diff --git a/helm/camel-k/Chart.yaml b/helm/camel-k/Chart.yaml
index 4dd668e5b9..0b82743e0f 100644
--- a/helm/camel-k/Chart.yaml
+++ b/helm/camel-k/Chart.yaml
@@ -35,7 +35,7 @@ version: 0.13.1
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: 2.4.0-SNAPSHOT
+appVersion: 2.5.0-SNAPSHOT
 
 icon: https://github.com/apache/camel/raw/main/docs/img/logo64-d.png
 home: https://camel.apache.org/camel-k/latest/
diff --git a/helm/camel-k/values.yaml b/helm/camel-k/values.yaml
index 28a45a30b3..ae4fce8854 100644
--- a/helm/camel-k/values.yaml
+++ b/helm/camel-k/values.yaml
@@ -23,7 +23,7 @@ nameOverride: ""
 fullnameOverride: ""
 
 operator:
-  image: docker.io/apache/camel-k:2.4.0-SNAPSHOT
+  image: docker.io/apache/camel-k:2.5.0-SNAPSHOT
   global: "false"
   resources: {}
   securityContext: {}
diff --git a/java/crds/pom.xml b/java/crds/pom.xml
index 3706f741a4..74f68b465c 100644
--- a/java/crds/pom.xml
+++ b/java/crds/pom.xml
@@ -25,7 +25,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>org.apache.camel.k</groupId>
   <artifactId>camel-k-crds</artifactId>
-  <version>2.4.0-SNAPSHOT</version>
+  <version>2.5.0-SNAPSHOT</version>
   <packaging>jar</packaging>
 
   <properties>
diff --git a/java/maven-logging/pom.xml b/java/maven-logging/pom.xml
index 1c3ace3a49..c3371a7761 100644
--- a/java/maven-logging/pom.xml
+++ b/java/maven-logging/pom.xml
@@ -22,7 +22,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>org.apache.camel.k</groupId>
     <artifactId>camel-k-maven-logging</artifactId>
-    <version>2.4.0-SNAPSHOT</version>
+    <version>2.5.0-SNAPSHOT</version>
     <description>Set of dependencies used for structural logging of Maven output</description>
     <packaging>pom</packaging>
 
diff --git a/pkg/resources/config/manager/operator-deployment.yaml b/pkg/resources/config/manager/operator-deployment.yaml
index b7ba60c14d..9f168c0347 100644
--- a/pkg/resources/config/manager/operator-deployment.yaml
+++ b/pkg/resources/config/manager/operator-deployment.yaml
@@ -25,7 +25,7 @@ metadata:
     name: camel-k-operator
     app.kubernetes.io/component: operator
     app.kubernetes.io/name: camel-k
-    app.kubernetes.io/version: "2.4.0-SNAPSHOT"
+    app.kubernetes.io/version: "2.5.0-SNAPSHOT"
 spec:
   replicas: 1
   strategy:
@@ -41,12 +41,12 @@ spec:
         app: "camel-k"
         app.kubernetes.io/component: operator
         app.kubernetes.io/name: camel-k
-        app.kubernetes.io/version: "2.4.0-SNAPSHOT"
+        app.kubernetes.io/version: "2.5.0-SNAPSHOT"
     spec:
       serviceAccountName: camel-k-operator
       containers:
         - name: camel-k-operator
-          image: docker.io/apache/camel-k:2.4.0-SNAPSHOT
+          image: docker.io/apache/camel-k:2.5.0-SNAPSHOT
           imagePullPolicy: IfNotPresent
           command:
             - kamel
diff --git a/pkg/resources/config/manifests/bases/camel-k.clusterserviceversion.yaml b/pkg/resources/config/manifests/bases/camel-k.clusterserviceversion.yaml
index 8e0c276bad..9bfc8c715c 100644
--- a/pkg/resources/config/manifests/bases/camel-k.clusterserviceversion.yaml
+++ b/pkg/resources/config/manifests/bases/camel-k.clusterserviceversion.yaml
@@ -22,8 +22,8 @@ metadata:
     capabilities: Full Lifecycle
     categories: Integration & Delivery
     certified: "false"
-    containerImage: docker.io/apache/camel-k:2.4.0-SNAPSHOT
-    createdAt: 2024-06-10T14:18:47Z
+    containerImage: docker.io/apache/camel-k:2.5.0-SNAPSHOT
+    createdAt: 2024-08-07T07:33:48Z
     description: Apache Camel K is a lightweight integration platform, born on Kubernetes,
       with serverless superpowers.
     operators.operatorframework.io/builder: operator-sdk-v1.16.0
@@ -31,7 +31,7 @@ metadata:
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v2
     repository: https://github.com/apache/camel-k
     support: Camel
-  name: camel-k.v2.4.0
+  name: camel-k.v2.5.0
 spec:
   apiservicedefinitions: {}
   customresourcedefinitions:
@@ -174,8 +174,8 @@ spec:
   minKubeVersion: 1.24.0
   provider:
     name: The Apache Software Foundation
-  replaces: camel-k-operator.v2.3.3
+  replaces: camel-k-operator.v2.4.0
   selector:
     matchLabels:
       name: camel-k-operator
-  version: 2.4.0
+  version: 2.5.0
diff --git a/pkg/resources/config/manifests/kustomization.yaml b/pkg/resources/config/manifests/kustomization.yaml
index bd94db03f7..920202ae9e 100644
--- a/pkg/resources/config/manifests/kustomization.yaml
+++ b/pkg/resources/config/manifests/kustomization.yaml
@@ -36,4 +36,4 @@ patchesStrategicMerge:
 images:
 - name: docker.io/apache/camel-k
   newName: docker.io/apache/camel-k
-  newTag: 2.4.0-SNAPSHOT
+  newTag: 2.5.0-SNAPSHOT
diff --git a/pkg/util/defaults/defaults.go b/pkg/util/defaults/defaults.go
index 63ed979f24..e50c9576b4 100644
--- a/pkg/util/defaults/defaults.go
+++ b/pkg/util/defaults/defaults.go
@@ -23,7 +23,7 @@ package defaults
 
 const (
 	// Version --
-	Version = "2.4.0-SNAPSHOT"
+	Version = "2.5.0-SNAPSHOT"
 
 	// DefaultRuntimeVersion --
 	DefaultRuntimeVersion = "3.8.1"
diff --git a/script/Makefile b/script/Makefile
index d6b1daaddc..06656ad2cb 100644
--- a/script/Makefile
+++ b/script/Makefile
@@ -24,9 +24,9 @@ PROJECT_PATH := $(patsubst %/,%,$(dir $(MKFILE_PATH)))
 LOCALBIN := $(PROJECT_PATH)/bin
 
 VERSIONFILE := pkg/util/defaults/defaults.go
-VERSION ?= 2.4.0-SNAPSHOT
+VERSION ?= 2.5.0-SNAPSHOT
 LAST_RELEASED_IMAGE_NAME := camel-k-operator
-LAST_RELEASED_VERSION ?= 2.3.3
+LAST_RELEASED_VERSION ?= 2.4.0
 DEFAULT_RUNTIME_VERSION := 3.8.1
 CONTROLLER_GEN_VERSION := v0.15.0
 CODEGEN_VERSION := v0.29.7