diff --git a/CMakeLists.txt b/CMakeLists.txt
index febaea5e3dc8b0a18d002364c7d3d9398a9345cc..7b7f701fe20bea335ec8e240a15d4cc6f0f1d738 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -11,7 +11,7 @@
 
 cmake_minimum_required(VERSION 3.15)
 
-project(Rec VERSION 38.6
+project(Rec VERSION 38.7
 	LANGUAGES CXX)
 
 # Enable testing with CTest/CDash
diff --git a/ReleaseNotes/v38r7.md b/ReleaseNotes/v38r7.md
new file mode 100644
index 0000000000000000000000000000000000000000..56d2790d269e7e2018c65d890fa0ac388d45736e
--- /dev/null
+++ b/ReleaseNotes/v38r7.md
@@ -0,0 +1,44 @@
+2025-06-27 Rec v38r7
+===
+
+This version uses
+Lbcom [v37r7](../../../../Lbcom/-/tags/v37r7),
+LHCb [v57r7](../../../../LHCb/-/tags/v57r7),
+Gaudi [v39r4](../../../../Gaudi/-/tags/v39r4),
+Detector [v3r3p1](../../../../Detector/-/tags/v3r3p1) and
+LCG [106c](http://lcginfo.cern.ch/release/106c/) with ROOT 6.32.10.
+
+This version is released on the `2025-patches` branch.
+Built relative to Rec [v38r6](/../../tags/v38r6), with the following changes:
+
+### New features ~"new feature"
+
+
+
+### Fixes ~"bug fix" ~workaround
+
+- ~Functors | Add missing `decltype(auto)`, !4417 (@graven) [#615]
+- Put cloned vertices on the TES, !4423 (@ahennequ)
+
+
+### Enhancements ~enhancement
+
+
+
+### Code cleanups and changes to tests ~modernisation ~cleanup ~testing
+
+
+
+### Documentation ~Documentation
+
+
+### Other
+
+- ~Tracking | Update ghost prob counters in TBTC, !4361 (@decianm)
+- ~Monitoring | Bug fix in VertexCompare where histgrams were corrupted, !4393 (@sponce)
+- ~Monitoring | Update TrackVertexMonitor and revive TrackMonitorNT, !4322 (@wouter)
+- ~Monitoring ~Luminosity | Update Plume TAE plots and add LED monitoring, !4339 (@fferrari)
+- ~Luminosity | Adding Backwards Tracks variable in Lumi PV tupling, !4399 (@allightb)
+- Update References for: Rec!4339, MooreOnline!587 based on lhcb-2025-patches-mr/460, !4452 (@lhcbsoft)
+- [2025-patches] Move pre-commit check for copyright notice, !4420 (@cburr)
+- Add unbiased residual monitor for UT in 2025-patches, !4018 (@hawu)