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1. Deild Karla 1953/1954 | | Round Robin. |
| Final Ranking | Pts | w | l | d | gf | ga | g+- | | 1. Ármann Reykjavik | 8 | 3 | 2 | 0 | 90: | 80 | +10 | | 2. Fram Reykjavik | 6 | 3 | 0 | 2 | 96: | 90 | +6 | | 3. KR Reykjavik | 6 | 2 | 2 | 1 | 92: | 85 | +7 | | 4. Valur Reykjavik | 4 | 2 | 0 | 3 | 107: | 110 | -3 | | 5. ÍR Reykjavik | 3 | 1 | 1 | 3 | 98: | 105 | -7 | | 6. Víkingur Reykjavik | 3 | 1 | 1 | 3 | 99: | 112 | -13 |
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| Table | Árm | KR R | Fram | Valu | ÍR R | Víki | | Ármann Reykjavik | ---- | 13:13 | 22:18 | 23:20 | 13:13 | 19:16 | | KR Reykjavik | | ---- | 11:10 | | 29:20 | | | Fram Reykjavik | | | ---- | 20:15 | 25:22 | 23:20 | | Valur Reykjavik | | 21:18 | | ---- | | 33:22 | | ÍR Reykjavik | | | | 27:18 | ---- | | | Víkingur Reykjavik | | 21:21 | | | 20:16 | ---- |
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Ármann: Stefán Gunnarsson, Eyjólfur Þorbjörnsson, Kristinn Karlsson, Magnús Þórarinsson, Karl Jóhannsson, Ólafur Eiriksson, Jórt Erlendsson, Þór Steingrímsson, Jón Jónsson.
| date | team 1 | score | team 2 | HT | | 17.02 | Fram Reykjavik | 23-20 | Víkingur Reykjavik | 10-10 | | 17.02 | Ármann Reykjavik | 23-20 | Valur Reykjavik | 8-13 | | 19.02 | KR Reykjavik | 29-20 | ÍR Reykjavik | 10-8 | | 23.02 | Ármann Reykjavik | 19-16 | Víkingur Reykjavik | | | 27.02 | Fram Reykjavik | 25-22 | ÍR Reykjavik | 12-10 | | 28.02 | Valur Reykjavik | 21-18 | KR Reykjavik | 11-12 | | 28.02 | Víkingur Reykjavik | 20-16 | ÍR Reykjavik | 13-5 | | 02.03 | Fram Reykjavik | 20-15 | Valur Reykjavik | | | 07.03 | Ármann Reykjavik | 13-13 | KR Reykjavik | 5-6 | | 07.03 | Valur Reykjavik | 33-22 | Víkingur Reykjavik | -33-23 | | 10.03 | KR Reykjavik | 11-10 | Fram Reykjavik | | | 11.03 | Ármann Reykjavik | 13-13 | ÍR Reykjavik | | | 11.03 | Víkingur Reykjavik | 21-21 | KR Reykjavik | | | 14.03 | ÍR Reykjavik | 27-18 | Valur Reykjavik | | | 14.03 | Ármann Reykjavik | 22-18 | Fram Reykjavik | 9-11 |
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| Final Ranking | Pts | w | l | d | gf | ga | g+- | | 1. Þróttur Reykjavik | 4 | 2 | 0 | 0 | 49: | 40 | +9 | | 2. FH Hafnarfjardar | 2 | 1 | 0 | 1 | 47: | 47 | 0 | | 3. UMF Afturelding | 0 | 0 | 0 | 2 | 43: | 52 | -9 |
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| Sóley played out of competition. |
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| date | team 1 | score | team 2 | HT | | 19.02 | Þróttur Reykjavik | 24-20 | FH Hafnarfjardar | | | 23.02 | UMF Afturelding | 22-17 | Sóley | 11-11 | | 27.02 | Þróttur Reykjavik | 25-20 | UMF Afturelding | | | 02.03 | FH Hafnarfjardar | 26-17 | Sóley | | | 10.03 | Þróttur Reykjavik | 15-12 | Sóley | | | 14.03 | FH Hafnarfjardar | 27-23 | UMF Afturelding | |
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