| Rank | BIB | Name | Year | Club | Split | Targets | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 173 | Guðmundur B. Friðriksson | 1975 | HFR | 00:47:23 (Virkjun) 01:28:54 (Snúningur) | 02:56:18.94 | 02:56:16 | ||
| 2 | 115 | Arnþór Gústavsson | 1979 | Breiðablik | 00:47:25 (Virkjun) 01:28:54 (Snúningur) | 02:56:19.15 | +00:01 | 02:56:13 | |
| 3 | 179 | Áskell Löve | 1977 | Tindur | 00:47:24 (Virkjun) 01:29:02 (Snúningur) | 02:56:19.16 | +00:01 | 02:56:17 | |
| 4 | 182 | Atli Jakobsson | 1975 | HFR | 00:47:23 (Virkjun) 01:28:54 (Snúningur) | 02:56:21.87 | +00:03 | 02:56:20 | |
| 5 | 145 | Páll Snorrason | 1976 | Tindur | 00:47:25 (Virkjun) 01:29:16 (Snúningur) | 03:01:13.85 | +04:55 | 03:01:04 | |
| 6 | 129 | Lúðvík Örn Árnason | 1973 | Afturelding | 00:47:29 (Virkjun) 01:29:10 (Snúningur) | 03:01:33.79 | +05:15 | 03:01:29 | |
| 7 | 96 | Atli Páll Hafsteinsson | 1979 | HFR | 00:47:25 (Virkjun) 01:29:52 (Snúningur) | 03:04:06.88 | +07:48 | 03:04:04 | |
| 8 | 95 | Björgvin Pálsson | 1974 | Tindur | 00:47:26 (Virkjun) 01:29:54 (Snúningur) | 03:04:07.52 | +07:49 | 03:03:58 | |
| 9 | 134 | Kristján Guðni Bjarnason | 1971 | HFR | 00:47:27 (Virkjun) 01:29:51 (Snúningur) | 03:04:12.35 | +07:54 | 03:04:09 | |
| 10 | 170 | Gisli Reynisson | 1972 | Tindur | 00:47:26 (Virkjun) 01:29:34 (Snúningur) | 03:04:12.38 | +07:54 | 03:04:07 | |
| 11 | 171 | Leifur Geir Hafsteinsson | 1970 | Breiðablik | 00:48:56 (Virkjun) 01:32:04 (Snúningur) | 03:06:49.95 | +10:31 | 03:06:46 | |
| 12 | 101 | Sigurður Karl Guðgeirsson | 1977 | Tindur | 00:48:57 (Virkjun) 01:31:11 (Snúningur) | 03:06:50.53 | +10:32 | 03:06:43 | |
| 13 | 122 | Bragi Freyr Gunnarsson | 1975 | Tindur | 00:48:32 (Virkjun) 01:33:05 (Snúningur) | 03:09:44.78 | +13:26 | 03:09:36 | |
| 14 | 127 | Ingvi Jónasson | 1973 | Breiðablik | 00:50:07 (Virkjun) 01:34:31 (Snúningur) | 03:09:46.51 | +13:28 | 03:09:40 | |
| 15 | 97 | Flóki Guðmundsson | 1976 | Tindur | 00:50:06 (Virkjun) 01:34:43 (Snúningur) | 03:11:53.77 | +15:35 | 03:11:45 | |
| 16 | 189 | Magnús Már Þórðarson | 1972 | Bjartur | 00:50:08 (Virkjun) 01:35:15 (Snúningur) | 03:12:10.62 | +15:52 | 03:11:55 | |
| 17 | 178 | Þorsteinn Hallgrímsson | 1972 | Breiðablik | 00:50:08 (Virkjun) 01:35:53 (Snúningur) | 03:16:09.38 | +19:51 | 03:15:58 | |
| 18 | 163 | Ingvar Júlíus Tryggvason | 1975 | Bjartur | 00:48:01 (Virkjun) 01:33:09 (Snúningur) | 03:18:05.78 | +21:47 | 03:18:02 | |
| 19 | 105 | Matthías Guðmundsson | 1972 | Tindur | 00:47:26 (Virkjun) 01:29:25 (Snúningur) | 03:19:04.35 | +22:46 | 03:18:58 | |
| 20 | 104 | Birgir Fannar Birgisson | 1970 | Tindur | 00:50:05 (Virkjun) 01:35:46 (Snúningur) | 03:19:23.91 | +23:05 | 03:19:13 | |
| 21 | 125 | Ari Danielsson | 1972 | Tindur | 00:50:09 (Virkjun) 01:34:45 (Snúningur) | 03:19:47.22 | +23:29 | 03:19:35 | |
| 22 | 138 | Kristján Kristinsson | 1979 | Tindur | 00:58:02 (Virkjun) 01:43:18 (Snúningur) | 03:22:06.31 | +25:48 | 03:21:53 | |
| 23 | 98 | Sölvi Hall | 1974 | Breiðablik | 00:56:37 (Virkjun) 01:45:50 (Snúningur) | 03:32:46.15 | +36:28 | 03:32:28 | |
| 24 | 187 | Ari Guðfinnsson | 1978 | Tindur | 00:54:21 (Virkjun) 01:44:06 (Snúningur) | 03:32:51.66 | +36:33 | 03:32:37 | |
| 25 | 140 | Alexander Eck | 1971 | HFR | 00:50:07 (Virkjun) 01:35:08 (Snúningur) | 03:37:23.61 | +41:05 | 03:37:11 | |
| 26 | 143 | Jón Birgir Gunnarsson | 1971 | Tindur | 00:56:35 (Virkjun) 01:47:58 (Snúningur) | 03:50:39.49 | +54:21 | 03:50:26 | |
| 27 | 144 | Sólberg Bjarnason | 1971 | Tindur | 00:58:03 (Virkjun) 01:52:51 (Snúningur) | 03:50:39.55 | +54:21 | 03:50:32 | |
| 28 | 139 | Hilmar Þór Karlsson | 1973 | Ægir3 | 00:56:38 (Virkjun) 01:47:07 (Snúningur) | 03:55:06.52 | +58:48 | 03:54:53 | |
| 29 | 175 | Bjarni Már Gylfason | 1975 | HFR | 00:47:23 (Virkjun) 01:29:21 (Snúningur) | DQ | |||
| 30 | 132 | Ari Hermann Oddsson | 1975 | Ægir3 | DNF |