| Rank | Bib | Name | Year | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | 1121 | Þórólfur Ingi Þórsson | 1976 | 00:33:10 | 00:33:09 | ||
| 2 | 1249 | Geir Ómarsson | 1975 | 00:36:13 | +03:03 | 00:36:12 | |
| 3 | 1265 | Reimar Pétursson | 1972 | 00:37:12 | +04:02 | 00:37:11 | |
| 4 | 1152 | Einar Eiríkur Hjálmarsson | 1972 | 00:37:51 | +04:41 | 00:37:49 | |
| 5 | 1041 | Einar Gunnar Guðmundsson | 1972 | 00:38:31 | +05:21 | 00:38:30 | |
| 6 | 1268 | Jósep Magnússon | 1977 | 00:38:44 | +05:34 | 00:38:43 | |
| 7 | 1080 | Bjarki Diego | 1968 | 00:38:53 | +05:43 | 00:38:51 | |
| 8 | 1077 | Ævar Rafn Björnsson | 1976 | 00:38:57 | +05:47 | 00:38:56 | |
| 9 | 1058 | Sigurdur Kiernan | 1969 | 00:39:23 | +06:13 | 00:39:21 | |
| 10 | 1057 | Gunnar Viðar Gunnarsson | 1969 | 00:41:01 | +07:51 | 00:40:58 | |
| 11 | 1261 | Eiríkur Jónsson | 1977 | 00:41:44 | +08:34 | 00:41:40 | |
| 12 | 1136 | Jón Gunnar Þorsteinsson | 1970 | 00:42:09 | +08:59 | 00:42:06 | |
| 13 | 1134 | Páll Jóhannesson | 1976 | 00:43:14 | +10:04 | 00:43:09 | |
| 14 | 1232 | Jón Örn Jónsson | 1976 | 00:44:10 | +11:00 | 00:44:07 | |
| 15 | 0 | Gísli Steinar Ingólfsson | 1976 | 00:44:40 | +11:30 | 00:44:35 | |
| 16 | 1241 | Viktor Steinarsson | 1974 | 00:44:56 | +11:46 | 00:44:52 | |
| 17 | 1023 | Helgi Þór Sigurðsson | 1976 | 00:44:59 | +11:49 | 00:44:56 | |
| 18 | 1262 | Axel Einar Guðnason | 1970 | 00:45:02 | +11:52 | 00:44:59 | |
| 19 | 1138 | Albert Þorbergsson | 1974 | 00:45:06 | +11:56 | 00:45:02 | |
| 20 | 1184 | Þórir Magnússon | 1971 | 00:45:16 | +12:06 | 00:45:13 | |
| 21 | 1027 | Steinn Arnar Jónsson | 1973 | 00:45:40 | +12:30 | 00:45:33 | |
| 22 | 1128 | Kjartan Long | 1972 | 00:46:07 | +12:57 | 00:46:02 | |
| 23 | 1154 | Vilhjálmur Baldursson | 1971 | 00:46:37 | +13:27 | 00:46:31 | |
| 24 | 1059 | Almar Guðmundsson | 1972 | 00:47:24 | +14:14 | 00:47:20 | |
| 25 | 1096 | Nökkvi Pálmason | 1977 | 00:47:38 | +14:28 | 00:47:34 | |
| 26 | 1105 | Jón Bersi Ellingsen | 1971 | 00:48:19 | +15:09 | 00:48:10 | |
| 27 | 1191 | Birgir Guðmundsson | 1972 | 00:48:31 | +15:21 | 00:48:26 | |
| 28 | 1050 | Gunnar Þorgeirsson | 1968 | 00:48:43 | +15:33 | 00:48:36 | |
| 29 | 1167 | Pétur Magnússon | 1971 | 00:48:50 | +15:40 | 00:48:42 | |
| 30 | 1186 | Árni Reynir Alfredsson | 1977 | 00:48:55 | +15:45 | 00:48:51 | |
| 31 | 1162 | Gísli B. Ívarsson | 1968 | 00:49:14 | +16:04 | ||
| 32 | 1108 | Guðmundur Ólafsson | 1977 | 00:49:47 | +16:37 | 00:49:38 | |
| 33 | 1052 | Þorgeir Jóhannes Kjartansson | 1971 | 00:50:27 | +17:17 | 00:50:16 | |
| 34 | 1229 | Halldór Björn Halldórsson | 1971 | 00:50:32 | +17:22 | 00:50:27 | |
| 35 | 1035 | Hannes Jón Hannesson | 1975 | 00:51:21 | +18:11 | 00:51:08 | |
| 36 | 1275 | Ólafur Freyr Hjálmsson | 1974 | 00:52:14 | +19:04 | 00:52:07 | |
| 37 | 1110 | Gunnar J. Scott | 1976 | 00:52:44 | +19:34 | 00:52:35 | |
| 38 | 1028 | Sveinn H Guðmarsson | 1974 | 00:54:00 | +20:50 | 00:53:45 | |
| 39 | 1247 | Þorfinnur Skúlason | 1971 | 00:54:01 | +20:51 | ||
| 40 | 1226 | Ólafur Þór Rafnsson | 1976 | 00:54:40 | +21:30 | 00:54:33 | |
| 41 | 1233 | Gunnar Þorri | 1968 | 00:55:37 | +22:27 | 00:55:27 | |
| 42 | 1016 | Axel Karlsson | 1969 | 00:56:48 | +23:38 | 00:56:39 | |
| 43 | 1011 | Gauti Stefánsson | 1976 | 00:56:49 | +23:39 | 00:56:39 | |
| 44 | 1220 | Kristján Jónas Svarasson | 1971 | 01:01:36 | +28:26 | 01:01:18 | |
| 45 | 1158 | Steinar B. Hafberg | 1973 | 01:07:51 | +34:41 | 01:07:44 | |
| 46 | 1205 | Eggert Þór Aðalsteinsson | 1976 | DNF |