diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 5558275b..d7fc45eb 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "3.2.4"
+  ".": "3.2.5"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a9714a77..437840f2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project does adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [3.2.5](https://github.com/microsoftgraph/msgraph-sdk-dotnet-core/compare/3.2.4...3.2.5) (2025-12-19)
+
+
+### Bug Fixes
+
+* **tooling:** update all outdated PackageReferences ([01f00c1](https://github.com/microsoftgraph/msgraph-sdk-dotnet-core/commit/01f00c1fd0d80e5c772bf151d200fa720e85269e))
+* **tooling:** update all outdated PackageReferences ([808b60a](https://github.com/microsoftgraph/msgraph-sdk-dotnet-core/commit/808b60a0fe6c4fb89054199ff014b4f8d0aa67fe))
+
 ## [3.2.4](https://github.com/microsoftgraph/msgraph-sdk-dotnet-core/compare/3.2.3...3.2.4) (2025-03-12)
 
 
diff --git a/src/Microsoft.Graph.Core/Microsoft.Graph.Core.csproj b/src/Microsoft.Graph.Core/Microsoft.Graph.Core.csproj
index 0f6fc9cc..921a360f 100644
--- a/src/Microsoft.Graph.Core/Microsoft.Graph.Core.csproj
+++ b/src/Microsoft.Graph.Core/Microsoft.Graph.Core.csproj
@@ -21,7 +21,7 @@
     <AssemblyOriginatorKeyFile>35MSSharedLib1024.snk</AssemblyOriginatorKeyFile>
     <AutoGenerateBindingRedirects>true</AutoGenerateBindingRedirects>
     <!-- x-release-please-start-version -->
-    <VersionPrefix>3.2.4</VersionPrefix>
+    <VersionPrefix>3.2.5</VersionPrefix>
     <!-- x-release-please-end -->
     <!-- VersionPrefix minor version should not be set when the change comes from the generator. It will be updated automatically. -->
     <!-- VersionPrefix minor version must be manually set when making manual changes to code. -->