Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2005 |  | John Petersen | FW |  | Holstebro BK | Holstebro BK |
| 01/2005 |  | Albert Sævarsson | GK |  | UMF Grindavík | Grindavík |
| 01/2005 | | Arnbjørn Danielsen | DF |  | B36 Tórshavn | B36 |
| 01/2005 | | Hans Erik Danielsen | DF | |||
| 01/2005 | | Petur Heinesen | MF | |||
| 01/2005 | | Áki Joensen | MF | |||
| 01/2005 | | Julian Johnsson | MF |  | ÍA Akranes | ÍA Akranes |
| 01/2005 | | Jann Ingi Petersen | MF |  | FC Amager | FCA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2005 | | John Petersen | FW |  | Skive IK | Skive |
| 01/2005 | | Meinhardt Joensen | GK |  | GÍ Gøta | GÍ |
| 01/2005 | | Herbert í Lon | DF | | B36 Tórshavn | B36 |
| 01/2005 | | John Heri Dam | MF |  | HB Tórshavn | HB |
| 01/2005 | | Mikkjal Thomassen | MF | | B36 Tórshavn | B36 |
| 01/2005 | | Trygvi Mortensen | MA |  | NSÍ Runavík | NSÍ Runavík |