RFM Corporation, one of the Philippines’ leading food and beverage companies, announced that its board of directors has approved a cash dividend of ₱300 million, or ₱0.08903 per share.
This declaration brings the total dividends declared in 2026 to ₱600 million, following an initial ₱300 million payout announced in January.
The dividend is payable on May 20, 2026, to shareholders of record as of April 23, 2026.
The sustained dividend payout is underpinned by RFM’s robust performance in the previous fiscal year. For the full year 2025, the company reported a 14% increase in net income to ₱1.6 billion, while consolidated revenues grew 3% to ₱22.3 billion.
Based on the ₱600 million declared year-to-date and the closing share price of ₱5.30 on April 1, 2026, the implied dividend yield stands at 3.36%.
“The declaration reflects our solid financial trajectory and our unwavering commitment to delivering shareholder value,” said Joey Concepcion III, RFM President and Chief Executive Officer.
“While our formal policy targets a 60% payout of net income, we have consistently surpassed this benchmark since 2022, demonstrating the strength of our cash flow and balance sheet.”
RFM continues to maintain a dominant position in the Philippine consumer market through its portfolio of iconic brands, including Fiesta and Royal pasta, and Selecta Milk. The company’s joint venture, Magnum RFM Ice Cream, Inc., remains a market leader, producing and distributing the globally recognized Selecta, Magnum, and Cornetto brands.
The company plans to sustain its momentum through 2026 by rolling out new product innovations across its core categories: ice cream, pasta, and ready-to-drink (RTD) milk.
Despite the strong start to the year, RFM maintains a cautious stance regarding the global operating environment. Concepcion identified rising energy prices and currency volatility as primary risks for the coming months.
“The full impact of recent oil price hikes has yet to be fully realized in domestic goods prices. The combination of Philippine Peso depreciation and elevated fuel costs will inevitably exert pressure on margins,” Concepcion noted.
To mitigate these risks, RFM intends to employ a combination of strategic pricing actions and aggressive cost-saving measures.
“Given the external variables affecting both production costs and consumer demand, we are maintaining a conservative outlook for 2026. However, we remain hopeful that we can exceed our 2025 performance, even if growth remains at more muted levels due to the current geopolitical situation,” Concepcion added.
