diff --git a/projects/core/project.yml b/projects/core/project.yml
index 03117329..da4a17f4 100644
--- a/projects/core/project.yml
+++ b/projects/core/project.yml
@@ -59,4 +59,4 @@ apps:
   existingNamespace: kube-system
   repoURL: https://helm.cilium.io
   chart: cilium
-  targetRevision: 1.12.2
+  targetRevision: 1.12.3