diff --git a/platform/mellanox/mft.mk b/platform/mellanox/mft.mk
index 1c0efa6a3df3..5ef30af77c55 100644
--- a/platform/mellanox/mft.mk
+++ b/platform/mellanox/mft.mk
@@ -1,5 +1,5 @@
 #
-# Copyright (c) 2016-2022 NVIDIA CORPORATION & AFFILIATES.
+# Copyright (c) 2016-2023 NVIDIA CORPORATION & AFFILIATES.
 # Apache-2.0
 #
 # Licensed under the Apache License, Version 2.0 (the "License");
@@ -16,8 +16,8 @@
 #
 # Mellanox SAI
 
-MFT_VERSION = 4.22.1
-MFT_REVISION = 15
+MFT_VERSION = 4.25.0
+MFT_REVISION = 62
 
 MLNX_MFT_INTERNAL_SOURCE_BASE_URL =