diff --git a/chart/dockerfiles/pgbouncer-exporter/build_and_push.sh b/chart/dockerfiles/pgbouncer-exporter/build_and_push.sh
index e9014b1b0893b..a17748164f95c 100755
--- a/chart/dockerfiles/pgbouncer-exporter/build_and_push.sh
+++ b/chart/dockerfiles/pgbouncer-exporter/build_and_push.sh
@@ -21,13 +21,13 @@ readonly DOCKERHUB_USER
 DOCKERHUB_REPO=${DOCKERHUB_REPO:="airflow"}
 readonly DOCKERHUB_REPO
 
-PGBOUNCER_EXPORTER_VERSION="0.17.0"
+PGBOUNCER_EXPORTER_VERSION="0.18.0"
 readonly PGBOUNCER_EXPORTER_VERSION
 
-AIRFLOW_PGBOUNCER_EXPORTER_VERSION="2024.06.18"
+AIRFLOW_PGBOUNCER_EXPORTER_VERSION="2025.03.05"
 readonly AIRFLOW_PGBOUNCER_EXPORTER_VERSION
 
-EXPECTED_GO_VERSION="1.22.4"
+EXPECTED_GO_VERSION="1.23.7"
 readonly EXPECTED_GO_VERSION
 
 COMMIT_SHA=$(git rev-parse HEAD)
diff --git a/chart/dockerfiles/pgbouncer/Dockerfile b/chart/dockerfiles/pgbouncer/Dockerfile
index fcc45da47ba92..70236d26da6d3 100644
--- a/chart/dockerfiles/pgbouncer/Dockerfile
+++ b/chart/dockerfiles/pgbouncer/Dockerfile
@@ -18,6 +18,7 @@ ARG ALPINE_VERSION="3.19"
 FROM alpine:${ALPINE_VERSION} AS builder
 SHELL ["/bin/ash", "-e", "-x", "-c", "-o", "pipefail"]
 
+ARG PGBOUNCER_TAG
 ARG PGBOUNCER_VERSION
 ARG AIRFLOW_PGBOUNCER_VERSION
 
@@ -30,7 +31,7 @@ RUN apk --no-cache add make pkgconfig build-base libtool wget gcc g++ libevent-d
 # We are not using Dash so we can safely ignore the "Dash warning"
 # "In dash, something is not supported." https://github.com/koalaman/shellcheck/wiki/SC2169
 # hadolint ignore=SC2169,SC3060
-RUN wget --progress=dot:giga "https://github.com/pgbouncer/pgbouncer/releases/download/pgbouncer_${PGBOUNCER_VERSION//\./_}/pgbouncer-${PGBOUNCER_VERSION}.tar.gz" \
+RUN wget --progress=dot:giga "https://github.com/pgbouncer/pgbouncer/releases/download/${PGBOUNCER_TAG}/pgbouncer-${PGBOUNCER_VERSION}.tar.gz" \
     && echo "${PGBOUNCER_SHA256}  pgbouncer-${PGBOUNCER_VERSION}.tar.gz" | sha256sum -c - \
     && tar -xzvf pgbouncer-$PGBOUNCER_VERSION.tar.gz
 
diff --git a/chart/dockerfiles/pgbouncer/build_and_push.sh b/chart/dockerfiles/pgbouncer/build_and_push.sh
index e4345cc44d018..333e4708ccdc0 100755
--- a/chart/dockerfiles/pgbouncer/build_and_push.sh
+++ b/chart/dockerfiles/pgbouncer/build_and_push.sh
@@ -22,13 +22,18 @@ readonly DOCKERHUB_USER
 DOCKERHUB_REPO=${DOCKERHUB_REPO:="airflow"}
 readonly DOCKERHUB_REPO
 
-PGBOUNCER_VERSION="1.24.0"
+# Sometimes the pgbouncer tag does not reliably correspond with the version name
+# For example, it may have a `-fixed` suffix
+PGBOUNCER_TAG="pgbouncer_1_23_1-fixed"
+readonly PGBOUNCER_TAG
+
+PGBOUNCER_VERSION="1.23.1"
 readonly PGBOUNCER_VERSION
 
