When I think about buying shares to hold for a decade, I want businesses that are scaling and building competitive advantages that strengthen over time.
Right now, three ASX 200 names stand out to me for exactly those reasons.
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Megaport Ltd (ASX: MP1)
Megaport has just delivered one of its strongest half-year performances on record.
Group annual recurring revenue surged 49% year-on-year to $338 million, supported by both organic growth and acquisitions. Even stripping out acquisitions, Megaport Network annual recurring revenue (ARR) grew 19% in constant currency and net revenue retention lifted to 111%. That tells me customers are not just sticking around, they are spending more.
Customer lifetime has extended from 10 to 13 years, and lifetime value jumped 57% in constant currency to $2.5 billion. Those are powerful unit economics.
What excites me most is the Latitude.sh acquisition, which added US$45 million of ARR and expands Megaport into compute and GPU-as-a-service. Management describes this as the convergence of network and compute, positioning the platform for cloud, AI, and data centre growth.
I believe this combination of strong recurring revenue, improving retention, and expansion into AI infrastructure gives Megaport genuine 10-year potential.
Life360 Inc. (ASX: 360)
Life360 continues to prove that its growth story is far from over. In the fourth quarter of 2025, monthly active users (MAU) reached 95.8 million, with full-year net additions of 16.2 million, representing 20% year-on-year growth. Paying Circles climbed to 2.8 million, with 576,000 net additions for the year, the highest annual increase on record.
Revenue for FY25 is expected to land between US$486 million and US$489 million, up roughly 31% to 32%, with adjusted EBITDA of US$87 million to US$92 million. Importantly, management expects MAU growth of approximately 20% again in 2026.
What I like here is the combination of scale and monetisation. The user base is enormous, conversion rates are improving, and margins are expanding. Life360 is becoming a global safety platform with strong brand recognition and network effects.
Over a 10-year horizon, I see significant room for further penetration, higher subscription uptake, and new product layers across safety, insurance, and hardware.
HUB24 Ltd (ASX: HUB)
I think HUB24 is one of the most consistent growth stories on the ASX, and its latest half-year result only strengthens my conviction.
Underlying EBITDA rose 35% to $104.9 million, while underlying NPAT jumped 60% to $68.3 million. Platform net inflows hit a record $10.7 billion for the half, and total funds under administration reached $152.3 billion.
The company was ranked first for quarterly and annual net inflows and upgraded its FY27 platform FUA target to $160 billion to $170 billion. That kind of upgrade signals confidence in its pipeline and competitive positioning.
I believe HUB24 benefits from a powerful structural tailwind: the ongoing shift to independent financial advice and modern platform technology. Its scale advantages, margin expansion, and adviser adoption trends suggest this is still a business in growth mode, not maturity.
For a 10-year hold, I want a company taking share in a large market with strong recurring revenue. HUB24 ticks those boxes for me.
Foolish takeaway
If I am building a portfolio to hold for the next decade, I want exposure to businesses that are expanding rapidly and compounding their advantages.
Megaport is building the backbone for network and AI infrastructure. Life360 is scaling a global safety ecosystem. HUB24 is consolidating leadership in wealth platforms.
All three are growing strongly today, and I believe they have the runway to grow much larger over the next 10 years.
