diff --git a/api/bolt/migrator/migrate_dbversion23.go b/api/bolt/migrator/migrate_dbversion23.go
index 01c97d152..f106038b5 100644
--- a/api/bolt/migrator/migrate_dbversion23.go
+++ b/api/bolt/migrator/migrate_dbversion23.go
@@ -1,20 +1,6 @@
 package migrator
 
-import (
-	"github.com/portainer/portainer/api"
-)
-
 func (m *Migrator) updateSettingsToDB24() error {
-	legacySettings, err := m.settingsService.Settings()
-	if err != nil {
-		return err
-	}
-
-	if legacySettings.TemplatesURL == "" {
-		legacySettings.TemplatesURL = portainer.DefaultTemplatesURL
-	}
-
-	legacySettings.UserSessionTimeout = portainer.DefaultUserSessionTimeout
-
-	return m.settingsService.UpdateSettings(legacySettings)
+	// Placeholder for 1.24.1 backports
+	return nil
 }
diff --git a/api/bolt/migrator/migrate_dbversion24.go b/api/bolt/migrator/migrate_dbversion24.go
new file mode 100644
index 000000000..d1dc5f0cf
--- /dev/null
+++ b/api/bolt/migrator/migrate_dbversion24.go
@@ -0,0 +1,20 @@
+package migrator
+
+import (
+	"github.com/portainer/portainer/api"
+)
+
+func (m *Migrator) updateSettingsToDB25() error {
+	legacySettings, err := m.settingsService.Settings()
+	if err != nil {
+		return err
+	}
+
+	if legacySettings.TemplatesURL == "" {
+		legacySettings.TemplatesURL = portainer.DefaultTemplatesURL
+	}
+
+	legacySettings.UserSessionTimeout = portainer.DefaultUserSessionTimeout
+
+	return m.settingsService.UpdateSettings(legacySettings)
+}
diff --git a/api/bolt/migrator/migrator.go b/api/bolt/migrator/migrator.go
index a933b6519..598681f28 100644
--- a/api/bolt/migrator/migrator.go
+++ b/api/bolt/migrator/migrator.go
@@ -321,7 +321,7 @@ func (m *Migrator) Migrate() error {
 		}
 	}
 
-	// Portainer 2.0
+	// Portainer 1.24.1
 	if m.currentDBVersion < 24 {
 		err := m.updateSettingsToDB24()
 		if err != nil {
@@ -329,5 +329,13 @@ func (m *Migrator) Migrate() error {
 		}
 	}
 
+	// Portainer 2.0
+	if m.currentDBVersion < 25 {
+		err := m.updateSettingsToDB25()
+		if err != nil {
+			return err
+		}
+	}
+
 	return m.versionService.StoreDBVersion(portainer.DBVersion)
 }
diff --git a/api/portainer.go b/api/portainer.go
index 428b07c97..fa2a8afcc 100644
--- a/api/portainer.go
+++ b/api/portainer.go
@@ -1118,7 +1118,7 @@ const (
 	// APIVersion is the version number of the Portainer API
 	APIVersion = "2.0.0-dev"
 	// DBVersion is the version number of the Portainer database
-	DBVersion = 24
+	DBVersion = 25
 	// AssetsServerURL represents the URL of the Portainer asset server
 	AssetsServerURL = "https://portainer-io-assets.sfo2.digitaloceanspaces.com"
 	// MessageOfTheDayURL represents the URL where Portainer MOTD message can be retrieved