Higher enrollment lifts STI net to P1.6B

By Earl John Alfaro

Oct 31, 2024 12:21 am

STI Education Systems Holdings Inc. reported a net income of P1.6 billion for its fiscal year 2024 ending June 30, 2024, up by 84 percent from the P873.8 million a year earlier and driven by a 27 percent increase in enrollment and cost management efforts.

For the 2023-2024 school year, enrollment reached 119,543 — higher than the prior year's 94,312, while new enrollees numbered 55,982 compared to 41,565 previously.

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