diff --git a/requirements.txt b/requirements.txt
index 2d183dd0d..3a98b36bd 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -7,7 +7,7 @@
 
 pip == 25.0.1          # pip is the package installer for Python
 setuptools == 75.8.0   # for building Python packages
-pyelftools == 0.31     # for building U-Boot
+pyelftools == 0.32     # for building U-Boot
 unidiff == 0.7.5       # for parsing unified diff
 GitPython == 3.1.44    # for manipulating git repos
 unidecode == 1.3.8     # for converting strings to ascii