Top 10 ASX growth stocks to watch in April 2025
Read on for an overview of growth stocks, why they’re special, and a list of the top 10 ASX growth stocks in April 2025, selected based on recent market news and ranked by the largest share price return over the past 3 months.
What is an ASX growth stock?
Growth stocks are shares in companies that are expected to grow much faster than a company's average growth within the wider market or within its specific sector.
Instead of paying dividends, any profits generated are ploughed back into the business to help accelerate growth. Accordingly, investors usually hope to profit from capital gains in the short term, with dividend income a potential outcome once major growth has been established.
Some of the best growth stocks, especially those in a specialist niche, trade at a high price-to-earnings ratio. Therefore, would-be investors usually pay a premium in the hope of future growth. However, growth stocks can see rapid declines if the company underperforms, even in just one quarter.
Common traits of the most popular ASX growth stocks often include holding patents or technologies that grant the company a unique marketplace advantage. Therefore, many have a loyal customer base and disproportionately high market share.
One key misunderstanding is that all growth stocks are small caps that have weaker financials or are confined to domestic business. While many are, larger companies can qualify as growth stocks depending on how much market share remains available.
As an extreme example, the US$570 billion market titan Tesla is still a growth stock, delivering less than one million of the 66.7 million automobiles sold in 2021.
Growth Stocks: high risk, high reward?
One of the best-known rules of investing is the risk-reward ratio, whereby investors balance an equilibrium in which higher-risk companies deliver either negative capital growth or far better rewards than value or income investing.
For context, penny stock investing is generally regarded as very high-risk but with the potential for exceptional returns.
Conversely, income stock investing through blue chip companies for dividends is relatively low risk, but returns can take years to become meaningful.
ASX growth stocks take their place somewhere in the middle. Of course, many investors
choose to invest in a diversified portfolio that includes multiple different growth stocks to account for the risk of an individual failure. And in this recessionary environment, it can make sense to buy the dip slowly through dollar-cost averaging to further mitigate the chances of losing capital.
Fundamentally, all investing comes with risk. Tesla proponents believe the EV trailblazer could one day become the automobile production market leader. However, any threat to this goal through competition or similar could cause a sharp correction in the future. Conversely, if Tesla succeeds, its future market cap may make the current valuation look small.
Another common growth stock example is biotech companies, some of whose valuations are underpinned by one drug or treatment. If the drug fails in the trial stages, the share price can collapse, as has happened to Synairgen, BridgeBio Pharma, Sensorion, and Rafael, among countless others.
What makes ASX growth stocks special right now?
Right now, ASX growth stocks are stealing the spotlight thanks to their resilience and ability to harness long-term global trends. Even as high interest rates and cautious consumer spending weigh on the broader economy, these stocks stand out for their innovation, strong fundamentals, and alignment with today’s most essential sectors.
Thriving in technology
Australia’s tech sector is currently a major draw for investors, with companies like Xero and TechnologyOne showing impressive growth.
Xero, an accounting software provider for small and medium businesses, has built a loyal customer base by saving users hours of manual work weekly. This has made its services indispensable, especially as businesses increasingly rely on digital solutions.
Similarly, TechnologyOne offers enterprise software that helps organisations streamline their operations. Both companies have demonstrated the kind of steady, recurring revenue that gives them resilience in challenging economic climates.
Healthcare innovation
The healthcare and biotech sectors are also thriving, driven by innovation and global demand.
Mesoblast, a leader in regenerative medicine, is advancing its therapies for conditions like chronic heart failure. This reflects the sector’s ability to address critical health challenges, making it less tied to economic cycles and highly appealing to long-term investors.
Retail resilience
The consumer space, particularly premium retail, is another area piquing investor interest. Jewellery retailer Lovisa continues to expand internationally – building on its established reputation and solid growth history. Despite a pullback in discretionary spending, Lovisa’s global strategy and innovative approach have positioned it as a leader in its niche.
Driving the clean energy future
Sustainability-focused companies are booming as the world transitions to cleaner energy.
For instance, Battery Minerals recently saw its share price soar, reflecting growing optimism about its role in the development of materials essential for renewable energy technologies. These stocks are aligning themselves with the global push for decarbonisation, making them a pivotal part of future-focused portfolios.
