diff --git a/CMakeLists.txt b/CMakeLists.txt
index e49b8d38850e0c893b48e9852de44a47be293907..ba75c08afccbfea057856b20a24801c2cd3607c7 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -11,7 +11,7 @@
 
 cmake_minimum_required(VERSION 3.15)
 
-project(Rec VERSION 38.8
+project(Rec VERSION 38.8.1
 	LANGUAGES CXX)
 
 # Enable testing with CTest/CDash
diff --git a/ReleaseNotes/v38r8p1.md b/ReleaseNotes/v38r8p1.md
new file mode 100644
index 0000000000000000000000000000000000000000..93e86a5240eca4d2e479634abed60edf38b734b0
--- /dev/null
+++ b/ReleaseNotes/v38r8p1.md
@@ -0,0 +1,35 @@
+2025-07-19 Rec v38r8p1
+===
+
+This version uses
+Lbcom [v37r8](../../../../Lbcom/-/tags/v37r8),
+LHCb [v57r8](../../../../LHCb/-/tags/v57r8),
+Gaudi [v39r4](../../../../Gaudi/-/tags/v39r4),
+Detector [v3r3p2](../../../../Detector/-/tags/v3r3p2) 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 [v38r8](/../../tags/v38r8), with the following changes:
+
+### New features ~"new feature"
+
+
+
+### Fixes ~"bug fix" ~workaround
+
+- ~Functors | Fix decay time computation used for LTIME functor, !4492 (@wouter)
+
+
+### Enhancements ~enhancement
+
+
+
+### Code cleanups and changes to tests ~modernisation ~cleanup ~testing
+
+
+
+### Documentation ~Documentation
+
+
+### Other
+