diff --git a/lang/lfortran/Makefile b/lang/lfortran/Makefile
index 04c2e99bf9b0..e099bc48db32 100644
--- a/lang/lfortran/Makefile
+++ b/lang/lfortran/Makefile
@@ -1,6 +1,6 @@
 PORTNAME=	lfortran
 DISTVERSIONPREFIX=	v
-DISTVERSION=	0.30.0
+DISTVERSION=	0.31.0
 CATEGORIES=	lang
 
 MAINTAINER=	fortran@FreeBSD.org
diff --git a/lang/lfortran/distinfo b/lang/lfortran/distinfo
index 7cf92776d6da..6a4f6e2038a4 100644
--- a/lang/lfortran/distinfo
+++ b/lang/lfortran/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1704443172
-SHA256 (lfortran-lfortran-v0.30.0_GH0.tar.gz) = 672d212456308db151210a1248a50b68e6f86658b78a2fe441626003b6039262
-SIZE (lfortran-lfortran-v0.30.0_GH0.tar.gz) = 2488225
+TIMESTAMP = 1706111722
+SHA256 (lfortran-lfortran-v0.31.0_GH0.tar.gz) = 0af63b03b479bdf8926f8cd691095dcef7c0bab923617a9f0b9f7110c929713c
+SIZE (lfortran-lfortran-v0.31.0_GH0.tar.gz) = 2524597