diff --git a/poetry.lock b/poetry.lock
index 4e70aa8..18dfd46 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -34,20 +34,20 @@ tracing = ["opentelemetry-api (>=1.26,<2.0)"]
 
 [[package]]
 name = "azure-identity"
-version = "1.25.1"
+version = "1.25.3"
 description = "Microsoft Azure Identity Library for Python"
 optional = false
 python-versions = ">=3.9"
 groups = ["main"]
 files = [
-    {file = "azure_identity-1.25.1-py3-none-any.whl", hash = "sha256:e9edd720af03dff020223cd269fa3a61e8f345ea75443858273bcb44844ab651"},
-    {file = "azure_identity-1.25.1.tar.gz", hash = "sha256:87ca8328883de6036443e1c37b40e8dc8fb74898240f61071e09d2e369361456"},
+    {file = "azure_identity-1.25.3-py3-none-any.whl", hash = "sha256:f4d0b956a8146f30333e071374171f3cfa7bdb8073adb8c3814b65567aa7447c"},
+    {file = "azure_identity-1.25.3.tar.gz", hash = "sha256:ab23c0d63015f50b630ef6c6cf395e7262f439ce06e5d07a64e874c724f8d9e6"},
 ]
 
 [package.dependencies]
 azure-core = ">=1.31.0"
 cryptography = ">=2.5"
-msal = ">=1.30.0"
+msal = ">=1.35.1"
 msal-extensions = ">=1.2.0"
 typing-extensions = ">=4.0.0"
 
@@ -583,23 +583,23 @@ files = [
 
 [[package]]
 name = "msal"
-version = "1.34.0"
+version = "1.37.0"
 description = "The Microsoft Authentication Library (MSAL) for Python library enables your app to access the Microsoft Cloud by supporting authentication of users with Microsoft Azure Active Directory accounts (AAD) and Microsoft Accounts (MSA) using industry standard OAuth2 and OpenID Connect."
 optional = false
-python-versions = ">=3.8"
+python-versions = ">=3.9"
 groups = ["main"]
 files = [
-    {file = "msal-1.34.0-py3-none-any.whl", hash = "sha256:f669b1644e4950115da7a176441b0e13ec2975c29528d8b9e81316023676d6e1"},
-    {file = "msal-1.34.0.tar.gz", hash = "sha256:76ba83b716ea5a6d75b0279c0ac353a0e05b820ca1f6682c0eb7f45190c43c2f"},
+    {file = "msal-1.37.0-py3-none-any.whl", hash = "sha256:dd17e95a7c71bce75e8108113438ba7c4a086b3bcad4f57a8c09b7af3d753c2d"},
+    {file = "msal-1.37.0.tar.gz", hash = "sha256:1b1672a33ee467c1d70b341bb16cafd51bb3c817147a95b93263794b03971bec"},
 ]
 
 [package.dependencies]
-cryptography = ">=2.5,<49"
+cryptography = ">=2.5,<51"
 PyJWT = {version = ">=1.0.0,<3", extras = ["crypto"]}
 requests = ">=2.0.0,<3"
 
 [package.extras]
-broker = ["pymsalruntime (>=0.14,<0.19) ; python_version >= \"3.6\" and platform_system == \"Windows\"", "pymsalruntime (>=0.17,<0.19) ; python_version >= \"3.8\" and platform_system == \"Darwin\"", "pymsalruntime (>=0.18,<0.19) ; python_version >= \"3.8\" and platform_system == \"Linux\""]
+broker = ["pymsalruntime (>=0.20,<0.21) ; python_version >= \"3.9\" and platform_system == \"Darwin\"", "pymsalruntime (>=0.20,<0.21) ; python_version >= \"3.9\" and platform_system == \"Linux\"", "pymsalruntime (>=0.20,<0.21) ; python_version >= \"3.9\" and platform_system == \"Windows\""]
 
 [[package]]
 name = "msal-extensions"
@@ -1338,4 +1338,4 @@ zstd = ["backports-zstd (>=1.0.0) ; python_version < \"3.14\""]
 [metadata]
 lock-version = "2.1"
 python-versions = ">=3.10"
-content-hash = "b6194f0dd5127ca186d9d9c06f668422d54b2c438a7f5d6f5adf01789fd76243"
+content-hash = "a71d3bd58d051d48ee19df0a2b226d8ad3921ebc9a3d3aa94d6cddc4a94552b3"
diff --git a/pyproject.toml b/pyproject.toml
index 1f53aa6..8e170a8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -11,7 +11,7 @@ authors = [
 
 dependencies = [
     "requests>=2.34.2",
-    "azure-identity>=1.24.0,<2",
+    "azure-identity>=1.25.3,<2",
     "pandas==2.2.3",
     "numpy==2.1.3",
     "openpyxl==3.1.5",