STI Holdings Net Income Rises 76% in 1H, Driven by Strong Enrollment Growth

STI Education Systems Holdings, Inc. (STI Holdings), owner of the country’s largest network of private schools, reported a net income of P912.2 million for the six-month period ended December 2024 - a 76% rise from P517.8 million in the same period of 2023, driven by double-digit enrollment growth as well as increased operating leverage and cost management.

​The company disclosed to the Philippine Stock Exchange (PSE) that over 138,000 students enrolled across its subsidiaries-STI Education Services Group (STI ESG), STI West Negros University (STI WNU), and iACADEMY-for School Year (SY) 2024-2025, a 15% increase compared to nearly 120,000 in the previous school year.
 
STI ESG recorded a 17% increase in enrollment, reaching 121,374 students, up from 103,982 in SY 2023-2024, with higher enrollments recorded in both company-owned and franchised schools.
 
STI West Negros University (STI WNU) in Bacolod City, meanwhile, saw a 9% increase, reaching 14,503 students, compared to 13,328 in the previous school year.

New student enrollment in programs regulated by the Commission on Higher Education (CHED) rose by 7%, from 34,274 in SY 2023-2024 to 36, 827 in SY 2024-2025, underscoring the growing demand for STI's higher education offerings.
 
Revenues of the company and its subsidiaries for the six-month period stood at P2.63 billion, up 34% versus P1.96 billion from the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) soared to P1.38 billion, a P442.4 million increase from P934.6 million in the previous year. This represents an EBITDA margin of 52%, an improvement from 48% in the same period last year.
 
The Group's three-month net income for the period ended December 31, 2024, meanwhile reached P649 million, on revenues of P1.59 billion, marking a 30% and 22% increase, respectively, versus the same period in 2023.
 
Its operating income was at P710.6 million, up from P565.6 million in the same quarter last year, highlighting its improved efficiency and financial strength.
 
STI Holdings' financial year aligns with its academic calendar, beginning on July 1 and ending on June 30 of the following year. This structure ensures that the company's financial reporting accurately reflects its institution's operational and academic cycles.

STI Holdings currently operates a comprehensive education network in the Philippines through its three subsidiaries—STI Education Services Group (STI ESG), STI West Negros University (STI WNU), and iACADEMY. These institutions collectively offer a wide range of programs, from pre-elementary education to postgraduate studies, catering to thousands of students nationwide.
 
STI ESG, with its 63 campuses nationwide, has a total capacity of 146,585 students. Originally focused on IT education, STI ESG has expanded its offerings to include Business, Hospitality, Tourism, Psychology, and Criminology degree programs. It also offers Junior and Senior High School programs, ensuring comprehensive educational pathways for students.
 
STI WNU, based in Bacolod City, provides programs ranging from pre-elementary to postgraduate levels and can accommodate up to 15,000 students. Its state-of-the-art facilities include the newly completed School of Basic Education building, designed to support its growing student population.

Meanwhile, iACADEMY, known for its innovation and strong industry partnerships, specializes in arts, computing, and design programs. Its newly established Cebu campus, launched in 2023, has extended its reach to students in the Visayas region.