diff --git a/README.md b/README.md
index a5d28aa1..9be63515 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 <a href="https://skpro.readthedocs.io/en/latest"><img src="https://github.com/sktime/skpro/blob/main/docs/source/images/skpro-banner.png" width="500" align="right" /></a>
 
-:rocket: **Version 2.5.0 out now!** [Read the release notes here.](https://skpro.readthedocs.io/en/latest/changelog.html).
+:rocket: **Version 2.5.1 out now!** [Read the release notes here.](https://skpro.readthedocs.io/en/latest/changelog.html).
 
 `skpro` is a library for supervised probabilistic prediction in python.
 It provides `scikit-learn`-like, `scikit-base` compatible interfaces to:
diff --git a/docs/source/_static/switcher.json b/docs/source/_static/switcher.json
index c420d8df..923f3505 100644
--- a/docs/source/_static/switcher.json
+++ b/docs/source/_static/switcher.json
@@ -5,7 +5,12 @@
     "url": "https://skpro.readthedocs.io/en/latest/"
   },
   {
-    "name": "2.5.0 (stable)",
+    "name": "2.5.1 (stable)",
+    "version": "stable",
+    "url": "https://skpro.readthedocs.io/en/v2.5.1/"
+  },
+  {
+    "name": "2.5.0",
     "version": "stable",
     "url": "https://skpro.readthedocs.io/en/v2.5.0/"
   },
diff --git a/docs/source/changelog.rst b/docs/source/changelog.rst
index 28957158..df111580 100644
--- a/docs/source/changelog.rst
+++ b/docs/source/changelog.rst
@@ -16,6 +16,44 @@ For planned changes and upcoming releases, see roadmap in the
 `issue tracker <https://github.com/sktime/skpro/issues>`_.
 
 
+[2.5.1] - 2024-09-07
+====================
+
+Minor feature and bugfix release.
+
+Dependency changes
+~~~~~~~~~~~~~~~~~~
+
+* ``polars`` (data container and parallelization back-end) bounds have been updated to ``<1.7.0``
+
+Enhancements
+~~~~~~~~~~~~
+
+* [ENH] Polars adapter enhancements (:pr:`449`) :user:`julian-fong`
+
+Maintenance
+~~~~~~~~~~~
+
+* [MNT] [Dependabot](deps): Update polars requirement from ``<1.5.0`` to ``<1.7.0`` (:pr:`456`) :user:`dependabot[bot]`
+
+Fixes
+~~~~~
+
+* [BUG] changelog utility: fix termination condition to retrieve merged PR (:pr:`448`) :user:`fkiraly`
+* [BUG] Update ``skpro.utils.git_diff`` to fix issue with encoding  (:pr:`452`) :user:`julian-fong`
+* [BUG] fix variance bug in ``DummyProbaRegressor`` (:pr:`455`) :user:`fkiraly`
+
+Documentation
+~~~~~~~~~~~~~
+
+* [DOC] minor updates to ``README.md`` (:pr:`451`) :user:`fkiraly`
+
+Contributors
+~~~~~~~~~~~~
+
+:user:`fkiraly`,
+:user:`julian-fong`
+
 [2.5.0] - 2024-08-02
 ====================
 
diff --git a/pyproject.toml b/pyproject.toml
index 75abafaf..937d630a 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "skpro"
-version = "2.5.0"
+version = "2.5.1"
 description = "A unified framework for probability distributions and probabilistic supervised regression"
 authors = [
     {name = "skpro developers", email = "sktime.toolbox@gmail.com"},
diff --git a/skpro/__init__.py b/skpro/__init__.py
index 3a89c9a8..f6f79fee 100644
--- a/skpro/__init__.py
+++ b/skpro/__init__.py
@@ -1,6 +1,6 @@
 """skpro."""
 
-__version__ = "2.5.0"
+__version__ = "2.5.1"
 
 __all__ = ["show_versions"]