| Rank | Bib | Name | Year | Club/Team | Time |
|---|---|---|---|---|---|
| 1 | 83 | Jóhann Thorarensen | 1959 | Bjartur | 01:05:14.2 |
| 2 | 60 | Sigurjón Haraldsson | 1956 | Víkingur | 01:13:13.8 |
| 3 | 40 | Rúnar Helgason | 1959 | 3n | 01:15:30.3 |
| 4 | 42 | Gissur Örlygsson | 1967 | 01:21:21.0 | |
| 5 | 106 | Erlendur Pálsson | 1966 | Víkingur | 01:25:04.2 |
| 6 | 81 | Jón Àgústsson | 1965 | 01:25:19.4 | |
| 7 | 49 | Örn Unnarsson | 1965 | 01:27:09.7 |