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In 2015 the club placed 2nd in the 2. deild karla and won promotion to the 1. deild karla. After magically avoiding relegation on goal difference from the 1. deild karla with a 7–2 win against HK in the final round of the season, the team was relegated back to the 2. deild karla in 2017.In 2022, the football division of the club merged with Fjarðabyggð to establish the new Knattspyrnufélag Austfjarða.
Current squad
As of 5 May 2018
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.