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Team Veye   February 23, 2026

Best ASX stocks to buy right now

Team Veye   February 23, 2026
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The best ASX stocks to buy right now are supported by expanding order books, better margins and strong cash flow which separates them from short lived rallies.

This blog highlights three of the best ASX stocks that surged on Monday after they reported strong earnings results and presented clear strategic outlooks.

From defence technology to e-commerce and Healthcare, these are the best ASX stocks where new opportunities have emerged in the Australian market right now.

Electro Optic Systems Holdings Limited (ASX: EOS)-  One of the Best ASX Stocks in Defence Technology

surged more than 15% by afternoon trade on Monday after it released its 2025 full year results and pointed to a sharply expanding order book and solid strategic position.
Revenue from continuing operations fell 27% to $128.5 million because major defence contracts were completed however gross margin rose 15% to 63% which shows a stronger contract mix and better execution.

Underlying EBITDA recorded a loss of $24.4 million however total NPAT moved to a profit of $17.5 million mainly due to the gain from the sale of EM Solutions.

The unconditional order book rose 238% year-on-year to $459 million which makes it one of the best ASX stocks right now for investors who are in search of value.

The company remains focused on counter drone systems high energy laser weapons and space control while the proposed MARSS acquisition will expand its AI enabled command and control capabilities.

Kogan.com Limited (ASX: KGN)- Why It Ranks Among the Best ASX Stocks in E-Commerce

rose 5.83% on Monday by afternoon trade after the company posted a solid 1HFY26 result which showed better operating leverage and strong cash flow.

The company in 1HFY26 reported group gross sales up 16.2% year-on-year to $572.4 million while revenue increased 5.5% to $287.6 million because of solid performance across Kogan.com and growth in the marketplace business.

Gross profit increased 7.8% to $114.2 million while gross margin improved to 39.7% and Adjusted EBITDA reached $24.4 million with a margin of 8.5% which is due to the scale benefits of its platform-based sales model.

Free cash flow stood at $45.1 million and the company ended the half with $71.8 million in cash and no debt which highlights a strong balance sheet while Management reaffirmed FY26 adjusted EBITDA margin guidance of 6% to 9%.

Kogan has all the factors which are present in the some of the best ASX stocks of the past decade which makes it a suitable buy for investors in 2026.

Regis Healthcare Limited (ASX: REG) — A Strong Contender in the Best ASX Stocks Healthcare Space

 rose 7.7% by afternoon trade on Monday after it reported a strong H1 FY26 result which showed stable earnings growth and solid cash generation.
Revenue from services increased 18.4% year-on-year to $667.7 million because of higher occupancy funding increases and contributions from recent acquisitions.

Underlying EBITDA rose 3.7% to $70.6 million while underlying NPAT was $29.7 million which was broadly in line with the previous period despite higher staff costs.
Net operating cash flow climbed 39.9% to $291.7 million and the company declared a fully franked interim dividend of 9.0 cents per share which is its first fully franked dividend since FY19 with 12 March 2026 as the ex-dividend date and 9 April 2026 as the payment date.

There are two greenfield projects in progress, an active M&A pipeline and FY26 underlying EBITDA guidance of $130 million to $135 million makes the company well placed to benefit from demographic tailwinds and funding reforms in the sector. 

FAQ About best ASX stocks

1. What makes a stock one of the “best ASX stocks to buy right now”?

Ans:- For a stock to be considered one of the “best ASX stocks to buy right now" it should show strong fundamentals such as improvement in profit margins or a clear growth strategy. Investors should also look for companies that have competitive advantages, healthy balance sheets and positive growth trajectories rather than chase short-term hype.

2. Which ASX stocks are highlighted in this blog?

Ans:- The three companies highlighted are Electro Optic Systems Holdings Limited, Kogan.com Limited and Regis Healthcare Limited. These companies will give exposure to different sectors and all have shown impressive financial and operational milestones that led to share price gains.

3. Why did Electro Optic Systems (ASX: EOS) rise sharply?

Ans:- The share price of EOS surged after the company reported a significant increase in its unconditional order book and improved its gross margins. Although revenue declined, investors were encouraged by the strong future pipeline and the profit recorded due to the sale of EM Solutions.

4. Did EOS revenue decline? If so, why?

Ans:- Yes, EOS revenue declined because several large defence contracts were completed during the year. However, this does not indicate weakness as the company’s order book expanded which will lead to future revenue growth.

5. Are these stocks suitable for long-term investors?

Ans:- Yes, these stocks are suitable for long-term investors especially when held together as a diversified basket. Each company operates in an industry that has strong long-term tailwinds. Investing across all three will provide diversification and exposure to different growth drivers which reduces reliance on a single sector.

(Source: Company Reports)

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