvement from the ₱600.3 million recorded in the prior year.
STI Holdings attributed this growth to the remarkable expansion of the student population to 138,060 in school year (SY) 2024-2025, 15 percent higher than the enrollment of 119,543 in SY 2023-2024.
Operating income for the three months ended March 31, 2025 reached ₱774.4 million, growing 18 percent from last year's ₱658.8 million in the same period, buoyed by improved operational performance and effective cost management.
STI Holdings’ financial year aligns with its academic calendar, which begins on July 1 and ends on June 30 of the following year.

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