Food and beverage firm RFM Corp. projects improved income for 2025 on the back of higher product sales and softer commodity prices, despite logistics challenges caused by recent flooding in the third quarter.
President and CEO Jose Ma. A. Concepcion III said robust volume growth in RFM’s consumer and institutional segments — including its ice cream business — is expected to drive earnings in the fourth quarter, aided by easing inflation and resilient consumer demand.
The company, which markets brands such as Selecta Milk, Fiesta Pasta, and Royal Pasta, announced a P300 million cash dividend, or P0.08903 per share, payable on October 22, with a record date of October 1. This brings total declared dividends for 2025 to P1 billion, down from P1.3 billion in 2024.
Despite the lower dividend payout, Concepcion said the company maintains a “very strong” balance sheet and retains “extra cash” for major capital expenditures or potential acquisitions.
At a share price of P4.27 on September 16, RFM’s 2025 dividend yield stands at 7 percent. Shares closed higher on Thursday at P4.38.
In the second quarter, net income rose 3 percent to P463 million from P448 million, while revenues grew 2 percent to P5.26 billion. For the first half of 2025, net income climbed 18 percent to P772 million, with net sales up 2 percent to P9.78 billion.
RFM credited strong consumer segment performance for the gains. While flour sales volume increased, lower market prices slightly reduced total flour revenues. Nonetheless, the company highlighted its continued resilience and steady growth in core segments.
