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2024 ANNUAL REPORT

CONTENTS Annual Shareholders Letter - 2024 Financial Highlights Our Operations - Financial Details
Fellow Shareholders: I am pleased to present to you our Annual Report for Radiant Logistics, Inc. for the scal year ending June 30, 2024. In looking for a word that encapsulates the tone for this last year, I came to the word resilience . While the post-pandemic challenges of 2023 have persisted into 2024, we believe our diversi ed, non-asset based service offering, strong balance sheet and disciplined approach to capital allocation continues to serve us well as we navigate through these slower freight markets and nd our way back to more normalized market conditions. Financial Performance and Operational Highlights For the year ended June 30, 2024, Radiant delivered revenues of $802.5 million, adjusted gross pro t of $236.5 million, net income attributable to common stockholders of $7.7 million, adjusted net income attributable to common stockholders of $22.6 million, Adjusted EBITDA of $31.2 million and Adjusted EBITDA margins of 19.6%. On an earnings per share basis, we also delivered $0.16 per basic and fully diluted share for the year ended June 30, 2024 and adjusted earnings per share of $0.48 per basic and $0.46 per fully diluted share. Over the course of the year, we also began to take advantage of our strong balance sheet and after completing ve tuck-in acquisitions and deploying $4.1 million in support of our stock buy-back program, we nished the year with approximately $24.9 million of cash on hand and nothing drawn on our $200.0 million credit facility. Growth Initiatives We have purposefully built the Radiant platform for growth. Notwithstanding these dif cult freight markets, our strong nancial position has created an opportunity for us to progress on a number of growth initiatives. On the acquisition front, we made good progress in supporting three agent station conversions over the course of scal year 2024, with the acquisition of Florida-based Daleray (October 2023) and the Select businesses (February 2024), and Minnesota-based Viking Worldwide (April 2024). We believe these three transactions are representative of a broader pipeline of agent-station conversions inherent in our agent-based network as more and more of our strategic operating partners approach retirement age. In addition, in June of this year we were able to welcome two new teams to our network with the acquisition of Portland-based DVA Associates and Seattle-based Cascade Transportation, both of which joined us from a competing network. And most recently, we completed the acquisition of Foundation Logistics, another great addition to the Radiant network based in Houston, Texas. We have also taken the opportunity to invest in the future, adding to the breadth and depth of our leadership team with the addition of industry vertical, eld sales as well as key leadership roles
to better position us for future growth as the markets return to more normalized levels. We also continue to make good progress on a number of strategic technology initiatives and with the addition of a new CTO and advances with our SAP-based transportation management system, we are poised to make meaningful market gains through the deployment of Navegate, our global trade management and collaboration platform, across our broader forwarding network. With an eye to that goal of growth we believe we have the right leadership, technology vision and strategy to run and scale our tech-forward solutions as well as to explore how we can deploy emerging technologies that will accelerate our ability to provide our strategic operating partners and end customers a competitive advantage. Commitment to Sustainability At Radiant, sustainability is integral to our business strategy. We remain a long-term member of the SmartWay Transport Partnership and are exploring other membership and partnerships that are focused on the reduction of our collective environmental footprint. Over the course of 2024 we also further enhanced our ESG efforts and accelerated programs to manage our impact on climate change and to measure and reduce Greenhouse Gas ( GHG ) emissions. In addition, we continue to take great pride in our work that supports humanitarian and relief related projects around the globe for both humanitarian and governmental agencies. This work has included the transportation of medical equipment, MREs and construction supplies; we have transported search and rescue equipment, generators, hygiene supplies, and bottled water across the world for those areas affected by natural disasters including to Guam, T rkiye, and Hawaii. Concurrently, we have also expanded our social responsibility initiatives to include the launching of a long-term partnership with the American Heart Association. In addition, we have continued to seek partnerships with organizations who are actively committed to the goal of lifting up local communities. Looking Ahead As we consider the future, we remain con dent in our ability to navigate the challenges and opportunities that lie ahead. We are resilient, patiently persistent and remain focused on leveraging our tech-enabled platform to deliver pro table growth through a combination of organic and acquisition initiatives and thoughtfully re-levering our balance sheet through a combination of agent station conversions, synergistic tuck-in acquisitions, and stock buy-backs. Through this approach we believe, over time, we will continue to deliver meaningful value for our shareholders, operating partners, and the end customers that we serve. Thanks for your continued support and the opportunity to represent you at Radiant Logistics It s the Network that Delivers! . Bohn H. Crain Founder, Chairman & CEO
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RLGT Shareholder/Stockholder Letter Transcript:

2024
ANNUAL REPORT


CONTENTS
Annual Shareholders Letter - 2024 Financial Highlights
Our Operations - Financial Details

