Despite being reigning cup champions, lack of funds and interest from the Haukar basketball department resulted in the team folding before the start of the 1992–93 season, forcing Guðbjörg to transfer to KR.

In the playoffs, she helped KR go undefeated, sweeping ÍS in the semi-finals and Keflavík in the finals.

[6][7] In September 2001, Guðbjörg announced that she would not play with KR during the season[8] and a few days later she signed with her hometown team Haukar in the second-tier 2. deild kvenna.

[9] On 5 November, in her first official game back with Haukar, Guðbjörg scored 26 points in a victory against Laugdælir.

[15] In the playoffs, Guðbjörg helped KR overcome a 0-2 deficit against ÍS in the Úrvalsdeild finals to win the national championship for the second year in a row.