diff --git a/CMakeLists.txt b/CMakeLists.txt
index ba75c08afccbfea057856b20a24801c2cd3607c7..7bea335e5f1a39b44a3825cf4c01aa278ed1d40d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -11,7 +11,7 @@
 
 cmake_minimum_required(VERSION 3.15)
 
-project(Rec VERSION 38.8.1
+project(Rec VERSION 38.9
 	LANGUAGES CXX)
 
 # Enable testing with CTest/CDash
diff --git a/ReleaseNotes/v38r9.md b/ReleaseNotes/v38r9.md
new file mode 100644
index 0000000000000000000000000000000000000000..7f277fb901824d38c1e3f71ee8806a4407e47926
--- /dev/null
+++ b/ReleaseNotes/v38r9.md
@@ -0,0 +1,40 @@
+2025-08-10 Rec v38r9
+===
+
+This version uses
+Lbcom [v37r9](../../../../Lbcom/-/tags/v37r9),
+LHCb [v57r9](../../../../LHCb/-/tags/v57r9),
+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
+
+- ~Composites | Fix error in indexing in DecayLengthSignificance function, !4508 (@wouter)
+- ~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
+
+- Fix gilatb pipeline on 2025-patches, !4514 (@msaur)
+- Update References for: LHCb!5179, Rec!4469, Allen!2089, Moore!5073, Alignment!688 based on lhcb-2025-patches-mr/633, !4513 (@lhcbsoft)
+- Prepare Rec v38r8p1, !4507 (@msaur)
+- Backward compatible changes to be able to build with Gaudi v40, !4469 (@clemenci)