| Rank | Bib | Name | Year | Club/Team | Time |
|---|---|---|---|---|---|
| 1 | 55 | Stefán Haukur Erlingsson | 1976 | Hfr | 00:59:08.5 |
| 2 | 45 | Ármann Gylfason | 1977 | HFR | 01:01:50.1 |
| 3 | 73 | Kristmundur Guðleifsson | 1977 | Bjartur | 01:01:51.7 |
| 4 | 75 | Kristjan Jakobsson | 1977 | Tindur | 01:02:40.0 |
| 5 | 84 | Jóhann Sigurjónsson | 1976 | Bjartur | 01:04:47.4 |
| 6 | 43 | Bjarni Már Gylfason | 1975 | HFR | 01:07:45.1 |
| 7 | 63 | Rúnar Pálmason | 1973 | 01:08:22.6 | |
| 8 | 37 | Bjarni G. Jónsson | 1977 | 01:08:30.9 | |
| 9 | 86 | Ingvar Júlíus Tryggvason | 1975 | Bjartur / Team Topcon | 01:08:37.8 |
| 10 | 66 | Ragnar Ólafur Ragnarsson | 1968 | HFR | 01:09:02.3 |
| 11 | 120 | Birgir Hákon Valdimarsson | 1976 | Víkingur | 01:09:51.9 |
| 12 | 52 | Valur Rafn Valgeirsson | 1976 | Bjartur | 01:09:57.3 |
| 13 | 109 | Eiríkur Ingi Kristinsson | 1970 | Hfr/Team Sensa | 01:10:07.2 |
| 14 | 85 | Jóhann Friðriksson | 1977 | #ÞEHLEB | 01:11:15.4 |
| 15 | 121 | Birgir Árnason | 1973 | Víkingur | 01:12:01.8 |
| 16 | 115 | Brynjar Guðmundsson | 1975 | Samvör | 01:12:47.8 |
| 17 | 58 | Sigurjón Ólafsson | 1969 | 01:13:16.2 | |
| 18 | 50 | Örn Ingvi Jónsson | 1968 | Össur Racing | 01:13:17.1 |
| 19 | 122 | Bergþór Jóhannsson | 1969 | Bjartur | 01:14:04.5 |
| 20 | 101 | Guðmundur Páll Magnússon | 1975 | 01:14:17.2 | |
| 21 | 68 | Óli Vilmundarson | 1973 | Team Olís | 01:15:46.2 |
| 22 | 36 | Gunnar Petersen | 1974 | 01:16:25.9 | |
| 23 | 129 | Ágúst Guðmundsson | 1972 | Slökkvilið höfuðborgarsv. | 01:16:36.1 |
| 24 | 116 | Bragi Hreinn Þorsteinsson | 1977 | TeamCintamani | 01:17:30.3 |
| 25 | 103 | Friðrik Fannar Sigfússon | 1974 | 3SH | 01:19:20.5 |
| 26 | 64 | Robert Petursson | 1974 | Bjartur | 01:19:46.0 |
| 27 | 46 | Þröstur Thor Bragason | 1975 | Fimman | 01:19:51.2 |
| 28 | 59 | Sigurjón Magnússon | 1968 | 01:20:09.0 | |
| 29 | 104 | Fjölnir Sverrisson | 1975 | 01:20:12.7 | |
| 30 | 76 | Kristján Helgason | 1976 | 01:21:08.2 | |
| 31 | 62 | Sigurbjörn Gunnarsson | 1973 | 01:22:33.4 | |
| 32 | 110 | Egill Helgason | 1970 | 01:23:58.9 | |
| 33 | 61 | Sigurbjörn H. Gestsson | 1968 | 01:26:08.2 | |
| 34 | 74 | Kristján Markús Bragason | 1970 | Íslandsbanki WoW 17 | 01:27:46.6 |
| 35 | 67 | Páll Sigurðsson | 1969 | Bjartur - Víkingur | 01:37:34.6 |
| 36 | 47 | Þorsteinn Hallgrímsson | 1972 | HFR | 00:00:00 |