The 2007 Icelandic Men's Football League Cup was the 12th staging of the Icelandic Men's League Cup, a pre-season professional football competition in Iceland. The competition started on 16 February 2007 and concluded on 1 May 2007 with FH beating Valur 3–2 in the final after extra time.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Qualification |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FH (Q) | 7 | 6 | 1 | 0 | 21 | 7 | +14 | 19 | Qualification to the Quarter-finals |
| 2 | Valur (Q) | 7 | 5 | 0 | 2 | 15 | 5 | +10 | 15 | |
| 3 | HK (Q) | 7 | 3 | 2 | 2 | 6 | 8 | −2 | 11 | |
| 4 | Víkingur Reykjavík (Q) | 7 | 3 | 1 | 3 | 17 | 11 | +6 | 10 | |
| 5 | Fylkir | 7 | 3 | 1 | 3 | 14 | 13 | +1 | 10 | |
| 6 | Stjarnan | 7 | 2 | 1 | 4 | 15 | 14 | +1 | 7 | |
| 7 | KA | 7 | 1 | 1 | 5 | 6 | 21 | −15 | 4 | |
| 8 | Grindavík | 7 | 1 | 1 | 5 | 5 | 20 | −15 | 4 |
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Qualification |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Breiðablik (Q) | 7 | 7 | 0 | 0 | 27 | 8 | +19 | 21 | Qualification to the Quarter-finals |
| 2 | KR (Q) | 7 | 6 | 0 | 1 | 15 | 5 | +10 | 18 | |
| 3 | Keflavík (Q) | 7 | 3 | 1 | 3 | 19 | 6 | +13 | 10 | |
| 4 | Fram (Q) | 7 | 3 | 1 | 3 | 14 | 12 | +2 | 10 | |
| 5 | ÍBV | 7 | 2 | 1 | 4 | 8 | 13 | −5 | 7 | |
| 6 | ÍA | 7 | 2 | 1 | 4 | 10 | 20 | −10 | 7 | |
| 7 | Fjölnir | 7 | 1 | 2 | 4 | 11 | 17 | −6 | 5 | |
| 8 | Þróttur | 7 | 1 | 0 | 6 | 11 | 24 | −13 | 3 |
| Valur | 3–1 | Keflavík |
|---|---|---|
Thorarinsson  39' Sigurdsson 60' Saevarsson 90+1' |
Sigurdsson 15' |
| KR | 1–1 (a.e.t.) | HK |
|---|---|---|
| Thorhallsson 3' |
Stefansson 39' |
|
| Penalties | ||
| 7–8 | ||
| Breiðablik | 1–2 | Víkingur Reykjavík |
|---|---|---|
| Sigurdsson 26' |
Sveinbjornsson 67' Atlasonn 87' |
| FH | 3–2 (a.e.t.) | Valur |
|---|---|---|
| Gunnlaugsson 50' Dyring 99' Gudnason 115' |
Hjaltason 76', 120' Hreidarsson  |
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