5 ASX retail shares that performed well in 2025

The following ASX 200 retail stocks delivered standout performances in 2025. If this momentum is sustained in 2026, then these stocks would be worth focusing.

Eagers Automotive Limited (ASX: APE)

Eagers Automotive Limited is an automotive retail group in Australia and New Zealand with a diversified portfolio of new and used vehicle sales, finance and insurance, servicing and independent used platform called easyauto123 which together create a scale driven and resilient business.

The Eagers Automotive share price surged 113% in 2025 and strategic execution under the Next100 plan has progressed well with productivity improvements and technology led efficiencies.
For the half year ended 30 June 2025, revenue increased 18.9% to $6.5 billion, underlying EBITDA rose 11.6% to $296.7 million and underlying profit before tax grew 8.3% to $197.7 million.

Eagers Automotive is well positioned to benefit from vehicle demand and additional gains from scale while its leadership in electric and hybrid vehicles provides a growth tailwind.

Tabcorp Holdings Limited (ASX: TAH) 

Tabcorp Holdings Limited delivered a strong operational turnaround in FY25 which was supported by the full transition to the reformed Victorian Wagering and Betting Licence and this improved earnings and margins.
These operational improvements translated into stronger investor confidence with the Tabcorp share price rising 75% in 2025 and carrying positive momentum into early 2026.

For FY25, Tabcorp reported group revenue of $2.61 billion which represented year-on-year growth of 11.8% driven mainly by higher wagering yields and licence reform benefits while Group EBITDA increased 23.2% to $391.5 million and EBIT surged 93.7% to US$188.7 million.
Management plans to reinvest near-term gains into customer experience, product innovation and market positioning rather than focusing on short-term margin expansion.

Nick Scali Limited (ASX: NCK)

Nick Scali Limited delivered a clear turnaround in FY25 and the share price rose 57% in 2025 which reflects renewed investor confidence in earnings momentum and execution quality.
In FY25, the group reported revenue of $495.3 million and underlying net profit after tax of $62 million which was supported by resilient gross margins and disciplined cost control despite softer trading conditions earlier in the year.

Management has recently upgraded its outlook, with first-half FY26 revenue in Australia and New Zealand now expected to grow 10%–12% year-on-year which is above prior guidance of 7%–9% and is being driven by stronger written sales orders and improved trading conditions.

Statutory NPAT for the first half FY26 is now expected to be in the range of $37 million–$39 million which highlights strong operating leverage as sales continue to recover.

Harvey Norman Holdings Limited (ASX: HVN) 

Harvey Norman Holdings Limited delivered a standout year in 2025 as stock price surged by 49% supported by resilient trading conditions and excellent execution across its integrated business model.
The company reported a strong retail trading update with aggregated sales growth of 9.1% for the period from 1 July 2025 to 20 November 2025.

Harvey Norman delivered total system sales revenue of $9.35 billion driven by aggregated Australian franchisee sales of $6.43 billion and overseas company operated revenue of $2.92 billion while EBITDA reached $1.13 billion and profit after tax stood at $518.02 million.

The group enters FY26 with positive momentum supported by early year sales growth across Australia and major overseas markets, investment in digital capabilities and technology led product ranges including AI enabled devices.

Light & Wonder, Inc. (ASX: LNW) 

Light & Wonder, Inc. delivered a strong third quarter of 2025 driven by continued momentum across its Gaming, SciPlay and iGaming divisions while the successful integration of Grover Gaming added scale to its recurring revenue base.

For Q3 2025, the company reported consolidated revenue of US$841 million, up 3% year-on-year which reflects strong operating leverage and margin expansion across the business.
Adjusted NPATA rose 25% to US$153 million supported by higher recurring revenues and disciplined cost control while free cash flow surged 64% year-on- year to US$136 million during the quarter.

The company’s share price has risen by around 30% since the start of 2025 including trading activity up to 13 January 2026.
With scalable content engine and exposure to both offline and digital gaming growth, Light & Wonder is well positioned to deliver sustained earnings growth.

(Source: Company Reports)