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Business

STI profit improves in 9 months

Richmond Mercurio - The Philippine Star
STI profit improves in 9 months
STI reported a net income after tax of P1.63 billion for the nine-month period ending March 31, slightly higher than P1.62 billion recorded in the same period the previous year.
STAR / File

MANILA, Philippines — STI Education Systems Holdings Inc., owner of one of the country’s largest network of private schools, saw earnings improve in the nine months of its fiscal year on the back of steady tertiary enrollment, campus expansion and continued investments in technology-driven education programs.

STI reported a net income after tax of P1.63 billion for the nine-month period ending March 31, slightly higher than P1.62 billion recorded in the same period the previous year.

Revenues for the period inched up by two percent to P4.2 billion from P4.14 billion

Earnings from January to March, however, declined by 22.2 percent to P549.4 million from P706.6 million in the same quarter last year, as gross revenues fell by nine percent year-on-year to P1.37 billion.

Total enrollees reached 132,941 for school year 2025 to 2026, slightly lower than the 139,155 recorded in the previous school year.

“Our performance reflects the resilience of our core education business and the continued strength of tertiary enrollment across the network. While the timing of revenue recognition affected quarterly comparisons, our full-year results remain stable and aligned with management expectations,” the company said.

STI Holdings continued expanding its academic footprint and strengthening industry-aligned programs, while also continuing to modernize its academic programs.

“These investments are aligned with our long-term goal of preparing students for evolving industry requirements while improving graduate employability across key sectors,” it said.

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