| Date | Phase | Home | Away | |||
|---|---|---|---|---|---|---|
| 25/06/2012 | Fourth round | Afturelding | | 2-3 | | Fram |
| 26/06/2012 | Fourth round | KR | | 3-0 | | Breidablik |
| 26/06/2012 | Fourth round | Víkingur | | 2-1 | | Fylkir |
| 08/07/2012 | Quarter-finals | ÍBV | | 1-2 | | KR |
| 08/07/2012 | Quarter-finals | Throttur | | 3-0 | | Selfoss |
| 08/07/2012 | Quarter-finals | Víkingur | | 0-3 | | Grindavík |
| 09/07/2012 | Quarter-finals | Stjarnan | | 2-1 | | Fram |
| 01/08/2012 | Semi-finals | Stjarnan | | 3-0 | | Throttur |
| 02/08/2012 | Semi-finals | Grindavík | | 0-1 | | KR |
| 18/08/2012 | Final | Stjarnan | | 1-2 | | KR |