diff --git a/dependencies.json b/dependencies.json
index 757955a..6d817aa 100644
--- a/dependencies.json
+++ b/dependencies.json
@@ -3,7 +3,7 @@
     "azimuth-images": "0.10.0",
     "cluster-api": "v1.7.1",
     "cluster-api-janitor-openstack": "0.5.6",
-    "cluster-api-provider-openstack": "v0.10.1",
+    "cluster-api-provider-openstack": "v0.10.3",
     "cert-manager": "v1.14.5",
     "helm": "v3.14.4",
     "sonobuoy": "v0.57.1"