diff --git a/.github/workflows/build.yml b/.github/workflows/build.yml
index 4b4abe7..9217c8c 100644
--- a/.github/workflows/build.yml
+++ b/.github/workflows/build.yml
@@ -350,13 +350,15 @@ jobs:
         run: cargo set-version --offline --workspace 0.0.0-pr${{ github.event.pull_request.number }}
       - name: Update version if PR against non-main branch
         # For PRs to be merged against a release branch, use the version that has already been set in the calling script.
+        # We can't rely on cargo set-version here as we will break semver rules when changing the version to make it
+        # specific to this PR e.g. 1.2.0 --> 1.2.0-pr678, so set it manually.
         if: ${{ github.event_name == 'pull_request' && github.ref != 'refs/heads/main' }}
         env:
           PR_NUMBER: ${{ github.event.pull_request.number }}
         run: |
           MANIFEST_VERSION=$(cargo metadata --format-version 1 --no-deps | jq -r '.packages[0].version')
           PR_VERSION="${MANIFEST_VERSION}-pr${PR_NUMBER}"
-          cargo set-version --offline --workspace "$PR_VERSION"
+          sed -i "s/version = \"${MANIFEST_VERSION}\"/version = \"${PR_VERSION}\"/" Cargo.toml
 
       # Recreate charts and publish charts and docker image. The "-e" is needed as we want to override the
       # default value in the makefile if called from this action, but not otherwise (i.e. when called locally).
@@ -425,13 +427,15 @@ jobs:
         run: cargo set-version --offline --workspace 0.0.0-pr${{ github.event.pull_request.number }}
       - name: Update version if PR against non-main branch
         # For PRs to be merged against a release branch, use the version that has already been set in the calling script.
+        # We can't rely on cargo set-version here as we will break semver rules when changing the version to make it
+        # specific to this PR e.g. 1.2.0 --> 1.2.0-pr678, so set it manually.
         if: ${{ github.event_name == 'pull_request' && github.ref != 'refs/heads/main' }}
         env:
           PR_NUMBER: ${{ github.event.pull_request.number }}
         run: |
           MANIFEST_VERSION=$(cargo metadata --format-version 1 --no-deps | jq -r '.packages[0].version')
           PR_VERSION="${MANIFEST_VERSION}-pr${PR_NUMBER}"
-          cargo set-version --offline --workspace "$PR_VERSION"
+          sed -i "s/version = \"${MANIFEST_VERSION}\"/version = \"${PR_VERSION}\"/" Cargo.toml
       - name: Build manifest list
         run: |
           # Creating manifest list
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 353a781..db0e009 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,8 @@ All notable changes to this project will be documented in this file.
 
 ## [Unreleased]
 
+## [24.11.1] - 2025-01-10
+
 ## [24.11.1-rc2] - 2024-12-12
 
 ## [24.11.1-rc1] - 2024-12-06
diff --git a/Cargo.lock b/Cargo.lock
index 6f24fe0..cf4ab3c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2166,7 +2166,7 @@ checksum = "6980e8d7511241f8acf4aebddbb1ff938df5eebe98691418c4468d0b72a96a67"
 
 [[package]]
 name = "stackable-hello-world-operator"
-version = "24.11.1-rc2"
+version = "24.11.1"
 dependencies = [
  "anyhow",
  "built",
diff --git a/Cargo.nix b/Cargo.nix
index 81cac36..05f886e 100644
--- a/Cargo.nix
+++ b/Cargo.nix
@@ -6669,7 +6669,7 @@ rec {
       };
       "stackable-hello-world-operator" = rec {
         crateName = "stackable-hello-world-operator";
-        version = "24.11.1-rc2";
+        version = "24.11.1";
         edition = "2021";
         crateBin = [
           {
diff --git a/Cargo.toml b/Cargo.toml
index 049fb1e..4f131ee 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@ members = ["rust/operator-binary"]
 resolver = "2"
 
 [workspace.package]
-version = "24.11.1-rc2"
+version = "24.11.1"
 authors = ["Stackable GmbH <info@stackable.tech>"]
 license = "OSL-3.0"
 edition = "2021"
diff --git a/deploy/helm/hello-world-operator/Chart.yaml b/deploy/helm/hello-world-operator/Chart.yaml
index f1c9638..5deaded 100644
--- a/deploy/helm/hello-world-operator/Chart.yaml
+++ b/deploy/helm/hello-world-operator/Chart.yaml
@@ -1,8 +1,8 @@
 ---
 apiVersion: v2
 name: hello-world-operator
-version: "24.11.1-rc2"
-appVersion: "24.11.1-rc2"
+version: "24.11.1"
+appVersion: "24.11.1"
 description: The Stackable Operator for Hello World
 home: https://github.com/stackabletech/hello-world-operator
 maintainers:
diff --git a/tests/release.yaml b/tests/release.yaml
index 1dbee72..cc58cf4 100644
--- a/tests/release.yaml
+++ b/tests/release.yaml
@@ -7,4 +7,4 @@ releases:
     description: Integration test
     products:
       hello-world:
-        operatorVersion: 24.11.1-rc2
+        operatorVersion: 24.11.1