diff --git a/apple/Brushes/RNSVGContextBrush.mm b/apple/Brushes/RNSVGContextBrush.mm
index daa92f699..9a9c3d502 100644
--- a/apple/Brushes/RNSVGContextBrush.mm
+++ b/apple/Brushes/RNSVGContextBrush.mm
@@ -49,7 +49,10 @@ - (BOOL)applyFillColor:(CGContextRef)context opacity:(CGFloat)opacity
   BOOL fillColor;
 
   if (brush.class == RNSVGBrush.class) {
-    CGContextSetFillColorWithColor(context, [element getCurrentColor]);
+    CGColorRef currentColor = [element getCurrentColor];
+    CGColorRef colorWithOpacity = CGColorCreateCopyWithAlpha(currentColor, opacity * CGColorGetAlpha(currentColor));
+    CGContextSetFillColorWithColor(context, colorWithOpacity);
+    CGColorRelease(colorWithOpacity);
     fillColor = YES;
   } else {
     fillColor = [brush applyFillColor:context opacity:opacity];
@@ -70,7 +73,10 @@ - (BOOL)applyStrokeColor:(CGContextRef)context opacity:(CGFloat)opacity
   BOOL strokeColor;
 
   if (brush.class == RNSVGBrush.class) {
-    CGContextSetStrokeColorWithColor(context, [element getCurrentColor]);
+    CGColorRef currentColor = [element getCurrentColor];
+    CGColorRef colorWithOpacity = CGColorCreateCopyWithAlpha(currentColor, opacity * CGColorGetAlpha(currentColor));
+    CGContextSetStrokeColorWithColor(context, colorWithOpacity);
+    CGColorRelease(colorWithOpacity);
     strokeColor = YES;
   } else {
     strokeColor = [brush applyStrokeColor:context opacity:opacity];
diff --git a/apple/RNSVGRenderable.mm b/apple/RNSVGRenderable.mm
index 754d29be8..7aaf63a72 100644
--- a/apple/RNSVGRenderable.mm
+++ b/apple/RNSVGRenderable.mm
@@ -555,7 +555,11 @@ - (void)renderLayerTo:(CGContextRef)context rect:(CGRect)rect
 
   if (self.fill) {
     if (self.fill.class == RNSVGBrush.class) {
-      CGContextSetFillColorWithColor(context, [self getCurrentColor]);
+      CGColorRef currentColor = [self getCurrentColor];
+      CGColorRef colorWithOpacity =
+          CGColorCreateCopyWithAlpha(currentColor, self.fillOpacity * CGColorGetAlpha(currentColor));
+      CGContextSetFillColorWithColor(context, colorWithOpacity);
+      CGColorRelease(colorWithOpacity);
       fillColor = YES;
     } else {
       fillColor = [self.fill applyFillColor:context opacity:self.fillOpacity];
@@ -603,7 +607,11 @@ - (void)renderLayerTo:(CGContextRef)context rect:(CGRect)rect
     BOOL strokeColor;
 
