diff --git a/math/R-cran-MatrixModels/Makefile b/math/R-cran-MatrixModels/Makefile
index 3eeaa1bfd7b2..c96bc5b0b7d9 100644
--- a/math/R-cran-MatrixModels/Makefile
+++ b/math/R-cran-MatrixModels/Makefile
@@ -1,14 +1,14 @@
 PORTNAME=	MatrixModels
-DISTVERSION=	0.5-1
+DISTVERSION=	0.5-3
 CATEGORIES=	math
 DISTNAME=	${PORTNAME}_${DISTVERSION}
 
 MAINTAINER=	tota@FreeBSD.org
 COMMENT=	Modelling with Sparse And Dense Matrices
 WWW=		https://cran.r-project.org/web/packages/MatrixModels/
 
 LICENSE=	GPLv2+
 
 USES=		cran:auto-plist
 
 .include <bsd.port.mk>
diff --git a/math/R-cran-MatrixModels/distinfo b/math/R-cran-MatrixModels/distinfo
index 5835c42ca754..b95d5f9546ee 100644
--- a/math/R-cran-MatrixModels/distinfo
+++ b/math/R-cran-MatrixModels/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1682470044
-SHA256 (MatrixModels_0.5-1.tar.gz) = 3fc55bdfa5ab40c75bf395e90983d14c9715078c33c727c1658e4e1f36e43ea9
-SIZE (MatrixModels_0.5-1.tar.gz) = 24022
+TIMESTAMP = 1699428183
+SHA256 (MatrixModels_0.5-3.tar.gz) = c2db5406c6b0b9d348b44eea215a39c64fc087099fea1342a04d50326577f20f
+SIZE (MatrixModels_0.5-3.tar.gz) = 24822