diff --git a/devel/rubygem-timeout/Makefile b/devel/rubygem-timeout/Makefile
index d262f3c96cb5..f9eec1e58c8a 100644
--- a/devel/rubygem-timeout/Makefile
+++ b/devel/rubygem-timeout/Makefile
@@ -1,19 +1,19 @@
 PORTNAME=	timeout
-PORTVERSION=	0.4.4
+PORTVERSION=	0.5.0
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Auto-terminate potentially long-running operations in Ruby
 WWW=		https://github.com/ruby/timeout
 
 LICENSE=	BSD2CLAUSE RUBY
 LICENSE_COMB=	dual
 LICENSE_FILE_BSD2CLAUSE=${WRKSRC}/BSDL
 LICENSE_FILE_RUBY=	${WRKSRC}/COPYING
 
 USES=		gem
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/rubygem-timeout/distinfo b/devel/rubygem-timeout/distinfo
index a8a0394929c6..b36406edf17c 100644
--- a/devel/rubygem-timeout/distinfo
+++ b/devel/rubygem-timeout/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1762587424
-SHA256 (rubygem/timeout-0.4.4.gem) = f0f6f970104b82427cd990680f539b6bbb8b1e55efa913a55c6492935e4e0edb
-SIZE (rubygem/timeout-0.4.4.gem) = 9728
+TIMESTAMP = 1765895814
+SHA256 (rubygem/timeout-0.5.0.gem) = 852aefd13f41d84c2d0d83099b275034c6517395884b58e635acc8847c9190cb
+SIZE (rubygem/timeout-0.5.0.gem) = 9728