diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 952c140..f93e26d 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "10.0.2"
+  ".": "10.0.3"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index f65367f..4e7c890 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [10.0.3](https://github.com/Flagsmith/flagsmith-engine/compare/v10.0.2...v10.0.3) (2025-11-25)
+
+### Bug Fixes
+
+- Exclude identities when PERCENTAGE_SPLIT trait is undefined
+  ([#284](https://github.com/Flagsmith/flagsmith-engine/issues/284))
+  ([0427c04](https://github.com/Flagsmith/flagsmith-engine/commit/0427c0483980c426a059c2b40ae5ebc0d853501c))
+
 ## [10.0.2](https://github.com/Flagsmith/flagsmith-engine/compare/v10.0.1...v10.0.2) (2025-10-30)
 
 ### Bug Fixes
diff --git a/setup.py b/setup.py
index df3cec0..7832be4 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@
 
 setup(
     name="flagsmith-flag-engine",
-    version="10.0.2",
+    version="10.0.3",
     author="Flagsmith",
     author_email="support@flagsmith.com",
     packages=find_packages(include=["flag_engine", "flag_engine.*"]),