A 90‐day feeding experiment was conducted in order to test spent brewer's yeast as a replacement for fishmeal in diets for giant freshwater prawn (Macrobrachium rosenbergii) reared in either a recirculating aquaculture system (RAS) or a biofloc system. Triplicate groups, each of 20 prawn (6.7 ± 0.03 g), were randomly assigned to 24 identical tanks. Twelve tanks were connected to the RAS, and the other 12 tanks were connected to the biofloc system which were initially supplemented with Bacillus subtilis, molasses and blood meal to achieve a C:N ratio of 20:1. Four iso‐nitrogenous (350 g/kg) and iso‐energetic (19 MJ/kg) diets where 0%, 20%, 40% and 60% of fishmeal protein was replaced by spent brewer's yeast. Neither growth nor survival was affected (p > 0.05) by increasing levels of brewer's yeast. The exception, being fish given 60% replacement with brewer's yeast, reared in biofloc, which displayed a higher (p < 0.05) growth than fish given 40% replacement, reared in clear water. The feed conversion ratio of prawn reared in the biofloc environment was lower than in the clear water. We concluded that spent brewer's yeast represents a possible 60% substitute for fishmeal in giant freshwater prawn diets, especially for prawn reared in a biofloc environment.