ASX growth shares to keep in your long term portfolio

The following ASX growth stocks exhibit massive long-term potential and are well positioned to keep growing across different macroeconomic environments.

Megaport Limited (ASX: MP1)

has delivered a strong FY25 results with Annual Recurring Revenue (ARR) surging 20% to $243.8M and revenue climbing by 16% to reach $227.1M. 

Momentum has continued into FY26, with October ARR hitting $260.1M which was up by 22% year on year. It was fueled by network expansions to over 1,000 data centres in 26 countries and innovations like AI Exchange and 400G ports. 

The company has strengthened its profile with net cash rising by 43% to reach $87.8M, customer lifetime value up by 50% to $2.1B and key acquisitions including Latitude.sh for Compute as a Service and entry into India. 

Megaport's automation first SDN platform and partnering with AWS, Azure and Google Cloud creates high switching costs and positions it at the heart of AI driven workloads. 

Now with a market capitalisation reflecting its global scale, MP1 eyes accelerated FY26 growth through sales, product innovation and AI infrastructure demand.

Collins Foods Limited (ASX: CKF) 

has posted a record HY26 (ended on 12 October 2025) results. Revenue saw an increase of 6.6% to reach $750.3M and underlying EBITDA increased by 11.0% to reach $113.9M. 

Growth stemmed from same store sales gains, operational excellence, digital channels (41.7% of AU sales) and innovations like Habanero and Zinger Kebab which lifted brand health to four year highs. 

KFC Australia revenue hit $563.8M (+5.0%), EBITDA $111.8 million (+9.4%, margin 19.8%) while Europe revenue grew 14.6% to reach $162.9M amid portfolio optimization. 

Net debt fell to $138.9M (leverage 0.89x) which enabled strong cash flows of $69.1M and fully franked dividend of 13.0 cps. 

Facing cost pressures, CKF is targeting mid to high teens FY26 NPAT growth which is backed by network expansion and H2 sales momentum (+5-7% early trends).

Lovisa Holdings Limited (ASX:LOV) 

has expanded to 1,031 stores across 50+ countries in FY25. It  opened 162 net new outlets including Zambia entry. 

Revenue has increased by 14.2% to reach $798.1M with comparable sales +1.7%, gross margin lifting to 82.0% via pricing and inventory control driving EBIT up 8.2% to $138.7M and NPAT +4.8% to $86.3M. 

Strong cash generation of $243.3M pre interest/tax funded $55.2M capex in stores/IT/supply chain with net debt at $34.4M. 

Early FY26 trading shines as first 20 weeks sales grew by +26.2% (network growth), comparable +3.5% and added net 44 new stores to 1,075 locations. 

Vertically integrated model, trend leading buys in Melbourne/London/LA and digital push create durable moats amid fast fashion cycles. 

Lovisa has also declared a fully franked final dividend of 77.0 cents per share for FY25 which represents a 100% payout ratio

Technology One Limited (ASX: TNE) 

has achieved a record FY25 results with Annual Recurring Revenue (ARR) up 18% to $554.6M surpassing $500M H1 target 18 months early and on track for $1 billion by FY30. 

Total revenue rose by 18% to reach $610.0M, Profit Before Tax climbed 19% to $181.5M (30% margin) which is fueled by SaaS wins in Local Government (+22%) and Higher Education (+24%) plus UK ARR surging 49% to $51.8M. 

Net cash swelled to $319.6M (+15%) and free cash flow has reached $184.2M (134% of NPAT) which enabled CourseLoop acquisition and record dividend of 36.6 cps (+63%, 87% payout). 
Rule of 40 score reached 59 (top-quartile SaaS) and is backed by 115% NRR, AI innovations like Plus and 20 product suite for verticals. 

With ASX 50 status and 1,250+ customers, TNE's Power of One model delivers sticky, scalable growth.

(Source: Company Reports)