diff --git a/CHANGELOG.md b/CHANGELOG.md
index af44cce0b9..43546c1817 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,52 @@
+Changes in [1.12.7](https://github.com/element-hq/element-web/releases/tag/v1.12.7) (2025-12-16)
+================================================================================================
+## ✨ Features
+
+* Replace legacy icons with compound ([#31424](https://github.com/element-hq/element-web/pull/31424)). Contributed by @t3chguy.
+* Update polls UX to match EX Mobile and improve accessibility ([#31245](https://github.com/element-hq/element-web/pull/31245)). Contributed by @langleyd.
+* Add option to enable read receipt and marker when user interact with UI ([#31353](https://github.com/element-hq/element-web/pull/31353)). Contributed by @florianduros.
+* Introduce a hook to auto dispose view models ([#31178](https://github.com/element-hq/element-web/pull/31178)). Contributed by @MidhunSureshR.
+* Update settings toggles to use consistent design across app. ([#30169](https://github.com/element-hq/element-web/pull/30169)). Contributed by @Half-Shot.
+* Add ability to the room view to hide widgets ([#31400](https://github.com/element-hq/element-web/pull/31400)). Contributed by @langleyd.
+* call: Pass the echo cancellation and noise suppression settings to EC ([#31317](https://github.com/element-hq/element-web/pull/31317)). Contributed by @BillCarsonFr.
+* Tweak rendering of icons for a11y ([#31358](https://github.com/element-hq/element-web/pull/31358)). Contributed by @t3chguy.
+* Implement new `renderNotificationDecoration` from module API ([#31389](https://github.com/element-hq/element-web/pull/31389)). Contributed by @MidhunSureshR.
+* Replace more icons with compound ([#31381](https://github.com/element-hq/element-web/pull/31381)). Contributed by @t3chguy.
+* Replace more icons with compound ([#31378](https://github.com/element-hq/element-web/pull/31378)). Contributed by @t3chguy.
+* ``: Hide `Dismiss` button if `onClose` handler is not provided. ([#31362](https://github.com/element-hq/element-web/pull/31362)). Contributed by @kaylendog.
+* Replace batch of legacy icons with compound design tokens ([#31360](https://github.com/element-hq/element-web/pull/31360)). Contributed by @t3chguy.
+* MSC4380: Invite blocking ([#31268](https://github.com/element-hq/element-web/pull/31268)). Contributed by @richvdh.
+* Tweak rendering of icons for accessibility ([#31346](https://github.com/element-hq/element-web/pull/31346)). Contributed by @t3chguy.
+* Implement a shared `Banner` component. ([#31266](https://github.com/element-hq/element-web/pull/31266)). Contributed by @kaylendog.
+* Allow the Login screen to use the dark theme ([#31293](https://github.com/element-hq/element-web/pull/31293)). Contributed by @richvdh.
+
+## 🐛 Bug Fixes
+
+* [Backport staging] Amend e2e normal icon from lock-solid to info ([#31559](https://github.com/element-hq/element-web/pull/31559)). Contributed by @t3chguy.
+* [Backport staging] Fix CSS specificity causing icon issues in e2e verification ([#31548](https://github.com/element-hq/element-web/pull/31548)). Contributed by @RiotRobot.
+* [Backport staging] Fix e2e icons in CompleteSecurity \& SetupEncryptionBody ([#31522](https://github.com/element-hq/element-web/pull/31522)). Contributed by @RiotRobot.
+* [Backport staging] Remove an extra paragraph in advanced room settings ([#31511](https://github.com/element-hq/element-web/pull/31511)). Contributed by @RiotRobot.
+* [Backport staging] Don't show the key storage out of sync toast when backup disabled ([#31507](https://github.com/element-hq/element-web/pull/31507)). Contributed by @RiotRobot.
+* Fix composer button visibility in contrast colour mode ([#31255](https://github.com/element-hq/element-web/pull/31255)). Contributed by @t3chguy.
+* Ensure correct room version is used and permissions are appropriately sert when creating rooms ([#31464](https://github.com/element-hq/element-web/pull/31464)). Contributed by @Half-Shot.
