| 500 meter | 51.60 | Kristján Árnason (Neo) | 03.02.1951 |
| 500 meter | 53.40 | Þorsteinn Steingrímsson (n/a) | 03.02.1951 |
| 500 meter | 54.20 | Hjalti Þorsteinsson (Neo) | 03.02.1951 |
| 500 meter | 55.10 | Þorvaldur Snæbjörnsson (Neo) | 03.02.1951 |
| 500 meter | 55.90 | Svavar Jóhannesson (n/a) | 03.02.1951 |
| 500 meter | 57.00 | Jón R. Einarsson (n/a) | 03.02.1951 |
| 500 meter | 57.50 | Sigurjón Sigurðsson (n/a) | 03.02.1951 |
| 500 meter | 58.00 | Ólafur Jóhannesson (n/a) | 03.02.1951 |
| 500 meter | 58.80 | Ólafur Marthin Paulsen (M30) | 03.02.1951 |
| 500 meter | 59.00 | Óskar Ingimarsson (n/a) | 03.02.1951 |
| 500 meter | 59.10 | Jón Dalmann Ármannsson (Neo) | 03.02.1951 |
| 500 meter | 1:05.00 | Bjørn Baldursson (C2) | 03.02.1951 |
| 500 meter | 1:09.50 | Jón Viðar Guðlaugsson (n/a) | 03.02.1951 |
| 500 meter | 1:14.30 | Þorhallur Jónsson (n/a) | 03.02.1951 |
| 500 meter | 1:15.90 | Edda Indriðadóttir (C1) | 03.02.1951 |
| 1500 meter | 3:15.20 | Kristján Árnason (Neo) | 03.02.1951 |
| 1500 meter | 3:26.00 | Þorsteinn Steingrímsson (n/a) | 03.02.1951 |
| 1500 meter | 3:26.90 | Jón Dalmann Ármannsson (Neo) | 03.02.1951 |
| 1500 meter | 3:27.10 | Hjalti Þorsteinsson (Neo) | 03.02.1951 |
| 1500 meter | 3:28.10 | Jón R. Einarsson (n/a) | 03.02.1951 |
| 1500 meter | 3:30.40 | Ólafur Marthin Paulsen (M30) | 03.02.1951 |
| 1500 meter | 3:30.70 | Svavar Jóhannesson (n/a) | 03.02.1951 |
| 1500 meter | 3:33.20 | Sigurjón Sigurðsson (n/a) | 03.02.1951 |
| 1500 meter | 3:34.00 | Þorvaldur Snæbjörnsson (Neo) | 03.02.1951 |
| 1500 meter | 3:38.50 | Ólafur Jóhannesson (n/a) | 03.02.1951 |
| 1500 meter | 3:46.40 | Edda Indriðadóttir (C1) | 03.02.1951 |
| 1500 meter | 3:55.20 | Guðný Steingrímsdóttir (n/a) | 03.02.1951 |
| Small combination | 246.667 | Kristján Árnason (Neo) | 03. - 04.02.1951 |
| Small combination | 259.347 | Þorsteinn Steingrímsson (n/a) | 03. - 04.02.1951 |
| Small combination | 264.610 | Jón Dalmann Ármannsson (Neo) | 03. - 04.02.1951 |
| Small combination | 266.406 | Hjalti Þorsteinsson (Neo) | 03. - 04.02.1951 |
| Small combination | 267.744 | Jón R. Einarsson (n/a) | 03. - 04.02.1951 |
| Small combination | 272.283 | Svavar Jóhannesson (n/a) | 03. - 04.02.1951 |
| Small combination | 278.803 | Ólafur Jóhannesson (n/a) | 03. - 04.02.1951 |
| Small combination | 284.446 | Ólafur Marthin Paulsen (M30) | 03. - 04.02.1951 |
| 3000 meter | 5:55.20 | Kristján Árnason (Neo) | 03.02.1951 |
| 3000 meter | 6:16.80 | Þorsteinn Steingrímsson (n/a) | 03.02.1951 |
| 3000 meter | 6:37.40 | Jón Dalmann Ármannsson (Neo) | 03.02.1951 |
| 3000 meter | 6:39.80 | Hjalti Þorsteinsson (Neo) | 03.02.1951 |
| 3000 meter | 6:43.90 | Jón R. Einarsson (n/a) | 03.02.1951 |
| 3000 meter | 6:49.20 | Ólafur Jóhannesson (n/a) | 03.02.1951 |
| 3000 meter | 6:58.20 | Svavar Jóhannesson (n/a) | 03.02.1951 |
| 3000 meter | 6:58.50 | Sigurjón Sigurðsson (n/a) | 03.02.1951 |
| 3000 meter | 7:41.90 | Ólafur Marthin Paulsen (M30) | 03.02.1951 |
| 5000 meter | 11:43.10 | Jón Dalmann Ármannsson (Neo) | 03.02.1951 |
| 5000 meter | 11:48.00 | Kristján Árnason (Neo) | 03.02.1951 |
| 5000 meter | 12:20.60 | Jón R. Einarsson (n/a) | 03.02.1951 |
| 5000 meter | 12:24.80 | Þorsteinn Steingrímsson (n/a) | 03.02.1951 |
| 5000 meter | 12:44.50 | Svavar Jóhannesson (n/a) | 03.02.1951 |
| 5000 meter | 12:45.30 | Ólafur Marthin Paulsen (M30) | 03.02.1951 |
| 5000 meter | 12:45.40 | Hjalti Þorsteinsson (Neo) | 03.02.1951 |
| 5000 meter | 13:10.50 | Ólafur Jóhannesson (n/a) | 03.02.1951 |