Norway won the tournament after winning four of their five games, finishing first in the group standings and gained promotion back to the Championship Division for the 2006 IIHF World U18 Championships. Latvia finished second after losing only to Norway and Poland and Ukraine finished in third place. Italy finished in last place, managing only to tie two of their games and lose the other three and were relegated to Division II for the 2006 IIHF World U18 Championships. Grzegorz Pasiut of Poland finished as the top scorer of the tournament with seven points including six goals and one assist. Norways' Lars Simon Paulgaard fished as the tournaments leading goaltender with a save percentage of 92.50.