diff --git a/.github/workflows/reusable_package_mage.yaml b/.github/workflows/reusable_package_mage.yaml
index a03da7cbf..783369399 100644
--- a/.github/workflows/reusable_package_mage.yaml
+++ b/.github/workflows/reusable_package_mage.yaml
@@ -250,9 +250,9 @@ jobs:
       - name: Build docker image
         run: |
           if [[ "${{ inputs.arch }}" == "arm64" ]]; then
-            MGBUILD_IMAGE=memgraph/mgbuild:v6_ubuntu-24.04-arm
+            MGBUILD_IMAGE=memgraph/mgbuild:v7_ubuntu-24.04-arm
           else
-            MGBUILD_IMAGE=memgraph/mgbuild:v6_ubuntu-24.04
+            MGBUILD_IMAGE=memgraph/mgbuild:v7_ubuntu-24.04
           fi
 
           echo "Using base image: $MGBUILD_IMAGE"
diff --git a/.github/workflows/reusable_test.yml b/.github/workflows/reusable_test.yml
index f530dfb47..fc2516a30 100644
--- a/.github/workflows/reusable_test.yml
+++ b/.github/workflows/reusable_test.yml
@@ -203,9 +203,9 @@ jobs:
       - name: Build and run Memgraph MAGE
         run: |
           if [[ "${{ inputs.arch }}" == "arm64" ]]; then
-            MGBUILD_IMAGE=memgraph/mgbuild:v6_ubuntu-24.04-arm
+            MGBUILD_IMAGE=memgraph/mgbuild:v7_ubuntu-24.04-arm
           else
-            MGBUILD_IMAGE=memgraph/mgbuild:v6_ubuntu-24.04
+            MGBUILD_IMAGE=memgraph/mgbuild:v7_ubuntu-24.04
           fi
 
           # target is always "prod" now, we convert to dev container afterwards
diff --git a/Dockerfile.release b/Dockerfile.release
index 5b6d93e9d..1e502b75d 100644
--- a/Dockerfile.release
+++ b/Dockerfile.release
@@ -102,7 +102,7 @@ RUN python3 -m pip install --no-cache-dir -r /mage/python/requirements.txt --bre
 
 # Build query modules
 SHELL ["/bin/bash", "-c"]
-RUN source /opt/toolchain-v6/activate && curl https://sh.rustup.rs -sSf | sh -s -- -y \
+RUN source /opt/toolchain-v7/activate && curl https://sh.rustup.rs -sSf | sh -s -- -y \
     && export PATH="$HOME/.cargo/bin:${PATH}" \
     && rustup toolchain install 1.85 \
     && rustup default 1.85 \
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index cd6dd03ab..d0eb611e2 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -46,7 +46,7 @@ ExternalProject_Add(gtest-proj
   PREFIX ${GTEST_ROOT}
   INSTALL_DIR ${GTEST_ROOT}
   GIT_REPOSITORY https://github.com/google/googletest.git
-  GIT_TAG release-1.11.0
+  GIT_TAG v1.16.0
   CMAKE_ARGS "-DCMAKE_INSTALL_PREFIX=<INSTALL_DIR>"
   "-DCMAKE_C_COMPILER=${CMAKE_C_COMPILER}"
   "-DCMAKE_CXX_COMPILER=${CMAKE_CXX_COMPILER}"
@@ -78,7 +78,7 @@ ExternalProject_Add(mgclient-proj
   PREFIX ${MGCLIENT_ROOT}
   INSTALL_DIR ${MGCLIENT_ROOT}
   GIT_REPOSITORY https://github.com/memgraph/mgclient.git
-  GIT_TAG v1.4.2
+  GIT_TAG v1.4.3
   CMAKE_ARGS "-DCMAKE_INSTALL_PREFIX=<INSTALL_DIR>"
   "-DCMAKE_CXX_COMPILER=${CMAKE_CXX_COMPILER}"
   "-DCMAKE_C_COMPILER=${CMAKE_C_COMPILER}"
@@ -102,7 +102,7 @@ target_include_directories(mg_utility INTERFACE ${CMAKE_SOURCE_DIR}/memgraph/inc
 
 FetchContent_Declare(fmt
   GIT_REPOSITORY https://github.com/fmtlib/fmt.git
-  GIT_TAG 9.1.0
+  GIT_TAG 11.2.0
 )
 FetchContent_MakeAvailable(fmt)
 
diff --git a/make-dev-container.sh b/make-dev-container.sh
index 45c316d96..e23c754cd 100755
--- a/make-dev-container.sh
+++ b/make-dev-container.sh
@@ -48,7 +48,7 @@ get_toolchain_url() {
 }
 
 
-toolchain_version=6
+toolchain_version=7
 TOOLCHAIN_URL=$(get_toolchain_url "$toolchain_version")
 echo "Downloading toolchain from: $TOOLCHAIN_URL"
 # Download the toolchain using curl