Concepcion-led RFM Corp. plans to expand production capacity across its ice cream, milk, and pasta units as it forecasts double-digit profit growth and a 10 percent dividend yield for the year.

In a disclosure to the Philippine Stock Exchange, Jose Ma. Concepcion III, RFM chairman and chief executive officer, said the food and beverage company expects net income to climb 14 percent to ₱1.6 billion in 2025.

Concepcion cited a low-inflation environment as a primary driver for sustained household consumption and noted that stabilizing costs for imported inputs are helping the manufacturer manage currency risks amid a weaker peso.

Full-year sales are projected to reach ₱22.2 billion, a modest two percent increase. While revenue growth was tempered by softer flour prices and logistics disruptions from typhoons in Luzon, earnings outpaced sales due to what the company described as operational discipline and a focus on profitability.

The expansion will specifically target the joint venture responsible for the Selecta, Magnum, and Cornetto brands to meet rising volume demand. Simultaneously, the milk and pasta businesses—which include the Royal and Fiesta labels—are scaling supply chain and warehousing capabilities to unlock efficiencies.

RFM plans to distribute a total of ₱1.5 billion in cash dividends for 2025, with a ₱500 million payout scheduled for Dec. 19. Based on the Dec. 12 share price of ₱4.61, the total distribution translates to a 10% yield.

The company maintains a “zero-loan” position at the parent level, which Concepcion cited as a key competitive advantage.

He said the company’s healthy cash balance allows it to fund multi-segment expansion projects and maintain its dividend policy without placing stress on the balance sheet.