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 â or better â 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.
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.
The post 13 ASX 200 shares that doubled in value in FY26 appeared first on The Motley Fool Australia.
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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has recommended Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.