diff --git a/devel/p4/Makefile.inc b/devel/p4/Makefile.inc
index 99496e779c8b..9594c3f6c73c 100644
--- a/devel/p4/Makefile.inc
+++ b/devel/p4/Makefile.inc
@@ -1,7 +1,7 @@
 P4VERSION?=	r${PORTVERSION:S/^20//:C/\.[0-9]+$//}
-YEAR=		2024
-MAJOR=		2
-MINOR=		2726408
+YEAR=		2025
+MAJOR=		1
+MINOR=		2761706
 
 JAM?=		${LOCALBASE}/bin/jam
 OSVER?=		${OSREL:S/.//}
diff --git a/devel/p4/distinfo b/devel/p4/distinfo
index f4ba36bc5cc2..6890717344b4 100644
--- a/devel/p4/distinfo
+++ b/devel/p4/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1741145515
-SHA256 (p4source-2726408.tgz) = 97b1c2c98a895cc08978db4b9f9fed60e0adaad6ca220e05462f54da4047fb4c
-SIZE (p4source-2726408.tgz) = 6892301
+TIMESTAMP = 1749096394
+SHA256 (p4source-2761706.tgz) = a6fef998a8894a50f7776a124544be3de7d87b94eb890e5ef3f9235e8f7274d2
+SIZE (p4source-2761706.tgz) = 6994039
diff --git a/devel/p4/pkg-descr b/devel/p4/pkg-descr
index d2284a3eea8e..321a2df50448 100644
--- a/devel/p4/pkg-descr
+++ b/devel/p4/pkg-descr
@@ -1,12 +1,12 @@
 Perforce is a commercial revision control system. This is the command
 line client which works with servers remotely or locally.
 The clients and the api for Perforce is freely available.
 
 This build does not support the "Extensions" feature.
 
 The server is no longer available for FreeBSD but the Linux version
 should work. There is a limited free use level and non-profit
 organizations might qualify for free licencing.
 
 See "p4 -V" for more licensing and version information.
-See https://ftp.perforce.com/perforce/r24.2/doc/user/ for release notes.
+See https://ftp.perforce.com/perforce/r25.1/doc/user/ for release notes.
diff --git a/devel/p4api/Makefile b/devel/p4api/Makefile
index 31f911a02c16..35b959bd81d2 100644
--- a/devel/p4api/Makefile
+++ b/devel/p4api/Makefile
@@ -1,57 +1,57 @@
 PORTNAME=	p4api
 PORTVERSION=	${YEAR}.${MAJOR}.${MINOR}
 CATEGORIES=	devel
 # Perforce does not version their distfiles when they patch.
 # This does not play well with FreeBSD's conventions.
 MASTER_SITES=	https://ftp.perforce.com/perforce/${P4VERSION}/bin.tools/p4source${EXTRACT_SUFX}?dummy=/ \
-		https://hesiod.org/distfiles/perforce
+		https://hesiod.org/distfiles/perforce/
 DISTNAME=	p4source-${MINOR}
 
 MAINTAINER=	antonfb@hesiod.org
 COMMENT=	Perforce API (static libraries and header files)
 WWW=		https://www.perforce.com/products/helix-core
 
 LICENSE=	BSD2CLAUSE
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${JAM}:devel/jam
 
 USES=		tar:tgz
 
 PATCHDIR=	${.CURDIR}/../p4/files
 
 DISTINFO_FILE=	${.CURDIR}/../p4/distinfo
 
 OPTIONS_DEFINE=	EXAMPLES
 
 WRKSRC=		${WRKDIR}/p4source-${PORTVERSION}
 
 .include <bsd.port.pre.mk>
 .include "../p4/Makefile.inc"
 
 do-build:
 	cd ${WRKSRC} && ${SETENV} C++="${CXX}" C++FLAGS="${CXXFLAGS}" \
 		CCFLAGS="${CFLAGS}" \
 		LINKFLAGS="${LDFLAGS}" \
 		OSVER=${OSVER} \
 		API=1 \
 		SSL="yes" \
 		SSLVER="1.1.1" \
 		SSLLIB=-lssl \
 		CRYPTOLIB=-lcrypto \
 		TYPE=pic \
 		USE_EXTENSIONS=0 \
 		USE_OPTIMIZED_ZLIB=0 \
 		${JAM} -dx -j${MAKE_JOBS_NUMBER} p4api p4api.tar
 
 do-install:
 	${MKDIR} ${STAGEDIR}${PREFIX}/include/perforce
 	cd ${WRKSRC}/p4-bin/bin.pic/p4api-*/include/p4 && ${COPYTREE_SHARE} . ${STAGEDIR}${PREFIX}/include/perforce
 	${MKDIR} ${STAGEDIR}${PREFIX}/lib/perforce
 	cd ${WRKSRC}/p4-bin/bin.pic/p4api-*/lib && ${COPYTREE_SHARE} . ${STAGEDIR}${PREFIX}/lib/perforce
 
 do-install-EXAMPLES-on:
 	${MKDIR} ${STAGEDIR}${EXAMPLESDIR}
 	cd ${WRKSRC}/p4-bin/bin.pic/p4api-*/sample && ${COPYTREE_SHARE} . ${STAGEDIR}${EXAMPLESDIR}
 
 .include <bsd.port.post.mk>