The bottom two teams (ÍF and Skála) were relegated to the 2025 1.
[2][3] The promoted teams were 2023 1. deild champions Skála ÍF and runners-up NSÍ Runavík.
They replaced the 2023 Faroe Islands Premier League bottom two teams, AB Argir and TB Tvøroyri.
Note: Flags indicate national team as has been defined under FIFA eligibility rules.
Players and Managers may hold more than one non-FIFA nationality.