In this article, we explore the 10 Best Performing ASX Stocks in 2025.
Australian equities have delivered strong returns in 2025. The S&P/ASX 200 Index is up 7.15% year-to-date, and about 20% above the April 7 slump. Australia, like many other countries that trade with the US, has suffered from President Donald Trump’s tariff policies. In fact, Oxford Economics placed the blame at the tariffs’ door when predicting that Australia’s GDP will “remain subdued at 1.8%” in 2025.
Despite the headwinds, the average Australian investor is quite bullish. Findings from the Australian Shareholders’ Association (ASA) Investor Sentiment Survey indicate that over 60% are somewhat or very confident in the sharemarket. Nothing demonstrates this bullishness better than individual stock performances; several Australian Stock Exchange (ASX) companies have posted triple-digit gains throughout the year. According to IG Australian analysts, growth shares in technology and defense-related stocks “have delivered exceptional returns.” Several sectors have pulled ahead: in June alone, energy grew 9.0%, financials upped 4.3%, and communications increased by 1.6%, outpacing weaker showings in materials and consumer staples. At the same time, analysts point to improved global trade dynamics and supportive domestic policies as key underpinnings that will propel Australian stocks in the remainder of 2025.
With that context, some ASX-listed companies, which are available to US investors, have stood out with exceptional performance. This article highlights the best 10.
Our Methodology
To identify the 10 best-performing ASX stocks in 2025, we used the Finviz stock screener and market data from Yahoo Finance, supplemented with insights from other reputable financial platforms. Our focus was on stocks with only those showing positive year-to-date returns as of September 26, 2025, making the cut. We then incorporated institutional ownership trends from Insider Monkey’s Q2 2025 hedge fund database. The final ranking is presented in ascending order based on year-to-date performance.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Performing ASX Stocks in 2025
10. Immuron Limited (NASDAQ:IMRN)
Year-To-Date Returns: 13.53%
Number of Hedge Fund Holders: N/A
Immuron Limited (NASDAQ:IMRN) is one of the best performing ASX stocks in 2025. The company released its annual report for 2025 on September 25, in which it reported a 49% growth in global revenue for fiscal year 2025. It stated that much of the growth was due to robust sales of its flagship traveler’s diarrhea product, Travelan. North American sales for Travelan increased by 76% to A$2 million, attributed to Amazon and Canadian retail growth. Australian sales rose 40% to AU$5.3 million, aided by new pharmacy channels.
The company’s net loss for the financial year reduced 24% year-over-year to AU$5.25 million. And loss per share was also better than FY2024’s: A$0.023 for FY2025, compared to AU$0.03. Gross margins for the year remained robust at 65.4%. At year-end, Immuron held AU$2.83 million in cash, down from AU$11.66 million the previous year. Shareholders’ equity stood at AU$8 million, compared to AU$12.7 million in 2024. And there was no significant long-term debt on the balance sheet; total debt remained minimal.
Immuron Limited (NASDAQ:IMRN) is one of Australia’s largest biopharmaceutical companies. It specializes in orally delivered targeted polyclonal antibodies for gastrointestinal and infectious diseases. Its flagship product is Travelan.
9. BHP Group Limited (NYSE:BHP)
Year-To-Date Returns: 14.05%
Number of Hedge Fund Holders: 29
BHP Group Limited (NYSE:BHP) is one of the best performing ASX stocks in 2025. On September 16, BHP Mitsubishi Alliance (BMA) – a joint venture between BHP and Mitsubishi Development – said it will cut 750 jobs across Queensland. BMA will also suspend operations at the Saraji South coking coal mine. The joint venture will place the Saraji South site into care and maintenance, starting in November 2025, effectively halting active mining at that location. Of the 750 jobs, direct coal production jobs affected at Saraji South will number around 72. The remainder impacts corporate and broader support staff across Queensland operations.
BMA attributes its decision to two key factors: high Queensland state royalties on coal sales and soft global coking coal prices. The company’s President, Adam Lancey, stated the decision was “necessary” due to the combined impact of “the Queensland government’s unsustainable coal royalties and market conditions.” He added, “As joint owners of BMA, BHP and Mitsubishi Development regret the necessity of pausing operations and the resulting job losses, but these decisions are vital”. The Queensland government recently reiterated that it would maintain the royalty regime and not consider lowering the charges.
BHP Group Limited (NYSE:BHP) is the world’s largest diversified mining company. It produces iron ore, copper, coal, and nickel, with major operations in Australia and the Americas.
8. Westpac Banking Corporation (OTCMKTS:WEBNF)
Year-To-Date Returns: 18.07%
Number of Hedge Fund Holders: N/A
Westpac Banking Corporation (OTCMKTS:WEBNF) is one of the best performing ASX stocks in 2025. On September 24, the company said it will offload around 200 teller and personal banking roles across its Australian branch network. The cuts specifically target in-person counter services.
The leadership stated that the move is a response to rapid customer migration to digital banking channels. To this end, the company will invest AU$200 million (about $132 million) over three years to upgrade ATMs and branch facilities. It will also inject AU$5 million for staff training for FY26. Management stated that some affected employees may be redeployed into lending roles or receive retraining for work in digital support roles.
