Top 5 ASX stocks for November 2025

As markets enter the final stretch of 2025, investors are eyeing companies with strong momentum and these five heavyweights stand out as they make headlines with impressive results and bold expansion plans which makes them the top ASX stocks to watch out for in November.

Best 5 ASX stocks for November

Wesfarmers Limited (ASX: WES) 

Qantas Airways Limited (ASX: QAN) 

WiseTech Global Limited (ASX: WTC) 

Fortescue Limited (ASX: FMG) 

BHP Group Limited (ASX: BHP) 

Wesfarmers Limited (ASX: WES) 

delivered great results again in FY25 proving how solid its diversified business model is. 
The company’s NPAT went up 14.4% to around $2.93 billion for the year helped by good performance from Bunnings, Kmart Group and Wesfarmers Health. Total revenue for the group increased 3.4% to $45.7 billion and EBIT jumped 11.9% to $4.47 billion showing better productivity and tight cost management along with higher online sales. 

The balance sheet stayed strong with net debt around $4.2 billion and cash flow from operations at $4.6 billion.
Looking forward Wesfarmers is targeting steady growth from its retail business, health segment and over $3.4 billion in free cash flow will help in long term growth mainly in digital and AI areas.

Qantas Airways Limited (ASX: QAN) 

had another solid year in FY25 as it posted an underlying profit before tax of about $2.39 billion which is around 15% higher than last year and the statutory profit after tax also jumped to $1.61 billion.

The company’s total revenue went up 8.6% to $23.8 billion, mainly because of strong travel demand both within Australia and overseas.
Its Loyalty program is also growing fast and now has almost 17.6 million members. The operating cash flow went up to $4.3 billion, which helped Qantas spend $3.9 billion on new aircrafts and also return $831 million to shareholders through dividends and buybacks.
The company kept expanding and updating its fleet, adding 17 new planes and working on Project Sunrise which aims to start ultra-long-haul flights by FY27. 

WiseTech Global Limited (ASX: WTC) 

had another impressive year in FY25 as It reported revenue of around US$778.7 million which was up 14% from last year and its underlying NPAT came at about US$241.8 million which is a solid 30% jump year-on-year. 
EBITDA also went up by 26% to US$409.5 million and Free cash flow increased by 31% to US$287 million and the company also gave out a fully franked final dividend of 7.7 cents which brings the total dividend for FY25 to 14.4 cents per share.
One of the biggest highlights this year was the US$2.1 billion buyout of e2open, which was paid through a new US$3 billion syndicated debt deal. 
Going into FY26, the company expects revenue to be between US$1.39 to US$1.44 billion and EBITDA to be around US$550–585 million which is expected to come mainly from AI-based workflow automation and better efficiency.

Fortescue Limited (ASX: FMG) 

began FY26 on a strong note with record iron ore shipments in the first quarter at 49.7 million tonnes which is a 4% rise from last year.
It still keeps its place as one of the world’s lowest-cost iron ore producers, with Hematite C1 cost at around US$18.17 per wet metric tonne which is just 1% higher than FY25 average. Hematite revenue came at about US$89 per dry tonne, while Iron Bridge concentrate made around US$121 per dry tonne.
Fortescue ended the quarter with cash of around US$4.6 billion and net debt near US$1.9 billion, even after paying a final dividend worth US$1.2 billion and capex of US$908 million. It also secured a US$2 billion syndicated loan to back its long term growth plans. 
The Blacksmith Project is now added in its new life-of-mine plan as Fortescue stands ready to execute its future plans.

BHP Group Limited (ASX: BHP) 

has started FY26 on a strong note showing solid operational performance and good progress on its projects across the world. 
In the September quarter, copper production went up 4% to 494 kt and steelmaking coal production jumped 8%.
The company is also pushing ahead with its big growth projects like the Laguna Seca Expansion at Escondida and Stage 1 of the Jansen Potash Project in Canada, which is now 73% done and expected to start production in 2027. 
The balance sheet looks strong too, supported by fresh bond issues of around US$1.5 billion and €1.4 billion and the refinancing of a US$5.5 billion credit line. With copper prices moving up, and steady work on decarbonisation, BHP looks well placed for more value creation ahead.

(Source: Company Announcements)