Top 5 ASX growth shares to watch in October 2025

What are ASX growth shares?

ASX growth shares are companies that reinvest profits to fuel rapid expansion rather than pay dividends (most of the time). The five stocks in this article prove the point – they've delivered returns of up to 26.27% in just three months, and while three stocks on our list pay dividends, these are small enough that the companies can reinvest the majority of their profits to drive growth.

These companies typically trade at high price-to-earnings (P/E) ratios because investors pay a premium for future growth. For example, Megaport currently trades at a P/E of 396.75, while Objective Corporation sits at 56.58 – both reflecting expectations of continued expansion.

The top ASX growth shares often dominate niche markets through proprietary technology. This is true in the case of Megaport’s software services, Objective’s content and process management solutions, and Pacific Current’s unique strategy of supporting global fund managers.

The trade-off, though, is that growth shares can fall as fast as they rise. Miss quarterly expectations by even a small margin, and share prices can tumble rapidly.

How growth shares compare to other share types

What are the advantages and disadvantages?

The stocks featured in this article exemplify the volatility inherent in growth shares. Take Praemium, for instance, which experienced a respectable 26.27% surge in just three months. In contrast, Pacific Current achieved a more modest 1.94% gain with substantial volatility during that time, highlighting the diverse range of outcomes within this category.

Growth shares occupy a middle ground between high-risk penny stocks and the more stable blue-chip dividend stocks. They offer the potential for substantial gains without the extreme volatility of speculative plays.

However, the risk lies in how these companies typically reinvest profits rather than distribute dividends, meaning investors rely solely on share price appreciation. Failure to meet growth targets can result in share prices falling as dramatically as they rise.

What makes ASX growth shares special right now?

Several powerful catalysts are driving solid ASX growth share performance in 2025, with our featured stocks gaining up to 26.27% in just three months.

• AI boom: Megaport launched Megaport AI Exchange (AIx) to transform AI infrastructure, as it did with cloud computing when it was new on the scene
• Mining growth: Emerald Resources has a laser focus on gold mining, transitioning from exploring to producing the precious metal in recent years, showing strong forward momentum
• Finance overhaul: Companies like Praemium and Objective Corporation are transforming the way finance and fintech organisations operate, the latter of which helps organisations manage information securely and efficiently in the digital era

Australia's stable regulatory environment and strong tech sectors provide a perfect launchpad for these growth stories to unfold.

Top 5 ASX growth shares to watch in October 2025

These five stocks delivered exceptional returns between June and September 2025. Here's what each company offers and why traders are paying attention.

Our selection criteria

• Performance: Up to 26.27% gains in three months (June – September 2025)
• Volatility: For CFD traders, volatility presents opportunities to take a position
• Growth focus: Profits reinvested in R&D and expansion
• Sector diversity: Tech, finance and mining coverage

Past performance doesn't guarantee future returns – all investments and trades carry risk.

Overview of the ASX growth shares in this article

You can trade all the shares listed in this article via CFDs through our platform, and also buy and sell all of them via our share trading platform.

1. Praemium Limited (ASX: PPS)

Industry: Fintech

Market cap: A$367.84 million¹

P/E ratio: 27.31²

Praemium is a fintech company that provides investment platform services to financial advisers, wealth managers and institutions. Its technology helps advisers manage client portfolios, track performance and provide reporting in a streamlined way. The company operates in Australia and internationally, including the UK and other markets.

For investors, Praemium is positioned as a growth play on the digital transformation of wealth management. More advisers are moving their clients onto investment platforms to simplify compliance, reduce paperwork and improve transparency.

Praemium has been steadily increasing funds under administration (FUA), which is a key driver of its revenues.

Like many growth companies, it tends to reinvest earnings into expanding technology and services, so dividends are limited.

For CFD traders, it’s interesting because its stock has seen periods of significant volatility. This is often tied to announcements about FUA growth, product innovations or strategic changes, such as divestments or acquisitions. The smaller market capitalisation compared with big banks or miners also means liquidity can be thinner, which can amplify price swings.

Highlights:

• Share traders should be aware that Praemium’s valuation often prices in high growth expectations, meaning share price moves can be sharp around earnings results or guidance updates
• In its recent FY25 annual report, the company shared that it had increased revenue from contracts with its customers by 25% – translating to A$103 million³
• It did pay dividends; however, these were relatively small, coming in at A$12.3 million in total⁴
• The share price has increased a healthy 26.27% over the past three months, as of 26 September 2025

2. Emerald Resources NL (ASX: EMR)

Industry: Mining

Market cap: A$3.10 billion⁵

P/E ratio: 35.58⁶

Emerald Resources is a gold mining company, best known for its Okvau Gold Project in Cambodia. The company has transitioned from explorer to producer in recent years, delivering steady output and building its reputation as a successful mid-tier gold stock on the ASX. Gold is often considered a defensive asset, providing stability during periods of economic uncertainty.

For share traders, Emerald represents growth potential in the precious metals space. Unlike the large, diversified miners, Emerald is focused on gold alone, which means its performance is highly leveraged to the gold price. If gold rallies, the company’s profits can expand quickly.

