Despite the recent rebound, the All Ordinaries Index (ASX: XAO) remains down 3.5% in 2025, but that hasn't stopped these three ASX shares from more than doubling in value.
As at market open on 2 January, the stocks have surged 118%, 134% and 153%.
And it's a nicely diversified selection of stocks we're talking about here too.
So, which ASX shares would have more than doubled your investment already in 2025?
I'm glad you asked!
Three top ASX shares to own in 2025
The first ASX share I wish I'd bought at market open on 2 January – but didn't – is 3D geospatial data technology company Pointerra Ltd (ASX: 3DP).
Pointerra shares closed on Thursday (the last trading day of the week due to the Anzac Day holiday) at 8.7 cents apiece. That brings the Pointerra share price up a welcome 117.5% so far in 2025.
The ASX small-cap stock owes most of its outperformance this year to its strong quarterly results, released on 20 January.
Investors sent the share price rocketing 46% on the day, after Pointerra reported record cash receipts for the three months of $4.24 million. This brought the company's half-year cash receipts to $7.3 million, exceeding the $6.8 million it achieved across the full 2024 financial year.
Moving on to the second ASX share that would have more than doubled your money already in 2025, discount retailer The Reject Shop Ltd (ASX: TRS).
Reject Shop shares closed on Thursday changing hands for $6.50 each. That sees the share price up an impressive 133.8% year to date.
The lion's share of those gains was delivered on 27 March, when the Reject Shop share price surged 109.5%.
That huge single-day gain was spurred by news that management had accepted a takeover offer from Canadian value retailing giant Dollarama Inc. (TSX: DOL).
As the Motley Fool's James Mickleboro reported on the day, "The two parties have agreed a price of $6.68 cash per share, which represents a 112% premium to its last closing share price of $3.15 per share."
Which brings us to the third ASX share that's more than doubled investors' money this year, S&P/ASX 300 Index (ASX: XKO) gold miner Catalyst Metals Ltd (ASX: CYL).
Catalyst Metals' shares closed Thursday trading for $6.56 each. That puts the share price up a whopping 152.3% in 2025. And remember the ASX 300 is down 2.8% over this same time.
There have been a number of, erm, catalysts helping boost the Catalyst Metals share price this year.
First, the gold price has surged from US$2,265 per ounce at the start of the year to US$3,328 per ounce on Thursday afternoon, a gain of 46.9%.
Second, the gold miner's strong performance in 2024 saw its market cap rise to the point where it was added to the ASX 300 on 24 March as part of the S&P Dow Jones Indices quarterly rebalance. This opens the door to more fund managers to buy the stock, and exchange-traded funds (ETFs) tracking the ASX 300 will now have to hold a proportionate number of shares.
The ASX share was also boosted in March after reporting it was selling its non-core Henty Gold Mine to Kaiser Reef Ltd (ASX: KAU).
And to give you an idea of the miner's strong operational performance, for the half year to 31 December, Catalyst Metals reported net profit after tax of $46 million, up 783% compared to the prior half year.
The miner sold 58,435 ounces of gold during the half year at a realised average price of AU$3,830 per ounce.
