S&P/ASX 200 Index (ASX: XJO) shares rose by 6.8% and delivered total returns, including dividends, of 10.32% in 2025.
Here, we look at the 10 best ASX 200 large-cap shares of 2025 for capital growth.
Large caps have a market capitalisation of $10 billion or more. All the stocks below fit this category.
Investors like large caps because they are typically older, well-established companies that pay reliable dividends every year.
Let's check out last year's best performers.
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10 best ASX 200 large caps for share price growth
1. Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price rose by 164% to close the year at $12.68 apiece.
ASX gold shares had a fantastic year due to a 65% rally in the gold price on top of a 27% gain in 2024.
The gold price rose to a new record of US$4,533 per ounce in December.
Evolution Mining shares are $12.92 apiece on Thursday, down 0.6%.
2. Newmont Corporation CDI (ASX: NEM)
Newmont Corporation shares increased 152% to finish 2025 at $150.20 apiece.
The ASX gold share continues to streak higher, hitting a new 52-week peak of $162.45 yesterday.
The Newmont share price is $158.66 today, up 0.1%.
3. Lynas Rare Earths Ltd (ASX: LYC)
The Lynas Rare Earths share price rose by 93.5% to $12.44 on 31 December.
Today, the ASX 200 large-cap rare earths share is trading at $14.74, down 2.2%.
Lynas shares were the market's best performer yesterday amid improving sentiment about rare earths prices.
4. PLS Group Ltd (ASX: PLS)
Formerly known as Pilbara Minerals, PLS Group shares lifted 93% to close the year at $4.22.
The ASX 200 large-cap lithium share set a new 52-week high of $4.89 today.
5. Northern Star Resources Ltd (ASX: NST)
The share price of the ASX 200's largest gold miner rose 73% to close the year at $26.73.
The ASX gold share has fallen in the first week of 2026 to $24.88 today.
An operational update released on 2 January prompted some investors to sell.
6. Charter Hall Group (ASX: CHC)
Shares in this property fund manager ripped 71% higher to close out the year at $24.45.
The ASX 200 large-cap real estate investment trust (REIT) is steady at $24.07 today.
7. Mineral Resources Ltd (ASX: MIN)
This ASX 200 large-cap mining share had a turbulent year due to governance issues and other factors.
The Mineral Resources share price plunged to a 52-week low of $14.05 before commencing a recovery.
Mineral Resource shares managed a 59% gain over the year to close at $54.38 apiece on 31 December.
The Mineral Resources share price is $57.91 on Thursday, up 1.1%.
8. Orica Ltd (ASX: ORI)
Shares in the explosives manufacturer rose 46% to $24.28 in 2025.
Today, Orica shares are trading at $25.85 apiece, down 0.1%.
9. ALS Ltd (ASX: ALQ)
The ALS share price rose 46% to $22.04 last year.
ALS provides testing solutions to clients in a wide range of industries around the world.
Today, the ALS share price is $22.79, up 2%.
10. Bluescope Steel Ltd (ASX: BSL)
The Bluescope share price lifted 29% to finish the year at $24.07.
The steel maker is in the news this week after rejecting a takeover offer at $30 per share.
A consortium comprising SGH Ltd (ASX: SGH) and Steel Dynamics, Inc (NASDAQ: STLD) made the offer.
Today, Bluescope shares are $29.31, down 1.9%.
