The 2003 1. deild was contested by 10 teams, and Havnar Bóltfelag won the championship.
League standings
Results The schedule consisted of a total of 18 games. Each team played two games against every opponent in no particular order. One of the games was at home and one was away.
Top goalscorers Source: faroesoccer.com
13 goals Hjalgrím Elttør (KÍ)
10 goals Andrew av Fløtum (HB)
9 goals Heðin á Lakjuni (B36) John Petersen (B36) Sorin Anghel (EB/Streymur)
7 goals Birgir Jørgensen (VB Vágur/VB) Clayton Nascimento (FS Vágar) Helgi L. Petersen (NSÍ) Jákup á Borg (B36) Rógvi Jacobsen (HB) Tór-Ingar Akselsen (HB)