ASX growth stocks are expected to generate earnings growth and revenue that exceed its industry peers. Best Growth stocks to buy now are
Treasury Wine Estates Limited (ASX: TWE)
Treasury Wine Estates Limited delivered a strong top-line performance in 1Q25, with Group Net Sales Revenue (NSR) achieving double-digit organic growth compared to the previous corresponding period (pcp). This was driven by the luxury-led strategy, particularly in the Penfolds brand, which continues to gain momentum across Asia and Australia. China’s performance was in line with expectations, supported by robust customer re-ordering and depletions during the Mid-Autumn Festival.
Net sales revenue grew by 13% to A$2.7 billion, bolstered by the strong performance of both the Penfolds brand and Treasury Americas. The global luxury brand portfolio saw a 30% revenue increase or 14% organically. Group EBITS rose 13% to A$658 million, driven by the luxury portfolio and the contribution from the acquisition of DAOU Vineyards in the second half of the year. However, statutory net profit after tax declined due to non-cash goodwill impairments, primarily within the Commercial brands of Treasury Premium Brands.
A notable highlight for FY25 was the completion of the US$900 million acquisition of DAOU Vineyards, a prestigious US luxury wine producer. Following the realignment of distributor arrangements in 1Q25, Treasury Americas’ Luxury portfolio performance is expected to accelerate in 2Q25, coinciding with the key holiday selling season.
TWE, is among high growth stocks, as it maintains its FY25 EBITS guidance in the range of A$780-810 million, driven by robust top-line growth across its luxury brand portfolio. The integration of DAOU Vineyards is progressing well, with the company on track to deliver synergies of over US$20 million by the end of FY26.
TWE also plans to deleverage in FY25, targeting a leverage range of 1.5-2.0x. The company expects Penfolds to maintain a strong growth trajectory, with EBITS growth anticipated to rise from low double-digits in FY25 to approximately 15% in FY26 and FY27.
One of the best growth stocks, TWE remains focused on its goal to become the world’s most desirable luxury wine company, leveraging its strong brand equity and diversified growth strategy to drive performance across its luxury portfolio.
Ioneer Ltd (ASX: INR)
In its initial announcement in September 2024, Ioneer Ltd (ASX: INR) reported promising drilling results from the Rhyolite Ridge Lithium-Boron Project, where lithium grades in all 12 holes exceeded 2000 ppm—well above previous estimates and over 20% higher than comparable mineral resource averages.
Following this, Ioneer has moved one step closer to construction at Rhyolite Ridge, becoming the first lithium project to reach this advanced stage of the environmental permitting review process under the Biden Administration, which aims to accelerate U.S. lithium production.
Ioneer Ltd is one of the growing companies to invest in as it stands out among emerging lithium companies due to several key differentiators.
Ioneer has established binding agreements with major industry players like Ford, Toyota-Panasonic, and EcoPro, enhancing its market position and ensuring demand for its lithium products.
The company boasts a substantial multi-generational scale potential with a Mineral Resource Estimate of 3.4 million tonnes of lithium carbonate equivalent (LCE), positioning it for long-term production and supply stability.
Ioneer has received strong backing from the U.S. government, including a conditional commitment for a loan of up to $700 million from the U.S. Department of Energy’s Loan Programs Office, which underscores its importance in the domestic EV supply chain.
Ioneer is focused on developing the Rhyolite Ridge project and is exploring further growth opportunities within its existing resource portfolio. The current estimated resource remains open for expansion, particularly in the North and South Basins.
Ioneer has already entered binding contracts for more than 80% of all expected production of lithium carbonate, including such companies as EcoPro Ford and Toyota-Panasonic, and Dragonfly Energy. Additionally, they have established contracts for 100% of their first-year boric acid production, ensuring strong market relationships for future sales.
Source: Company’s Report
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