diff --git a/graphics/pngquant/Makefile b/graphics/pngquant/Makefile
index 99f144b0cd81..d9d1fa385a00 100644
--- a/graphics/pngquant/Makefile
+++ b/graphics/pngquant/Makefile
@@ -2,7 +2,7 @@
 # $FreeBSD$
 
 PORTNAME=	pngquant
-PORTVERSION=	2.12.2
+PORTVERSION=	2.12.3
 DISTVERSIONSUFFIX=	-src
 CATEGORIES=	graphics
 MASTER_SITES=	http://pngquant.org/
diff --git a/graphics/pngquant/distinfo b/graphics/pngquant/distinfo
index 33c716dd85a4..2fe80c18058c 100644
--- a/graphics/pngquant/distinfo
+++ b/graphics/pngquant/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1542566880
-SHA256 (pngquant-2.12.2-src.tar.gz) = bb031c48039ee73ea0e60709bb9ab80c55bfa3a5920b798ea37a03f2757b099c
-SIZE (pngquant-2.12.2-src.tar.gz) = 143404
+TIMESTAMP = 1558710014
+SHA256 (pngquant-2.12.3-src.tar.gz) = 8bb076832a3f1c826393f4be62df8b637dfd6493b13d5839ad697a8a80ccf95b
+SIZE (pngquant-2.12.3-src.tar.gz) = 143572