From a CFD trading perspective, Emerald’s smaller market size, compared with giants like Rio Tinto, means the share price can be more volatile. Over the past three months, the stock has experienced noticeable swings, making it a candidate for short-term traders who want to take advantage of momentum.

Highlights:

• For sustainability-minded share traders, Emerald used 86% recycled water at its processing plant, and recycled 109 tons of scrap steel in FY25⁷
• The company has never paid dividends, in line with most growth companies
• As of 26 September 2025, the share price increased by 17.33% over the preceding three months

3. Megaport Limited (ASX: MP1)
 

Industry: Network as a service (NaaS)

Market cap: A$2.71 billion⁸

P/E ratio: 396.75⁹

Megaport operates the largest software-defined network (SDN) platform globally, providing around 975 data centres in 26 countries in North America, Europe, Asia and Australia. It’s a leader in NaaS solutions.

It launched Megaport AI Exchange (AIx), aiming to transform AI infrastructure in the same way it did with cloud technology when it first opened. This ecosystem is designed with various service providers, enabling clients to use third-party AI models, GPU as a service provider (GPUaaS) and handle complex, intensive tasks like training deep learning (DL) models.

During 2025, the company has been focused on expanding its global footprint, targeting financial services clients primarily.  

Highlights:

• The company’s share price has seen a 17.73% increase over the past three months, as of 26 September 2025
• CFD traders will notice that Megaport’s shares can be sensitive to news about earnings, subscriber growth or global cloud adoption trends. Its relatively high volatility compared with older ASX companies makes it attractive for short-term trading strategies
• The company delivered record performance in the year ended 30 June 2025, with annual recurring revenue having grown by 20%¹⁰

4. Pacific Current Group Limited (ASX: PAC)

Industry: Finance

Market cap: A$333.20 million¹¹

P/E ratio: 21.12¹²

Pacific Current Group is an investment management business that partners with boutique asset managers globally. Rather than directly managing funds itself, it takes stakes in high-performing firms, providing them with capital and strategic support.

Its portfolio spans equities, fixed income and alternatives, giving it broad exposure to different parts of the investment market.

For share traders, PAC offers exposure to a diversified group of fund managers, which means performance depends on how well those managers attract clients and deliver returns.

It’s different from the big ASX financial names, as PAC is smaller and nimbler, but that also means results can be uneven. Over time, successful partnerships can translate into rising earnings and shareholder value.

For CFD traders, PAC has been particularly interesting lately due to sharp volatility in its share price. Over the past three months, the stock has seen pronounced swings, driven by earnings announcements and investor sentiment around global markets. This makes it attractive for traders seeking short-term opportunities.

Highlights:

• For share traders, it’s about patient exposure to boutique growth, while CFD traders may find its volatility appealing
• Its share price has seen a very humble 1.94% increase over the past three months (as of 26 September 2025), but is up 89.66% over the past five years¹³

5. Objective Corporation Limited (ASX: OCL)

Industry: Information technology

Market cap: A$1.98 billion¹⁴

P/E ratio: 56.58¹⁵

Objective Corporation is a software company specialising in content and process management solutions, mainly for government and regulated industries. Its products help organisations manage information securely and efficiently, which has become increasingly important in the digital era.

The company operates across Australia, New Zealand, the UK and beyond, giving it international reach.

For share traders, Objective is appealing as a stable, growing software business. It has a track record of consistent revenue growth, supported by recurring income from software subscriptions.

Unlike some tech stocks, it tends to run a profitable and cash-generative model, which helps build confidence in its long-term outlook. It reinvests earnings to fuel expansion, so dividends are limited.

For CFD traders, Objective’s stock tends to be less volatile than fast-moving fintechs or miners, but it can still see meaningful moves around earnings releases or major contract announcements. Liquidity is lower than some larger ASX tech names, so traders may need to be more patient with their positions.

Highlights:

• As of 26 September 2025, its share price has risen by 9.41% over the past three months
• Its most recent annual report for FY25 indicates that revenue grew by 5% – translating to A$124 million¹⁶
• Its net profit after tax was A$35 million during the same period¹⁷

How to trade ASX growth shares with IG Australia

CFDs

1. Open a CFD trading account with IG AU
2. Search for ASX growth shares on the IG platform
3. Decide whether to go long (buy) or short (sell)
4. Choose your position size
5. Set stop-loss and limit orders
6. Place your trade and monitor it

Share trading

1. Open a share trading account with IG AU
2. Search for ASX growth shares
3. Choose the stock you want to buy
4. Determine how many shares you want to purchase
5. Place your order
6. Monitor your investment 

FAQs about growth shares 

Footnotes
 

1. TradingView, September 2025
2. TradingView, September 2025
3. Praemium, August 2025
4. Praemium, August 2025
5. TradingView, September 2025
6. TradingView, September 2025
7. Emerald Resources, August 2025
8. TradingView, September 2025
9. Wisesheets, September 2025
10. Megaport, August 2025
11. TradingView, September 2025
12. TradingView, September 2025
13. TradingView, September 2025
14. TradingView, September 2025
15. TradingView, September 2025
16. Objective, August 2025
17. Objective, August 2025