Opportunities for value
Recent market corrections have left many growth stocks trading at more attractive valuations, making this an opportune time for savvy investors. As interest rates stabilise, these companies are positioned to deliver significant returns – particularly those in sectors like tech, healthcare, and sustainability that are driving global transformation.
With their ability to innovate, adapt, and lead in transformative industries, ASX growth stocks represent a compelling opportunity for investors looking to the future.
With that in mind, here is a list of ten ASX growth stocks for investors to consider.
Remember, past performance is not an indicator of future returns.
Top 10 ASX growth stocks to watch
These shares have been selected due to their substantial share price returns over the past three months. While they may not necessarily represent the best long-term growth investments, they have garnered significant investor interest.
Ausquest Ltd (ASX: AQD)
Ausquest Ltd is a mineral exploration company on the hunt for large-scale deposits of copper, zinc and nickel across Australia and Peru.
Backed by a strategic alliance with global mining giant South32, Ausquest benefits from strong technical support and funding partnerships. The company’s standout performance in early 2025 is largely due to renewed investor interest in its Andean copper prospects and positive sampling results from its WA-based projects.
A 637.5% share price return over the last quarter is nothing short of extraordinary, catapulting the company into the spotlight among speculative growth investors. While still pre-revenue and in early stages of exploration, Ausquest is riding a wave of momentum as the market seeks out the next big resource discovery. It’s a classic high-risk, high-reward play for those bullish on the long-term demand for battery and base metals.
Ausquest Ltd has achieved a 637.5% share price return over the last three months.
Market cap: $71.41 million.
Saferoads Holdings Ltd (ASX: SRH)
Saferoads Holdings is a specialist provider of road safety products and solutions, including crash barriers, lighting, and traffic management systems.
With a core customer base in local councils and infrastructure contractors, the company is well-positioned to benefit from increased public spending on road upgrades and transport infrastructure. Recent contract wins and a shift toward recurring revenue streams have helped reinvigorate investor confidence.
The company’s share price has surged by 290.2% in the last three months – an impressive rebound for a microcap previously flying under the radar. With its product suite geared towards regulatory compliance and safety innovation, Saferoads could appeal to investors looking for exposure to infrastructure growth without the usual big-cap baggage.
Saferoads Holdings Ltd has achieved a 290.2% share price return over the last three months.
Market cap: $6.99 million.
Ozaurum Resources Ltd (ASX: OZM)
Ozaurum Resources is an early-stage gold exploration company focused on the prolific Menzies goldfields in Western Australia.
With drilling programs delivering high-grade intercepts and a growing resource base, the company has rapidly attracted attention. Its flagship Mulgabbie North project continues to report promising assays, fuelling optimism around future development potential.
A 239.3% rally in the share price over three months reflects growing market excitement around gold juniors as the precious metal trades near all-time highs. While still speculative, Ozaurum has momentum, a defined exploration strategy, and the kind of geology that could turn heads. It’s one for the gold bulls watching the junior space closely.
Ozaurum Resources Ltd has achieved a 239.3% share price return over the last three months.
Market cap: $22.44 million.
GreenHy2 Ltd (ASX: GH2)
GreenHy2 is a clean energy company with a focus on producing green hydrogen using renewable electricity.
It’s part of Australia’s emerging hydrogen economy, with interests in developing scalable, low-emissions hydrogen projects for domestic and export markets. While still in the development phase, the company’s story has resonated with investors keen on early exposure to decarbonisation themes.
Its 225% share price increase over the past quarter underscores growing enthusiasm for green hydrogen as a future energy source. With policy support and investor sentiment swinging in favour of renewables, GreenHy2 could be a speculative bet with long-term tailwinds, though it’s not without execution risk.
GreenHy2 Ltd has achieved a 225% share price return over the last three months.
Market cap: $5.98 million.
EcoGraf Ltd (ASX: EGR)
EcoGraf is working to position itself as a key supplier in the lithium-ion battery value chain, focusing on graphite purification and processing.
