diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0e4ff7bb16..e896a75e15 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-# 12.x (unreleased)
+# 12.5 (2024-Nov-13)
 
 ## Bug fixes
 
diff --git a/meson.build b/meson.build
index d135c5185c..4436051de9 100644
--- a/meson.build
+++ b/meson.build
@@ -1,4 +1,4 @@
-project('picom', 'c', version: '12.4',
+project('picom', 'c', version: '12.5',
         default_options: ['c_std=c11', 'warning_level=1'])
 
 cc = meson.get_compiler('c')