diff --git a/pyproject.toml b/pyproject.toml
index 016f834..20a1bdf 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -33,7 +33,7 @@ classifiers = [
   "Typing :: Typed",
 ]
 requires-python = ">= 3.11, < 4"
-dependencies = ["typing-extensions >= 4.6.0, < 5"]
+dependencies = ["typing-extensions >= 4.12.0, < 5"]
 dynamic = ["version"]
 
 [[project.authors]]
@@ -78,7 +78,7 @@ dev-pytest = [
   "pylint == 3.3.8", # We need this to check for the examples
   "frequenz-repo-config[extra-lint-examples] == 0.13.5",
   "pytest-mock == 3.14.1",
-  "pytest-asyncio == 1.1.0",
+  "pytest-asyncio == 1.2.0",
   "async-solipsism == 0.8",
   "hypothesis == 6.138.13",
   "frequenz-quantities[marshmallow]",