Tanco’s STI schools post 76% net income surge in 6 months on higher enrollment, tuition

Tycoon Eusebio Tanco’s STI Education Systems Holdings posted a net income of P912.2 million for the six-month period ending Dec. 31, 2024, marking a 76 percent increase from P517.8 million in the same period last year.

The strong earnings growth was fueled by a 15 percent rise in student enrollment and higher tuition fees across its schools.

Total revenues jumped 34 percent to P2.63 billion, boosted by tuition hikes of 5 percent for STI  Education Services Group and 6.9 percent for STI West Negros University for new students.

An earlier start to classes in August also contributed to the revenue increase. Gross profit rose 41 percent to P545.9 million, lifting the profit margin from 68 percent to 71 percent year-on-year.

Eusebio Tanco 

STI Education chair 

Rising enrollments

STI Education saw a 15 percent jump in enrollment, reaching 138,060 students for SY 2024-2025, up from 119,543 the previous year. CHED-regulated programs grew by 20 percent, surpassing 100,000 enrollees, reflecting strong demand for higher education courses.

Operating income climbed 70 percent to P995.9 million, reflecting strong cost efficiency and higher student intake. 

Earnings before interest, taxes, depreciation and amortization improved to P1.38 billion, up 47 percent from last year, with margins expanding to 52 percent from 48 percent.