Based on the change in share price since January 1, 2025, the year's best performers on the ASX 200 include:
Liontown +212%
Regis Resources + 204%
Genesis Minerals +200%
Evolution Mining +177%
Newmont Corp +165%
Vault Minerals +153%
Westgold Resources +130%
Capricorn Metals +130%
Perseus Mining +127%
Eagers Automotive +122%
In contrast, the worst performers on the ASX 200:
HMC Capital -59%
Bapcor -54%
IDP Education -54%
Telix Pharmaceuticals -52%
Treasury Wine Estates -51%
Coronado Global Resources -47%
Boss Energy -46%
Guzman y Gomez -44%
WiseTech Global -44%
Star Entertainment -42%
With gold hitting record highs in 2025, it’s no surprise that the ASX’s top performers were dominated by gold miners. Names such as Regis Resources, Genesis Minerals, Evolution Mining and Newmont Corporation delivered outsized returns as investors sought safety amid uncertainty in traditionally defensive markets, particularly the US.
As rate expectations shifted and geopolitical risks persisted, investors increasingly turned to physical gold and gold equities to consolidate portfolios, rewarding producers with strong margins and balance sheets.
Not all stocks shared in the upside.
Star Entertainment Group emerged as one of the market’s weakest performers in 2025, down 42% for the year. Star’s decline reflected a toxic mix of regulatory scrutiny, operational disruption and balance-sheet stress, with ongoing licence uncertainty weighing heavily on investor confidence. The stock became a case study in how governance and regulatory risk can dominate fundamentals, particularly in highly leveraged consumer-facing businesses.
Likewise, Guzman y Gomez’s burritos were not the only thing that went cold this year, with its share price dropping 44%. After its IPO, the stock struggled as investors reassessed its valuation against a tougher consumer environment, highlighting the market’s growing caution toward high-growth retail stories without clear margin expansion.
