b'R OBINSON , F ARMER , C OXA SSOCIATES , PLLCCertified Public AccountantsIndependent Auditors Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards To the CommissionersCapital Region Airport Commission Richmond International Airport, Virginia Wehaveaudited,inaccordancewiththeauditingstandardsgenerallyacceptedintheUnitedStatesof America; the standards applicable to financial audits contained in Government Auditing Standards, issued by theComptrollerGeneraloftheUnitedStates;andtheSpecificationsforAuditsofAuthorities,Boards,and Commissions,issuedbytheAuditorofPublicAccountsoftheCommonwealthofVirginia,thefinancial statements of the business-type activities of Capital Region Airport Commission as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise Capital Region Airport Commissions basic financial statements and have issued our report thereon dated December 23, 2025. Report on Internal Control over Financial Reporting Inplanningandperformingourauditofthefinancialstatements,weconsideredCapitalRegionAirport Commissions internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Capital Region Airport Commissions internal control.Accordingly, we do not express an opinion on the effectiveness of Capital Region Airport Commissions internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis.A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entitys financial statements will not be prevented, or detected and corrected, on a timely basis.A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section andwasnotdesignedtoidentifyalldeficienciesininternalcontrolthatmightbematerialweaknessesor significant deficiencies.Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.However, material weaknesses or significant deficiencies may exist that were not identified. 128'