     if (self.stroke.class == RNSVGBrush.class) {
-      CGContextSetStrokeColorWithColor(context, [self getCurrentColor]);
+      CGColorRef currentColor = [self getCurrentColor];
+      CGColorRef colorWithOpacity =
+          CGColorCreateCopyWithAlpha(currentColor, self.strokeOpacity * CGColorGetAlpha(currentColor));
+      CGContextSetStrokeColorWithColor(context, colorWithOpacity);
+      CGColorRelease(colorWithOpacity);
       strokeColor = YES;
     } else {
       strokeColor = [self.stroke applyStrokeColor:context opacity:self.strokeOpacity];
diff --git a/apple/Text/RNSVGTSpan.mm b/apple/Text/RNSVGTSpan.mm
index faaedc98e..16fb14c95 100644
--- a/apple/Text/RNSVGTSpan.mm
+++ b/apple/Text/RNSVGTSpan.mm
@@ -134,8 +134,10 @@ - (void)renderLayerTo:(CGContextRef)context rect:(CGRect)rect
     if (self.inlineSize != nil && self.inlineSize.value != 0) {
       if (self.fill) {
         if (self.fill.class == RNSVGBrush.class) {
-          CGColorRef color = [self getCurrentColor];
+          CGColorRef currentColor = [self getCurrentColor];
+          CGColorRef color = CGColorCreateCopyWithAlpha(currentColor, self.fillOpacity * CGColorGetAlpha(currentColor));
           [self drawWrappedText:context gc:gc rect:rect color:color];
+          CGColorRelease(color);
         } else {
           CGColorRef color = [self.fill getColorWithOpacity:self.fillOpacity];
           [self drawWrappedText:context gc:gc rect:rect color:color];
@@ -144,8 +146,11 @@ - (void)renderLayerTo:(CGContextRef)context rect:(CGRect)rect
       }
       if (self.stroke) {
         if (self.stroke.class == RNSVGBrush.class) {
-          CGColorRef color = [self getCurrentColor];
+          CGColorRef currentColor = [self getCurrentColor];
+          CGColorRef color =
+              CGColorCreateCopyWithAlpha(currentColor, self.strokeOpacity * CGColorGetAlpha(currentColor));
           [self drawWrappedText:context gc:gc rect:rect color:color];
+          CGColorRelease(color);
         } else {
           CGColorRef color = [self.stroke getColorWithOpacity:self.strokeOpacity];
           [self drawWrappedText:context gc:gc rect:rect color:color];
diff --git a/apps/common/test/Test2923.tsx b/apps/common/test/Test2923.tsx
new file mode 100644
index 000000000..b79e0c4bb
--- /dev/null
+++ b/apps/common/test/Test2923.tsx
@@ -0,0 +1,131 @@
+import * as React from 'react';
+import {View} from 'react-native';
+import Svg, {Rect, G} from 'react-native-svg';
+
+export default function Test2923() {
+  return (
+    <View style={{flex: 1, justifyContent: 'center', alignItems: 'center'}}>
+      <Svg width="200" height="200" viewBox="0 0 200 200">
+        {/* Columns: fill only | stroke only | fill + stroke */}
+        <G strokeWidth={4}>
+          {/* Row 1: no opacity set */}
+          <Rect
+            x="5"
+            y="5"
+            width="55"
+            height="40"
+            color="blue"
+            fill="currentColor"
+          />
+          <Rect
+            x="72"
+            y="5"
+            width="55"
+            height="40"
+            color="red"
+            fill="none"
+            stroke="currentColor"
+          />
+          <Rect
+            x="139"
+            y="5"
+            width="55"
+            height="40"
+            color="green"
+            fill="currentColor"
+            stroke="currentColor"
+          />
+          {/* Row 2: fill-opacity=0.5 */}
+          <Rect
+            x="5"
+            y="53"
+            width="55"
+            height="40"
+            color="blue"
+            fill="currentColor"
+            fillOpacity={0.5}
+          />
+          <Rect
+            x="72"
+            y="53"
+            width="55"
+            height="40"
+            color="red"
+            fill="none"
+            stroke="currentColor"
+          />
+          <Rect
+            x="139"
+            y="53"
+            width="55"
+            height="40"
+            color="green"
+            fill="currentColor"
+            fillOpacity={0.5}
+            stroke="currentColor"
+          />
+          {/* Row 3: stroke-opacity=0.5 */}
+          <Rect
+            x="5"
+            y="101"
+            width="55"
+            height="40"
+            color="blue"
+            fill="currentColor"
+          />
+          <Rect
+            x="72"
+            y="101"
+            width="55"
+            height="40"
+            color="red"
+            fill="none"
+            stroke="currentColor"
+            strokeOpacity={0.5}
+          />
+          <Rect
+            x="139"
+            y="101"
+            width="55"
+            height="40"
+            color="green"
+            fill="currentColor"
+            stroke="currentColor"
+            strokeOpacity={0.5}
+          />
+          {/* Row 4: fill-opacity=0.5, stroke-opacity=0.5 */}
+          <Rect
+            x="5"
+            y="149"
+            width="55"
+            height="40"
+            color="blue"
+            fill="currentColor"
+            fillOpacity={0.5}
+          />
+          <Rect
+            x="72"
+            y="149"
+            width="55"
+            height="40"
+            color="red"
+            fill="none"
+            stroke="currentColor"
+            strokeOpacity={0.5}
+          />
+          <Rect
+            x="139"
+            y="149"
+            width="55"
+            height="40"
+            color="green"
+            fill="currentColor"
+            fillOpacity={0.5}
+            stroke="currentColor"
+            strokeOpacity={0.5}
+          />
+        </G>
+      </Svg>
+    </View>
+  );
+}
diff --git a/apps/common/test/index.tsx b/apps/common/test/index.tsx
index 2c1954cc9..fbacde401 100644
--- a/apps/common/test/index.tsx
+++ b/apps/common/test/index.tsx
@@ -36,7 +36,8 @@ import Test2455 from './Test2455';
 import Test2471 from './Test2471';
 import Test2520 from './Test2520';
 import Test2670 from './Test2670';
+import Test2923 from './Test2923';
 