+* Fix e2e icon rendering ([#31454](https://github.com/element-hq/element-web/pull/31454)). Contributed by @t3chguy.
+* EventIndexer: ensure we add initial checkpoints when the db is first opened ([#31448](https://github.com/element-hq/element-web/pull/31448)). Contributed by @richvdh.
+* Fix `/join ` command failing due to race condition ([#31433](https://github.com/element-hq/element-web/pull/31433)). Contributed by @MidhunSureshR.
+* MessageEventIndexDialog: distinguish indexed rooms ([#31436](https://github.com/element-hq/element-web/pull/31436)). Contributed by @richvdh.
+* Move `EditInPlace` out of `Form` (Fixes: reloading EW on EC url update) ([#31434](https://github.com/element-hq/element-web/pull/31434)). Contributed by @toger5.
+* Fixes issue where cursor would jump to the beginning of the input field after converting Japanese text and pressing Tab ([#31432](https://github.com/element-hq/element-web/pull/31432)). Contributed by @shinaoka.
+* Fix widgets getting stuck in loading states ([#31314](https://github.com/element-hq/element-web/pull/31314)). Contributed by @robintown.
+* Room list: fix room options remaining on room item after mouse leaving ([#31414](https://github.com/element-hq/element-web/pull/31414)). Contributed by @florianduros.
+* Make `RoomList.showMessagePreview` configurable by `config.json` ([#31419](https://github.com/element-hq/element-web/pull/31419)). Contributed by @florianduros.
+* Fix bug which caused app not to load correctly when `force_verification` is enabled ([#31265](https://github.com/element-hq/element-web/pull/31265)). Contributed by @richvdh.
+* Room list: display the menu option on the room list item when clicked/opened ([#31380](https://github.com/element-hq/element-web/pull/31380)). Contributed by @florianduros.
+* Fix handling of SVGs ([#31359](https://github.com/element-hq/element-web/pull/31359)). Contributed by @t3chguy.
+* Fix word wrapping in expanded left panel buttons ([#31377](https://github.com/element-hq/element-web/pull/31377)). Contributed by @t3chguy.
+* Fix aspect ratio on error view background ([#31361](https://github.com/element-hq/element-web/pull/31361)). Contributed by @t3chguy.
+* Fix failure to request persistent storage perms ([#31299](https://github.com/element-hq/element-web/pull/31299)). Contributed by @richvdh.
+* Fix calls sometimes not knowing that they're presented ([#31313](https://github.com/element-hq/element-web/pull/31313)). Contributed by @robintown.
+
+
Changes in [1.12.6](https://github.com/element-hq/element-web/releases/tag/v1.12.6) (2025-12-03)
================================================================================================
This release fixes a bug where 1:1 calling was incorrectly not available if no Element Call focus was set.
diff --git a/package.json b/package.json
index a3bb228b4a..05c30b23c0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
{
"name": "element-web",
- "version": "1.12.6",
+ "version": "1.12.7",
"description": "Element: the future of secure communication",
"author": "New Vector Ltd.",
"repository": {
@@ -129,7 +129,7 @@
"lodash": "^4.17.21",
"maplibre-gl": "^5.0.0",
"matrix-encrypt-attachment": "^1.0.3",
- "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
+ "matrix-js-sdk": "39.4.0",
"matrix-widget-api": "^1.14.0",
"memoize-one": "^6.0.0",
"mime": "^4.0.4",
diff --git a/yarn.lock b/yarn.lock
index 717ca08bf8..8480190a68 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -9663,9 +9663,10 @@ matrix-events-sdk@0.0.1:
resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
- version "39.3.0"
- resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/942fdf5bee0f0303f32c2cae87df6108666bb780"
+matrix-js-sdk@39.4.0:
+ version "39.4.0"
+ resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-39.4.0.tgz#1298a8745e5e711501f18b6e65d2c08f05e283b1"
+ integrity sha512-0RZLcwbMxMTU+ORPhpFUnX8nDbKwLtdW20T6VesSxEwjKL5j2TM/mIt4u3h0HJiMh63PpAb2QUcNr0R82YfTOA==
dependencies:
"@babel/runtime" "^7.12.5"
"@matrix-org/matrix-sdk-crypto-wasm" "^15.3.0"