Australian stocks are climbing higher again today. At the time of writing on Wednesday lunchtime, the S&P/ASX 200 Index (ASX: XJO) is up 0.96% for the day. This represents growth of 4.36% for the year-to-date.
The index has been driven by some strong Australian growth stocks over the past year. And I've identified two which are tipped to keep charging higher in 2026.
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Droneshield Ltd (ASX: DRO)
Droneshield shares are up another 6.31% in Wednesday lunchtime trade, to $3.20 a piece. Today's uptick means the stock is now up a whopping 302.52% for the year, too, making it the second-best annual performer on the ASX 200 index at the time of writing.
And analysts don't think the share price hike will stop anytime soon. There is a strong buy consensus on Droneshield stock, with a $5 target price over the next 12 months. That implies a huge 56.25% potential upside for investors at the time of writing.
The company's latest share price lift comes off the back of the release of its full-year earnings results for 2025. It posted an impressive 276% revenue uplift for the 12 months to 31st December, and its EBITDA came in at $4.5 million, up from a loss of $8.6 million in 2024.
DroneShield also said it is scaling up its production capacity from $500 million in 2025 to $2.4 billion by the end of 2026. This will be via new facilities in Australia, the United States, and Europe. The company also confirmed it has a $2.3 billion sales pipeline, representing a 92% increase in the last 12 months.
It looks like there is plenty of room for this surging defence stock to storm even higher in 2026.
Resolute Mining Ltd (ASX: RSG)
Close behind Droneshield, and the third-best-performing ASX 200 stock over the past 12 months, is Resolute Mining. The ASX mining stock only joined the ASX 200 index in November.
The gold producers' shares have shot higher over the past year on the back of record-high gold prices and a significant increase in the company's gold production figures.
At the time of writing in Wednesday lunchtime trade, Resolute Mining shares are up 3.23% to $1.44 a piece. For the year, the shares are 294.52% higher.
Analysts are bullish on the stock going forward too. They have a consensus buy rating on the Australian growth stock with a maximum target price of $2.49. That implies the shares could jump another 72.6% in the next 12 months.
Earlier this month, the miner announced that it has been awarded a key mining permit for its Doropo Gold Project in Cote d'Ivoire. Management described the approval as a major step toward building Doropo into the company's next core producing asset.
