diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 8c68be5e8..e5d973ffb 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -3,6 +3,12 @@
 All notable changes to this project will be documented in this file.
 See [Conventional Commits](https://conventionalcommits.org) for commit guidelines.
 
+# [0.5.0](https://github.com/callstack/react-native-builder-bob/compare/docs@0.4.1...docs@0.5.0) (2025-02-07)
+
+### Features
+
+* **bob:** support custom target definitions ([#732](https://github.com/callstack/react-native-builder-bob/issues/732)) ([5b42f44](https://github.com/callstack/react-native-builder-bob/commit/5b42f440fc609d9a49b94a5435276acda9d0ade7)) - by @atlj
+
 ## [0.4.1](https://github.com/callstack/react-native-builder-bob/compare/docs@0.4.0...docs@0.4.1) (2024-12-04)
 
 ### Bug Fixes
diff --git a/docs/package.json b/docs/package.json
index aa97c8471..33a9246f3 100644
--- a/docs/package.json
+++ b/docs/package.json
@@ -1,6 +1,6 @@
 {
   "name": "docs",
-  "version": "0.4.1",
+  "version": "0.5.0",
   "private": true,
   "description": "Documentation for react-native-builder-bob",
   "scripts": {
diff --git a/docs/pages/build.md b/docs/pages/build.md
index e3245b2ba..828eb7506 100644
--- a/docs/pages/build.md
+++ b/docs/pages/build.md
@@ -188,6 +188,18 @@ Generates the [React Native Codegen](https://reactnative.dev/docs/the-new-archit
 
 You can ensure your Codegen generated scaffold code is stable through different React Native versions by shipping it with your library. You can find more in the [React Native Official Docs](https://reactnative.dev/docs/the-new-architecture/codegen-cli#including-generated-code-into-libraries).
 
+#### `custom`
+
+Define a custom build target. This is useful to call code generators during the build process.
+
+##### `script`
+
+Accepts a script name. `bob` will call the matching script defined under `package.json`'s `scripts` property. The build process **will throw and exit** if the target is defined without this option.
+
+##### `clean`
+
+You can pass a path to this option and `bob` will delete all the files on that path. The path is resolved relatively to where `build` was called from.
+
 #### `commonjs`
 
 Enable compiling source files with Babel and use CommonJS module system.
diff --git a/packages/create-react-native-library/CHANGELOG.md b/packages/create-react-native-library/CHANGELOG.md
index 2d473dacd..c5e2fe4c7 100644
--- a/packages/create-react-native-library/CHANGELOG.md
+++ b/packages/create-react-native-library/CHANGELOG.md
@@ -3,6 +3,12 @@
 All notable changes to this project will be documented in this file.
 See [Conventional Commits](https://conventionalcommits.org) for commit guidelines.
 
+## [0.47.1](https://github.com/callstack/react-native-builder-bob/compare/create-react-native-library@0.47.0...create-react-native-library@0.47.1) (2025-02-07)
+
+### Bug Fixes
+
+* `nkdversion` -> `ndkVersion` casing in `gradle.properties` ([#744](https://github.com/callstack/react-native-builder-bob/issues/744)) ([981eea1](https://github.com/callstack/react-native-builder-bob/commit/981eea148bf092fd1107173863417b54353f7202)), closes [/github.com/callstack/react-native-builder-bob/blob/87b0032acd66b7b14a5b358117a3d1497c59baad/packages/create-react-native-library/templates/native-common/android/build.gradle#L62](https://github.com//github.com/callstack/react-native-builder-bob/blob/87b0032acd66b7b14a5b358117a3d1497c59baad/packages/create-react-native-library/templates/native-common/android/build.gradle/issues/L62) - by @KiwiKilian
+
 # [0.47.0](https://github.com/callstack/react-native-builder-bob/compare/create-react-native-library@0.46.0...create-react-native-library@0.47.0) (2025-01-28)
 
