diff --git a/RHEL-235765-powervs-subnet-fix-plaintext-token-file-support.patch b/RHEL-235765-powervs-subnet-fix-plaintext-token-file-support.patch
new file mode 100644
index 0000000..df95059
--- /dev/null
+++ b/RHEL-235765-powervs-subnet-fix-plaintext-token-file-support.patch
@@ -0,0 +1,24 @@
+From f75a1bb59fe729b9de65fc3c4436e9edaf8f8f41 Mon Sep 17 00:00:00 2001
+From: Oyvind Albrigtsen <oalbrigt@redhat.com>
+Date: Wed, 30 Apr 2025 16:09:50 +0200
+Subject: [PATCH] powervs-subnet: fix plaintext token file support
+
+---
+ heartbeat/powervs-subnet.in | 3 ++-
+ 1 file changed, 2 insertions(+), 1 deletion(-)
+
+diff --git a/heartbeat/powervs-subnet.in b/heartbeat/powervs-subnet.in
+index b8f3864e9a..a90bc73c6b 100755
+--- a/heartbeat/powervs-subnet.in
++++ b/heartbeat/powervs-subnet.in
+@@ -378,8 +378,9 @@ class PowerCloudAPI:
+                         api_key = keys.get("Apikey", "")
+                         if not api_key:
+                             api_key = keys.get("apikey", "")
++                    # data is text, return as is
+                     except ValueError:
+-                        # data is text, return as is
++                        f.seek(0)
+                         api_key = f.read().strip()
+             except FileNotFoundError:
+                 raise PowerCloudAPIError(
diff --git a/resource-agents.spec b/resource-agents.spec
index 8f9b3c7..1651efc 100644
--- a/resource-agents.spec
+++ b/resource-agents.spec
@@ -45,7 +45,7 @@
 Name:		resource-agents
 Summary:	Open Source HA Reusable Cluster Resource Scripts
 Version:	4.16.0
-Release:	73%{?rcver:%{rcver}}%{?numcomm:.%{numcomm}}%{?alphatag:.%{alphatag}}%{?dirty:.%{dirty}}%{?dist}
+Release:	74%{?rcver:%{rcver}}%{?numcomm:.%{numcomm}}%{?alphatag:.%{alphatag}}%{?dirty:.%{dirty}}%{?dist}
 License:	GPL-2.0-or-later AND LGPL-2.1-or-later
 URL:		https://github.com/ClusterLabs/resource-agents
 Source0:	%{upstream_prefix}-%{upstream_version}.tar.gz
@@ -146,6 +146,7 @@ Patch93:	RHEL-183131-portblock-fix-IPv6-rule-detection-in-the-iptables-backend.p
 Patch94:	RHEL-166371-db2-avoid-promoting-in-standby_remote_catchup_pending-state.patch
 Patch95:	RHEL-224054-1-Route-update-destination-parameter-to-non-unique.patch
 Patch96:	RHEL-224054-2-Route-update-destination-description-and-add-warning-message.patch
+Patch97:	RHEL-235765-powervs-subnet-fix-plaintext-token-file-support.patch
 
 # bundled ha-cloud-support libs
 Patch500:	ha-cloud-support-aliyun.patch
@@ -413,6 +414,7 @@ exit 1
 %patch -p1 -P 94
 %patch -p1 -P 95
 %patch -p1 -P 96
+%patch -p1 -P 97
 
 # bundled ha-cloud-support libs
 %patch -p1 -P 500
@@ -745,6 +747,11 @@ rm -rf %{buildroot}/usr/share/doc/resource-agents
 %{_usr}/lib/ocf/lib/heartbeat/OCF_*.pm
 
 %changelog
+* Mon Aug 17 2026 Oyvind Albrigtsen <oalbrigt@redhat.com> - 4.16.0-74
+- powervs-subnet: fix plaintext token file support
+
+  Resolves: RHEL-235765
+
 * Tue Aug 04 2026 Arslan Ahmad <arahmad@redhat.com> - 4.16.0-73
 - Route: update 'destination' description and add warning message
   when 'default' destination is used