diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4ccbbd4882..58fafc076a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # [Unreleased](https://github.com/pybamm-team/PyBaMM/)
 
+# [v25.1.0](https://github.com/pybamm-team/PyBaMM/tree/v25.1.0) - 2025-01-14
+
 ## Features
 
 - Added a `dt_min` option to the (`IDAKLUSolver`). ([#4736](https://github.com/pybamm-team/PyBaMM/pull/4736))
diff --git a/CITATION.cff b/CITATION.cff
index 191803f79d..742806759c 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -24,6 +24,6 @@ keywords:
   - "expression tree"
   - "python"
   - "symbolic differentiation"
-version: "24.11.2"
+version: "25.1.0"
 repository-code: "https://github.com/pybamm-team/PyBaMM"
 title: "Python Battery Mathematical Modelling (PyBaMM)"
diff --git a/pyproject.toml b/pyproject.toml
index 745ee5d8d8..50893200cb 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "pybamm"
-version = "24.11.2"
+version = "25.1.0"
 license = { file = "LICENSE.txt" }
 description = "Python Battery Mathematical Modelling"
 authors = [{name = "The PyBaMM Team", email = "pybamm@pybamm.org"}]
diff --git a/src/pybamm/version.py b/src/pybamm/version.py
index 6d39660f8e..e5d7ca6220 100644
--- a/src/pybamm/version.py
+++ b/src/pybamm/version.py
@@ -1 +1 @@
-__version__ = "24.11.2"
+__version__ = "25.1.0"