Businessman Eusebio Tanco’s STI Holdings reported a net income of P1.1 billion for the nine-month period of its fiscal year ending March 31, marking a 93 percent increase from the previous year.
This growth was fueled by a significant rise in enrollments, with nearly 120,000 students for the School Year 2023-2024, up 27 percent from the previous year.
Gross revenues also surged by 38 percent to almost P3.4 billion, driven by increased student numbers.
STI Holdings primarily operates STI-branded schools through STI Education Services Group, Inc., which includes 60 colleges and three education centers. Other schools under STI Holdings are STI WNU in Bacolod City and iACADEMY.
