Arthur Fuentes

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ABS-CBN News

MANILA — Philippine food and beverage giant RFM Corporation announced Wednesday an additional P300 million cash dividend alongside a 10 percent jump in first-quarter earnings and a boardroom refresh.The latest dividend payout brings RFM’s total declared dividends for 2026 to P900 million, yielding approximately 4.9 percent. The dividend is payable on July 31 to stockholders of record as of July 8.RFM Chief Executive Officer Joey Concepcion III attributed the moves to the company’s strong balance sheet, despite global economic pressures following recent Middle East conflicts. For the first quarter of 2026, RFM&#x27;s revenues rose 10 percent to P4.97 billion, while net income climbed 10 percent to P341 million.“Our continued growth, healthy cash flows, and disciplined capital allocation allow us to reward shareholders while investing in the capabilities that will support long-term expansion,” Concepcion said. Capital expenditures this year will focus on upgrading the company&#x27;s milk lines to boost efficiency and capacity.Following its annual stockholders’ meeting on June 24, the company also implemented board changes as part of its succession planning. Veteran business leader and Philippine Chamber of Commerce and Industry Chairman Emeritus George T. Barcelon was elected as an independent director, replacing former SEC Chairperson Atty. Lilia R. Bautista. Additionally, seasoned executive Mary Elizabeth C. Santos joined as a regular director, succeeding John Marie A. Concepcion.RFM is a leading manufacturer of household brands in the Philippines, operating major market shares in pasta, flour, and milk through brands like Fiesta and Royal, alongside its Selecta and Magnum ice cream joint venture.

The latest dividend payout brings RFM’s total declared dividends for 2026 to P900 million.

The latest dividend payout brings RFM’s total declared dividends for 2026 to P900 million.

RFM declares additional P300-M dividend after robust 10 percent Q1 growth

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RFM declares additional P300-M dividend after robust 10 percent Q1 growth

Arthur Fuentes,

ABS-CBN News

Published June 26, 2026 05:12 PM PHT

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