 export default function App() {
-  return <ColorTest />;
+  return <Test2923 />;
 }
diff --git a/apps/tests-example/ios/Podfile.lock b/apps/tests-example/ios/Podfile.lock
index 9d3d34076..fe556f1d4 100644
--- a/apps/tests-example/ios/Podfile.lock
+++ b/apps/tests-example/ios/Podfile.lock
@@ -2481,7 +2481,7 @@ PODS:
     - React-perflogger (= 0.83.0-rc.0)
     - React-utils (= 0.83.0-rc.0)
     - SocketRocket
-  - RNSVG (15.14.0):
+  - RNSVG (15.15.4):
     - boost
     - DoubleConversion
     - fast_float
@@ -2507,10 +2507,10 @@ PODS:
     - ReactCodegen
     - ReactCommon/turbomodule/bridging
     - ReactCommon/turbomodule/core
-    - RNSVG/common (= 15.14.0)
+    - RNSVG/common (= 15.15.4)
     - SocketRocket
     - Yoga
-  - RNSVG/common (15.14.0):
+  - RNSVG/common (15.15.4):
     - boost
     - DoubleConversion
     - fast_float
@@ -2793,7 +2793,7 @@ SPEC CHECKSUMS:
   FBLazyVector: 7cad68537e4268ea85b6b763532fc9a88206eea3
   fmt: a40bb5bd0294ea969aaaba240a927bd33d878cdd
   glog: 5683914934d5b6e4240e497e0f4a3b42d1854183
-  hermes-engine: 77c9e319eee7e1e241283e53a7377152fb825b26
+  hermes-engine: 6001f70f3a14afc3d17b97e9679c092e28071fd6
   RCT-Folly: 59ec0ac1f2f39672a0c6e6cecdd39383b764646f
   RCTDeprecation: 4cf20570eb1415872d0f37c28f34788b52008c60
   RCTRequired: 2f89a85405915cde5896bd74ccaab8b191509e03
@@ -2863,10 +2863,10 @@ SPEC CHECKSUMS:
   ReactAppDependencyProvider: d3cb50450a55777560b4d8ea6b53f6b8efb0bba3
   ReactCodegen: 561c157e3ee4a8c678a49ee0287b37755354bb13
   ReactCommon: 6bb21d31df3c7235e399053862a313fa38308039
-  RNSVG: ea9cbf6dcdbebdfff5822b0ad9311bbc4510a0b7
+  RNSVG: 6a91afc99237de70b617c7a84ba84c988ad5573b
   SocketRocket: d4aabe649be1e368d1318fdf28a022d714d65748
   Yoga: b5cdaf686877e00b5489198163ec055e52f4c4f9
 
-PODFILE CHECKSUM: 1724a8a65795bc3bed5251741119f3e86a24627c
+PODFILE CHECKSUM: 870ad64bffa60495a1eeab5b704bde8080744e72
 
 COCOAPODS: 1.15.2
diff --git a/e2e/cases/4.svg b/e2e/cases/4.svg
new file mode 100644
index 000000000..1515d05ea
--- /dev/null
+++ b/e2e/cases/4.svg
@@ -0,0 +1,22 @@
+<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 200 200">
+  <!-- Test: currentColor with fill-opacity and stroke-opacity -->
+  <!-- Columns: fill only | stroke only | fill + stroke -->
+  <g stroke-width="4">
+    <!-- Row 1: no opacity set -->
+    <rect x="5" y="5" width="55" height="40" color="blue" fill="currentColor" />
+    <rect x="72" y="5" width="55" height="40" color="red" fill="none" stroke="currentColor" />
+    <rect x="139" y="5" width="55" height="40" color="green" fill="currentColor" stroke="currentColor" />
+    <!-- Row 2: fill-opacity=0.5 -->
+    <rect x="5" y="53" width="55" height="40" color="blue" fill="currentColor" fill-opacity="0.5" />
+    <rect x="72" y="53" width="55" height="40" color="red" fill="none" stroke="currentColor" />
+    <rect x="139" y="53" width="55" height="40" color="green" fill="currentColor" fill-opacity="0.5" stroke="currentColor" />
+    <!-- Row 3: stroke-opacity=0.5 -->
+    <rect x="5" y="101" width="55" height="40" color="blue" fill="currentColor" />
+    <rect x="72" y="101" width="55" height="40" color="red" fill="none" stroke="currentColor" stroke-opacity="0.5" />
+    <rect x="139" y="101" width="55" height="40" color="green" fill="currentColor" stroke="currentColor" stroke-opacity="0.5" />
+    <!-- Row 4: fill-opacity=0.5, stroke-opacity=0.5 -->
+    <rect x="5" y="149" width="55" height="40" color="blue" fill="currentColor" fill-opacity="0.5" />
+    <rect x="72" y="149" width="55" height="40" color="red" fill="none" stroke="currentColor" stroke-opacity="0.5" />
+    <rect x="139" y="149" width="55" height="40" color="green" fill="currentColor" fill-opacity="0.5" stroke="currentColor" stroke-opacity="0.5" />
+  </g>
+</svg>
diff --git a/e2e/references/android/4.png b/e2e/references/android/4.png
new file mode 100644
index 000000000..6445d8036
Binary files /dev/null and b/e2e/references/android/4.png differ
diff --git a/e2e/references/ios/4.png b/e2e/references/ios/4.png
new file mode 100644
index 000000000..2352a8642
Binary files /dev/null and b/e2e/references/ios/4.png differ