Fellow Shareholders:
I am pleased to present to you our Annual Report for Radiant
Logistics, Inc. for the    scal year ending June 30, 2024. In looking
for a word that encapsulates the tone for this last year, I came to the
word    resilience   . While the post-pandemic challenges of 2023 have
persisted into 2024, we believe our diversi   ed, non-asset based
service offering, strong balance sheet and disciplined approach
to capital allocation continues to serve us well as we navigate
through these slower freight markets and    nd our way back to more
normalized market conditions.
Financial Performance and Operational Highlights
For the year ended June 30, 2024, Radiant delivered revenues of $802.5 million, adjusted gross
pro   t of $236.5 million, net income attributable to common stockholders of $7.7 million, adjusted net
income attributable to common stockholders of $22.6 million, Adjusted EBITDA of $31.2 million and
Adjusted EBITDA margins of 19.6%.
On an earnings per share basis, we also delivered $0.16 per basic and fully diluted share for the
year ended June 30, 2024 and adjusted earnings per share of $0.48 per basic and $0.46 per fully
diluted share.
Over the course of the year, we also began to take advantage of our strong balance sheet and after
completing    ve tuck-in acquisitions and deploying $4.1 million in support of our stock buy-back
program, we    nished the year with approximately $24.9 million of cash on hand and nothing drawn
on our $200.0 million credit facility.
Growth Initiatives
We have purposefully built the Radiant platform for growth. Notwithstanding these dif   cult freight
markets, our strong    nancial position has created an opportunity for us to progress on a number
of growth initiatives. On the acquisition front, we made good progress in supporting three agent
station conversions over the course of    scal year 2024, with the acquisition of Florida-based
Daleray (October 2023) and the Select businesses (February 2024), and Minnesota-based Viking
Worldwide (April 2024). We believe these three transactions are representative of a broader
pipeline of agent-station conversions inherent in our agent-based network as more and more of our
strategic operating partners approach retirement age. In addition, in June of this year we were able to
welcome two new teams to our network with the acquisition of Portland-based DVA Associates and
Seattle-based Cascade Transportation, both of which joined us from a competing network. And most
recently, we completed the acquisition of Foundation Logistics, another great addition to the Radiant
network based in Houston, Texas.
We have also taken the opportunity to invest in the future, adding to the breadth and depth of our
leadership team with the addition of industry vertical,    eld sales as well as key leadership roles

to better position us for future growth as the markets return to more normalized levels. We also
continue to make good progress on a number of strategic technology initiatives and with the
addition of a new CTO and advances with our SAP-based transportation management system,
we are poised to make meaningful market gains through the deployment of Navegate, our global
trade management and collaboration platform, across our broader forwarding network.
With an eye to that goal of growth we believe we have the right leadership, technology vision
and strategy to run and scale our tech-forward solutions as well as to explore how we can deploy
emerging technologies that will accelerate our ability to provide our strategic operating partners
and end customers a competitive advantage.
Commitment to Sustainability
At Radiant, sustainability is integral to our business strategy. We remain a long-term member of the
SmartWay   Transport Partnership and are exploring other membership and partnerships that are
focused on the reduction of our collective environmental footprint. Over the course of 2024 we
also further enhanced our ESG efforts and accelerated programs to manage our impact on climate
change and to measure and reduce Greenhouse Gas (   GHG   ) emissions.
In addition, we continue to take great pride in our work that supports humanitarian and relief
related projects around the globe for both humanitarian and governmental agencies. This work
has included the transportation of medical equipment, MREs and construction supplies; we have
transported search and rescue equipment, generators, hygiene supplies, and bottled water across
the world for those areas affected by natural disasters including to Guam, T  rkiye, and Hawaii.
Concurrently, we have also expanded our social responsibility initiatives to include the launching
of a long-term partnership with the American Heart Association. In addition, we have continued
to seek partnerships with organizations who are actively committed to the goal of lifting up local
communities.
Looking Ahead
As we consider the future, we remain con   dent in our ability to navigate the challenges and
opportunities that lie ahead. We are resilient, patiently persistent and remain focused on
leveraging our tech-enabled platform to deliver pro   table growth through a combination of
organic and acquisition initiatives and thoughtfully re-levering our balance sheet through a
combination of agent station conversions, synergistic tuck-in acquisitions, and stock buy-backs.
Through this approach we believe, over time, we will continue to deliver meaningful value for our
shareholders, operating partners, and the end customers that we serve.
Thanks for your continued support and the opportunity to represent you at
Radiant Logistics     It   s the Network that Delivers!  .
Bohn H. Crain
Founder, Chairman & CEO



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