diff --git a/Makefile b/Makefile
index 61efd291..75d42e17 100644
--- a/Makefile
+++ b/Makefile
@@ -10,7 +10,7 @@ PG_VERSION = 16.1
 PG_VERSION_MAJOR = $(call word-dot,$(PG_VERSION),1)
 PROTOC_VERSION = 25.1
 
-VERSION = 4.2.3
+VERSION = 5.0.0
 VERSION_MAJOR = $(call word-dot,$(VERSION),1)
 VERSION_MINOR = $(call word-dot,$(VERSION),2)
 VERSION_PATCH = $(call word-dot,$(VERSION),3)