diff --git a/CHANGELOG.md b/CHANGELOG.md
index 80be6e69f082c6082d6e5b941893a7c7db349a00..b297a7c5a619a28f4883ee23a28c1e0afdddb172 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,8 @@ KleidiAI follows the [Semantic Versioning](https://semver.org/) specification fo
 
 ## Upcoming Release
 
+## v1.5.0
+
 - Extend benchmark tool to support all matrix multiplication micro-kernels.
 - New Advanced SIMD micro-kernels:
   - New 4x8 block size variant of matrix multiplication of QAI8DXP LHS and QSI4C32P RHS with F32 output.
diff --git a/CMakeLists.txt b/CMakeLists.txt
index f7853fd3219f54c825199fa2166cabf9fa2975b5..45c95c397c480c5c45918bacd9016f79295358c4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,7 @@
 cmake_minimum_required(VERSION 3.16)
 
 project(KleidiAI
-    VERSION 1.4.0
+    VERSION 1.5.0
     LANGUAGES C CXX
 )
 
diff --git a/kai/kai_common.h b/kai/kai_common.h
index baa7c6cb31868b9bd99f68c8470f9ee8f9679802..54c5efdce532fe93387c5949c12871b1ffde87b4 100644
--- a/kai/kai_common.h
+++ b/kai/kai_common.h
@@ -58,7 +58,7 @@ extern "C" {
 ///
 /// @return Project version as a string literal.
 inline const char* kai_get_version(void) {
-    return "1.4.0";
+    return "1.5.0";
 }
 
 /// KleidiAI data types