| Rank | BIB | Name | Year | Club | Time | ||
|---|---|---|---|---|---|---|---|
| 1 | Jakob Daníelsson | 2001 | SFÍ | 00:04:54 | |||
| 2 | Sigurjón Björnsson | 1981 | Breiðablik | 00:05:12 | +00:18 | ||
| 3 | Baldur Sæmundsson | 1973 | 3N | 00:05:41 | +00:47 | ||
| 4 | Jón Ásgeir Haukdal Þorvaldsson | 1989 | FÍ Landkönnuðir | 00:05:47 | +00:53 | ||
| 5 | Gísli Kristjánsson | 1988 | 00:05:59 | +01:05 | |||
| 6 | Sölvi Karl Stefánsson | 2002 | YS | 00:06:33 | +01:39 | ||
| 7 | Halldór Snorrason | 1969 | Breiðablik | 00:06:34 | +01:40 | ||
| 8 | Albert Marzelíus Högnason | 1960 | 00:06:34 | +01:40 | |||
| 9 | Ásgeir Thoroddsen | 1971 | 00:06:55 | +02:01 | |||
| 10 | Daníel Örn Árnason | 1978 | Bjartur | 00:07:14 | +02:20 | ||
| 11 | Ingvi Jónasson | 1973 | Breiðablik | 00:07:19 | +02:25 | ||
| 12 | Kjartan Long | 1972 | FÍ Landkönnuðir | 00:07:23 | +02:29 | ||
| 13 | Jon Bjornsson | 1968 | Tindur | 00:07:44 | +02:50 | ||
| 14 | Róbert Ragnarsson | 1976 | Ármann | 00:07:53 | +02:59 | ||
| 15 | Pétur Guðmundsson | 1964 | 00:07:56 | +03:02 | |||
| 16 | Rúnar Bragason | 1972 | 00:08:04 | +03:10 | |||
| 17 | Bragi Þór Antoníusson | 1985 | FÍ landkönnuðir | 00:08:09 | +03:15 | ||
| 18 | Svanur Már sch | 1972 | 3n | 00:08:35 | +03:41 | ||
| 19 | Stefán Árni Auðólfsson | 1972 | YS | 00:08:43 | +03:49 | ||
| 20 | Yngvi Snorrason | 1989 | 00:09:26 | +04:32 | |||
| 21 | Stefán Baldur Árnason | 1972 | Hlaupahópur Ármanns | 00:09:42 | +04:48 | ||
| 22 | Hlöðver Tómasson | 1976 | Breiðablik | 00:09:52 | +04:58 | ||
| 23 | Árni Gunnar Vigfússon | 1967 | FBSR | 00:10:00 | +05:06 | ||
| 24 | Grétar Páll Jónsson | 1977 | 00:10:43 | +05:49 |