diff --git a/graphics/cgif/Makefile b/graphics/cgif/Makefile
index 2fd45fff1634..f02d91b288c4 100644
--- a/graphics/cgif/Makefile
+++ b/graphics/cgif/Makefile
@@ -1,5 +1,5 @@
 PORTNAME=	cgif
-PORTVERSION=	0.4.1
+PORTVERSION=	0.5.0
 DISTVERSIONPREFIX=	v
 CATEGORIES=	graphics
 
diff --git a/graphics/cgif/distinfo b/graphics/cgif/distinfo
index ec12bd43ab47..ec0e4a54e046 100644
--- a/graphics/cgif/distinfo
+++ b/graphics/cgif/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1718784540
-SHA256 (dloebl-cgif-v0.4.1_GH0.tar.gz) = 8666f9c5f8123d1c22137a6dd714502a330377fb74e2007621926fe4258529d5
-SIZE (dloebl-cgif-v0.4.1_GH0.tar.gz) = 38677
+TIMESTAMP = 1739663341
+SHA256 (dloebl-cgif-v0.5.0_GH0.tar.gz) = d6cb312c7da2c6c9f310811aa3658120c0316ba130c48a012e7baf3698920fe9
+SIZE (dloebl-cgif-v0.5.0_GH0.tar.gz) = 39882