 ### Bug Fixes
diff --git a/packages/create-react-native-library/package.json b/packages/create-react-native-library/package.json
index 209e431e5..dc1b655ac 100644
--- a/packages/create-react-native-library/package.json
+++ b/packages/create-react-native-library/package.json
@@ -1,6 +1,6 @@
 {
   "name": "create-react-native-library",
-  "version": "0.47.0",
+  "version": "0.47.1",
   "description": "CLI to scaffold React Native libraries",
   "keywords": [
     "react-native",
diff --git a/packages/create-react-native-library/src/index.ts b/packages/create-react-native-library/src/index.ts
index f01eed082..a9cdfa92a 100644
--- a/packages/create-react-native-library/src/index.ts
+++ b/packages/create-react-native-library/src/index.ts
@@ -20,7 +20,7 @@ import {
 import { getDependencyVersionsFromExampleApp } from './exampleApp/dependencies';
 import { printErrorHelp, printNextSteps, printUsedRNVersion } from './inform';
 
-const FALLBACK_BOB_VERSION = '0.32.0';
+const FALLBACK_BOB_VERSION = '0.36.0';
 
 yargs
   .command(
diff --git a/packages/create-react-native-library/templates/common/$.gitignore b/packages/create-react-native-library/templates/common/$.gitignore
index cfe2bb4fd..46c939a7d 100644
--- a/packages/create-react-native-library/templates/common/$.gitignore
+++ b/packages/create-react-native-library/templates/common/$.gitignore
@@ -28,6 +28,7 @@ DerivedData
 *.ipa
 *.xcuserstate
 project.xcworkspace
+**/.xcode.env.local
 
 # Android/IJ
 #
diff --git a/packages/create-react-native-library/templates/native-common/android/gradle.properties b/packages/create-react-native-library/templates/native-common/android/gradle.properties
index 52515e42a..88563f3c1 100644
--- a/packages/create-react-native-library/templates/native-common/android/gradle.properties
+++ b/packages/create-react-native-library/templates/native-common/android/gradle.properties
@@ -2,4 +2,4 @@
 <%- project.name -%>_minSdkVersion=24
 <%- project.name -%>_targetSdkVersion=34
 <%- project.name -%>_compileSdkVersion=35
-<%- project.name -%>_ndkversion=27.1.12297006
+<%- project.name -%>_ndkVersion=27.1.12297006
diff --git a/packages/react-native-builder-bob/CHANGELOG.md b/packages/react-native-builder-bob/CHANGELOG.md
index e9fb67ccc..073925ee2 100644
--- a/packages/react-native-builder-bob/CHANGELOG.md
+++ b/packages/react-native-builder-bob/CHANGELOG.md
@@ -3,6 +3,12 @@
 All notable changes to this project will be documented in this file.
 See [Conventional Commits](https://conventionalcommits.org) for commit guidelines.
 
+# [0.37.0](https://github.com/callstack/react-native-builder-bob/compare/react-native-builder-bob@0.36.0...react-native-builder-bob@0.37.0) (2025-02-07)
+
+### Features
+
+* **bob:** support custom target definitions ([#732](https://github.com/callstack/react-native-builder-bob/issues/732)) ([5b42f44](https://github.com/callstack/react-native-builder-bob/commit/5b42f440fc609d9a49b94a5435276acda9d0ade7)) - by @atlj
+
 # [0.36.0](https://github.com/callstack/react-native-builder-bob/compare/react-native-builder-bob@0.35.3...react-native-builder-bob@0.36.0) (2025-01-28)
 
 ### Bug Fixes
diff --git a/packages/react-native-builder-bob/package.json b/packages/react-native-builder-bob/package.json
index aa0d52145..f3935d2d8 100644
--- a/packages/react-native-builder-bob/package.json
+++ b/packages/react-native-builder-bob/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-builder-bob",
-  "version": "0.36.0",
+  "version": "0.37.0",
   "description": "CLI to build JavaScript files for React Native libraries",
   "keywords": [
     "react-native",
diff --git a/packages/react-native-builder-bob/src/index.ts b/packages/react-native-builder-bob/src/index.ts
index ca696bdb7..1f1a26a8b 100644
--- a/packages/react-native-builder-bob/src/index.ts
+++ b/packages/react-native-builder-bob/src/index.ts
@@ -11,6 +11,7 @@ import buildCommonJS from './targets/commonjs';
 import buildModule from './targets/module';
 import buildTypescript from './targets/typescript';
 import buildCodegen from './targets/codegen';
+import customTarget from './targets/custom';
 import type { Options, Report, Target } from './types';
 
