diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1f7dc2fc7..508372559 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,12 @@ All notable changes to this project will be documented in this file.
 
 ## Unreleased
 
+## [0.116.3] - 2026-01-19
+
+### Fixed
+
+- IAM memberships migration for entity ID
+
 ## [0.116.2] - 2026-01-19
 
 ### Changed
diff --git a/GNUmakefile b/GNUmakefile
index b6e3675ee..01dfdfc6c 100644
--- a/GNUmakefile
+++ b/GNUmakefile
@@ -19,7 +19,7 @@ DOCKER_BUILD=	DOCKER_BUILDKIT=1 $(DOCKER) build $(DOCKER_BUILD_FLAGS)
 
 DOCKER_COMPOSE=	$(DOCKER) compose -f compose.yaml $(DOCKER_COMPOSE_FLAGS)
 
-VERSION=	0.116.2
+VERSION=	0.116.3
 LDFLAGS=	-ldflags "-X 'main.version=$(VERSION)' -X 'main.env=prod'"
 GCFLAGS=	-gcflags="-e"