Its flagship developments in Tanzania and WA aim to deliver high-purity battery anode materials to global manufacturers. The company has attracted attention for its potential to supply ethically sourced, non-Chinese graphite – a hot topic amid geopolitical concerns and battery supply chain disruptions.
With a 219.8% rise in share price recently, EcoGraf has re-emerged as a favourite in the critical minerals narrative. It’s particularly appealing to ESG-minded investors seeking exposure to electrification and battery storage, as well as those looking to diversify away from the lithium-heavy plays.
EcoGraf Ltd has achieved a 219.8% share price return over the last three months.
Market cap: $136.24 million.
Koonenberry Gold Ltd (ASX: KNB)
Koonenberry Gold is targeting underexplored gold tenements in the Koonenberry Belt of north-western New South Wales.
The region shares geological similarities with other prolific gold belts in Australia, and recent drilling has delivered encouraging signs. The company has also been actively expanding its landholding and refining its exploration targets.
A 217.6% gain in just three months signals rising investor belief in the company’s exploration potential. While it remains an early-stage play, Koonenberry offers exposure to grassroots gold discoveries – the kind of speculative opportunity that can turn modest investments into serious returns if mineralisation holds up.
Koonenberry Gold Ltd has achieved a 217.6% share price return over the last three months.
Market cap: $39.34 million.
Kalgoorlie Gold Mining Ltd (ASX: KAL)
Kalgoorlie Gold Mining is exploring projects in the heart of WA’s Goldfields, one of the most productive gold regions globally.
The company is targeting shallow, high-grade deposits and has reported solid early drilling results across its Bulong and Laverton projects. Recent announcements have hinted at strong continuity of mineralisation and the potential for near-term resource definition.
Its share price has jumped 184.2% over the past three months, reflecting renewed interest in gold explorers with proven tenements. Kalgoorlie Gold Mining appeals to those who want a low-cost entry into a historically rich mining area, with the potential for near-term discovery-driven upside.
Kalgoorlie Gold Mining Ltd has achieved a 184.2% share price return over the last three months.
Market cap: $18.30 million.
Native Mineral Resources Holdings Ltd (ASX: NMR)
Native Mineral Resources is a junior explorer with a multi-commodity approach, targeting copper, gold, and rare earths across Queensland and WA.
It has made recent progress in advancing its Helios rare earth project and has also reported promising copper results from its Palmerville prospect. The diversity of its portfolio offers flexibility in responding to shifting commodity trends.
The company’s 180.5% share price surge signals growing market optimism around its rare earths exposure in particular, with investors scrambling to gain exposure to strategic minerals outside of China. While still early days, Native Mineral could benefit from growing geopolitical interest in supply chain security and green tech materials.
Native Mineral Resources has achieved a 180.5% share price return over the last three months.
Market cap: $86.80 million.
Wellard Ltd (ASX: WLD)
Wellard Ltd operates in the livestock export and logistics space, providing specialised vessels for the transport of live cattle and sheep.
It’s a cyclical industry, but recent improvements in operational efficiency and reduced debt have helped turn sentiment around. Wellard’s long-term contracts and access to key export markets in Asia and the Middle East offer a pathway to steadier earnings.
With a 174.2% share price gain in the past three months, the market appears to be pricing in a turnaround story. Investors intrigued by the agribusiness sector may view Wellard as a comeback play, particularly if demand for protein exports continues to rebound post-pandemic.
Wellard Ltd has achieved a 174.2% share price return over the last three months.
Market cap: $90.31 million.
Wide Open Agriculture Ltd (ASX: WOA)
Wide Open Agriculture is an innovative agri-food business promoting regenerative farming and sustainable food production.
Its key products include plant-based proteins, oat milk and other clean-label items, sold under the “Dirty Clean Food” brand. The company has recently secured new export contracts and expanded its production capacity, attracting investors interested in ethical food trends.
Its 171.4% share price rally is a reflection of renewed market interest in sustainable agriculture and alternative protein. While still a small-cap, Wide Open Agriculture is carving out a distinct niche, and growth-focused investors with an eye on ESG themes may find it a compelling watchlist candidate.
Wide Open Agriculture Ltd has achieved a 171.4% share price return over the last three months.
Market cap: $11.21 million.
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