diff --git a/CHANGELOG.md b/CHANGELOG.md
index f7f43b1..d87508d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,18 @@ follows:
    releases, and Linux kernel updates. They're also made to fix bugs and add
    features to the build infrastructure.
 
+## v1.25.0
+
+This is a major Buildroot and toolchain update.
+
+Please see [nerves_system_br v1.25.0 release notes](https://github.com/nerves-project/nerves_system_br/releases/tag/v1.25.0)
+for upgrade instructions if you've forked this system.
+
+* Updated dependencies
+  * [nerves_system_br v1.25.2](https://github.com/nerves-project/nerves_system_br/releases/tag/v1.25.2)
+  * [Buildroot 2023.08.4](https://lore.kernel.org/buildroot/87o7f6t7fs.fsf@48ers.dk/T/)
+  * [Erlang/OTP 26.1.2](https://erlang.org/download/OTP-26.1.2.README)
+
 ## v1.24.1
 
 This is a security/bug fix update.
diff --git a/VERSION b/VERSION
index f9e8384..ad21919 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.24.1
+1.25.0