diff --git a/tools/mkimage/Makefile b/tools/mkimage/Makefile
index 0a1712bc67..18d7ea2caa 100644
--- a/tools/mkimage/Makefile
+++ b/tools/mkimage/Makefile
@@ -7,14 +7,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mkimage
-PKG_VERSION:=2024.07
+PKG_VERSION:=2025.01
 
 PKG_SOURCE:=u-boot-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:= \
 	https://mirror.cyberbits.eu/u-boot \
 	https://ftp.denx.de/pub/u-boot \
 	ftp://ftp.denx.de/pub/u-boot
-PKG_HASH:=f591da9ab90ef3d6b3d173766d0ddff90c4ed7330680897486117df390d83c8f
+PKG_HASH:=cdef7d507c93f1bbd9f015ea9bc21fa074268481405501945abc6f854d5b686f
 
 HOST_BUILD_DIR:=$(BUILD_DIR_HOST)/u-boot-$(PKG_VERSION)