According to the listed firm controlled by businessman Eusebio Tanco, this growth reflects a strong increase in student enrollment, operational efficiency, and sustainability investments.
The company told the PSE that gross profit during the period rose by 87 percent year-on-year, from P377.7 million to P706.2 million. Gross profit margins also improved, reaching 68 percent from 58 percent during the same period last year.
Total revenues for the quarter climbed to P1 billion, a 60-percent increase attributed to a 15- percent rise in enrollment and an earlier start to the academic year.
As of Sept. 30, 2024, STI Holdings reported a total asset value of P17.52 billion, up 14 from the previous quarter, driven by higher receivables from current enrollments and investments in property and equipment.
The total enrollment for 2024-2025 school year reached a record 138,060 students, with programs regulated by the Commission on Higher Education registering over 100,000 students, a 20-percent year-on-year increase. This highlights the rising demand for STI's higher education programs, the firm said.
To accommodate its growing student base, STI Holdings invested in infrastructure, including property acquisitions in Alabang and Tanauan for new academic centers and a P243.2-million School of Basic Education building at STI West Negros University.
Sustainability initiatives have also bolstered operational efficiency, with solar panels installed across campuses to reduce energy costs and environmental impact.
STI Holdings operates through three subsidiaries: STI Education Services Group (STI ESG), STI West Negros University (STI WNU), and iACADEMY. Together, they offer a comprehensive range of programs from pre-elementary to postgraduate studies.
With 63 campuses nationwide, STI ESG leads in IT, business, hospitality, and criminology programs.
Meanwhile, iACADEMY's Visayas expansion and STI WNU’s state-of-the-art facilities reinforce the company's mission to deliver accessible, quality education, the firm said.
