diff --git a/CMakeLists.txt b/CMakeLists.txt
index c7ea3477..f4e0c9e4 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -17,7 +17,7 @@ cmake_minimum_required(VERSION 3.14)
 project(
   "mctc-lib"
   LANGUAGES "Fortran"
-  VERSION "0.5.0"
+  VERSION "0.5.1"
   DESCRIPTION "Modular computation tool chain"
 )
 
diff --git a/fpm.toml b/fpm.toml
index 164e5b8e..02bb0702 100644
--- a/fpm.toml
+++ b/fpm.toml
@@ -1,5 +1,5 @@
 name = "mctc-lib"
-version = "0.5.0"
+version = "0.5.1"
 license = "Apache-2.0"
 maintainer = ["@awvwgk"]
 author = ["Sebastian Ehlert"]
diff --git a/meson.build b/meson.build
index 066f910d..6031534e 100644
--- a/meson.build
+++ b/meson.build
@@ -15,7 +15,7 @@
 project(
   'mctc-lib',
   'fortran',
-  version: '0.5.0',
+  version: '0.5.1',
   license: 'Apache-2.0',
   meson_version: '>=0.55',
   default_options: [
diff --git a/src/mctc/version.F90 b/src/mctc/version.F90
index 9b172545..21ebffce 100644
--- a/src/mctc/version.F90
+++ b/src/mctc/version.F90
@@ -23,10 +23,10 @@ module mctc_version
 
 
    !> String representation of the mctc-lib version
-   character(len=*), parameter :: mctc_version_string = "0.5.0"
+   character(len=*), parameter :: mctc_version_string = "0.5.1"
 
    !> Numeric representation of the mctc-lib version
-   integer, parameter :: mctc_version_compact(3) = [0, 5, 0]
+   integer, parameter :: mctc_version_compact(3) = [0, 5, 1]
 
 
    !> With support for JSON