In its latest financial report, STI revealed that it purchased a 10,000-square-meter property in Tanauan City, Batangas, planned for an STI Academic Center.
Additionally, it made a downpayment for a 3,266-square-meter parcel in Alabang, Muntinlupa City, also for a future STI school project.
Earnings surge
For its fiscal year ending June, STI reported a net income of ₱1.6 billion, an 84-percent increase from ₱873.8 million last year.
This growth was fueled by strong enrollment and cost management across its schools. Total enrollment for the school year 2023-2024 reached 119,543, up 27 percent from 94,312 in SY 2022-2023.
New enrollees increased by 35 percent to 55,982, up from 41,565 the previous year.
Enrollment in Commission on Higher Education (CHED)-regulated programs also rose 25 percent while Department of Education programs grew by 31 percent.
Gross revenues for STI Holdings surged by 38 percent to ₱4.7 billion, up from P3.4 billion in 2023. This growth was driven by a ₱1.2-billion increase in tuition and other fees, which reached ₱4.3 billion.
Expansion projects
STI recently completed the School of Basic Education building at STI West Negros University, along with new facilities at STI Ortigas-Cainta and STI Lipa, and expanded classrooms across its campuses to improve student and faculty spaces.
It initiated sustainability efforts by installing solar panels on multiple campuses.
