diff --git a/components/esp_modem/.cz.yaml b/components/esp_modem/.cz.yaml
index efc71f0368..b8d4701dbd 100644
--- a/components/esp_modem/.cz.yaml
+++ b/components/esp_modem/.cz.yaml
@@ -3,6 +3,6 @@ commitizen:
   bump_message: 'bump(modem): $current_version -> $new_version'
   pre_bump_hooks: python ../../ci/changelog.py esp_modem
   tag_format: modem-v$version
-  version: 1.0.4
+  version: 1.0.5
   version_files:
   - idf_component.yml
diff --git a/components/esp_modem/CHANGELOG.md b/components/esp_modem/CHANGELOG.md
index 73f3ae8491..d7a9d13506 100644
--- a/components/esp_modem/CHANGELOG.md
+++ b/components/esp_modem/CHANGELOG.md
@@ -1,5 +1,29 @@
 # Changelog
 
+## [1.0.5](https://github.com/espressif/esp-protocols/commits/modem-v1.0.5)
+
+### Major changes
+
+- Added support for implementing user defined modules in standard C-API ([Support for custom modules with C-API](https://github.com/espressif/esp-protocols/commit/0254d50))
+
+### Bug Fixes
+
+- Added test injecting unexpected replies ([b220d1e](https://github.com/espressif/esp-protocols/commit/b220d1e), [#426](https://github.com/espressif/esp-protocols/issues/426))
+- Fixed inconsistent state on data after OK ([bf99f28](https://github.com/espressif/esp-protocols/commit/bf99f28), [#426](https://github.com/espressif/esp-protocols/issues/426))
+- TLS example: Added restore session support in mbedtls-wrap ([79d38e5](https://github.com/espressif/esp-protocols/commit/79d38e5))
+- Fixed examples to show netif on ppp-changed event ([a70b197](https://github.com/espressif/esp-protocols/commit/a70b197))
+- remove unused GNU Make based buildsystem files ([d6b6f63](https://github.com/espressif/esp-protocols/commit/d6b6f63))
+- specify override_path in example manifest files ([5b78da4](https://github.com/espressif/esp-protocols/commit/5b78da4))
+- Added test-cases that exercise mode transitions ([aff571d](https://github.com/espressif/esp-protocols/commit/aff571d))
+- Fixed mode transitions between any state and UNDEF ([93cb2ca](https://github.com/espressif/esp-protocols/commit/93cb2ca), [#320](https://github.com/espressif/esp-protocols/issues/320))
+- Fixed API docs within doxygen comments ([020b407](https://github.com/espressif/esp-protocols/commit/020b407))
+- Support for custom modules with C-API ([0254d50](https://github.com/espressif/esp-protocols/commit/0254d50))
+- Fix CRLF issue with esp_modem_c_api.cpp ([2661b4d](https://github.com/espressif/esp-protocols/commit/2661b4d))
+
+### Updated
+
+- ci(common): Created reusable action for host and coverage tests ([9ad04de](https://github.com/espressif/esp-protocols/commit/9ad04de))
+
 ## [1.0.4](https://github.com/espressif/esp-protocols/commits/modem-v1.0.4)
 
 ### Bug Fixes
diff --git a/components/esp_modem/idf_component.yml b/components/esp_modem/idf_component.yml
index 818d8a61ff..7e836bcb1e 100644
--- a/components/esp_modem/idf_component.yml
+++ b/components/esp_modem/idf_component.yml
@@ -1,4 +1,4 @@
-version: "1.0.4"
+version: "1.0.5"
 description: Library for communicating with cellular modems in command and data modes
 url: https://github.com/espressif/esp-protocols/tree/master/components/esp_modem
 issues: https://github.com/espressif/esp-protocols/issues