| # | Bib | Name | Club | Age | Pace | Final | |
|---|---|---|---|---|---|---|---|
| 1 | 23 | Sævar Birgisson | SÓ | 21 | 03:09/km | 00:31:29 | |
| 2 | 12 | Albert Jónsson | SFÍ | 18 | 03:24/km | 00:33:58 | |
| 3 | 20 | Vadim Gusev | SKA | 21 | 03:27/km | 00:34:35 | |
| 4 | 22 | Gísli Einar Árnason | SKA | 21 | 03:36/km | 00:36:02 | |
| 5 | 13 | Ragnar Bragason | SFS | 21 | 03:38/km | 00:36:23 | |
| 6 | 18 | Einar Ólafsson | Ullur | 21 | 03:47/km | 00:37:52 | |
| 7 | 17 | Ólafur Ragnar Helgason | Ullur | 21 | 03:49/km | 00:38:07 | |
| 8 | 27 | Birkir Þór Stefánsson | SFS | 21 | 03:49/km | 00:38:14 | |
| 9 | 26 | Kristbjörn Róbert Sigurjónsson | SFÍ | 21 | 03:55/km | 00:39:07 | |
| 10 | 16 | Gunnlaugur Jónasson | Ullur | 21 | 04:05/km | 00:40:47 | |
| 11 | 15 | Snorri Þ. Ingvarsson | Ullur | 21 | 04:09/km | 00:41:27 |