At the same time, Westpac will add 200 positions in home lending and small business banking. This is part of the strategy to expand these sectors, aiming to capitalize on Australia’s growing broker channel. The company determined that these segments have higher lending margins; business lending was up 14% year-over-year.
Westpac Banking Corporation (OTCMKTS:WEBNF) is one of Australia’s “Big Four” banks. It provides retail, business, and institutional banking services across Australia, New Zealand, and the Pacific.
7. ANZ Group Holdings Limited (OTCMKTS:ANZGY)
Year-To-Date Returns: 22.29%
Number of Hedge Fund Holders: N/A
ANZ Group Holdings Limited (OTCMKTS:ANZGY) is one of the best performing ASX stocks in 2025. On September 15, the company said it had reached an agreement with the Australian Securities and Investments Commission (ASIC) to resolve five regulatory investigations in its Australian Markets and Retail businesses. The settlement, pending Federal Court approval, obligates ANZ to pay a total of AU$240 million in penalties.
ANZ will pay AU$85 million for its actions as duration manager during a 2023 10-year Treasury Bond issuance by the Australian Office of Financial Management (AOFM); AU$40 million for submitting inaccurate bond turnover data and making misleading attestations to authorities; AU$40 million for failures related to interest payments and the posting of correct rates on certain Online Saver accounts; AU$40 million for not meeting obligations in handling customer hardship notices; and AU$35 million for breaches in managing deceased customer estates.
Paul O’Sullivan, ANZ Chairman, acknowledged mistakes and issued an apology to impacted customers. He confirmed that executives were held accountable, including through reductions in remuneration for involved leaders. CEO Nuno Matos stated, “The failings outlined are simply not good enough and they reinforce the case for change… my expectation is that we see measurable improvements across the bank to better protect and care for our customers and to create a more sustainable business.”
ANZ Group Holdings Limited (OTCMKTS:ANZGY) is one of Australia’s largest banking and financial services institutions. It offers retail, commercial, and institutional banking across more than 30 markets.
6. Alterity Therapeutics Limited (NASDAQ:ATHE)
Year-To-Date Returns: 22.60%
Number of Hedge Fund Holders: 1
Alterity Therapeutics Limited (NASDAQ:ATHE) is one of the best performing ASX stocks in 2025. On September 15, the company shared data from its Phase 2 clinical trial of the drug ATH434-201 at the American Neurological Association Annual Meeting in Baltimore. The clinical trial involved people with Multiple System Atrophy (MSA), a rare brain condition that makes movement, balance, and some bodily functions much harder over time. 77 adult participants took part; they were randomly divided into groups to receive either ATH434 at two different doses (50mg or 75mg) or a placebo (dummy pill) for 12 months.
The data showed that ATH434 helped slow the worsening of MSA symptoms. It also made it easier for patients to continue their day-to-day activities. Improvements were seen in patients’ scores on the activities of daily living scale (UMSARS Part I, a tool that measures disability in everyday tasks). People taking ATH434 also showed better movement and maintained function in their outpatient activities, as tracked by wearable sensors.
The drug was easy for patients to tolerate, and the rate of side effects was similar to those seen in the placebo group; no serious problems were linked to taking ATH434. This drug is the first medication, with a “Fast Track” status from the FDA, that can slow the progression of MSA.
Alterity Therapeutics Limited (NASDAQ:ATHE) is a biotechnology company that develops disease-modifying treatments for neurodegenerative disorders. Its lead drug candidate is ATH434, which has FDA Fast Track and Orphan Drug designations.
5. Brambles Limited (OTCMKTS:BXBLY)
Year-To-Date Returns: 33.29%
Number of Hedge Fund Holders: N/A
Brambles Limited (OTCMKTS:BXBLY) is one of the best performing ASX stocks in 2025. On September 25, the company announced that it had ceased 277,706 shares (fully paid) effective September 26, 2025. This cessation is part of Brambles’ on-market buy-back program.
The company made a similar move on September 24, when it ceased trading 125,364 shares, effective September 24, 2025, and 295,002 shares as of September 19, 2025. Brambles announced a plan to repurchase up to $400 million worth of shares in FY26, following similar actions taken over the past year. The company’s board may adjust, suspend, or stop the buy-back plan at any time, depending on market conditions and the company’s financial priorities.
Brambles Limited (OTCMKTS:BXBLY) is a global supply chain logistics company. It is best known for its CHEP-branded pallet and container pooling services, which support retailers, manufacturers, and distributors worldwide.
4. Northern Star Resources Limited (OTCMKTS:NESRF)
Year-To-Date Returns: 48.60%
Number of Hedge Fund Holders: N/A
Northern Star Resources Limited (OTCMKTS:NESRF) is one of the best performing ASX stocks in 2025. On September 11, Goldman Sachs updated its view on gold stocks for 2025, where it increased its long-term gold price forecast to $3,300 per ounce (up from $2,850), and suggested prices could climb as high as $4,500–$5,000 in certain situations. Northern Star is one of the companies covered in this update. The bank named Northern Star as a well-positioned “Buy” among Australia’s large-cap gold miners.
