First Round
| Tie no | Home team | Score | Away team |
|---|---|---|---|
| 1 | HK U23 | 3– 2 a.e.t. | Valur U23 |
| 2 | Höttur | 2 – 0 | Einherji |
| 3 | Völsungur U23 | 2 – 3 | Snörtur |
| 4 | Skallagrímur | 3 – 1 | ÍH |
| 5 | Neisti D. | 1 – 3 | Fjarðabyggð |
| 6 | Grótta | 0 – 2 | Haukar U23 |
| 7 | KR U23 | 4 – 2 a.e.t. | Afríka |
| 8 | Freyr | 0 – 4 | Breiðablik U23 |
| 9 | Víkingur Ólafsvík | 0 – 1 | ÍA U23 |
| 10 | ÍR U23 | 1 – 3 | Deiglan |
| 11 | Keflavík U23 | 7 – 1 | Þróttur R. U23 |
| 12 | Reynir Sandgerði | 2– 3 a.e.t. | FH U23 |
| 13 | Grindavík U23 | 1 – 2 | Fram U23 |
| 14 | Fjölnir | 1 – 2 | Númi |
| 15 | Leiknir Fáskrúðsfjörður | 4 – 0 | Sindri |
| 16 | Fylkir U23 | 4 – 3 | Léttir |
| 17 | HK | 5 – 0 | Leiknir Reykjavík |
| 18 | ÍR | 5 – 0 | Kjölur |
| 19 | Stjarnan U23 | 1 – 5 | Selfoss |
| 20 | Ægir | 1 – 2 | Austri |
| 21 | Árborg | 1 – 4 | Víðir |
| 22 | Hamar | 1 – 4 | KFS |
| 23 | Huginn | 5 – 0 | KE |
| 24 | Völsungur | 6 – 1 | KA U23 |
| 25 | Tindastóll | 5 – 1 | Magni |
Read more about this topic: 2003 Icelandic Cup
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