diff --git a/audio/libopenmpt/Makefile b/audio/libopenmpt/Makefile
index 0e0c368dc91a..ddd6f21ea09d 100644
--- a/audio/libopenmpt/Makefile
+++ b/audio/libopenmpt/Makefile
@@ -2,7 +2,7 @@
 # $FreeBSD$
 
 PORTNAME=	libopenmpt
-PORTVERSION=	0.4.12
+PORTVERSION=	0.5.0
 DISTVERSIONSUFFIX=	+release.autotools
 CATEGORIES=	audio
 MASTER_SITES=	https://lib.openmpt.org/files/libopenmpt/src/ \
@@ -21,21 +21,20 @@ GNU_CONFIGURE=	yes
 
 CONFIGURE_ARGS+=	--without-portaudiocpp
 
-OPTIONS_DEFINE=	DOCS EXAMPLES FLAC MPG123 OGG PORTAUDIO SNDFILE VORBIS
-OPTIONS_DEFAULT=FLAC MPG123 OGG PORTAUDIO SNDFILE VORBIS
-
-FLAC_LIB_DEPENDS=	libFLAC.so:audio/flac
-MPG123_LIB_DEPENDS=	libmpg123.so:audio/mpg123
-OGG_LIB_DEPENDS=	libogg.so:audio/libogg
-PORTAUDIO_LIB_DEPENDS=	libportaudio.so:audio/portaudio
-SNDFILE_LIB_DEPENDS=	libsndfile.so:audio/libsndfile
-VORBIS_LIB_DEPENDS=	libvorbis.so:audio/libvorbis
+OPTIONS_DEFINE=		DOCS EXAMPLES FLAC MPG123 OGG PORTAUDIO SNDFILE VORBIS
+OPTIONS_DEFAULT=	FLAC MPG123 OGG PORTAUDIO SNDFILE VORBIS
 
+FLAC_LIB_DEPENDS=		libFLAC.so:audio/flac
 FLAC_CONFIGURE_WITH=		flac
+MPG123_LIB_DEPENDS=		libmpg123.so:audio/mpg123
 MPG123_CONFIGURE_WITH=		mpg123
+OGG_LIB_DEPENDS=		libogg.so:audio/libogg
 OGG_CONFIGURE_WITH=		ogg
+PORTAUDIO_LIB_DEPENDS=		libportaudio.so:audio/portaudio
 PORTAUDIO_CONFIGURE_WITH=	portaudio
+SNDFILE_LIB_DEPENDS=		libsndfile.so:audio/libsndfile
 SNDFILE_CONFIGURE_WITH=		sndfile
+VORBIS_LIB_DEPENDS=		libvorbis.so:audio/libvorbis
 VORBIS_CONFIGURE_WITH=		vorbis vorbisfile
 
 post-install:
diff --git a/audio/libopenmpt/distinfo b/audio/libopenmpt/distinfo
index 8ea14a3859b2..387ccdce844c 100644
--- a/audio/libopenmpt/distinfo
+++ b/audio/libopenmpt/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1586859926
-SHA256 (libopenmpt-0.4.12+release.autotools.tar.gz) = 0ccd64476e6c8a084277e7093c4034d702e7999eeffd31adc89b33685e725e60
-SIZE (libopenmpt-0.4.12+release.autotools.tar.gz) = 1472183
+TIMESTAMP = 1590526446
+SHA256 (libopenmpt-0.5.0+release.autotools.tar.gz) = 43cba54a3f7220c3cc5baae1e2c19a5af7196bfdb95ff4d0c4979d9fbc6c837e
+SIZE (libopenmpt-0.5.0+release.autotools.tar.gz) = 1463179
diff --git a/audio/libopenmpt/pkg-plist b/audio/libopenmpt/pkg-plist
index b03cceff7f10..800445eeeeee 100644
--- a/audio/libopenmpt/pkg-plist
+++ b/audio/libopenmpt/pkg-plist
@@ -11,7 +11,7 @@ include/libopenmpt/libopenmpt_version.h
 lib/libopenmpt.a
 lib/libopenmpt.so
 lib/libopenmpt.so.0
-lib/libopenmpt.so.0.1.1
+lib/libopenmpt.so.0.2.2
 libdata/pkgconfig/libopenmpt.pc
 man/man1/openmpt123.1.gz
 %%PORTDOCS%%%%DOCSDIR%%/README.md