13/05 - 21:00
| 1932/05/25 | Belenenses |  | NE |  | Sporting |
| SP | T | GT | Pts | |||
|---|---|---|---|---|---|---|
| 1 | | Sporting | 5 | 18 | 5 | 9 |
| 2 | | Belenenses | 5 | 17 | 6 | 9 |
| 3 |  | Benfica | 5 | 7 | 8 | 6 |
| 4 |  | Barreirense | 5 | 14 | 8 | 4 |
| 5 |  | União Lisboa | 5 | 6 | 16 | 2 |
| 6 |  | Carcavelinhos | 5 | 4 | 23 | 0 |
| SP | T | GT | Pts | |||
|---|---|---|---|---|---|---|
| 1 | | Carcavelinhos | 8 | 17 | 11 | 12 |
| 2 | | Barreirense | 8 | 20 | 16 | 11 |
| 3 | | Belenenses | 8 | 35 | 9 | 10 |
| 4 |  | Casa Pia AC | 8 | 10 | 19 | 4 |
| 5 |  | Os Fósforos | 8 | 6 | 33 | 3 |
