diff --git a/tools/mtools/Makefile b/tools/mtools/Makefile
index c10e887b3..74007a88d 100644
--- a/tools/mtools/Makefile
+++ b/tools/mtools/Makefile
@@ -7,11 +7,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mtools
-PKG_VERSION:=4.0.37
+PKG_VERSION:=4.0.40
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@GNU/$(PKG_NAME)
-PKG_HASH:=799b197e23e47b61259628810b27790efb7a1fe36037ef1da8a27b0ae4fa8342
+PKG_HASH:=a22fca42354011dd2293a7f51f228b46ebbd802e7740b0975912afecb79d5df4
 
 HOST_BUILD_PARALLEL:=1