The strong enrollment growth and improved cost management has pushed the profits of STI Education Systems Holdings, Inc. (STI Holdings) to soar by 76 percent in the first half.

The company told the Philippine Stock Exchange on Monday that net income reached P912.2 million for the six-month period ended December 2024, up 76 percent from P517.8 million a year ago.

STI Holdings follows an academic calendar-based financial year, running from 1 July to 30 June.

During the period, student enrollment across its subsidiaries — STI Education Services Group (STI ESG), STI West Negros University (STI WNU), and iACADEMY — rose 15 percent to over 138,000 for School Year 2024-2025. 

STI ESG saw a 17 percent increase to 121,374 students, while STI WNU in Bacolod City recorded a 9 percent rise to 14,503. iACADEMY reported 2,183 enrollees.  

New enrollments in Commission on Higher Education-regulated programs grew 7 percent to 36,827, reflecting increased demand for STI’s higher education offerings.  

Revenues for the six-month period climbed 34 percent to P2.63 billion from P1.96 billion, while EBITDA rose to P1.38 billion from P934.6 million, improving the EBITDA margin to 52 percent from 48 percent.