diff --git a/CHANGELOG.md b/CHANGELOG.md
index 25948999..d91a9544 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+Version 0.54.1
+-------------
+
+**Bugfixes**
+- Fix testcase duration parsing from `XCResult` bundle when using Xcode 16.0+. [PR #433](https://github.com/codemagic-ci-cd/cli-tools/pull/433)
+
 Version 0.54.0
 -------------
 
diff --git a/pyproject.toml b/pyproject.toml
index f9a06334..b5163937 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "codemagic-cli-tools"
-version = "0.54.0"
+version = "0.54.1"
 description = "CLI tools used in Codemagic builds"
 readme = "README.md"
 authors = [
diff --git a/src/codemagic/__version__.py b/src/codemagic/__version__.py
index eeb532ca..631b097c 100644
--- a/src/codemagic/__version__.py
+++ b/src/codemagic/__version__.py
@@ -1,5 +1,5 @@
 __title__ = "codemagic-cli-tools"
 __description__ = "CLI tools used in Codemagic builds"
-__version__ = "0.54.0.dev"
+__version__ = "0.54.1.dev"
 __url__ = "https://github.com/codemagic-ci-cd/cli-tools"
 __licence__ = "GNU General Public License v3.0"