RFM Corp., the food giant controlled by CEO Joey Concepcion, approved a fresh P200-million cash dividend for 2025, equivalent to P0.05936 per share, payable on May 26 to shareholders on record as of April 29.
Food manufacturing group RFM Corp. is gearing up for another year of robust growth in 2025, backed by steady demand for its flagship brands and manageable input price inflation, according to CEO Jose Ma. A. Concepcion III.
Prominent businessman Jose Ma. “Joey” Concepcion III is doubling down on his family’s food and ice cream group, RFM Corp., with stock purchases totaling nearly P70 million in the past month.
RFM credits gains to its robust balance sheet and income growth, fueled by improved margins and higher volumes from key divisions, even after completing major expansion projects in mid-2024.
RFM Corp. CEO Jose Ma. A. Concepcion III said 2024 is looking promising due to lower raw material costs after net income in the first semester rose 17 percent to P650 million.