Let's find out the top players of the ASX 200 this July.
This month, the RBA pulled a move that almost nobody saw coming by pausing the cash rate (despite inflation being at a 3.5 year low). The rest of the month was spent recovering from the shock and hunting down Labubus and matcha lattes.
In the meantime, the ASX200 continued delivering strong returns for investors and it ended the month with a 2.35% increase at 8,742.8 points. Some companies were in a different league entirely and wayyy outperformed the index.
Let’s take a look at the four best-performing ASX stocks in July 2025:
Mesoblast is a Melbourne based bio-tech company founded in 2004 that’s now a global leader in developing off-the-shelf cell therapies for inflammatory and immune-driven diseases.
At the end of last year, one of their key therapies received approval by the FDA in the US and it’s the first of its kind. Mesoblast’s hard work is paying off with consistent strong sales since their US launch.
Last quarter Mesoblast reported a gross revenue of US$13.2 million and investors seem excited by the strong results, leading to a 43% jump in their share price in July.
Iluka Resources is an Australian mining company that’s been around since 1998. They extract and refine mineral sands, turning them into valuable minerals used in industries like ceramics, electronics, construction and more!
Recently, they released a positive quarterly update and hit their full year production guidance for zircon. 🎉 However, the company has warned investors that Trump’s tariffs might impact demand for rare earth elements (REE) globally.
For now they’re playing it safe and choosing not to give their FY26 guidance until more information about the tariffs are confirmed. But investors didn’t seem to mind, because Iluka’s shares were up 35.5% in July.
Continuing on the mining trend, Mineral Resources is another Australian company that mines iron ore and lithium (the stuff you need to make steel and batteries).
July marked a fresh start for Mineral Resources with a brand new Chair and two new board directors to turn the business around after a rocky year filled with scandals and under-performance.
Despite still carrying some serious debt, Mineral Resources achieved its FY25 guidance and is rebounding on the back of higher prices for iron ore and lithium. Its share price reflected this outlook with a 33% jump in share price.
Lynas Rare Earths is yet another Australian mining company and they were digging their way to the top as well! These guys specialise in a special rare earth that's needed for high performance magnets.
They had a healthy increase in production, which boosted their quarterly gross sales revenue to $170.2 million - a strong year-on-year growth! This increased their share price by 22% in July.
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