diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index b75ca062c7c2..b9a5689f87af 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.204.0"
+  ".": "2.205.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 04e393ce5eca..4e854943fcbb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [2.205.0](https://github.com/Flagsmith/flagsmith/compare/v2.204.0...v2.205.0) (2025-12-12)
+
+
+### Features
+
+* add delete-segment-override experimental endpoint ([#6383](https://github.com/Flagsmith/flagsmith/issues/6383)) ([9e584f1](https://github.com/Flagsmith/flagsmith/commit/9e584f16583973f580c1e96ba512084154fa049b))
+* **api:** add experimental feature flag update endpoints  ([#6305](https://github.com/Flagsmith/flagsmith/issues/6305)) ([32e9bc5](https://github.com/Flagsmith/flagsmith/commit/32e9bc58e03e056e94b8ae490fb45b7f966468b6))
+
+
+### Bug Fixes
+
+* optimise segment deletion and cloning with bulk operations ([#6401](https://github.com/Flagsmith/flagsmith/issues/6401)) ([acd2d4a](https://github.com/Flagsmith/flagsmith/commit/acd2d4ab0dd52cf56cd8ed043966181d0961e18f))
+* skip-audit-log-for-soft-deleted-CR ([#6367](https://github.com/Flagsmith/flagsmith/issues/6367)) ([9fe23ba](https://github.com/Flagsmith/flagsmith/commit/9fe23ba2f3da53793bf654df3d54bbf66f8deb42))
+
 ## [2.204.0](https://github.com/Flagsmith/flagsmith/compare/v2.203.0...v2.204.0) (2025-12-08)
 
 
diff --git a/version.txt b/version.txt
index c8ecfe2616ec..b0436fe4e20c 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.204.0
+2.205.0