Generating profit is highly desirable for any business.

For tax purpose you need to differentiate between "profit" and "taxable profit". You can try to lower your taxable profit to minimise tax, e.g. by re-investing your profits, but ultimately it is better to turn a profit and to have to pay some tax on it that to have an unprofitable business.

Not necessarily, this is a classic misunderstanding. As a famous example, Uber did not make a profit for 14 years, all the way up to 2023. For taxable profit it's even more severe, they've built up a considerable backlog of losses, so they'll pay very little in taxes for the foreseeable future, even though they're now profitable.