diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0529db2aa5..fc2d3563a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+## [147.2.0](https://github.com/Sage/carbon/compare/v147.1.0...v147.2.0) (2025-02-03)
+
+
+### Features
+
+* **portrait, profile:** allows custom colours to be set on the Portrait and Profile components ([9e20799](https://github.com/Sage/carbon/commit/9e2079973f20fe5671547ed78e599593ce9c2c77))
+
 ## [147.1.0](https://github.com/Sage/carbon/compare/v147.0.1...v147.1.0) (2025-02-03)
 
 
diff --git a/package-lock.json b/package-lock.json
index c24669df95..f4b8466727 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "carbon-react",
-  "version": "147.1.0",
+  "version": "147.2.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "carbon-react",
-      "version": "147.1.0",
+      "version": "147.2.0",
       "hasInstallScript": true,
       "license": "Apache-2.0",
       "dependencies": {
diff --git a/package.json b/package.json
index 47e22cb90a..b1d13dd0b2 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carbon-react",
-  "version": "147.1.0",
+  "version": "147.2.0",
   "description": "A library of reusable React components for easily building user interfaces.",
   "files": [
     "lib",