Goldman Sachs explained that Northern Star is relatively undervalued compared to peers and should benefit from higher gold prices, both in stable and extreme market scenarios. The bank expects gold stocks, including Northern Star, to outperform the actual commodity price through 2025, thanks to strong profit margins.
Northern Star Resources Limited (OTCMKTS:NESRF) is an Australian gold mining company. It acquires, explores, develops, and operates gold deposits across Western Australia, the Northern Territory, and Alaska. Its primary assets include the Kalgoorlie Consolidated Gold Mines, the Yandal and Pogo operations, and the recently acquired Hemi gold project. Its main product is gold bullion, produced through large-scale open-pit and underground mining operations.
3. Liontown Resources Limited (OTCMKTS:LINRF)
Year-To-Date Returns: 79.71%
Number of Hedge Fund Holders: N/A
Liontown Resources Limited (OTCMKTS:LINRF) is one of the best performing ASX stocks in 2025. On September 24, the company appointed Greg Jason as Chief Financial Officer (CFO), effective December 18, 2025. The new CFO has previously occupied a similar role at Austal Limited, TLEA (the Tianqi Lithium and IGO joint venture), and Pilbara Minerals. Liontown also announced that Lisa Breen will join as Chief People Officer, effective October 13, 2025. Lisa comes from MMA Offshore Limited, where she was Executive General Manager Human Resources, and previously held executive HR roles at Austal.
Managing Director and CEO Tony Ottaviano welcomed the new appointees, saying that their diverse backgrounds and skillsets will be invaluable to the company as it transitions to being Australia’s only underground lithium mine operator and aims for further growth. He thanked Graeme Pettit for his role as interim CFO.
Liontown Resources Limited (OTCMKTS:LINRF) is an Australian lithium developer and producer. It acquires, explores, and develops hard-rock lithium deposits. Its flagship Kathleen Valley Lithium Project in Western Australia has emerged as one of the world’s largest new spodumene operations.
2. Perseus Mining Limited (OTCMKTS:PMNXF)
Year-To-Date Returns: 99.36%
Number of Hedge Fund Holders: N/A
Perseus Mining Limited (OTCMKTS:PMNXF) is one of the best performing ASX stocks in 2025. On September 19, the company announced that it had received official authorization (a Presidential Decree) on September 18, 2025, to begin building and operating an underground mine at its Yaouré Gold Mine in Côte d’Ivoire, West Africa. Côte d’Ivoire’s President issued this decree after the company completed the required environmental and social impact assessments.
Perseus Mining stated that infrastructure projects for underground mining at Yaouré are already complete, allowing work to commence immediately. The next step is starting the main tunnel (called a “decline”) using equipment from Byrnecut, Perseus’s underground mining contractor. The company will invest $170 million in the project. And it expects the first ore to be produced in January 2026. Perseus anticipates commercial-scale mining to launch in March 2027.
Yaouré is now the site of Côte d’Ivoire’s first modern underground gold mine. The project will allow Perseus to access richer, deeper parts of the ore body. Perseus aims for Yaouré to contribute roughly one-third of total company gold production over the next decade.
Perseus Mining Limited (OTCMKTS:PMNXF) is an Australian gold mining company. It acquires, explores, develops, and operates gold properties across West Africa, primarily through its Edikan Gold Mine in Ghana and the Sissingué and Yaouré gold mines in Côte d’Ivoire. Its main product is gold bullion, produced from both open-pit and underground mining operations.
1. IREN Limited (NASDAQ:IREN)
Year-To-Date Returns: 371.38%
Number of Hedge Fund Holders: 39
IREN Limited (NASDAQ:IREN) is one of the best performing ASX stocks in 2025. On September 22, the company said it had doubled its GPU fleet to 23,000 units after acquiring 12,400 more GPUs for about $674 million. The expanded fleet now includes a mix of NVIDIA H100s & H200s (1,900), NVIDIA B200s & B300s (19,100), NVIDIA GB300s (1,200), and AMD MI350Xs (1,100).
IREN raised its annualized run-rate revenue (ARR) target for its AI Cloud segment to more than $500 million by the end of Q1 2026. The company previously targeted 10,900 GPUs by year-end, but strong market demand led to a larger fleet and a higher ARR goal. It now plans to support up to 60,000 GPUs, especially at its British Columbia sites.
The management expects that the GPU investments will bolster long-term revenue and improve operational efficiency. It is particularly banking on the Blackwell architecture, which offers improvements in AI performance and energy efficiency. Deliveries and deployment will occur at the Prince George campus and other facilities in British Columbia.
IREN Limited (NASDAQ:IREN) is a sustainable Bitcoin mining and AI infrastructure company. It develops and operates large-scale data centers powered by renewable energy, with major facilities in Texas and British Columbia. Its main products are mined bitcoin and high-performance AI cloud services.
While we acknowledge the potential of IREN Limited (NASDAQ:IREN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IREN and that has 100x upside potential, check out our report about the cheapest AI stock.
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