diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 25ad08afe..ebad393a2 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.0.2
+current_version = 1.0.3
 
 [bumpversion:file:VERSION]
 
diff --git a/CITATION.cff b/CITATION.cff
index f13386b17..caee20bb3 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -28,7 +28,7 @@ authors:
 title: "Open Energy Family - Open Energy Platform (OEP)"
 type: software
 license: AGPL-3.0-or-later
-version: 1.0.2
+version: 1.0.3
 doi:
-date-released: 2024-09-24
+date-released: 2024-09-25
 url: "https://github.com/OpenEnergyPlatform/oeplatform/"
diff --git a/VERSION b/VERSION
index 6d7de6e6a..21e8796a0 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.0.2
+1.0.3
diff --git a/oeo_ext/oeo_extended_store/oeox_template/oeo_ext_template_empty.owl b/oeo_ext/oeo_extended_store/oeox_template/oeo_ext_template_empty.owl
index fdf4c8b30..c0a04776c 100644
--- a/oeo_ext/oeo_extended_store/oeox_template/oeo_ext_template_empty.owl
+++ b/oeo_ext/oeo_extended_store/oeox_template/oeo_ext_template_empty.owl
@@ -9,7 +9,7 @@
          xmlns:term="http://purl.org/dc/terms/">
 
 <owl:Ontology rdf:about="http://openenergy-platform.org/ontology/oeox">
-  <owl:imports rdf:resource="http://openenergy-platform.org/ontology/oeo/releases/2.4.0/oeo-full.owl"/>
+  <owl:imports rdf:resource="http://openenergy-platform.org/ontology/oeo/releases/2.5.0/oeo-full.owl"/>
   <dc:description rdf:datatype="http://www.w3.org/2001/XMLSchema#string">The Open Energy Ontology Extended (OEOX) extends the Open Energy Ontology. It contains compositions of terms that are too specific for the OEO.</dc:description>
   <term:license rdf:datatype="http://www.w3.org/2001/XMLSchema#string">http://creativecommons.org/publicdomain/zero/1.0/</term:license>
   <term:title rdf:datatype="http://www.w3.org/2001/XMLSchema#string">Open Energy Ontology Extended (OEOX)</term:title>
diff --git a/oeplatform/__init__.py b/oeplatform/__init__.py
index 7863915fa..976498ab9 100644
--- a/oeplatform/__init__.py
+++ b/oeplatform/__init__.py
@@ -1 +1 @@
-__version__ = "1.0.2"
+__version__ = "1.0.3"
diff --git a/versions/changelogs/1_0_3.md b/versions/changelogs/1_0_3.md
new file mode 100644
index 000000000..251ab72bd
--- /dev/null
+++ b/versions/changelogs/1_0_3.md
@@ -0,0 +1,11 @@
+# Changes to the oeplatform code
+
+## Changes
+
+- Update the oeo version in the oeo-extended template as oeo-v2.5.0 was released [(#1871)](https://github.com/OpenEnergyPlatform/oeplatform/pull/1871)
+
+## Features
+
+## Bugs
+
+## Documentation updates