S&P/ASX 200 Index (ASX: XJO) shares rose by 2.77% and provided total gross returns (including dividends) of 7% in FY26.
Thirteen ASX 200 shares doubled in value — or better — over the 12 months.
Three of them were ASX 200 gold miners, which benefited from an 18% rise in the gold price last year.
Four were lithium miners, which generated turbocharged earnings amid a 278% lift in the spodumene price and a 160% rise in the carbonate price over FY26.
While healthcare was the worst-performing sector, the ASX 200's fastest rising stock came from it and blasted 1,786% higher!
Let's check out this group of ASX 200 double baggers for FY26.
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Double-baggers of FY26
1. 4DMedical Ltd (ASX: 4DX)
This ASX healthcare share skyrocketed 1,786% in FY26 to close out the year at $4.53.
The respiratory imaging technology company gained US Food and Drug Administration (FDA) approval for its CT:VQ product in September 2025.
CT:VQ has since been deployed at several well-known academic hospitals and clinics.
One broker thinks there is more room to run for 4DMedical shares in FY27.
2. Minerals 260 Ltd (ASX: MI6)
This ASX 200 gold share ripped 508% to finish FY26 at 73 cents.
Minerals 260 is building the Bullabulling Gold Project near Kalgoorlie in Western Australia's Eastern Goldfields region.
3. Elevra Lithium Ltd (ASX: ELV)
This ASX 200 lithium share flew 327% to $9.60 over FY26.
Elevra has a globally diversified portfolio of mines and projects across Québec, North Carolina, Ghana, and Western Australia.
4. PLS Group Ltd (ASX: PLS)
This fellow ASX lithium share leapt 275% to close out FY26 at $5.02.
The company's flagship project is Pilgangoora, the world's largest independent hard-rock lithium mine.
Formerly known as Pilbara Minerals, PLS Group was the best performer among the ASX 200 large-cap shares last year.
5. Electro Optic Systems Holdings Ltd (ASX: EOS)
The Electro Optic Systems share price increased 261% to close the year at $10.30.
This made Electro Optic the best-performing stock of the industrials sector in FY26.
The company specialises in defence technology, advanced weapon systems, and counter-drone solutions.
6. Mineral Resources Ltd (ASX: MIN)
The Mineral Resources share price rose 188% in FY26.
The ASX large-cap mining share finished the year at $62.07.
Value investors returned to Mineral Resources after corporate governance and financial problems crushed the stock in FY25.
Mineral Resources reported its best half-year result ever for 1H FY26. The miner reported record revenue of $3.1 billion and EBITDA of $1.2 billion due to rising lithium prices and the successful ramp-up of its Onslow iron ore project.
7. NRW Holdings Limited (ASX: NWH)
This ASX 200 industrials share soared 149% to finish the year at $7.44.
8. Liontown Ltd (ASX: LTR)
This ASX 200 lithium share rose 142% to finish the year at $1.69.
For 1H FY26, Liontown reported doubled revenue after a 70% lift in spodumene production.
In 3Q FY26, Liontown became cash flow positive and hit its 1.5Mtpa annualised underground run-rate ahead of schedule.
9. SRG Global Ltd (ASX: SRG)
This ASX 200 industrials share rose 136% to finish the year at $3.98.
10. Codan Ltd (ASX: CDA)
This ASX 200 tech share lifted 119.5% to finish the year at $44.14.
ASX 200 tech shares tanked in FY26, with only four finishing the year in the green.
11. Kingsgate Consolidated Ltd (ASX: KCN)
This ASX 200 gold share rose 119% to finish the year at $4.95.
12. Lynas Rare Earths Ltd (ASX: LYC)
This ASX 200 rare earths share increased 115% to close out the year at $18.06.
An 80% lift in the neodymium price, and restricted rare earths exports out of China helped Lynas shares grow in FY26.
13. Alkane Resources Ltd (ASX: ALK)
This ASX 200 gold share rose 92% to finish the year at $1.37.
