RFM optimistic on more dividend payouts this year

MANILA, Philippines —   Listed food and beverage company RFM Corp. is optimistic that it can continue to reward its shareholders with substantial cash dividend payouts this year on the back of a healthy balance sheet.

RFM’s board approved a P300 million cash dividend or P0.08903 per share payable on Oct. 22, 2025, with record date as of Oct. 1, 2025.

The company’s fourth dividend declaration puts its total cash dividend for 2025 at P1 billion, following a 2024 dividend payment of P1.3 billion.

RFM CEO Joey Concepcion said that the company’s balance sheet is very strong to support this level of cash dividends for 2025, while still having extra cash for any big capital expenditures or potential acquisitions.

At the share price of P4.27 on Sept. 16, RFM’s 2025 dividend yield is seven percent.

RFM said it is on track for a better income performance for 2025 versus its full-year income of P1.4 billion last year.

Concepcion said that expected to the drive the company’s income for the year are softer commodity prices as well as good volume growth in RFM’s brands and institutional segments, including the ice cream business.

“The recent flooding and heavy rainfall this third quarter posed a challenge to our logistics, but underlying demand seemed resilient. We expect this consumer demand to continue through the fourth quarter, helped by easing inflation,” he said.

Concepcion said that RFM expects to grow mid-single digit in sales this year from P22 billion in 2024, while net income for 2025 could grow high single digit from the P1.4 billion level last year.

RFM sells Selecta Milk, Fiesta and Royal Pasta, flour and buns, as well as ice cream through a joint venture in the country’s leading ice cream company, selling Magnum, Cornetto and Selecta ice cream.