| Rank | Bib | Name | Year | Club | Split time | Time |
|---|---|---|---|---|---|---|
| 1 | 1310 | Þorbergur Ingi Jónsson | 1982 | 02:04:14.2 | ||
| 2 | 1306 | Sigurjón Ernir Sturluson | 1990 | Dansport/Sportvörur | 02:14:08.0 | |
| 3 | 1308 | Bjartmar Örnuson | 1988 | KFA | 02:14:24.4 | |
| 4 | 1309 | Guðni Páll Pálsson | 1987 | ÍR | 02:22:49.7 | |
| 5 | 1312 | Birkir Einar Gunnlaugsson | 1995 | 02:38:34.3 | ||
| 6 | 1307 | Jón Jónsson | 1976 | Hlaupahéri | 02:39:09.4 | |
| 7 | 1305 | Hafliði Sævarsson | 1966 | 02:43:22.4 | ||
| 8 | 1303 | Dominic Thompson | 1992 | Swansea Harriers | 02:57:07.6 | |
| 9 | 1323 | Atli Pálmar Snorrason | 1998 | 02:59:09.3 | ||
| 10 | 1327 | Sigurjón Jóhannsson | 1985 | 02:59:49.3 | ||
| 11 | 1321 | Ragnar Kristinn Bragason | 1974 | 03:03:30.9 | ||
| 12 | 1324 | Baldur Einarsson | 1976 | Lommar | 03:07:59.8 | |
| 13 | 1318 | Skúli Skúlason | 1984 | 03:08:29.2 | ||
| 14 | 1319 | Jan Martin Jónasson | 1988 | 03:10:30.7 | ||
| 15 | 1322 | Guðjón D. Haraldsson | 1969 | Víkingasveit Pjéturs Ara | 03:21:31.0 | |
| 16 | 1317 | Steinarr Ingólfsson | 1993 | Barðsnes | 03:33:56.1 | |
| 17 | 1316 | Ingólfur S. Sveinsson | 1939 | Laugaskokk | 04:36:14.5 | |
| 18 | 1329 | Sveinn Már Ásgeirsson | 1990 | 04:46:01.0 |