diff --git a/CMakeLists.txt b/CMakeLists.txt
index 40de0706..c1b99657 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -62,7 +62,7 @@ option(UPX_CONFIG_DISABLE_EXHAUSTIVE_TESTS "Do not run exhaustive tests"
 # init
 #***********************************************************************
 
-set(UPX_VERSION_STRING "4.3.0") # this should match src/version.h
+set(UPX_VERSION_STRING "5.0.0") # this should match src/version.h
 
 upx_cmake_include_hook(2_init)
 
diff --git a/NEWS b/NEWS
index 592b3d3f..a2c3dae6 100644
--- a/NEWS
+++ b/NEWS
@@ -2,12 +2,12 @@
 User visible changes for UPX
 ==================================================================
 
-Changes in 4.3.0 (XX XXX XXXX):
-  * bug fixes - see https://github.com/upx/upx/milestone/18
+Changes in 5.0.0 (XX XXX XXXX):
   * ELF: PT_MIPS_ABIFLAGS is now forwarded into the compressed output;
     qemu-mips can choose the right floating-point emulation
   * ELF: --unmap-all-pages completely avoids /proc/self/exe
   * ELF: --android-old supports older than Android 10; costs 1KB
+  * bug fixes - see https://github.com/upx/upx/milestone/18
 
 Changes in 4.2.4 (09 May 2024):
   * bug fixes - see https://github.com/upx/upx/milestone/17
diff --git a/doc/upx.1 b/doc/upx.1
index 6bc89b74..914b548f 100644
--- a/doc/upx.1
+++ b/doc/upx.1
@@ -55,7 +55,7 @@
 .\" ========================================================================
 .\"
 .IX Title "UPX 1"
-.TH UPX 1 2024-08-19 "upx 4.3.0" " "
+.TH UPX 1 2025-01-18 "upx 5.0.0" " "
 .\" For nroff, turn off justification.  Always turn off hyphenation; it makes
 .\" way too many mistakes in technical documents.
 .if n .ad l
@@ -69,7 +69,7 @@ upx \- compress or expand executable files
 .IX Header "ABSTRACT"
 .Vb 3
 \&                    The Ultimate Packer for eXecutables
-\&   Copyright (c) 1996\-2024 Markus Oberhumer, Laszlo Molnar & John Reiser
+\&   Copyright (c) 1996\-2025 Markus Oberhumer, Laszlo Molnar & John Reiser
 \&                           https://upx.github.io
 .Ve
 .PP
@@ -939,11 +939,11 @@ Please report all bugs immediately to the authors.
 .Ve
 .SH COPYRIGHT
 .IX Header "COPYRIGHT"
-Copyright (C) 1996\-2024 Markus Franz Xaver Johannes Oberhumer
+Copyright (C) 1996\-2025 Markus Franz Xaver Johannes Oberhumer
 .PP
-Copyright (C) 1996\-2024 Laszlo Molnar
+Copyright (C) 1996\-2025 Laszlo Molnar
 .PP
-Copyright (C) 2000\-2024 John F. Reiser
+Copyright (C) 2000\-2025 John F. Reiser
 .PP
 \&\fBUPX\fR is distributed with full source code under the terms of the
 GNU General Public License v2+; either under the pure GPLv2+ (see
diff --git a/src/version.h b/src/version.h
index 8a2ae758..a2ca301a 100644
--- a/src/version.h
+++ b/src/version.h
@@ -1,7 +1,7 @@
 #pragma once
-#define UPX_VERSION_HEX      0x040300 /* 04.03.00 */
-#define UPX_VERSION_STRING   "4.3.0"
-#define UPX_VERSION_STRING4  "4.30"
-#define UPX_VERSION_DATE     "Aug 19th 2024"
-#define UPX_VERSION_DATE_ISO "2024-08-19"
-#define UPX_VERSION_YEAR     "2024"
+#define UPX_VERSION_HEX      0x050000 /* 05.00.00 */
+#define UPX_VERSION_STRING   "5.0.0"
+#define UPX_VERSION_STRING4  "5.00"
+#define UPX_VERSION_DATE     "Jan 17th 2025"
+#define UPX_VERSION_DATE_ISO "2025-01-18"
+#define UPX_VERSION_YEAR     "2025"