-PGBOUNCER_SHA256="e76adf941a3191a416e223c0b2cdbf73159eef80a2a32314af6fbd82e41a1d41"
+PGBOUNCER_SHA256="1963b497231d9a560a62d266e4a2eae6881ab401853d93e5d292c3740eec5084"
 readonly PGBOUNCER_SHA256
 
-AIRFLOW_PGBOUNCER_VERSION="2025.01.10"
+AIRFLOW_PGBOUNCER_VERSION="2025.03.05"
 readonly AIRFLOW_PGBOUNCER_VERSION
 
 COMMIT_SHA=$(git rev-parse HEAD)
@@ -58,6 +63,7 @@ docker buildx build . \
     --platform linux/amd64,linux/arm64 \
     --pull \
     --push \
+    --build-arg "PGBOUNCER_TAG=${PGBOUNCER_TAG}" \
     --build-arg "PGBOUNCER_VERSION=${PGBOUNCER_VERSION}" \
     --build-arg "AIRFLOW_PGBOUNCER_VERSION=${AIRFLOW_PGBOUNCER_VERSION}"\
     --build-arg "PGBOUNCER_SHA256=${PGBOUNCER_SHA256}"\
diff --git a/chart/newsfragments/47416.significant.rst b/chart/newsfragments/47416.significant.rst
new file mode 100644
index 0000000000000..995c19ba0a861
--- /dev/null
+++ b/chart/newsfragments/47416.significant.rst
@@ -0,0 +1,3 @@
+Decrements pgbouncer exporter to 1.23.1 and updates pgbouncer_exporter to v0.18.0
+
+The chart uses newer version of pgbouncer exporter - ``airflow-pgbouncer-exporter-2025.03.05-0.18.0`` and decrements the version of pgbouncer to ``airflow-pgbouncer-2025.03.05-1.23.1`` previously ``airflow-pgbouncer-2025.01.10-1.24.0``, to provide compatibility with ``airflow-pgbouncer-exporter-2025.03.05-0.18.0``.
diff --git a/chart/values.schema.json b/chart/values.schema.json
index edd019cfaf5c7..b8995cffa1c5d 100644
--- a/chart/values.schema.json
+++ b/chart/values.schema.json
@@ -887,7 +887,7 @@
                         "tag": {
                             "description": "The PgBouncer image tag.",
                             "type": "string",
-                            "default": "airflow-pgbouncer-2025.01.10-1.24.0"
+                            "default": "airflow-pgbouncer-2025.03.05-1.23.1"
                         },
                         "pullPolicy": {
                             "description": "The PgBouncer image pull policy.",
@@ -914,7 +914,7 @@
                         "tag": {
                             "description": "The PgBouncer exporter image tag.",
                             "type": "string",
-                            "default": "airflow-pgbouncer-exporter-2024.06.18-0.17.0"
+                            "default": "airflow-pgbouncer-exporter-2025.03.05-0.18.0"
                         },
                         "pullPolicy": {
                             "description": "The PgBouncer exporter image pull policy.",
diff --git a/chart/values.yaml b/chart/values.yaml
index 25d67fced692f..99a4e1fd1c1e6 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -115,11 +115,11 @@ images:
     pullPolicy: IfNotPresent
   pgbouncer:
     repository: apache/airflow
-    tag: airflow-pgbouncer-2025.01.10-1.24.0
+    tag: airflow-pgbouncer-2025.03.05-1.23.1
     pullPolicy: IfNotPresent
   pgbouncerExporter:
     repository: apache/airflow
-    tag: airflow-pgbouncer-exporter-2024.06.18-0.17.0
+    tag: airflow-pgbouncer-exporter-2025.03.05-0.18.0
     pullPolicy: IfNotPresent
   gitSync:
     repository: registry.k8s.io/git-sync/git-sync