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ANNUAL REPORT 2025 RADIANT LOGISTICS, INC. 2025 ANNUAL REPORT
CONTENTS Annual Shareholders Letter - 2025 Financial Highlights Our Operations - Financial Details
Fellow Shareholders: I am pleased to present Radiant Logistics, Inc. s Annual Report for the fiscal year ending June 30, 2025. As I marked the post-pandemic challenges of our fiscal 2024 as a year of resilience, this year has proven to be a period of renewal. Despite ongoing macroeconomic and freight market headwinds, Radiant has returned to meaningful growth and profitability, strengthening our position as a technology-enabled logistics platform built for the future. Financial Performance and Balance Sheet Discipline For fiscal year 2025, Radiant generated $902.7 million in revenues, a 12.5% increase over the prior year. Adjusted gross profit rose to $239.4 million, and net income attributable to common stockholders more than doubled to $17.3 million. Adjusted net income grew to $30.9 million, while Adjusted EBITDA improved to $38.8 million, with Adjusted EBITDA margins expanding to 16.2%. On an earnings per share basis, we also delivered $0.37 per basic and $0.35 fully diluted share for the year ended June 30, 2025 and adjusted earnings per share of $0.66 per basic and $0.64 per fully diluted share. We believe we are well positioned with a durable business model, diverse service offering and strong balance sheet to navigate through this slower freight market. We continue to enjoy a strong balance sheet with approximately $22.9 million of cash on hand as of June 30, 2025, and only $20.0 million drawn on our $200.0 million credit facility. At the same time, we remain focused on the longer term, staying true to our strategy to deliver profitable growth through a combination of organic and acquisition initiatives, while thoughtfully re-levering our balance sheet through a combination of synergistic tuck-in acquisitions, strategic operating partner conversions, and stock buy-backs. Growth Through Acquisitions and Agent Station Conversions In fiscal 2025, we completed 3 green-field acquisitions and 3 strategic operating partner conversions, adding scale and diversity to our network. Most notably, effective September 1, 2025, we acquired an 80% ownership interest in Mexico-based, Weport, S.A. de C.V. ( Weport ). Mexico is an important market for us and the Weport transaction expands our North American footprint in addition to supporting Radiant s legacy and prospective customers across Mexico. Our pipeline remains robust, including both green-field acquisitions (i.e., companies not currently part of our network) as well as acquisition opportunities inherent in our agent-based network, which gives us an opportunity to continue to make good on our long-time brand promise to support our operating partners as they approach retirement or seek transition. Industry Landscape and Our Competitive Position The global forwarding industry remains in flux: supply chains are diversifying, costs for fuel and labor are rising, and geopolitical tensions from tariffs to conflicts continue to shape global trade flows. Meanwhile, customer expectations continue to grow. Shippers, now more than ever, are seeking technology-enabled supply-chain partners with the solutions, scale and stability to give them competitive advantage to navigate these challenging market environments.
Radiant is well-positioned: our technology investments are driving meaningful differentiation in the marketplace while our diversified service offering, customer-first approach and solid financial position anchor the trusted relationships we share with customers and partners. Technology and Innovation As peers across the industry highlight their digital transformation, Radiant is delivering on that promise with the deployment of Navegate, our proprietary global trade management and collaboration platform. Navegate supports both domestic and international shipments by aggregating and organizing supply-chain data to deliver enhanced visibility, automation and faster decision making. With streamlined deployment measured in weeks not months or years our customers can quickly reduce costs, optimize routing and improve buying and routing decisions. For Radiant, this speed to market and ease of deployment represent a clear competitive advantage and we believe Navegate will serve as a meaningful catalyst for organic growth as we continue to introduce the technology to our current and prospective customers. Sustainability and Social Responsibility Sustainability remains central to our strategy. We continue to measure and reduce greenhouse gas emissions while exploring new partnerships and frameworks aligned with industry best practices. Equally important is our role in humanitarian and disaster-relief logistics supporting the transport of medical supplies, food and emergency equipment across the globe. We are also broadening our community partnerships, reinforcing resilience both within our network and the communities we serve. Culture and Leadership Our progress depends on our people. In fiscal 2025, we expanded our leadership team with expertise to drive innovation and scale. We continue to invest across the network to ensure Radiant remains a place where entrepreneurial operators thrive and customers receive dedicated and reliable state-of-the art solutions and support. Looking Ahead Radiant enters fiscal 2026 on the heels of solid earnings in a challenged market, a strong balance sheet and a proven platform for growth. While global markets remain unsettled, this year of renewal has strengthened our foundation, sharpened our execution and positioned the Company for the opportunities ahead. We are focused on growing organically and through technology-enabled service improvements, allocating our capital across a combination of strategic acquisitions, agent-station conversions and stock repurchases, and investing in sustainability and talent. With this disciplined approach, we are confident in Radiant s mission and ability to drive enduring value for shareholders, customers, and operating partners alike. It s the Network that Delivers! Bohn H. Crain Founder, Chairman & CEO
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RLGT Shareholder/Stockholder Letter Transcript:

