diff --git a/helmfiles/system.yaml b/helmfiles/system.yaml
index a2de2df..20567ec 100644
--- a/helmfiles/system.yaml
+++ b/helmfiles/system.yaml
@@ -157,7 +157,7 @@ releases:
   - name: velero
     chart: vmware-tanzu/velero
     namespace: velero
-    version: 9.0.1
+    version: 9.0.3
     condition: velero.enabled
     inherit:
       - template: common-values-tpl