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This was recently posted by reliable insider ynguldyn in the future models thread.

• G87 M2
  08/24: engine power increases to 475hp; cosmetic changes including new wheel options. This is not the "CS" or "Competition". Skyscraper Gray, Mineral Red, Portimao Blue, and Sao Paulo Yellow could be the new colors.
  In production until 07/29

Originally Posted by ynguldyn

G87 goes to 475hp starting with August 2024 production. This is the replacement for the current version and doesn't seem to be getting any kind of new designation.

Updated 1/2/24 with even more power bump possible!

Originally Posted by ynguldyn

So this is kinda late in the game and just not what I expected, but the latest specs for the MY25 are showing a bump in torque to 600Nm, in addition to the HP bump. Typo? Only BMW engineers know...

Originally Posted by ynguldyn

For clarity and people coming here from the front page:

There's only one M2 model with start of production in 8/24. It is still called "M2" with no suffixes, like the current one. In a very unusual manner, the torque specifications of this model differ depending on the transmission installed: 550Nm (as before) for the manual but a bump to 600Nm for the automatic.