 type ArgName = 'target';
@@ -584,6 +585,14 @@ async function buildTarget(
         report,
       });
       break;
+    case 'custom':
+      await customTarget({
+        options: targetOptions,
+        source: path.resolve(root, source),
+        report,
+        root,
+      });
+      break;
     default:
       logger.exit(`Invalid target ${kleur.blue(targetName)}.`);
   }
diff --git a/packages/react-native-builder-bob/src/targets/custom.ts b/packages/react-native-builder-bob/src/targets/custom.ts
new file mode 100644
index 000000000..28679260f
--- /dev/null
+++ b/packages/react-native-builder-bob/src/targets/custom.ts
@@ -0,0 +1,72 @@
+import kleur from 'kleur';
+import path from 'path';
+import fs from 'fs-extra';
+import type { Input } from '../types';
+import { spawn } from '../utils/spawn';
+import dedent from 'dedent';
+import del from 'del';
+
+type Options = Omit<Input, 'output'> & {
+  options?: {
+    script?: string;
+    clean?: string;
+  };
+};
+
+export default async function customTarget({ options, root, report }: Options) {
+  if (options?.script == null) {
+    report.error(
+      dedent(
+        `No script was provided with the custom target.
+         Example: ${kleur.green('{["custom", { "script": "generateTypes" }}')}`
+      )
+    );
+    process.exit(1);
+  }
+
+  const pathToClean = options.clean
+    ? path.relative(root, options.clean)
+    : undefined;
+
+  if (pathToClean) {
+    report.info(`Cleaning up ${kleur.blue(pathToClean)}`);
+
+    await del([path.resolve(root, pathToClean)]);
+  }
+
+  const packageManagerExecutable = process.env.npm_execpath ?? 'npm';
+  const packageManagerArgs = ['run', options.script];
+
+  // usr/bin/yarn -> yarn
+  const packageManagerName = path.basename(packageManagerExecutable);
+  report.info(
+    `Running ${kleur.blue(packageManagerName)} ${kleur.blue(
+      packageManagerArgs.join(' ')
+    )}`
+  );
+
+  try {
+    await spawn(packageManagerExecutable, packageManagerArgs, {
+      stdio: ['ignore', 'ignore', 'inherit'],
+    });
+  } catch (e) {
+    report.error(
+      `An error occurred when running ${kleur.blue(options.script)}`
+    );
+    process.exit(1);
+  }
+
+  report.success(`Ran the ${kleur.blue(options.script)} script succesfully`);
+
+  if (options.clean && pathToClean && !(await fs.pathExists(pathToClean))) {
+    report.warn(
+      `Custom target with the ${kleur.blue(
+        options.script
+      )} script has ${kleur.blue(options.clean)} as the ${kleur.bold(
+        'clean'
+      )} option but this path wasn't created after running the script. Are you sure you've defined the ${kleur.bold(
+        'clean'
+      )} path correctly?`
+    );
+  }
+}
diff --git a/packages/react-native-builder-bob/src/types.ts b/packages/react-native-builder-bob/src/types.ts
index 1a20240be..9a8b7419e 100644
--- a/packages/react-native-builder-bob/src/types.ts
+++ b/packages/react-native-builder-bob/src/types.ts
@@ -13,7 +13,12 @@ export type Input = {
   report: Report;
 };
 
-export type Target = 'commonjs' | 'module' | 'typescript' | 'codegen';
+export type Target =
+  | 'commonjs'
+  | 'module'
+  | 'typescript'
+  | 'codegen'
+  | 'custom';
 
 export type Options = {
   source?: string;