The education group posted net income of P1.63 billion, slightly higher than a year earlier, while revenues rose 2 percent to P4.20 billion and gross margin held firm at 73 percent.
Pressure, however, started emerging in quarterly results after third-quarter profit fell 22 percent to P549.4 million as STI shifted to a new revenue recognition method tied to actual school days instead of monthly booking.
Enrollment slipped to 132,941 students from 139,155 previously as earlier openings in public schools continued to weigh on private school intake across the sector.
Tech programs expand
“Our performance reflects the resilience of our core education business and the continued strength of tertiary enrollment across the network. While the timing of revenue recognition affected quarterly comparisons, our full-year results remain stable and aligned with management expectations,” the company said.
STI is also expanding industry-linked programs tied to cybersecurity, computer-aided design and digital creative tools as schools increasingly compete on employability and technology-driven training.
Balance sheet strengthens
At the same time, STI continued expanding campuses and strengthening its balance sheet, with total assets climbing 9 percent to P18.53 billion while equity rose 13 percent.
The results show how education firms are increasingly balancing enrollment pressures with tighter operational discipline and more specialized programs to sustain growth.
—Edited by Miguel R. Camus
