STI’s income soars to over P1b on higher enrolment

STI Holdings, owner of the largest network of private schools in the Philippines, saw its net income breach P1 billion in the first nine months of its fiscal year on higher student enrolment.

Gross revenues reached P3.4 billion in the same nine-month period ended March 31, 2024, higher by 38 percent than the P2.4 billion in revenues it generated a year earlier. Its network consisted of 63 schools with 37 owned schools and 26 franchised schools comprising 60 colleges and three education centers as of end-March 2024.STI Holdings earlier said enrollment for School Year 2023-2024 reached almost 120,000 compared to 94,312 enrollees in SY 2022-2023.

STI Holdings’ financial year is consistent with its academic calendar, which begins on July 1 and concludes on June 30 of the following year.

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