diff --git a/CHANGELOG.md b/CHANGELOG.md
index 21ec5bb7..53ce48c7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased](https://github.com/qutip/QuantumToolbox.jl/tree/main)
 
+## [v0.25.0]
+Release date: 2025-01-20
+
 - Change the structure of block diagonalization functions, using `BlockDiagonalForm` struct and changing the function name from `bdf` to `block_diagonal_form`. ([#349])
 - Add **GPUArrays** compatibility for `ptrace` function, by using **KernelAbstractions.jl**. ([#350])
 - Introduce `Space`, `Dimensions`, `GeneralDimensions` structures to support wider definitions and operations of `Qobj/QobjEvo`, and potential functionalities in the future. ([#271], [#353], [#360])
@@ -56,6 +59,7 @@ Release date: 2024-11-13
 [v0.23.0]: https://github.com/qutip/QuantumToolbox.jl/releases/tag/v0.23.0
 [v0.23.1]: https://github.com/qutip/QuantumToolbox.jl/releases/tag/v0.23.1
 [v0.24.0]: https://github.com/qutip/QuantumToolbox.jl/releases/tag/v0.24.0
+[v0.25.0]: https://github.com/qutip/QuantumToolbox.jl/releases/tag/v0.25.0
 [#86]: https://github.com/qutip/QuantumToolbox.jl/issues/86
 [#139]: https://github.com/qutip/QuantumToolbox.jl/issues/139
 [#271]: https://github.com/qutip/QuantumToolbox.jl/issues/271
diff --git a/Project.toml b/Project.toml
index 264ef05c..92a7498f 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "QuantumToolbox"
 uuid = "6c2fb7c5-b903-41d2-bc5e-5a7c320b9fab"
 authors = ["Alberto Mercurio", "Yi-Te Huang"]
-version = "0.24.0"
+version = "0.25.0"
 
 [deps]
 ArrayInterface = "4fba245c-0d91-5ea0-9b3e-6abc04ee57a9"