ANNUAL
REPORT
2025
RADIANT LOGISTICS, INC. 2025 ANNUAL REPORT


CONTENTS
Annual Shareholders Letter - 2025 Financial Highlights
Our Operations - Financial Details

Fellow Shareholders:
I am pleased to present Radiant Logistics, Inc.   s Annual Report for the fiscal
year ending June 30, 2025. As I marked the post-pandemic challenges
of our fiscal 2024 as a year of    resilience,    this year has proven to be a
period of    renewal.    Despite ongoing macroeconomic and freight market
headwinds, Radiant has returned to meaningful growth and profitability,
strengthening our position as a technology-enabled logistics platform built
for the future.
Financial Performance and Balance Sheet Discipline
For fiscal year 2025, Radiant generated $902.7 million in revenues, a 12.5% increase over the prior year.
Adjusted gross profit rose to $239.4 million, and net income attributable to common stockholders more than
doubled to $17.3 million. Adjusted net income grew to $30.9 million, while Adjusted EBITDA improved to
$38.8 million, with Adjusted EBITDA margins expanding to 16.2%. On an earnings per share basis, we also
delivered $0.37 per basic and $0.35 fully diluted share for the year ended June 30, 2025 and adjusted
earnings per share of $0.66 per basic and $0.64 per fully diluted share.
We believe we are well positioned with a durable business model, diverse service offering and strong
balance sheet to navigate through this slower freight market. We continue to enjoy a strong balance sheet
with approximately $22.9 million of cash on hand as of June 30, 2025, and only $20.0 million drawn on
our $200.0 million credit facility. At the same time, we remain focused on the longer term, staying true to
our strategy to deliver profitable growth through a combination of organic and acquisition initiatives, while
thoughtfully re-levering our balance sheet through a combination of synergistic tuck-in acquisitions, strategic
operating partner conversions, and stock buy-backs.
Growth Through Acquisitions and Agent Station Conversions
In fiscal 2025, we completed 3 green-field acquisitions and 3 strategic operating partner conversions,
adding scale and diversity to our network. Most notably, effective September 1, 2025, we acquired an 80%
ownership interest in Mexico-based, Weport, S.A. de C.V. (   Weport   ). Mexico is an important market for us
and the Weport transaction expands our North American footprint in addition to supporting Radiant   s legacy
and prospective customers across Mexico.
Our pipeline remains robust, including both green-field acquisitions (i.e., companies not currently part of
our network) as well as acquisition opportunities inherent in our agent-based network, which gives us an
opportunity to continue to make good on our long-time brand promise to support our operating partners as
they approach retirement or seek transition.
Industry Landscape and Our Competitive Position
The global forwarding industry remains in flux: supply chains are diversifying, costs for fuel and labor are
rising, and geopolitical tensions   from tariffs to conflicts   continue to shape global trade flows. Meanwhile,
customer expectations continue to grow. Shippers, now more than ever, are seeking technology-enabled
supply-chain partners with the solutions, scale and stability to give them competitive advantage to navigate
these challenging market environments.

Radiant is well-positioned: our technology investments are driving meaningful differentiation in the
marketplace while our diversified service offering, customer-first approach and solid financial position
anchor the trusted relationships we share with customers and partners.
Technology and Innovation
As peers across the industry highlight their digital transformation, Radiant is delivering on that promise
with the deployment of Navegate, our proprietary global trade management and collaboration
platform. Navegate supports both domestic and international shipments by aggregating and organizing
supply-chain data to deliver enhanced visibility, automation and faster decision making. With
streamlined deployment measured in weeks   not months or years   our customers can quickly reduce
costs, optimize routing and improve buying and routing decisions. For Radiant, this speed to market and
ease of deployment represent a clear competitive advantage and we believe Navegate will serve as
a meaningful catalyst for organic growth as we continue to introduce the technology to our current and
prospective customers.
Sustainability and Social Responsibility
Sustainability remains central to our strategy. We continue to measure and reduce greenhouse gas
emissions while exploring new partnerships and frameworks aligned with industry best practices.
Equally important is our role in humanitarian and disaster-relief logistics   supporting the transport
of medical supplies, food and emergency equipment across the globe. We are also broadening our
community partnerships, reinforcing resilience both within our network and the communities we serve.
Culture and Leadership
Our progress depends on our people. In fiscal 2025, we expanded our leadership team with expertise
to drive innovation and scale. We continue to invest across the network to ensure Radiant remains a
place where entrepreneurial operators thrive and customers receive dedicated and reliable state-of-the
art solutions and support.
Looking Ahead
Radiant enters fiscal 2026 on the heels of solid earnings in a challenged market, a strong balance
sheet and a proven platform for growth. While global markets remain unsettled, this year of renewal
has strengthened our foundation, sharpened our execution and positioned the Company for the
opportunities ahead. We are focused on growing organically and through technology-enabled service
improvements, allocating our capital across a combination of strategic acquisitions, agent-station
conversions and stock repurchases, and investing in sustainability and talent. With this disciplined
approach, we are confident in Radiant   s mission and ability to drive enduring value for shareholders,
customers, and operating partners alike.
It   s the Network that Delivers!  
Bohn H. Crain
Founder, Chairman & CEO



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