diff --git a/.github/release-please-manifest.json b/.github/release-please-manifest.json
index adb1dfde..b2b35cf9 100644
--- a/.github/release-please-manifest.json
+++ b/.github/release-please-manifest.json
@@ -1 +1 @@
-{".":"2.4.1"}
+{".":"2.5.0"}
diff --git a/changelogs/dev-changelog.md b/changelogs/dev-changelog.md
index 905853b0..d6b8b682 100644
--- a/changelogs/dev-changelog.md
+++ b/changelogs/dev-changelog.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [2.5.0](https://github.com/ansible-collections/hetzner.hcloud/compare/2.4.1...2.5.0) (2024-02-01)
+
+
+### Features
+
+* add `hostvars_prefix` and `hostvars_suffix` options to inventory hostvars ([#423](https://github.com/ansible-collections/hetzner.hcloud/issues/423)) ([4e3f89a](https://github.com/ansible-collections/hetzner.hcloud/commit/4e3f89aed3be6f040e304521d69329c313616df5))
+* replace `ansible.netcommon` utils with python3 `ipaddress` module ([#416](https://github.com/ansible-collections/hetzner.hcloud/issues/416)) ([4cfdf50](https://github.com/ansible-collections/hetzner.hcloud/commit/4cfdf50b26536c468705c729cdb48d4b2d421571))
+
 ## [2.4.1](https://github.com/ansible-collections/hetzner.hcloud/compare/2.4.0...2.4.1) (2023-11-27)
 
 
diff --git a/galaxy.yml b/galaxy.yml
index fb4c554b..98f57cc1 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -1,11 +1,12 @@
 namespace: hetzner
 name: hcloud
-version: 2.4.1 # x-release-please-version
+version: 2.5.0
 readme: README.md
 authors:
   - Hetzner Cloud (github.com/hetznercloud)
 description: A Collection for managing Hetzner Cloud resources
-license: [GPL-3.0-or-later]
+license:
+  - GPL-3.0-or-later
 tags:
   - hetzner
   - cloud
diff --git a/plugins/module_utils/version.py b/plugins/module_utils/version.py
index 81af7dbd..e78c320a 100644
--- a/plugins/module_utils/version.py
+++ b/plugins/module_utils/version.py
@@ -1,3 +1,3 @@
 from __future__ import annotations
 
-version = "2.4.1"  # x-release-please-version
+version = "2.5.0"  # x-release-please-version