| Rank | BIB | Name | Year | Club | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | 137 | Þröstur Már Pálmason | 1972 | UFA-Eyrarskokk | 00:20:07 | 00:20:07 | |
| 2 | 190 | Einar Ingimundarson | 1974 | 00:21:29 | +01:22 | 00:21:28 | |
| 3 | 192 | Stefán Helgi Garðarsson | 1976 | 00:22:28 | +02:21 | 00:22:20 | |
| 4 | 213 | Jónatan Þór Magnússon | 1980 | 00:22:33 | +02:26 | 00:22:29 | |
| 5 | 189 | Gunnar Már Leifsson | 1988 | 00:22:41 | +02:34 | 00:22:39 | |
| 6 | 157 | Kári Þorleifsson | 1981 | 00:23:15 | +03:08 | 00:23:12 | |
| 7 | 165 | Lárus Jónsson | 1978 | VMA | 00:24:00 | +03:53 | 00:23:57 |
| 8 | 152 | Haukur Pálmason | 1968 | UFA Eyrarskokk | 00:26:01 | +05:54 | 00:25:56 |
| 9 | 186 | Hjörvar Kristjánsson | 1977 | 00:26:29 | +06:22 | 00:26:27 | |
| 10 | 180 | Svanlaugur Jónasson | 1974 | VMA | 00:29:25 | +09:18 | 00:29:20 |
| 11 | 193 | Helgi Valur Harðarsson | 1982 | 00:30:52 | +10:45 | 00:30:45 | |
| 12 | 161 | Jónas Jónsson | 1955 | VMA | 00:34:14 | +14:07 | 00:34:11 |
| 13 | 139 | Benedikt Barðason | 1966 | VMA | 00:35:37 | +15:30 | 00:35:24 |
| 14 | 184 | Þorsteinn Kruger | 1960 | VMA | 00:50:23 | +30:16 | 00:50:23 |