RFM Corp. said it is confident of its financial results this year and is looking to grow its top and bottom lines by boosting its various business divisions.
RFM’s board of directors on Thursday approved a P200 million cash dividend, or P0.05936 per share, payable on May 26, 2025, to shareholders on record as of April 29, 2025.
“This P200 million dividend is the second payment in 2025 that brings total cash dividends for 2025 to P400 million,” the company said in a regulatory filing.
RFM CEO Joey Concepcion said preliminary financial results in Q1 2025 showed a 53 percent net income increase to P309 million from P201.96 million year-on-year. Sales grew 3 percent to P4.5 billion from P4.36 billion in the same comparable period.
Concepcion said the big role of RFM’s pasta, milk and flour businesses, as well its joint venture with Unilever, Unilever RFM Ice Cream Inc., made a difference in its bottom line results.
The company’s 2024 audited financial statement showed its net income rose 12 percent to P1.4 billion from P1.25 billion a year earlier.
It’s revenue grew 5 percent to P21.7 billion from P20.67 billion.
Concepcion said the decision of Unilever to separate its global ice cream business from its other businesses like beauty, homecare and food products will have no immediate impact on RFM’s ice cream business.
“In March 2024, Unilever announced its intention to separate its ice cream division to create a world-leading business that better facilitates the future growth potential of ice cream,” Concepcion said.
“Ice cream has distinct business characteristics compared with the rest of Unilever’s business portfolio,” he added, saying that ice cream as a product is a more focused business.
