diff --git a/CHANGELOG.md b/CHANGELOG.md
index 803d884322..5c0aa152dc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,10 @@
 > - :nail_care: [Polish]
 > - :house: [Internal]
 
+# 12.3.0
+
+No changes compared to 12.3.0-beta.1.
+
 # 12.3.0-beta.1
 
 #### :rocket: New Feature
diff --git a/compiler/common/bs_version.ml b/compiler/common/bs_version.ml
index 5d43340f4a..9a7ea1c30f 100644
--- a/compiler/common/bs_version.ml
+++ b/compiler/common/bs_version.ml
@@ -21,5 +21,5 @@
  * You should have received a copy of the GNU Lesser General Public License
  * along with this program; if not, write to the Free Software
  * Foundation, Inc., 59 Temple Place - Suite 330, Boston, MA 02111-1307, USA. *)
-let version = "12.3.0-beta.1"
+let version = "12.3.0"
 let header = "// Generated by ReScript, PLEASE EDIT WITH CARE"
diff --git a/package.json b/package.json
index 773f2d738e..84d4ac69d9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "rescript",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript toolchain",
   "type": "module",
   "keywords": [
diff --git a/packages/@rescript/darwin-arm64/package.json b/packages/@rescript/darwin-arm64/package.json
index 71674eefd1..f76e3b499c 100644
--- a/packages/@rescript/darwin-arm64/package.json
+++ b/packages/@rescript/darwin-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/darwin-arm64",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript binaries for MacOS ARM64",
   "type": "module",
   "license": "(LGPL-3.0-or-later AND MIT)",
diff --git a/packages/@rescript/darwin-x64/package.json b/packages/@rescript/darwin-x64/package.json
index 638f9d5e2a..34848583cb 100644
--- a/packages/@rescript/darwin-x64/package.json
+++ b/packages/@rescript/darwin-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/darwin-x64",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript binaries for MacOS x86_64",
   "type": "module",
   "license": "(LGPL-3.0-or-later AND MIT)",
diff --git a/packages/@rescript/linux-arm64/package.json b/packages/@rescript/linux-arm64/package.json
index 3f7c1b4300..3486e6144f 100644
--- a/packages/@rescript/linux-arm64/package.json
+++ b/packages/@rescript/linux-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/linux-arm64",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript binaries for Linux ARM64",
   "type": "module",
   "license": "(LGPL-3.0-or-later AND MIT)",
diff --git a/packages/@rescript/linux-x64/package.json b/packages/@rescript/linux-x64/package.json
index d08ff1c430..efcbcdb344 100644
--- a/packages/@rescript/linux-x64/package.json
+++ b/packages/@rescript/linux-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/linux-x64",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript binaries for Linux x86_64",
   "type": "module",
   "license": "(LGPL-3.0-or-later AND MIT)",
diff --git a/packages/@rescript/runtime/package.json b/packages/@rescript/runtime/package.json
index c3485a0d7f..6020ea0d00 100644
--- a/packages/@rescript/runtime/package.json
+++ b/packages/@rescript/runtime/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/runtime",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript runtime modules",
   "type": "module",
   "license": "MIT",
diff --git a/packages/@rescript/win32-x64/package.json b/packages/@rescript/win32-x64/package.json
index 46253e6231..8a9857c672 100644
--- a/packages/@rescript/win32-x64/package.json
+++ b/packages/@rescript/win32-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rescript/win32-x64",
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "description": "ReScript binaries for Windows x86_64",
   "type": "module",
   "license": "(LGPL-3.0-or-later AND MIT)",
diff --git a/rewatch/Cargo.lock b/rewatch/Cargo.lock
index 96864fe10e..1397372d1c 100644
--- a/rewatch/Cargo.lock
+++ b/rewatch/Cargo.lock
@@ -768,7 +768,7 @@ checksum = "2b15c43186be67a4fd63bee50d0303afffcef381492ebe2c5d87f324e1b8815c"
 
 [[package]]
 name = "rescript"
-version = "12.3.0-beta.1"
+version = "12.3.0"
 dependencies = [
  "ahash",
  "anyhow",
diff --git a/rewatch/Cargo.toml b/rewatch/Cargo.toml
index f4b6759a7e..35576d5719 100644
--- a/rewatch/Cargo.toml
+++ b/rewatch/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rescript"
-version = "12.3.0-beta.1"
+version = "12.3.0"
 edition = "2024"
 rust-version = "1.91"
 
diff --git a/tests/dependencies/rescript-react/package.json b/tests/dependencies/rescript-react/package.json
index cfb15d08bd..6271f397f3 100644
--- a/tests/dependencies/rescript-react/package.json
+++ b/tests/dependencies/rescript-react/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@rescript/react",
   "private": true,
-  "version": "12.3.0-beta.1",
+  "version": "12.3.0",
   "homepage": "https://rescript-lang.org",
   "bugs": "https://github.com/rescript-lang/rescript/issues",
   "repository": {
diff --git a/yarn.config.cjs b/yarn.config.cjs
index 8d2e4804ba..d0a45b6060 100644
--- a/yarn.config.cjs
+++ b/yarn.config.cjs
@@ -14,7 +14,7 @@ const execPromise = util.promisify(exec);
  * @param {Yarn.Constraints.Context} ctx
  */
 async function enforceCompilerMeta({ Yarn }) {
-  const EXPECTED_VERSION = "12.3.0-beta.1";
+  const EXPECTED_VERSION = "12.3.0";
 
   for (const workspace of Yarn.workspaces()) {
     const { ident } = workspace.pkg;