The best ASX shares to own today could be the ones that deliver the most growth over the next decade. Therefore, the best buy-and-hold opportunities are the ones we should consider for our portfolios.
The world could change significantly in the next 10 years. Large amounts are being invested in the development of artificial intelligence (AI) and robots. I'm not going to make any specific predictions, but regardless of how things change, I believe some sectors can continue to thrive.
There are a couple of names I've made my largest bets on in ASX growth shares.
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Temple & Webster Group Ltd (ASX: TPW)
Temple & Webster is one of Australia's leading online retailers of homewares, furniture and home improvement. The business sells many thousands of products, which are largely shipped directly from suppliers, giving the business a capital-light model and allowing it to sell a much wider range.
The capital-light nature of the business means it generates pleasing cash flow, maintains a good cash balance, and generates useful interest income.
Why is it a strong option for the next decade? It's growing revenue at a very good pace as more people adopt online shopping.
According to Temple & Webster, the Australian furniture and homewares market has reached online market penetration of 20%, compared to 29% in the UK and 35% in the US. I'm expecting the Australian figure to climb towards 30% in the coming years.
One of the key benefits of this business is that its fixed costs are a lower percentage of revenue as it grows, enabling improved profit margins. Fixed costs were 11.3% of revenue in FY24, and this reduced to 10.6% in FY25.
In a decade, I expect the company's market share to increase and its profit margins to improve, driven by increased productivity from AI and other technologies.
Home improvement could become an important pillar for the business in the coming years. FY25 saw revenue jump 43% in FY25 to $42 million. Home improvement revenue to 20 November 2025 increased by another 40% year-over-year.
Over the long term, I think this business could become an Australian blue-chip, particularly if it expands successfully overseas (starting with New Zealand).
Tuas Ltd (ASX: TUA)
Tuas is another ASX growth share with a compelling future. It's a Singaporean telco that's rapidly gaining customers based on its value offerings.
In the first quarter of FY26, it reported 20% year-over-year growth in mobile subscribers to 1.34 million, 24% revenue growth, and 20% operating profit (EBITDA) growth to $19.9 million. It also generated $9.1 million of net profit and $20 million of operating cash flow.
The ASX share continues to gain market share and the takeover of competitor M1 could deliver a big shift in profit generation for the business and diversifies Tuas' earnings base.
I think the business could be even more appealing in the coming years as its market share and margins improve. In the next ten years, I expect its Singapore net profit can rise significantly and it could also expand internationally, making it a compelling buy and hold option.
I believe the market is underestimating how much the company could grow earnings over the next decade.
Of course, these aren't the only ASX shares that could be great investments for the next decade.
