RFM hopes to beat 2025 results despite uncertainty

MANILA, Philippines — Food and beverage company RFM Corp. remains hopeful of exceeding its strong financial performance last year despite heightened uncertainty.

RFM said it is hoping to beat its 2025 performance, although 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,” RFM president and CEO Joey Concepcion III said.

Concepcion said rising energy prices and currency movements remain as key risks.

While the full impact of recent oil price increases has yet to fully filter through to domestic goods prices, he said the combination of peso depreciation and higher fuel costs would inevitably pressure margins.

“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,” Concepcion said.

Early this year, Concepcion expressed optimism about the company being able to sustain its sales and income growth in 2026, driven by new products, resilient consumer demand, easing inflation and stable commodity prices.

The company announced yesterday another P300 million cash dividend, equivalent to P0.08903 per share.