MANILA, Philippines – RFM Corporation, the prominent food and beverage conglomerate led by the Concepcion family, is navigating a challenging economic landscape marked by rising fuel costs and a depreciating peso, yet remains committed to rewarding its shareholders with consistent dividends.
In a recent corporate disclosure, RFM announced an additional cash dividend of P300 million, equating to P0.08903 per share, scheduled for payment on May 20 to shareholders of record as of April 23. This declaration brings the total dividends distributed so far in 2026 to P600 million.
RFM President and CEO Joey Concepcion III emphasized that this payout reflects the company's robust financial foundation. The firm reported a 14% increase in net income to P1.6 billion for 2025, alongside a 3% revenue growth, reaching P22.3 billion.
"The combination of peso depreciation and higher fuel costs will inevitably pressure margins," Concepcion stated, acknowledging that the full brunt of escalating global oil prices has yet to be fully absorbed by the domestic market.
These external pressures emerge as food manufacturers nationwide contend with volatile input costs. While companies typically respond with strategic price adjustments and operational efficiencies, Concepcion noted that prevailing uncertainty, exacerbated by geopolitical tensions influencing energy markets, complicates forecasting.
The company expressed hope that these cost pressures are transient but recognized the fluidity of the current operating environment. Despite these headwinds, RFM aims to exceed its 2025 performance, albeit at more modest growth levels, as it introduces new products across its key segments, including ice cream, pasta, and ready-to-drink milk.
This latest dividend continues RFM's track record of shareholder returns. In 2025, the company distributed P1.5 billion in cash dividends, approximately P0.45 per share, marking one of its most substantial annual payouts to date.