ASX 200 Winners: Here are 6 that have slipped under the radar

A quick glance of the list of ASX 200 Winners in 2025 would throw up many obvious candidates. The majority of companies are gold miners or developers. As of April 15, 2025, the list is topped by Spartan Resources (ASX:SPR) followed by Ora Banda (ASX:OBM) that have more than tripled in a year. Closely behind are Genesis Minerals and Evolution Mining (ASX:EVN).

Also occupying spots in the top 10 include Sigma Healthcare (ASX:SIG) that merged with Chemis Warehouse, plus biotechs Mesoblast (ASX:MSB) and Telix (ASX:TLX) which are commercialising new drugs. And finally, there is Austal (ASX:ASB) which is building ships for Australia and the USA.

But there are some winners slightly lower on the list that have made gains, but have slipped past many investors. their loss has been the gain of many others. So let’s take a look at 6 ASX 200 companies that slipped under the radar in this gold-dominant market.

6 ASX 200 winners that have slipped under the radar

Hub24 (ASX:HUB)

This $5.5bn ASX 200 company is up 65% this year. Hub24 offers an investment platform aimed at financial advisers and their clients a comprehensive range of investment options, including market-leading managed portfolio solutions, and enhanced transaction and reporting functionality.

In FY24, it delivered $118m EBITDA and a $67.8m profit. both up 15% from the year before. It was off the back of a rise in inflows ($15.8bn, up 62% from the year before) and a rise in active advisers using the platform. In its 1H25 results, the company saw a further increase in inflows and has upgraded its FUA target to $123-135bn.

JB Hi-Fi (ASX:JBH)

JB Hi-Fi’s shares have gained 57% in 12 months. This company is an electronics retailer owning 300 stores of its namesake in Australia and New Zealand as well as The Good Guys. What’s more is that it has recently acquired e&s which sells premium home appliances and bathroom products, particularly for home renovators and new home builders. The latter only has 10 stores, but the company hopes this will increase.

Electronics are seemingly a consumer staple nowadays and they need regular replacing. In its 1H25 results, its sales rose 9.8% and its profit by 8%. And it is still paying out 65% of its profit as a dividend.

TechnologyOne (ASX:TNE)

TechnologyOne shares have gained 77% in 12 months, but this pales in comparison to the gains it has made over the last 25 years – it listed at just $1 per share in 1999. TechnologyOne is a tech stock specialising in Enterprise resource planning (ERP) software with a focus on the education and government. This company has over 800 large-scale enterprise organisations, with millions of users, as clients. Beyond the dozens of councils it has helped, other clients include Queensland Rugby League, the Te Papa Museum in New Zealand and several universities. Its products perform several tasks for customers including reducing costs, improving efficiency and streamlining processes.

In the last five years, its revenue has transitioned from one-off license fees to recurring SaaS fees. It recorded $470.2m in ARR (up 20%) and $515.4m in total revenue (up 17%). The company recorded an $118m profit, representing 15% growth from the year before and an >25% profit margin.

TNE closed FY24, the 12 months to September 30, 2024, with $278.7m in net cash and paid a dividend of 22.45c per share. The payout was 62% of its profit and represents 15% CAGR growth in the last 5 years. The company’s churn is just 1.3% and its Average ARR per customer was over $300,000. TechnologyOne has claimed that no other ERP company in the world transitioned without impacting its customers and/or its profit growth.

Regis Healthcare (ASX:REG)

Aged care shares have not faded well, but not so with Regis which is up 75%. In 1H25, it took its bottom line from a $12.1m loss to a $24.4m profit and grew its revenue by 18%. Its mature occupancy is 95.7% and its overall star rating is 3.56, up from 3.32 12 months prior. The company is not content with its success, it is progressing a significant pipeline of greenfield developments in Australia’s East Coast.

Aristocrat Leisure (ASX:ALL)

Aristocrat Leisure shares are up 50% in 12 months. Aristocrat Leisure has historically been a manufacturer of gambling slot machines, known as pokies. Over the years, Aristocrat Leisure has broadened its product range – now offering computerized card game simulations, electronic table games, and linked jackpot systems (such as the patented Hyperlink systems).

Pinnacle Investment Management (ASX:PNI)

Pinnacle Investment Management is an owner of multiple fund managers which collectively have over A$110bn in Funds Under Management. Its shares have gained 47% in a year, in a period rival Magellan (ASX:MFG) has shed 22.5%. Perhaps this is because it has actually grown its FUM in 12 months, adding $18.2bn during FY24.

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