STI Education Systems (PSE:STI) logged a net income of 1.6 billion Philippine pesos for the fiscal year ended June 30, surging 84% from 873.8 million pesos a year earlier.

The company attributed the surge to "significant improvements" in student enrollment, and efficient cost management across its schools.

STI's gross revenues also jumped 38% annually to 4.7 billion pesos from 3.4 billion pesos in 2023.

The revenue growth was driven by higher enrollment numbers, which led to a 1.2 billion pesos increase in tuition and other school fees, the filing noted.

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