| Rank | Bib | Name | Year | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | 1060 | Víðir Þór Magnússon | 1964 | 00:38:52 | 00:38:51 | ||
| 2 | 1031 | Helgi Sigurðsson | 1961 | 00:39:37 | +00:45 | 00:39:36 | |
| 3 | 1071 | Agnar Jón Ágústsson | 1963 | 00:40:39 | +01:47 | 00:40:36 | |
| 4 | 1198 | Guðmundur Nikulásson | 1961 | 00:45:10 | +06:18 | 00:45:06 | |
| 5 | 1278 | Einar Arnarsson | 1963 | 00:46:19 | +07:27 | 00:46:14 | |
| 6 | 1093 | Petur Hrafn Sigurðsson | 1961 | 00:46:30 | +07:38 | 00:46:23 | |
| 7 | 1126 | Davíð Skúlason | 1964 | 00:47:09 | +08:17 | 00:47:06 | |
| 8 | 1007 | Bjarki A. Brynjarsson | 1966 | 00:47:30 | +08:38 | 00:47:22 | |
| 9 | 1236 | Guðmundur Jónasson | 1960 | 00:48:58 | +10:06 | 00:48:50 | |
| 10 | 1036 | Ásbjörn Jónsson | 1960 | 00:49:51 | +10:59 | 00:49:42 | |
| 11 | 1194 | Gunnar Viðar Bjarnason | 1961 | 00:50:52 | +12:00 | 00:50:50 | |
| 12 | 1037 | Þorvarður Jónsson | 1960 | 00:50:57 | +12:05 | 00:50:49 | |
| 13 | 1235 | Tómas Torfason | 1966 | 00:52:03 | +13:11 | 00:51:52 | |
| 14 | 1117 | Pétur Pétursson | 1964 | 00:54:24 | +15:32 | 00:54:17 | |
| 15 | 1225 | Kristján Gunnarsson | 1964 | 00:56:09 | +17:17 | 00:56:00 | |
| 16 | 1042 | Ingólfur Örn Arnarsson | 1962 | 00:57:17 | +18:25 | 00:57:14 | |
| 17 | 1001 | Eggert Claessen | 1959 | 00:58:01 | +19:09 | 00:57:45 | |
| 18 | 1222 | Bjarni Siguðsson | 1960 | 01:00:23 | +21:31 | 01:00:07 |