| # | Bib | Name | Club | Age | Pace | Final | |
|---|---|---|---|---|---|---|---|
| 1 | 83 | Stefán Snær Ragnarsson | 14 | 04:15/km | 00:42:31 | 00:42:22 | |
| 2 | 36 | Rúnar Jónsson | 59 | 04:24/km | 00:43:59 | 00:43:48 | |
| 3 | 25 | Sigurður Steingrímsson | 64 | 04:38/km | 00:46:16 | 00:46:11 | |
| 4 | 47 | Bjórn Þór Ólafsson | 74 | 04:46/km | 00:47:44 | 00:47:32 | |
| 5 | 137 | Þorgils Magnússon | 29 | 04:55/km | 00:49:11 | 00:48:55 | |
| 6 | 51 | Jón Elvar Númason | 42 | 04:57/km | 00:49:34 | 00:49:20 | |
| 7 | 85 | Valtýr Sigurðsson | 70 | 04:59/km | 00:49:46 | 00:49:35 | |
| 8 | 88 | Skarphéðinn Jónsson | 16 | 05:01/km | 00:50:13 | 00:50:01 | |
| 9 | 26 | Jón Ingi Björnsson | 30 | 05:02/km | 00:50:24 | 00:50:05 | |
| 10 | 105 | Erlingur Jónasson | 47 | 05:07/km | 00:51:10 | 00:51:06 | |
| 11 | 99 | Björn Jakob Magnússon | 28 | 05:14/km | 00:52:18 | 00:52:00 | |
| 12 | 119 | Jón Frímann Kjartansson | 10 | 05:31/km | 00:55:09 | 00:55:04 | |
| 13 | 14 | Kristinn Knörr Jóhannesson | 15 | 05:37/km | 00:56:13 | 00:56:01 | |
| 14 | 120 | Helgi Már Kjartansson | 13 | 05:45/km | 00:57:34 | 00:57:28 | |
| 15 | 63 | Eyþór Trausti Bjarnason | 18 | 05:50/km | 00:58:17 | 00:58:07 | |
| 16 | 59 | Trausti Sveinsson | 72 | 05:50/km | 00:58:23 | 00:55:49 | |
| 17 | 100 | Kristinn Jóhannes Magnússon | 31 | 05:58/km | 00:59:42 | 00:59:22 | |
| 18 | 142 | Tryggvi Már Ingvarsson | 38 | 05:59/km | 00:59:49 | 00:58:41 | |
| 19 | 41 | Birgir Örn Smárason | 31 | 06:04/km | 01:00:42 | 01:00:28 | |
| 20 | 15 | Ólafur Ísar Jóhannesson | 14 | 06:16/km | 01:02:39 | 01:02:26 | |
| 21 | 69 | Aron Guðnason | 31 | 06:17/km | 01:02:46 | 01:02:27 | |
| 22 | 64 | Thrond Olssen | 57 | 06:18/km | 01:03:02 | 01:02:53 | |
| 23 | 116 | Óskar Svavarsson | 43 | 06:22/km | 01:03:36 | 01:03:29 | |
| 24 | 10 | Jón Helgi Guðmundsson | 11 | 06:57/km | 01:09:31 | 01:09:16 | |
| 25 | 147 | Ingvar Auðunn Guðnason | 68 | 08:06/km | 01:21:01 | 01:20:43 |