S&P/ASX 200 Index (ASX: XJO) shares are some of the most appealing to own for Australians because of how they can provide both stability and growth.
The tech space has been through a rough period as the market digests the potential impacts of AI competition in the coming years. Plus, the prospect of higher inflation and interest rates is adding to the pressure on valuations.
So, following the uncertainty, it could be a good call to look at both the sold-off tech shares and non-tech businesses. Here are two that I'm bullish about – I already own these ASX 200 shares, and I'm planning to buy more.
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Breville Group Ltd (ASX: BRG)
Breville is best known for its coffee machines, though it also sells other small appliances. It has a few different bands like Beville, Sage, Lelit, and Baratza. It also has a coffee bean business called Beanz.
I think the business showcased its quality in the FY26 half-year result by delivering 10.1% revenue growth and 0.7% net profit growth despite the impact of US tariffs on one of its key markets. Its healthy dividend payout ratio meant it was able to lift its dividend per share by 5.6% to 19 cents.
The business has put in significant effort to shift its manufacturing so that 80% of its US gross profit products are now produced outside of China. This was achieved by December 2025.
For me, what's most pleasing is seeing revenue growth across the board. Americas revenue grew 11.6% to $549.5 million, Asia Pacific (APAC) revenue grew 5.9% to $190.3 million, and Europe, the Middle East and Asia (EMEA) revenue climbed 13.7% to $233.8 million. Over time, scale benefits should help increase profit margins.
With the Breville share price down more than 13% since 12 February 2026, this looks like an opportunistic time to buy a growing business.
Pinnacle Investment Management Group Ltd (ASX: PNI)
Pinnacle is an ASX 200 share heavily involved in the funds management world. It takes a minor stake in funds management businesses and helps them grow by offering various services (including client distribution, legal, compliance, and so on), allowing the fund manager to focus on investing.
The business has a portfolio of a number of well-recognised fund managers, including Hyperion, Plato, Palisade, Resolution Capital, Solaris, Antipodes, Firetrail, Metrics, Coolabah, Life Cycle, and Pacific Asset Management.
Pinnacle's HY26 net profit may have dropped 11% to $67.3 million, but excluding the reduction of performance fees, net profit increased 37% year over year. It experienced net inflows of $17.2 billion during the period, with FUM rising 13% over six months to $202.5 billion at 31 December 2025.
I believe this ASX 200 share will continue expanding and diversifying its fund manager portfolio. I'm eager to see the business increase the number of northern hemisphere fund managers it's invested in.
I think this is a buy-the-dip opportunity after declining around 20% since 11 February 2026.
