diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index fc5553b07..945fbaf29 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.24.0"
+  ".": "0.25.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b2c392ffd..ed134192d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,28 @@
 # Changelog
 
+## 0.25.0 (2025-01-16)
+
+<!-- Release notes generated using configuration in .github/release.yaml at main -->
+
+## What's Changed
+### Exciting New Features 🎉
+* feat: Virtual IP configuration to set different address/port by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/986
+* feat: update addon versions by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/997
+* feat: COSI controller Addon by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1008
+### Fixes 🔧
+* fix: check HelmReleaseReadyCondition when status is up-to-date by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/989
+* fix: update CoreDNS mapping file by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/998
+* fix: validates PC IP is outside Load Balancer IP Range by @manoj-nutanix in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1001
+* fix: update COSI controller image to fix CVEs by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1012
+* fix(deps): Update Nutanix CCM Version by @thunderboltsid in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1016
+* fix: update AWS CCM to latest versions by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/1013
+### Other Changes
+* refactor: new waiter functionality in helmAddonApplier by @dkoshkin in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/988
+* build: Properly ignore ntnx API client from dependabot by @jimmidyson in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/995
+
+
+**Full Changelog**: https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/compare/v0.24.0...v0.25.0
+
 ## 0.24.0 (2024-12-02)
 
 <!-- Release notes generated using configuration in .github/release.yaml at main -->
diff --git a/docs/hugo.toml b/docs/hugo.toml
index 0f7f9586f..35a7ed932 100644
--- a/docs/hugo.toml
+++ b/docs/hugo.toml
@@ -71,7 +71,7 @@ archived_version = false
 # The version number for the version of the docs represented in this doc set.
 # Used in the "version-banner" partial to display a version number for the
 # current doc set.
-version = "0.24.0"
+version = "0.25.0"
 
 # A link to latest version of the docs. Used in the "version-banner" partial to
 # point people to the main doc site.
diff --git a/metadata.yaml b/metadata.yaml
index f7d83f896..8dccd22da 100644
--- a/metadata.yaml
+++ b/metadata.yaml
@@ -73,3 +73,6 @@ releaseSeries:
   - contract: v1beta1
     major: 0
     minor: 24
+  - contract: v1beta1
+    major: 0
+    minor: 25
diff --git a/test/e2e/config/caren.yaml b/test/e2e/config/caren.yaml
index e976bbf3f..bf5afdbc9 100644
--- a/test/e2e/config/caren.yaml
+++ b/test/e2e/config/caren.yaml
@@ -136,8 +136,8 @@ providers:
   versions:
   # Upgrade e2e tests will use this as the "upgrade from" version.
   # This should reference the most recent successful release.
-  - name: "{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.23}"
-    value: "https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/releases/download/{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.23}/runtime-extensions-components.yaml"
+  - name: "{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.24}"
+    value: "https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/releases/download/{go://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix@v0.24}/runtime-extensions-components.yaml"
     type: "url"
     contract: v1beta1
     files:
@@ -147,7 +147,7 @@ providers:
       new: "--v=8"
     - old: --metrics-addr=127.0.0.1:8080
       new: --metrics-addr=:8080
-  - name: v0.25.99 # "vNext"; use manifests from local source files
+  - name: v0.26.99 # "vNext"; use manifests from local source files
     value: "file://../../../runtime-extensions-components.yaml"
     type: "url"
     contract: v1beta1
diff --git a/test/e2e/data/shared/v1beta1-caren/metadata.yaml b/test/e2e/data/shared/v1beta1-caren/metadata.yaml
index 5a9793edd..1f774e959 100644
--- a/test/e2e/data/shared/v1beta1-caren/metadata.yaml
+++ b/test/e2e/data/shared/v1beta1-caren/metadata.yaml
@@ -64,3 +64,6 @@ releaseSeries:
   - contract: v1beta1
     major: 0
     minor: 25
+  - contract: v1beta1
+    major: 0
+    minor: 26