Despite heightened uncertainty due to the war in the Middle East, Concepcion-led food and beverage firm RFM Corp. still hopes to beat its 2025 performance, albeit at muted levels.

“Given the number of moving variables affecting both consumer demand and production costs, we shall be conservative in our 2026 outlook for sales and income even as we roll out new products across ice cream, pasta, and ready-to-drink milk,” said RFM President and Chief Executive Officer (CEO) Joey Concepcion III.

He noted in a disclosure to the Philippine Stock Exchange (PSE) on Friday, April 10, that rising energy prices and currency movements remain key risks.

“The full impact of recent oil price increases has yet to fully filter through to domestic goods prices. The combination of peso depreciation and higher fuel costs will inevitably pressure margins,” Concepcion said.

He added that, “Traditionally, these factors are addressed through pricing actions and additional cost-saving measures. We hope the geopolitical situation and elevated fuel costs prove to be temporary and are contained soon.”

RFM has announced another ₱300-million cash dividend, equivalent to ₱0.08903 per share, payable on May 20, 2026, to shareholders of record as of April 23, 2026.

The declaration follows the ₱300-million cash dividend declared in January 2026, bringing total dividends declared for the year to ₱600 million.

Concepcion said the sustained dividend payout reflects the company’s solid financial performance and commitment to shareholder returns.

“For full-year 2025, RFM’s net income grew by 14 percent to ₱1.6 billion, while revenues increased three percent to ₱22.3 billion. Although our formal payout policy is 60 percent of net income, we have consistently exceeded that level since 2022,” he pointed out.

RFM shares closed at ₱5.30 on April 1, 2026. Based on the two dividend declarations totaling ₱600 million, the implied dividend yield is 3.36 percent. The company typically pays dividends on a quarterly basis.

The firm said earlier this year that it expects higher capital expenditures (capex) in 2026 to expand its ice cream and milk capacities.

“We are planning to invest in additional capacity and modernization in our ice cream business over the next few years as our Selecta, Magnum, and Cornetto brands continue to develop the market,” Concepcion said.

Aside from new investments in ice cream, RFM is also allocating funds for production upgrades in Selecta Milk to enhance efficiency and yield.