2024-11-21
MANILA — STI Education Systems Holdings, Inc.
(STI Holdings), owner of the largest network of private schools in the
Philippines, reported a net income of ₱1.6 billion for the fiscal year ended
June 30, 2024, reflecting an 84% increase from the ₱873.8 million posted in the
previous year.
In its disclosure to the Philippine Stock
Exchange, STI Holdings said this growth was driven by significant improvements
in student enrollment and efficient cost management across its schools.
For the School Year (SY) 2023-2024, enrollment
reached 119,543—up by 27% from 94,312 in SY 2022-2023. STI Holdings' schools
also recorded a substantial 35% growth in new students, with 55,982 enrollees
joining for the current school year, compared to 41,565 the previous year.
STI Education Services Group (STI ESG), which
operates 63 campuses nationwide, registered a 27% increase in enrollment, with
103,982 students across its owned and franchised schools.
STI West Negros University (STI WNU) in
Bacolod City, which has been granted Autonomous status by the Commission on
Higher Education (CHED) on September 16, 2024, also performed well, reporting a
30% growth in enrollment, reaching 13,328 students for SY 2023-2024, compared
to 10,218 in the previous school year. Meanwhile, iACADEMY, known for its focus
on technology and design programs, maintained a solid presence with 2,233
enrollees for SY 2023-2024.
Enrollment in programs regulated by CHED grew
by 25%, reaching more than 83,000 students, up from 66,000 in the previous
year. Programs under the Department of Education (DepEd) also saw growth, with
34,709 students enrolled in primary and secondary levels, including Junior High
School and Senior High School, a 31% increase from the previous year.
STI Holdings also said gross revenues
increased by 38%, reaching ₱4.7 billion for the fiscal year, up from ₱3.4
billion in 2023. This growth was largely attributed to higher enrollment
numbers, which resulted in a ₱1.2 billion rise in tuition and other school
fees, totaling ₱4.3 billion in 2024.
STI Holdings continues to invest in
infrastructure development across its campuses.
The Group recently completed the construction
of the School of Basic Education building at STI WNU, alongside the
construction of new buildings in STI Ortigas-Cainta and STI Lipa and classroom
expansion and renovation projects at various STI ESG-owned schools. These
projects are part of the Group's ongoing efforts to enhance the learning
environment for students and faculty.
STI ESG also launched significant
sustainability initiatives, including the installation of solar panels on
several campuses. This investment reflects the Group's commitment to reducing
its carbon footprint while managing operational costs more efficiently.
Additionally, STI ESG secured two key
properties in Tanauan, Batangas, and South Park District in Alabang, Muntinlupa
City, to house future academic centers. The establishment of new campuses is
part of STI's long-term strategy to expand its presence in key cities across
the Philippines, providing more students with access to high-quality education.
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STI Education Systems Holdings, Inc. (STI
Holdings) has three subsidiaries involved in education: the STI Education
Services Group, Inc. (STI ESG), STI West Negros University, Inc. (STI WNU), and
iACADEMY, Inc. (iACADEMY).
STI ESG offers baccalaureate and associate
degrees and technical-vocational programs in the fields of Information and
Communications Technology, Business and Management, Hospitality Management,
Tourism Management, Arts and Sciences, Engineering, Education, Psychology and
Criminology. It also offers junior and senior high school.
STI WNU offers programs and courses ranging
from pre-elementary to graduate levels. Founded on February 14, 1948, STI WNU
was granted its university status by the Commission on Higher Education on
February 11, 2008. STI WNU's campus sits on a 3.1-hectare property in the heart
of Bacolod City.
iACADEMY is the premier school in the group
offering specialized programs in senior high school and college that are
centered on Computing, Business and Design. It is known for its strong industry
partnerships and non-traditional programs such as Software Engineering, Game
Development, Web Development, Real Estate Management, Animation, Multimedia
Arts and Design, Fashion Design and Technology, Music Production and Sound
Design, Film and Visual Effects, Data Science, and Cloud Computing. iACADEMY
also offers programs in Accountancy, Marketing Management and Psychology.
